Adequate Justification definition

Adequate Justification must include, but is not limited to: (a) explanation of why the acquisition of goods or services is limited to one vendor or supplier; (b) description of sole vendor/supplier’s unique qualifications to provide the goods or services in question; and (c) analysis of cost(s) to demonstrate reasonableness.

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Adequate Justification means the occurrence after a Change in Control of any of the following events or conditions: (i) a material failure of the Company to comply with the terms of this Agreement; (ii) any relocation of the Executive outside the Atlanta, Georgia metropolitan area; or (iii) other than as provided for herein, the removal of the Executive from the position of Chief Executive Officer or any other substantial diminution in the Executive's authority or the Executive's responsibilities that is not approved by a majority of the members of the Board with the Executive abstaining.

Adequate Justification means the occurrence after a Change in Control of any of the following events or conditions: (i) a material failure of the Company to

Examples of Adequate Justification in a sentence

If the Executive is terminated for Cause or if the Executive resigns without Adequate Justification, then for a period of two (2) years following the date of termination, the Executive shall not (except on behalf of or with the prior written consent of the Company) either directly or indirectly, on the Executive’s own behalf or in the service or on behalf of others, serve as an officer or senior manager in any Competing Business within the States of Georgia and Florida.
If the Executive’s employment with the Company shall be terminated during the Term by the Executive for any reason other than with Adequate Justification (with the exception of termination pursuant to Section 4(a)(vii)), the Company shall pay to the Executive, within 15 days after the Termination Date, a lump sum cash payment equal to the Accrued Compensation.
The Company and the Executive agree that Sections 5 and 6 of the Employment Agreement shall remain in effect and shall be applied as if the Executive had been terminated for Cause or resigned without Adequate Justification.
If the Executive’s employment with the Company shall be terminated during the Term by the Executive for any reason other than with Adequate Justification, the Company or InterCept shall pay to the Executive, within 15 days after the Termination Date, a lump sum cash payment equal to the Accrued Compensation.
The final determination for the Company of whether the Employee terminated his employment with or without Adequate Justification shall rest with the Board of Directors of the Company, which shall act by a majority of the directors, with the Employee abstaining from the consideration of and vote on the matter if he is a director.

More Definitions of Adequate Justification

Adequate Justification means the occurrence after a Change in Control of any of the following events or conditions: (i) a material failure of the Company to comply with the terms of this Agreement; (ii) any relocation of the Executive outside the metropolitan area where the Company's principal executive office is located that is not approved by members of the Incumbent Board (as such term is defined under Section 20(j)); or (iii) other than as provided for herein, the removal of the Executive from the position of President and Chief Operating Officer or any other substantial diminution in the Executive's authority or the Executive's responsibilities that is not approved by members of the Incumbent Board.

Adequate Justification means the occurrence of any of the following events or conditions: (i) any relocation more than thirty (30) miles of Covenantor's principal office that is not approved by Covenantor; or (ii) substantial reduction in Covenantor's compensation on the date hereof that is not approved by Covenantor. Adequate Justification shall only be deemed to have occurred if not cured by the Company within ten (10) days following receipt of written notice from Covenantor which specifies with particularity the events which constitute such

Adequate Justification means that the Division has a

Adequate Justification means any of the following events or conditions: (i) a material failure of the Company to comply with the terms of this Agreement, following written notice by the Executive to the Board of such material failure, describing it in reasonable detail, and a 20 day cure period; (ii) any non-voluntary, Company-imposed relocation of the Executive outside Charleston, South Carolina; (iii) a Change in Control which results in a material diminution in the Executive’s responsibilities; or (iv) other than as provided for herein (including through the lapse of the Term), the removal of the Executive from the position of President and Chairman of the Board of Directors.

Adequate Justification means that the Division has a reasonable suspicion, based on information in its possession, that the Compact is being violated. Nothing herein shall be construed as requiring the Division to disclose the basis for its suspicion as part of the notice required under subsection 7.1.2.2.A; however, the State may disclose the basis of its suspicion if it so chooses.

Adequate Justification shall have the meanings provided in Mr. Bender's employment agreement with the Parent or Purchaser.)