DEEMED TERMINATED definition

DEEMED TERMINATED will mean: (i) a significant reduction of your duties, title, position or responsibilities relative to your duties, position or responsibilities in effect immediately prior to such reduction (including a material change in your reporting structure, which shall include, but not be limited to, your no longer reporting to HNC's Chief Executive Officer) that is effected without your consent or agreement; (ii) a substantial reduction, without good business reasons, of the facilities and perquisites available to you immediately prior to such reduction if such reduction is effected without your consent or agreement; (iii) a reduction of your base salary and target bonus as in effect immediately prior to such reduction if such reduction is effected without your consent or agreement (other than any such reduction that is effected on substantially a company-wide basis in order to reduce HNC's operating expenses); or
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Examples of DEEMED TERMINATED in a sentence

  • IF YOU CIRCUMVENT THE DRM SOFTWARE, THE PRODUCT WILL NOT BE ACCESSIBLE ANYMORE AND THE LICENSE GRANTED PER THIS END USER LICENSE AGREEMENT WILL BE DEEMED TERMINATED FOR MATERIAL BREACH.

  • NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, IF THIS AGREEMENT HAS NOT BEEN TERMINATED (OR DEEMED TERMINATED) PRIOR TO THE EXPIRATION OF THE FEASIBILITY PERIOD AND THIS AGREEMENT IS THEREAFTER TERMINATED BY SELLER DUE TO BUYER’S DEFAULT OF ITS OBLIGATIONS UNDER THIS AGREEMENT (A “BUYER’S DEFAULT”), SELLER SHALL BE ENTITLED TO RETAIN THE ENTIRE DEPOSIT AS SELLER’S LIQUIDATED DAMAGES.

  • THE PARTIES FURTHER AGREE THAT A FOURTH VIOLATION WITHIN FIVE YEARS OF A THIRD VIOLATION SHALL RESULT IN THIS AGREEMENT BEING DEEMED TERMINATED IMMEDIATELY AND AUTOMATICALLY, WITHOUT FURTHER NOTICE OR OTHER ACTION AND SANDICOR MAY IMMEDIATELY TERMINATE RECEIVING PARTY’S ACCESS TO THE VOW DATA.

  • IN THE EVENT TENANT FAILS TO SIGN SUCH AMENDMENT TO THIS LEASE WITHIN SAID THIRTY (30) DAY PERIOD, TIME BEING OF THE ESSENCE, THEN LANDLORD SHALL BE ENTITLED TO PROCEED TO MARKET AND/OR LEASE THE ROFO SPACE TO A THIRD PARTY FREE AND CLEAR OF SUCH RIGHT AND SUCH RIGHT SHALL BE DEEMED TERMINATED WITH RESPECT TO THE ROFO SPACE DESCRIBED IN THE NOTICE FROM LANDLORD.

  • IN THE EVENT THE REQUIREMENTS IN SECTION (a) ABOVE ARE NOT SATISFIED AND BUYER FAILS TO NOTIFY SELLER IN WRITING ON OR BEFORE THE LOAN DEADLINE THAT BUYER WAIVES THE LOAN CONTINGENCY, THE AGREEMENT WILL BE AUTOMATICALLY EXTENDED TO NOVEMBER 12,2000, PROVIDED, HOWEVER, THAT IF SELLER NOTIFIES BUYER ON OR BEFORE NOVEMBER 2,2000, THAT SELLER IS TERMINATING THE AGREEMENT, THEN THE AGREEMENT SHALL BE DEEMED TERMINATED, AND ESCROW HOLDER SHALL IMMEDIATELY RETURN THE ESCROWED FUNDS TO BUYER.

  • IN THE ABSENCE OF THE EXECUTION AND DELIVERY BY SELLER, BUYER AND TRUSTEE OF THE TRUST AND ESCROW AGREEMENT PRIOR TO THE END OF THE DUE DILIGENCE PERIOD, THIS AGREEMENT SHALL BE DEEMED TERMINATED, THE INITIAL DEPOSIT SHALL BE RETURNED TO BUYER AND SELLER AND BUYER SHALL HAVE NO FURTHER OBLIGATIONS TO EACH OTHER WITH RESPECT TO THE HOTEL PROPERTIES OTHER THAN BUYER'S INDEMNITY OBLIGATION SET FORTH IN SECTION 9.

Related to DEEMED TERMINATED

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • 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:

  • 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.