Cash Termination definition

Cash Termination. Excise Tax is defined in Section 6.6(a).
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Cash Termination. Payment is defined in Section 6.6(a). Cause is defined in Section 5.3.
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Examples of Cash Termination in a sentence

  • Cash Termination Benefit: (1) Accumulated employee contributions without interest for non‐vested employees.

  • In the event that, as of any Financial Determination Date, the Excess Cash Termination Conditions shall have been satisfied, the balance of the General Reserve Fund shall be released to Borrowers and Borrowers shall have no further obligation to deposit with Lender any general reserve amount for the remaining term of the Loan, as the same may be extended in accordance with Section 2.7 hereof.

  • CTI PLAN means the Schlumberger International Cash Termination Indemnity Plan, as in effect on the Distribution Date or as thereafter amended.

  • Pardes is obligated to pay to Parent an expense reimbursement payment equal to the reasonable and documented out-of-pocket fees and expenses incurred by or on behalf of Parent or its affiliates in connection with the Transactions and the CVR Agreement up to a maximum of $1,250,000 if Parent terminates the Merger Agreement pursuant to a Minimum Cash Termination.

  • Notwithstanding Section 6(d)(ii) of the Agreement or Section 12.8 of the Equity Definitions, the payment date in respect of such Early Termination Date or Cancellation Amount to which a Cash Termination Obligation or Share Delivery Obligation applies shall be as set forth in clause (a) or clause (b) below, as applicable.

  • Rio Tinto has paid US$9.5m cash (the "Cash Termination Compensation") primarily to Savannah's wholly owned UK subsidiary in respect of the termination of the Consortium Agreement and the transfer of the in-country Savannah team to Rio Tinto (the "Transaction").

  • Repayments are proposed to be funded from the rental income from Council’s property investment portfolio.

  • Notwithstanding the fact that the Lease Termination Date occurs after August 1, 2002, the amount of the "Cash Termination Payment", as defined in Section 3.1, below, required to be paid by Tenant, shall be reduced by the amount of the August Rent Amounts.

  • Any Cash Termination Fee shall be paid no later than two (2) Business Days after the Termination Event giving rise to such Cash Termination Fee.

  • Prior to the Budgeted Cash Termination Date, the Cash Manager (after consultation with the Manager) shall, as soon as practicable after each Calculation Date, but in no event later than 12:00 pm New York City time on the fifth Business Day prior to each Payment Date, determine the then Budgeted Cash Requirement.

Related to Cash Termination

  • Normal Termination means termination of employment or service with the Company and Affiliates:

  • Company Termination Event means any of the following:

  • Event Termination Date See Section 2(e) hereof.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Event of Termination has the meaning specified in Section 7.01.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Compensation Accrued at Termination means the following:

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

  • Parent Termination Fee has the meaning set forth in Section 7.3(b).

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Constructive Termination means:

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Constructive Termination Without Cause means the termination of the Executive’s employment at his initiative after, without the Executive’s prior written consent, one or more of the following events:

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Eligible Termination means the involuntary termination of Participant’s employment without Cause, provided that at the time of such termination Participant is a Senior Officer and has completed at least ten (10) years of service as a Senior Officer.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • CIC Qualifying Termination means a Separation (A) within twelve (12) months following a Change in Control or (B) within three (3) months preceding a Change in Control (but as to part (B), only if the Separation occurs after a Potential Change in Control) resulting, in either case (A) or (B), from (i) the Company terminating the Executive’s employment for any reason other than Cause or (ii) the Executive resigning his or her employment for Good Reason. A termination or resignation due to the Executive’s death or disability shall not constitute a CIC Qualifying Termination. A “Potential Change in Control” means the date of execution of a legally binding and definitive agreement for a corporate transaction which, if consummated, would constitute the applicable Change in Control (which for the avoidance of doubt, would include, for example, a merger agreement, but not a term sheet for a merger agreement). In the case of a termination following a Potential Change in Control and before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation will be deemed the date the Change in Control is consummated.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Change of Control Termination means (i) a Termination Without Cause of the Employee’s employment by the Employer (other than for death or disability) within twelve (12) months after a Change of Control or (ii) the Employee’s resignation for Good Reason within twelve (12) months after a Change of Control.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.