Control Termination Date definition

Control Termination Date means the date that is the earlier of (i) 60 days after Conveyance of 75% of the Units that may be created in the Community, including Units later created, to Owners other than the Declarant, (ii) two years after the last Conveyance or transfer of record of a Unit except as security for a debt, (iii) two years after any Development Right to create Units was last exercised, or (iv) the date on which Declarant records a Record terminating all rights to appoint or remove any officer or Board member of any Association or any master association or to veto or approve a proposed action of any Board or Association.
Sample 1Sample 2
Control Termination Date means the earlier of (i) the date on which the TW Partners and the MediaOne Partner cease to collectively hold the right pursuant to the LLC Agreement, Stockholders' Agreement or any successor agreements to designate a majority of the Members' Committee or Board of Directors of the Company or any successor of the Company or (ii) the date upon which a sale of all or substantially all of the assets of the Company or any successor of the Company is consummated.
Sample 1

Examples of Control Termination Date in a sentence

  • Amounts which are vested benefits or which Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with the Employer at or subsequent to a Date of Termination or Change of Control Termination Date shall be payable in accordance with such plan, policy, practice or program or such contract or agreement except as explicitly modified by this Agreement.

  • If the Executive shall not consent to change his business location, the Executive may continue to provide the services required of him hereunder from his then residence and/or business address until the Change of Control Termination Date, at which time this Agreement shall terminate, unless sooner terminated or extended as set forth herein.

  • If Executive is indebted to the Company on the effective date of a Covered Termination or Change in Control Termination Date, the Company reserves the right to offset any Severance Benefits or Change in Control Severance Benefits under this Agreement by the amount of such indebtedness, subject to the requirements of Section 409A of the Code and applicable law.

  • In the event that the Bank shall be deemed a “troubled bank” by the FDIC with the result that the payment of severance payments to Executive upon Termination of Executive’s employment shall be prohibited by federal statutes or regulations (including, but not limited to, Part 359 of the regulations of the FDIC), then the term “Restricted Period” used in Section 12 shall be deemed to be three (3) months from the Date of Termination or Change of Control Termination Date, as applicable.

  • Such awards shall remain outstanding following Executive’s Change in Control Termination Date if and to the extent necessary to give effect to this Section 6.3(a)(iv) subject to earlier termination under the terms of the equity incentive plan under which such awards were granted and the original maximum term of the award (without regard to Executive’s termination).

  • Amounts which are vested benefits or which Executive is otherwise entitled to receive under any plan, policy, practice or program of or any contract or agreement with CCBF, CCB Bank or other Subsidiary at or subsequent to a Date of Termination or Change of Control Termination Date shall be payable in accordance with such plan, policy, practice or program or such contract or agreement except as explicitly modified by this Agreement.

  • If a Change in Control occurs prior to the Employment Contract Termination Date, then the Employment Term shall continue until the earlier of the Employment Final Termination Date or the Employment Change of Control Termination Date.

  • The date on which CCBF and CCB Bank or Executive receives notice in accordance with Section 16(g) of a Change of Control Termination shall be deemed the Change of Control Termination Date.

  • Executive’s Base Salary as in effect on the Change in Control Termination Date, ignoring any decrease that forms the basis of Executive’s resignation for Good Reason, if applicable, shall be used for calculating Executive’s target annual performance bonus for purposes of the Bonus Severance Payment.

  • The date on which the Employee or Bank receives notice in accordance with Paragraph 6 of the termination of Employee’s employment or Paragraph 8(e) of a Change in Control Termination, respectively, shall be deemed the Change in Control Termination Date.

Related to Control Termination Date

  • 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”).