Business Unit Divestiture definition

Business Unit Divestiture is Employee’s termination of Employment in connection with the consummation of a merger, reorganization, consolidation, or sale of assets, or stock or other transaction that the Committee determines is a business unit divestiture event, that involves a Subsidiary (as defined in Subparagraph 3(i)(v)(B)), joint venture, division or other business unit, and that results in a group of employees of such business unit being employed by an acquiring company and no longer having employment with Company.
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Business Unit Divestiture is the consummation during the Initial Deferral Period of a merger, reorganization, consolidation, or sale of assets, or stock or other transaction that the Committee determines is a business unit divestiture event, that involves a Subsidiary (as defined in Paragraph 3(g)), joint venture, division or other business unit and results in a group of employees of such business unit, such group including Employee being employed by the acquiring company (“Acquiring Entity”) and, under Paragraph 3(g) hereof, no longer being employed by Company.
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Business Unit Divestiture or "BUD" is Employee's termination of Employment in connection with the consummation of a merger, reorganization, consolidation, or sale of assets or stock, or any other similar transaction that the Committee determines is a business unit divestiture event, that involves a Subsidiary (as defined in Subparagraph 3(h)(v)(B)), joint venture, division or other business unit, and that results in a group of employees of such business unit being employed by an acquiring company and no longer having employment with Company.
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Examples of Business Unit Divestiture in a sentence

  • In the event of a Business Unit Divestiture or a Reduction in Force, that portion of the Option that does not Vest under this Paragraph 6(b) shall be forfeited.

  • Voluntary Termination of Employment that is not: • in connection with a "Reduction in Force" or "Business Unit Divestiture" (each defined in the Award Agreement), or • a "Retirement" (see definition below).

  • As determined in Paragraph 6(d), a pro rata portion of the non-Vested Option shall Vest upon either a “Reduction in Force” or a “Business Unit Divestiture” (each as defined in Section 6); provided, however, that no such Vesting shall occur unless at least six months have elapsed between the Grant Date and the Business Unit Divestiture or Reduction in Force.

  • The occurrence of a Business Unit Divestiture shall not cause vesting or forfeiture of the Award.

  • Information exchange between SEM organisations is essential for subsequent cooperation.

  • Employee shall promptly notify Company's Award Plan Administrator subsequent to a Business Unit Divestiture if, prior to the Vesting Date, Employee's employment with Acquiring Entity is terminated for any reason, and, until payment is made or forfeiture occurs, Employee shall keep the Award Plan Administrator apprised of Employee's residence address.

  • Business Unit Divestiture ("BUD") Pro rata vesting of all RSUs unvested as of the date of the BUD, based on the number of calendar months that have elapsed from the beginning of the performance period to the date of the BUD, but only if any level of goal achievement has occurred prior to the performance year in which the BUD occurred.

  • If a "Business Unit Divestiture" (or "BUD," as defined in Paragraph 3(i)) occurs and (A) Certification occurs for any Performance Year ending before the BUD, or (B) Certification occurs for the Performance Year in which the BUD occurred (“BUD Year”), then regardless of whether the Time Condition has been satisfied, RSUs that have not Vested by the date of the BUD shall Vest pro rata based upon the number of Performance Period months elapsed prior to the date of the BUD.

  • Original Approvals The Commission changes §807.11 by deleting the surety bond requirement as legislative changes to the statute no longer re- quire a school to obtain a surety bond.

  • Notwithstanding the forfeiture provisions of Paragraph 3(c), this Paragraph 3(d) shall apply in the event of a "Business Unit Divestiture" (as defined in Paragraph 3(h) hereof), a Change in Control or a Reduction in Force.


More Definitions of Business Unit Divestiture

Business Unit Divestiture. (or “BUD”), “Retirement” or a “Reduction in Force” (each as defined in Paragraph 3(i) and each an “Event”) occurs during the Performance Period, then neither Vesting nor forfeiture shall occur as of the date of the Event with respect to PSUs. As of the Meeting Date following the end of the Performance Period, a determination shall be made, in accordance with the Subparagraphs below, as to the number of PSUs that shall Vest on the Scheduled Vesting Date.
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Related to Business Unit Divestiture

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • Divestiture means any transaction or event that the Board specifies as a Divestiture under Section 10.5.

  • Divestiture Date means the date on which the Divestiture Assets are divested to Acquirer pursuant to this Final Judgment.

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • economic activity means putting goods or services on a market. It is not necessary to make a profit to be engaged in economic activity: if others in the market offer the same good or service, it is an economic activity.

  • MINORITY BUSINESS ENTERPRISE (MBE means an individual, partnership, corporation or joint venture of any kind that is owned and controlled by U. S. Citizens and residents of Ohio, who are and have held themselves out as members of the following socially and economically disadvantaged groups: Blacks, American Indians, Hispanics and Asians. Only businesses certified by the State of Ohio Equal Opportunity Division in accordance with Section 123.151 of the Ohio Revised Code shall be recognized as being MBE certified within the purpose of this invitation.

  • Competitive Business Activity means:

  • Net Long Position means: such shares of Common Stock Beneficially Owned, directly or indirectly, that constitute such person’s net long position as defined in Rule 14e-4 under the Exchange Act mutatis mutandis, provided that “Net Long Position” shall not include any shares as to which such person does not have the right to vote or direct the vote; and the terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited partnership, limited liability or unlimited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature.

  • Divestiture Agreement means any agreement between Respondents and an Acquirer (or a Divestiture Trustee appointed pursuant to Paragraph III of this Order and an Acquirer) and all amendments, exhibits, attachments, agreements, and schedules thereto, related to any of the Assets To Be Divested that have been approved by the Commission to accomplish the requirements of this Order. The term “Divestiture Agreement” includes, as appropriate, the Associated Food Stores Divestiture Agreement, the AWG Divestiture Agreement, the Haggen Divestiture Agreement, and the Supervalu Divestiture Agreement.

  • Active business operations means all business operations that are not inactive business operations.

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:

  • Competing Business means any business, individual, partnership, firm, corporation or other entity which wholly or in any significant part engages in any business competing with the Business in the Restricted Area. In no event will the Company or any of its affiliates be deemed a Competing Business.

  • EPS means earnings per share.

  • Peer Companies means the companies included in the Xxxxxxx 2000 on December 31, 2017. In the event of a merger, acquisition or business combination transaction of a Peer Company with or by another Peer Company, the surviving entity shall remain a Peer Company. In the event of a merger of a Peer Company with an entity that is not a Peer Company, or the acquisition or business combination transaction by or with a Peer Company, or with an entity that is not a Peer Company, in each case, where the Peer Company is the surviving entity and remains publicly traded, the surviving entity shall remain a Peer Company. In the event of a merger or acquisition or business combination transaction of a Peer Company by or with an entity that is not a Peer Company, a “going private” transaction involving a Peer Company or the liquidation of a Peer Company, where the Peer Company is not the surviving entity or is otherwise no longer publicly traded, the company shall no longer be a Peer Company. In the event of a bankruptcy of a Peer Company, such company shall remain a Peer Company.

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Primary sector business means an individual, corporation, limited liability company,

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • Key Managerial Personnel (KMP) means Key Managerial Personnel as defined in sub-section (51) of section 2 of the Companies Act, 2013 i.e.-

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;

  • Peer Group Companies means the following companies: .

  • Disposable earnings means that part of the earnings of an

  • Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.