Voluntary Terminations. A worker must work four (4) hours or until noon whichever is later, to be entitled to subsistence for the day. HEADQUARTERS
Voluntary Terminations. A worker must work four (4) hours or until noon whichever is later, to be entitled to subsistence for the day. Or who are not allowed to work, upon the decision of the employer. The Company shall pay for reasonable lodging for all classifications when working more than 100 miles from their yard with no more than two people per room and one person per bed. On an emergency, declared by the Customer, the Employer shall provide meals and lodging to employees after sixteen (16) hours worked.
Voluntary Terminations. If executive voluntarily terminates his employment with the Company, other than a voluntary termination for Good Reason (as defined in section 9.e) or a voluntary termination for Good Reason Outside of a Change of Control, then Executive will (i) receive the base salary through the date of termination of employment and (ii) not be entitled to any other compensation or benefits (including, without limitation, accelerated vesting of stock options) from the Company except to the extent provided under the applicable stock option agreements(s) or as may be required by law (for example, “COBRA” coverage under Section 4980B of the Code). All payments and benefits will be subject to applicable withholding taxes.
Voluntary Terminations. The Company shall have the right at any time and from time to time, upon 1 Business Day prior notice to the Lender, to terminate without premium or penalty and in whole or in part (but if in part, then in an aggregate amount not less than $1,000,000 or such greater amount which is an integral multiple of $1,000,000) the Revolving Credit Commitment, provided that the Revolving Credit Commitment may not be reduced to an amount less than the aggregate principal amount of the Revolving Credit Loans and Letters of Credit then outstanding. Any termination of the Revolving Credit Commitment pursuant to this Section may not be reinstated.
Voluntary Terminations. The Borrowers shall have the right at any time and from time to time, upon five (5) Business Days prior written notice to the Agent (or such shorter period of time agreed to by the Agent), to terminate the Aggregate Revolving Commitments without premium or penalty and in whole or in part, any partial termination to be in an amount not less than $5,000,000, provided that the Aggregate Revolving Commitments may not be reduced to an amount less than the sum of the Revolving Credit Exposure for all Lenders then outstanding. Any termination of the Aggregate Revolving Commitments below any Sublimit then in effect shall reduce such Sublimit by a like amount. The Agent shall give prompt notice to each Lender of any such termination of the Aggregate Revolving Commitments.
Voluntary Terminations. The Employer shall invite Employees to apply for consideration for a voluntary termination incentive program and shall have the right to accept or reject any individual Employee’s application. Employees may apply for the voluntary termination incentive during a 30-day period beginning with the Employer’s announcement to Employees, with a copy to the Guild, of the program. The Employer may condition an Employee’s acceptance of a termination incentive payment on the Employee’s signing a separation agreement and general release in a form acceptable to the Employer. To the extent any Employees voluntarily terminate their employment in accordance with the terms of a separation agreement and general release, the number of Employees set forth in subsection (l)(1) above to be terminated will be reduced. To the extent the Employer’s reduction goals are not met through the foregoing voluntary terminations, the Employer may then implement involuntary terminations as set forth below.
Voluntary Terminations. The Company shall have the privilege upon 1 Business Day prior notice to the Agent (which shall promptly notify the Lenders) to ratably terminate the Revolving Credit Commitments and/or the Term Loan Commitments in whole or in part (but if in part then in the amount of $5,000,000 or such greater amount which is an integral multiple of $1,000,000). No partial terminations of the Revolving Credit Commitments may be made below the L/C Commitment then in effect, unless the L/C Commitment is concurrently reduced by a like amount. Not later than the termination date stated in such notice, there shall be made such payments to the Agent as may be necessary to reduce the sum of the aggregate outstanding principal amount of the relevant Loans to the amount to which the relevant Commitments have been reduced, together with (x) any amount due the Lenders under Section 2.8 hereof and (y) in the case of a termination in whole, all interest, fees and other amounts due on the Obligations. The foregoing to the contrary notwithstanding, (i) no termination of the Revolving Credit Commitment may be effected hereunder if as a result thereof the outstanding aggregate amount of L/C Obligations would exceed the L/C Commitment as reduced by such termination and (ii) the relevant Commitments may not be terminated below $10,000,000 except concurrently with their termination in whole. No termination of the Commitments may be reinstated.
Voluntary Terminations. If executive voluntarily terminates his employment with the Company, other than a voluntary termination for Good Reason (as defined in section 8(f)) on or within twenty-four months following a Change of Control, men Executive will (i) receive his Base Salary through the date of termination of employment and (ii) not be entitled to any other compensation or benefits (including, without limitation, accelerated vesting of stock options or other equity compensation awards) from the Company except as may be required by law (for example, “COBRA” coverage under Section 4980B of the Code). All payments and benefits will be subject to applicable withholding taxes.
Voluntary Terminations. The Borrowers shall have the privilege at any time, upon five (5) Business Days' prior written joint notice to the Agent (which shall promptly notify the Lenders) to ratably terminate the Commitments in whole or in part (but if in part then in a minimum amount of $1,000,000 or an integral multiple thereof). Not later than the termination date stated in such notice, there shall be made such payments to the Agent as may be necessary to reduce the sum of the aggregate outstanding principal amounts of the Notes to the amount to which the Commitments have been reduced, together with (x) any amount due under Section 2.8 hereof and (y) in the case of a termination in whole, all interest, fees and other amounts due on the Obligations. No termination of the Commitments may be reinstated.
Voluntary Terminations. The Borrower shall have the right at any time and from time to time upon not less than five Business Days prior notice to the Administrative Agent (which shall promptly notify the Lenders) to terminate the Commitments in whole or in part (but if in part then in a minimum amount of $5,000,000 or such lesser amount as will terminate the Commitments in full). No termination of the Commitments hereunder (whether voluntary or required) may be reinstated.
