Termination Defined. For purposes of this Agreement, “termination” shall mean termination by expiration of the Agreement term as stated in Article II, or earlier termination pursuant to any of the provisions hereof.
Termination Defined. This Agreement shall automatically terminate upon the occurrence of any of the following events:
(a) death of the Employee while insured under the Policy; or
(b) the bankruptcy, receivership or dissolution of the Corporation; or
(c) the termination of employment of the Employee with the Corporation (other than by reason of the Employee’s Retirement); or
(d) the Employee’s notice of his intent to exercise his right to surrender the Policy, pursuant to Article 1.2 (b)(i); or
(e) the written Agreement of the Employee and the Corporation; or
(f) the removal of the Employee from the Corporation’s “A” or “B” payroll group. Notwithstanding anything else in this Agreement to the contrary, the Corporation has the unilateral right at any time to terminate, amend or discontinue the Agreement and to receive the Corporate Interest described in Article 4.4 in such event. Notwithstanding the language of this Article or any other provision of this Agreement, the Corporation, in its sole discretion, may delay termination of this Agreement if it is determined by the Corporation that adverse tax consequences with respect to the Corporation and/or the Employee can be avoided through such delay, or in order to increase the cash value in the Policy available to Employee. Alternatively or in addition to delaying the termination of this Agreement, the Corporation may in its sole discretion choose to reduce the amount due to the Corporation from the Employee’s Policy as Corporate Interest pursuant to Article 4.4 in order to increase the cash value in the Policy available to Employee.
Termination Defined. Termination occurs when the Lessee no longer has the right or CP’s permission to use or occupy the Leased Premises. Termination shall not be construed to release the Lessee from any obligations or liabilities that exist or may arise as the result of the Lessee’s use or occupancy of the Leased Premises or that impact CP in any other manner. Termination shall not relieve Lessee from payment of rent, taxes or other fees that are chargeable to Lessee hereunder if:
i. Lessee has not vacated the Leased Premises;
ii. Any of Lessee’s property or any Improvements remain on the Leased Premises;
iii. Lessee is in any manner deriving benefit from the use of the Leased Premises;
iv. CP has not approved Lessee’s restoration of the Leased Premises; or
v. If environmental impacts remain upon the Leased Premises or CP’s adjacent property that can be reasonably attributed to the lease activities associated Lessee’s use of the Leased Premises.
Termination Defined. The term "termination" shall mean termination by the Company of the employment of Employee with the Company for any reason other than cause (as defined below), or resignation of Employee upon the occurrence of a "change in control" (as defined below). The term "cause" means gross misconduct or willful and material breach of this Agreement by Employee. For purposes of this Agreement, each of the following specified events shall be deemed a "change of control": (i) any third person, including a "group" as defined in Sections 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended, becomes the beneficial owner of shares of the Company or of proxies or other rights pertaining to the Company which carry 25 percent or more of the total number of votes for the election of the Board of Directors of the Company or with respect to a merger, consolidation or sale; (ii) as result of, or in connection with, any cash tender offer, merger, or other business combination of the foregoing, the persons who were directors of the Company immediately prior to such event cease to constitute a majority of the Board of Directors of the Company; (iii) the approval of an agreement providing either for a transaction or series of transactions by which the Company will cease to be an independent publicly-owned company or for a sale, lease or other disposition of all or substantially all of the assets of the Company; or (iv) following any public offering of securities of the Company during any period of 24 consecutive months as a result of which the persons who were members of the Company's Board of Directors at the commencement of the period cease for any reason to constitute a majority of the Company's Board of Directors.
Termination Defined. For purposes of the adjustments set forth in this Section 2.07, a termination of the Peanuts Agreement or the MOA Agreement followed by the execution of an agreement providing for substantially similar rights or services shall not constitute a termination for purposes of triggering an adjustment to the Purchase Price.
Termination Defined. The Corporation reserves the right to terminate this Agreement for any reason. This Agreement shall automatically terminate upon the occurrence of any of the following events:
(a) The bankruptcy, receivership or dissolution of the Corporation.
(b) The Executive's retirement from the Corporation; provided, however, if the retirement occurs within ten years after the date the Policy was issued or before an amount equal to the Corporate Interest can be withdrawn from the policy without incurring tax under the Code Section 7702(f)
Termination Defined. This Agreement shall automatically terminate upon the occurrence of any of the following events:
(a) the bankruptcy, receivership or dissolution of the Corporation;
(b) the termination of employment of the Employee with the Corporation (other than by reason of death);
(c) the Employee's notice of his intent to exercise his right to surrender the Policy, pursuant to Subsection 1.2(b)(i) of Article 1, above;
(d) the mutual written Agreement of the Employee and the Corporation; or
(e) the removal of the Employee from the Corporation's "A" and "B" payroll group. Notwithstanding anything else in this Agreement to the contrary, the Corporation has the unilateral right at any time to terminate, amend or discontinue the Agreement and to receive the Termination Amount described in Section 4.3 in such event.
Termination Defined. This Agreement shall automatically ------------------- terminate upon the occurrence of any of the following events:
(a) the bankruptcy, receivership or dissolution of the Corporation;
(b) the Employee's termination of employment with the Corporation (including permanent and total disability); or
(c) the written agreement of the Employee and the Corporation. Also, if the Employee so elects, this Agreement shall terminate upon the occurrence of a Change in Control, as defined in Section 5.10
Termination Defined. Termination," as that term is employed herein, ------------------- shall additionally mean: A significant reduction in the nature, status or scope of the Executive's duties, responsibilities or authorities without the effective consent of the Executive.
Termination Defined. This Agreement shall automatically terminate upon the occurrence of any of the following events:
