MFFB Terminations Sample Clauses

MFFB Terminations. From the Closing Date until, but excluding, the Lease Obligation Date, if MFFB terminates a lease or sublease in respect of a Lease Location for any reason, MFFB shall be responsible for one hundred percent (100%) of the liability associated with such Lease Location. From and after the Lease Obligation Date, if MFFB terminates a lease or sublease in respect of a Lease Location (other than as a result of MFFB terminating such Franchisee’s right to operate a MFFB Other Franchise Brand at such Lease Location) for a Lease Breach, Buyer and MFFB shall each be responsible for fifty percent (50%) of the liabilities associated with such Lease Location; provided, however, that MFFB provides Buyer at least thirty (30) days prior written notice of its intent to terminate such lease or sublease. For purposes of this Section 7.13(f), “Lease Breach” shall mean a breach by a Franchisee of a lease or sublease in respect of a Lease Location, which breach is not cured, or capable of being cured, in the time permitted under the applicable lease or sublease.
Sample 1Sample 2
AutoNDA by SimpleDocs
MFFB Terminations. From the Closing Date until, and including, August 7, 2008, if MFFB terminates a lease or sub-lease in respect of a Lease Location for any reason, MFFB shall be responsible for one hundred percent (100%) of the liability associated with such Lease Location. From and after August 8, 2008, if MFFB terminates a lease or sub-lease in respect of a Lease Location (other than as a result of MFFB terminating such Franchisee’s right to operate a MFFB Other Franchise Brand at such Lease Location) for a Lease Breach, each of Buyer and MFFB shall each be responsible for fifty percent (50%) of the liabilities associated with such Lease Location; provided, however, that MFFB provides Buyer at least thirty (30)
Sample 1

Related to MFFB Terminations

  • Other Terminations If Executive’s service with the Company is terminated by the Company or by Executive for any or no reason other than as a Covered Termination, then Executive shall not be entitled to any benefits hereunder other than accrued but unpaid salary, bonus, vacation and expense reimbursement in accordance with applicable law and to elect any continued healthcare coverage as may be required under COBRA or similar state law.

  • Qualifying Terminations The occurrence of any one of the following events within twenty-four calendar months after a Change in Control of the Company will trigger the payment of Severance Benefits under this Agreement:

  • Obligations of the Company Upon Termination of Employment (a) Expiration of Term, By the Company for Cause or by Executive without Good Reason. If Executive's employment shall be terminated:

  • Permitted Terminations The Executive’s employment hereunder may be terminated during the Employment Period under the following circumstances:

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Termination Other Than a Qualifying Termination If the termination of the Executive’s employment with the Company Group is not a Qualifying Termination, then the Executive will not be entitled to receive severance or other benefits.

  • Voluntary Termination; Termination for Cause If Executive's employment with the Company terminates voluntarily by Executive or for Cause by the Company, then all vesting of the Option and all other options granted to Executive will terminate immediately and all payments of compensation by the Company to Executive hereunder and all obligations with respect thereto (including, without limitations, with respect to base salary, bonuses, employee benefits, relocation and temporary living reimbursements and other expense reimbursements) will terminate immediately (except as to amounts already earned).

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • Benefits Termination Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

  • Rights in Event of Termination of Employment Absent Change in Control (a) In the event that Executive's employment is involuntarily terminated by HMS without Cause and no Change in Control shall have occurred as of the date of such termination, upon execution of a mutual release, HMS will provide Executive with the following pay and benefits: (i) a payment in an amount equal to the greater of: that portion of the Executive’s Agreed Compensation for the then existing Employment Period that has not been paid to Executive as of the date his employment terminates, or 1.0 times the Executive’s Agreed Compensation. Such amount shall be payable in twelve (12) equal monthly installments; and (ii) subject to plan terms, Executive’s continued participation in HMS's employee benefit plans for twelve (12) months or until Executive secures substantially similar benefits through other employment, whichever shall first occur. If Executive is no longer eligible to participate in an employee benefit plan because he is no longer an employee, HMS will pay Executive the amount of money that it would have cost HMS to provide the benefits to Executive. However, in the payments described herein, when added to all other amounts or benefits provided to or on behalf of the Executive in connection with his termination of employment, would result in the imposition of an excise tax under Code Section 4999, such payments shall be retroactively (if necessary) reduced to the extent necessary to avoid such imposition. Upon written notice to Executive, together with calculations of HMS's independent auditors, Executive shall remit to HMS the amount of the reduction plus such interest as may be necessary to avoid the imposition of such excise tax. Notwithstanding the foregoing or any other provision of this Agreement to the contrary, if any portion of the amount herein payable to the Executive is determined to be non-deductible pursuant to the regulations promulgated under Section 280G of the Code, then HMS shall be required only to pay to Executive the amount determined to be deductible under Section 280G.

Time is Money Join Law Insider Premium to draft better contracts faster.