Designated Period means a period following the termination of the Employee’s employment hereunder equal to the longer of (a) twelve (12) months and (b) the Severance Period. If at any time the provisions of this §9 shall be determined to be invalid or unenforceable, by reason of being vague or unreasonable as to area, duration or scope of activity, this §9 shall be considered divisible and shall become and be immediately amended to only such area, duration and scope of activity as shall be determined to be reasonable and enforceable by the court or other body having jurisdiction over the matter; and the Employee agrees that this §9 as so amended shall be valid and binding as though any invalid or unenforceable provision had not been included herein.
Designated Period means eighteen (18) months. The Employee acknowledges that the provisions of this §9 are essential to protect the business and goodwill of the Companies. The Employee will continue to be bound by the provisions of this §9 until their expiration and shall not be entitled to any compensation from the Employer with respect thereto except as provided above. If at any time the provisions of this §9 shall be determined to be invalid or unenforceable by reason of being vague or unreasonable as to area, duration or scope of activity, this §9 shall be considered divisible and shall become and be immediately amended to only such area, duration and scope of activity as shall be determined to be reasonable and enforceable by the court or other body having jurisdiction over the matter; and the Employee agrees that this §9 as so amended shall be valid and binding as though any invalid or unenforceable provision had not been included herein. The Employee hereby acknowledges that he has agreed to be bound by the provisions of this §9 in consideration for the compensation, severance and other benefits to be provided by the Employer to the Employee pursuant to the terms of this Agreement.
Designated Period means one year, the term “Designated Territory” shall mean any state in which Employer and its subsidiaries have in the aggregate at least 500 customers at the time of Employee’s termination and the term “Interface Company” shall mean any affiliate or subsidiary of Holdings. The Employee acknowledges that the provisions of this Section 9 are essential to protect the business and goodwill of the Employer. The Employee will continue to be bound by the provisions of this Section 9 until their expiration and shall not be entitled to any compensation from the Employer with respect thereto except as provided above. If at any time the provisions of this Section 9 shall be determined to be invalid or unenforceable by reason of being vague or unreasonable as to area, duration or scope of activity, this Section 9 shall be considered divisible and shall become and be immediately amended to only such area, duration and scope of activity as shall be determined to be reasonable and enforceable by the court or other body having jurisdiction over the matter; and the Employee agrees that this Section 9 as so amended shall be valid and binding as though any invalid or unenforceable provision had not been included herein.
Examples of Designated Period in a sentence
Option I: Payouts for a Designated Period: Payouts will be made in 1, 2, 4 or 12 installments per year as elected for a designated period, which may be 5 to 30 years.
Option II: Life Income with Payouts Guaranteed for a Designated Period: payouts will be made in 1, 2, 4 or 12 installments per year throughout the payee's lifetime, or if longer, for a period of 5, 10, 15, or 20 years as elected.
If Company does not take any of the foregoing actions within the Designated Period, Executive may terminate his or her employment with Company during the fourteen-day period following the expiration of the Designated Period.
If, during the Designated Period, Company determines that (1) such event does not exist or (2) Company has cured such event pursuant to clause (A) of the preceding sentence, then (x) Executive will not be entitled to rely on or assert such event as a basis for a Qualifying Termination, and (y) if Executive disagrees with Company’s determination, Executive may file a claim pursuant to Article III within thirty (30) days after Executive’s receipt of written notice of Company’s determination.
Any determination that Target Shares have been earned with respect to the First Designated Period or the Second Designated Period as described below is sometimes referred to as the “Final Award” with respect to such Designated Period, and the Target Shares to be issued with respect to such Designated Period are sometimes referred to as the “Shares”.
More Definitions of Designated Period
Designated Period means, with respect to a Libor Advance or a BA Advance, a period designated by the Borrower in accordance with Sections 4.2, 6.1 and 6.4, respectively;
Designated Period means, with respect to a Libor Advance or a BA Advance, a period designated by the Borrower in accordance with, as applicable, Sections 3.3, 5.1 and 5.4;
Designated Period means (A) if the Transactions are consummated, from the date of this Agreement until the Offer Closing Date; and (B) if the Offer is terminated or withdrawn or this Agreement is terminated pursuant to Article VII hereof, from the date of this Agreement until the twelve (12) month anniversary following such termination or withdrawal; provided, however, that the Designated Period shall end earlier (1) with respect to all GFI employees, upon the closing of any transaction involving GFI whereby at least a majority of all then outstanding Shares on a fully diluted basis is purchased or acquired by a party other than BGC or its Affiliates, (2) with respect to any employees of the IDB Business, upon the closing of any transaction involving the sale of a majority of the assets of the IDB Business to a party other than BGC or its Affiliates, (3) with respect to any employees of the Trayport Business, upon the closing of any transaction involving the sale of a majority of the assets of the Trayport Business to a party other than BGC or its Affiliates and (4) with respect to any employees of the FENICS Business, upon the closing of any transaction involving the sale of a majority of the assets of the FENICS Business to a party other than BGC or its Affiliates.
Designated Period means the time period from a redemption date for the Junior Subordinated Notes to January 30, 2015.
Designated Period means, with respect to a Term SOFR Advance or a BA Advance, a period designated by the Borrower in accordance with Sections 4.11, 6.1 and 6.4.
Designated Period means (i) in all cases other than as set forth in clause (ii) below, two (2) years and (ii) in the case the Employee's employment is terminated pursuant to Section 3 in connection with the expiration of the Initial Term or any subsequent term hereunder, one (1) year. The Employee acknowledges that the provisions of this Section 9 are essential to protect the business and goodwill of the Companies. The Employee will continue to be bound by the provisions of this Section 9 until their expiration and shall not be entitled to any compensation from the Employer with respect thereto except as provided above. If at any time the provisions of this Section 9 shall be determined to be invalid or unenforceable by reason of being vague or unreasonable as to area, duration or scope of activity, this Section 9 shall be considered divisible and shall become and be immediately amended to only such area, duration and scope of activity as shall be determined to be reasonable and enforceable by the court or other body having jurisdiction over the matter; and the Employee agrees that this Section 9 as so amended shall be valid and binding as though any invalid or unenforceable provision had not been included herein. The Employee hereby acknowledges that he has agreed to be bound by the provisions of this Section 9 in consideration for the compensation, severance and other benefits to be provided by the Employer to the Employee pursuant to the terms of this Agreement.
Designated Period means (x) with respect to the obligations of BGCP and its Affiliates under clause (i) of this Section 5.2(b), from the date of this Agreement until the earliest to occur of (1) the Offer Closing Date, (2) the time that the GFI Board effects a Change in Recommendation and (3) the termination of this Agreement in accordance with its terms; and (y) with respect to the obligations of GFI and its Affiliates obligations under clause (ii) of this Section 5.2(b), from the date of this Agreement until the earlier of (1) the Offer Closing Date and (2) the termination of this Agreement in accordance with its terms.