Term Termination and Retirement Sample Clauses

Term Termination and Retirement. 8 - 8.1. Term of Agreement..................................................- 8 - 8.2. Extended Term......................................................- 8 - 8.3. SCN Events of Default..............................................- 8 - 8.4. VERO Events of Default.............................................- 9 - 8.5. VERO's Remedies....................................................- 9 - 8.6. SCN's Remedies.....................................................- 9 - ARTICLE IX. REPRESENTATIONS AND WARRANTIES OF VERO AND PHYSICIAN OWNERS.......................- 9 - 9.1. Validity...........................................................- 9 - 9.2. Authority..........................................................- 9 - ARTICLE X. REPRESENTATIONS AND WARRANTIES OF SCN............................................- 10 - 10.1. Organization.....................................................- 10 - 10.2. Authority........................................................- 10 - 10.3. Absence of Litigation............................................- 10 - 10.4. Transactions with Affiliates.....................................- 10 - ARTICLE XI. COVENANTS OF VERO AND PHYSICIAN OWNERS...........................................- 10 - 11.1. Merger, Consolidation and Other Arrangements.....................- 10 - 11.2. Necessary Authorizations/Assignment of Licenses and Permit.......- 10 - 11.3. Transaction with Affiliates......................................- 10 - 11.4. Compliance with All Laws.........................................- 10 - 11.5. Third-Party Payor Programs.......................................- 10 - 11.6. Change in Business or Credit and Collection Policy...............- 11 -
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Term Termination and Retirement 
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Related to Term Termination and Retirement

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • Termination and Termination Benefits Notwithstanding the provisions of Section 3, the Executive's employment under this Agreement shall terminate under the following circumstances set forth in this Section 6.

  • Termination by Reason of Retirement If the Grantee's employment by the Company terminates by reason of Retirement (as defined in the Plan), the Restricted Stock Units granted hereunder shall not be forfeited but shall be settled in Stock to the Grantee on the same schedule as provided in Section 2 (or otherwise) as if the Grantee had continued employment through each such Vesting Date (or such other vesting event pursuant to Section 3.4 or Section 5.2).

  • Termination of Employment Due to Retirement In the event of the Retirement of the Participant after nine months of the Performance Cycle have elapsed, the Participant’s Performance Units shall be settled based on the performance for the Performance Cycle and payable on a pro-rata basis as determined and certified by the Board after the close of the Performance Cycle as described below. Subject to the negative discretion of the Board, the Participant will be entitled to receive a payment equal to the product of (i) the pro-rata vesting percentage equal to the days of Participant’s Employment during the Performance Cycle divided by the total days in the Performance Cycle and (ii) the Payout Value. Such payment shall be made as soon as administratively feasible following the Board’s determination under Paragraph 2 and, in all cases, the payment shall be made within the first calendar year following the end of the Performance Cycle. If, in accordance with the Board’s determination under Paragraph 2, the Payout Value is zero, the Participant shall immediately forfeit any and all rights to the Performance Units. Upon the vesting and/or forfeiture of the Performance Units pursuant to this Paragraph 6 and the making of the related cash payment, if any, the rights of the Participant and the obligations of the Company under this Award Agreement shall be satisfied in full. The death of the Participant following Retirement but prior to the close of the Performance Cycle shall have no effect on this Paragraph 6.

  • 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.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • 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.

  • Termination on Death or Disability Upon a termination of employment due to the Executive’s death or Disability, the Company shall have no further liability or further obligation to the Executive except that the Executive (or, if applicable, his estate or designated beneficiaries under any Company-sponsored employee benefit plan in the event of his death) shall be entitled to receive:

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

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