Departure Event definition

Departure Event means the loss by an ADP 2022 holder of the status of beneficiary eligible for ADP 2022, as defined by the Board of Directors pursuant to Articles L 225-197-1 et seq. of the French Commercial Code.
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Departure Event has the meaning set forth in Section 2 of Exhibit D attached hereto.
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Departure Event means the termination of the Holder’s position with the Corporation as an employee, consultant or director, as applicable, provided such termination occurs prior to a Milestone and such termination is for cause or is voluntary on the part of the Holder.
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Examples of Departure Event in a sentence

  • In the event that Cxxxxx Xxxxxxxxx is no longer employed by Borrower on a full-time basis (a “Departure Event”), Borrower shall retain a replacement acceptable to Lender in Lender’s reasonable discretion within three (3) months of such Departure Event.

  • The Company may exercise the Repurchase Option by delivering a written notice to the Early Departing Person upon the occurrence of an Early Departure Event.

  • The Members also acknowledge that prior to a Group Departure Event of any Group Affiliate who directly or indirectly owns a Bundled Interest, such Group Affiliate must transfer or cause the transfer of such Bundled Interest to another Group Affiliate of such Member that would not be affected by or subject to the Group Departure Event.

  • If such transfer does not occur prior to the Group Departure Event, the Group Departure Event shall be deemed to be a violation of this Article VIII, and the Company shall have the remedy set forth in Section 8.3(b).

  • The Company may exercise the Company Repurchase Option in respect of an Early Departure Event within sixty (60) days after the occurrence of an Early Departure Event by delivering a written notice to the Founder Holdco.

  • If for any reason whatsoever a Group Affiliate of a Member would hereafter cease to be a Group Affiliate of such Member (a “Group Departure Event”) while it holds any part of the Bundled Interests of such Member, then the Bundled Interests held by such Group Affiliate shall be transferred to another Group Affiliate prior to the Group Departure Event.

  • This Section has been included in this Agreement to restrict an indirect transfer of Bundled Interests through a Group Departure Event (which the Members acknowledge can be avoided if they so choose) without complying with the restrictions on transfers of Bundled Interests provided in this Article VIII.

  • The remedy provided in Section 8.3(b) is deemed reasonable by the parties, because an indirect disposition of a Bundled Interest through a Group Departure Event is within the Members’ control and can be avoided.

  • In the event that the Company exercises the Company Repurchase Option, unless otherwise agreed by the Preferred Majority in writing, the Founder Holdco shall repurchase, and the Early Departing Founder shall sell, all of the Founder Holdco Restricted Shares held by the Early Departing Founder that have not yet become vested in accordance with Section 1 at the time of the Early Departure Event at a per share purchase price equal to its par value within fifteen (15) days after the Early Departure Event.

  • Begin process Idle Time Departure Event YES Start service for the unit Remove waiting unit from queue Figure 10 Mechanism when a departure event occurs When a departure event occurs, the system checks if another unit is waiting to enter the process.


More Definitions of Departure Event

Departure Event shall have the meaning set forth in Section 3.5(c).
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Related to Departure Event

  • Departure means (i) for purposes other than those specified in subdivision (ii), imposition of a sentence outside the applicable guideline range or of a sentence that is otherwise different from the guideline sentence; and (ii) for purposes of §4A1.3 (Departures Based on Inadequacy of Criminal History Category), assignment of a criminal history category other than the otherwise applicable criminal history category, in order to effect a sentence outside the applicable guideline range. "Depart" means grant a departure.

  • Departure Date means the date on which the Insured is originally scheduled to leave on his/her Trip. This date is specified in the travel documents.

  • Recapture Event means any of the following events:

  • Forfeiture Event means the occurrence of at least one of the following (a) the Corporation is required, pursuant to a determination made by the Securities and Exchange Commission or by the Audit Committee of the Board, to prepare a material accounting restatement due to the noncompliance of the Corporation with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Committee determines that (1) the Participant knowingly engaged in the misconduct, (2) the Participant was grossly negligent with respect to such misconduct or (3) the Participant knowingly or grossly negligently failed to prevent the misconduct or (b) the Committee concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Corporation.

  • Statement of Departures means Schedule C-1 to the form of Proposal attached as Schedule C.

  • the qualifying period means the period of 12 years immediately preceding the date of publication of the advertisements referred to in paragraph (A)(iv) above or of the first of the two advertisements to be published if they are published on different dates; and

  • Disadvantageous Condition has the meaning set forth in Section 2.01(d).

  • Downgrade Event means, unless otherwise specified on the Cover Sheet, for a Party means that Party’s Credit Rating falls below BBB- from S&P or Baa3 from Moody’s or becomes no longer rated by either S&P or Moody’s.

  • Covenant Relief Period means the period commencing on the Amendment No. 1 Effective Date and ending on and including December 31, 2022.

  • Covenant Period means the period of time from the date of this Agreement to the date that is two years after the Date of Termination.

  • Event of Noncompliance has the meaning set forth in the Certificate of Designation.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Scheduled Departure Date means the date on which You are originally scheduled to leave on Your Trip.

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Ratings Decline Period means the period that (i) begins on the earlier of (a) the date of the first public announcement of the occurrence of a Change of Control and (b) the occurrence of a Change of Control and (ii) ends 90 days following consummation of such Change of Control; provided that such period shall be extended for so long as the rating of the Notes, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the applicable Rating Agency.

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

  • Release Event has the meaning set forth in Section 6(b).

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • Benchmark Modification or Cessation Event means, in respect of the Benchmark any of the following has occurred or will occur:

  • Illegality Event means that:

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Below Investment Grade Ratings Event means that on any day within the 60-day period (which period shall be extended so long as the rating of the Securities is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (1) the occurrence of a Change of Control; or (2) public notice of the occurrence of a Change of Control or the intention by the Company to effect a Change of Control, the Securities are rated below Investment Grade by each of the Rating Agencies. Notwithstanding the foregoing, a Below Investment Grade Ratings Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Ratings Event for purposes of the definition of Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the ratings event).

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Pre-Qualifying Criteria means the criteria set out in clause 27.3 of this Part C.