Bad Leaver Event shall have the meaning as described in Section 5.1.
Bad Leaver Event. : means the termination of the Professional Relationship between a Participant and a Group Company due to any of the reasons described in Article 6.2 of this Plan;
Bad Leaver Event means the termination of the employment of any Manager with the Company or its Affiliate:
Examples of Bad Leaver Event in a sentence
Participants who (are required to) leave Pharming due to a Bad Leaver Event will forfeit any Conditional Rights immediately upon the date of their resignation.
If there is a dispute as to whether such departure is a Good Leaver Event or Bad Leaver Event, such disputes shall be resolved in accordance with Section 9.10.
Participants who (are required to) leave Pharming due to a Bad Leaver Event will forfeit any unvested Options immediately upon the date of their resignation.
EnforcementTRUST between citizens • Despite the mutual trust that citizens show on a daily basis in a functioning society, each citizen must rely on government in the end to enforce the basic social agreement in a way that is fair to them.• So trust between citizens is an issue that government can helpsolve.• But this sets up a new problem: Trust in government.
Mr Lowe will forfeit the deferred bonus if his employment terminates prior to the first anniversary date due to a Bad Leaver Event.
More Definitions of Bad Leaver Event
Bad Leaver Event means, with respect to a Key Person, any of the following actions occurring during such Key Person’s term of employment with the Corporation or any Component Entity: (i) a conviction or plea of guilty or no contest for any felony or misdemeanor, which the iStar Representative and the BREDS Representative reasonably conclude brings the Key Person into disrepute or is likely to cause material harm to the Corporation (not including violations of routine vehicular laws); (ii) the Key Person’s indictment for any felony or misdemeanor involving moral turpitude (which the Board reasonably concludes brings the Key Person into disrepute or is likely to cause material harm to the Corporation or any Component Entity), if such indictment is not discharged or otherwise resolved within 18 months; (iii) the Key Person’s commission of an act of fraud, theft, dishonesty or breach of fiduciary duty related to the Corporation or any Component Entity or the performance of the Key Person’s duties; or (iv) the continuing failure or habitual neglect by the Key Person to perform the Key Person’s duties, except that, if such failure or neglect is curable, the Key Person shall have 30 days from his or her receipt of a written notice from either the iStar Representative or the BREDS Representative of such failure or neglect to cure such condition, and if the Key Person does so to the reasonable, but sole, satisfaction of the iStar Representative and the BREDS Representative (such cure opportunity being available only once), then such failure or neglect shall not constitute a Bad Leaver Event hereunder.
Bad Leaver Event means a notice of termination or termination with immediate effect of the relationship between a Shareholder and the Company at the initiative of the Company due to: voluntary resignation of the Shareholder (except for death or permanent inability of the Shareholder to perform his duties to health reasons); or material breach of the Shareholder’s obligations under this Agreement; or material breach of the Shareholder’s obligations under the employment or service agreement concluded with the Shareholder; or the Shareholder has caused material damage to the Company.
Bad Leaver Event means the termination of a Key Employee for Cause or the resignation of a Key Employee without Good Reason. “Bill of Sale” means that certain Bill of Sale and Assignment and Assumption Agreement by and between Seller and Buyer in the form ofExhibit C being executed and delivered concurrently herewith.
Bad Leaver Event means the termination of a Key Employee for Cause or the resignation of a Key Employee without Good Reason.
Bad Leaver Event means a Work Termination where the employment agreement is terminated for reasons for which the Employee is responsible. The Employee shall be regarded as responsible for any termination initiated by the Company which is based on (a) good cause (wichtiger Grund) on the part of the Company or (b) person-related or conduct-related reasons (Kündigung aus personen- oder verhaltensbedingten Gründen) according to German labour law.
Bad Leaver Event means, with respect to a Key Person, any of the following actions occurring during such Key Person’s term of employment with the General Partner or any Component Entity: (i) a conviction or plea of guilty or no contest for any felony or misdemeanor, which the iStar Representative and the BREDS Representative reasonably conclude brings the Key Person into disrepute or is likely to cause material harm to the General Partner (not including violations of routine vehicular laws); (ii) the Key Person’s indictment for any felony or misdemeanor involving moral turpitude (which the Board of Directors reasonably concludes brings the Key Person into disrepute or is likely to cause material harm to the General Partner or any Component Entity), if such indictment is not discharged or otherwise resolved within 18 months; (iii) the Key Person’s commission of an act of fraud, theft, dishonesty or breach of fiduciary duty related to the General Partner or any Component Entity or the performance of the Key Person’s duties; or (iv) the continuing failure or habitual neglect by the Key Person to perform the Key Person’s duties, except that, if such failure or neglect is curable, the Key Person shall have 30 days from his or her receipt of a written notice from either the iStar Representative or the BREDS Representative of such failure or neglect to cure such condition, and if the Key Person does so to the reasonable, but sole, satisfaction of the iStar Representative and the BREDS Representative (such cure opportunity being available only once), then such failure or neglect shall not constitute a Bad Leaver Event hereunder.