18-Month Anniversary definition
Examples of 18-Month Anniversary in a sentence
If an employee who holds a Section Head or other similar position is bumped on the basis of seniority, the more senior employee who does the bumping will not necessarily become the Section Head.
If a Buyer Indemnitee has not timely delivered a Claim Notice pursuant to Section 7.05 on or prior to the date that is eighteen (18) months after the Closing Date (the “18-Month Anniversary”), the remainder of the Holdback Amount shall be paid to Seller Parties’ Representative within ten (10) Business Days of the 18-Month Anniversary.
If any claim related to a Claim Notice properly timely pursuant to Section 7.05 remains outstanding after the 18-Month Anniversary, upon any resolution of such pending claim, then such amount of the Holdback Amount held related to the then resolved claim less the amount of such resolution validly due to a Buyer Indemnitee, shall be disbursed to the Seller Parties’ Representative within ten (10) Business Days of the final determination of the underlying claim.
In the event that a Buyer Indemnitee elects to exercise a right of set-off under this Section 8.4 (the “Electing Buyer”), such Electing Buyer shall deliver a written notice to the Seller specifying the amount thereof prior to the 12-Month Anniversary Date or 18-Month Anniversary Date, as applicable.
For purposes hereof, the “Measurement Period” shall be the period from the Closing Date until the earlier of (i) the date that is 18-months following the Closing Date (the “18-Month Anniversary”) and (ii) if the vacations business of the Company Entities is sold by Purchaser to a third party (other than an affiliate of Purchaser) prior to the 18-Month Anniversary, the date on which the closing of such sale occurs (such date, the “Vacations Sale Closing Date”).