D&O Release definition

D&O Release is defined in Section 3.2(f).
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D&O Release means the release given on behalf of the Debtors and their Estates to (a) Mike McGovern, (b) Gary Pittman, (c) Mark Doran, and (d) Steve Bate as set forth in ArticleVIII.C or Article VIII.D of the Plan, which release shall include such directors, managers, and officers in their capacity as directors, managers, and officers of any Debtor or of any Debtor’s direct or indirect subsidiaries, including foreign subsidiaries.
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D&O Release means a release reasonably satisfactory to Parent whereby the releasor, effective as of the Closing, unconditionally and irrevocably releases and discharges the Company and its Subsidiaries, the Surviving Company and Parent and its Subsidiaries from any and all claims, demands, suits, actions, causes of action, Contracts, debts, sums of money, commissions, damages and rights whatsoever at law or in equity, now existing or which may hereafter accrue in favor of such releasor against the Company or its Subsidiaries, the Surviving Company or Parent or its Subsidiaries relating to, arising out of or in connection with any facts or circumstances relating to the Company or any of its Subsidiaries which existed on or prior to the Closing Date, whether known or unknown to such director of officer.
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Examples of D&O Release in a sentence

  • The D&O Release is instrumental to the D&O Settlement and the Plan and was critical in incentivizing the D&O Carriers to enter into the D&O Settlement and avoiding potentially significant and time-consuming litigation of Settled Insured Claims settled by the D&O Settlement.

  • In light of, among other things, the value provided by the D&O Carriers to the Debtors’ Estates and the critical nature of the D&O Release to the Plan, the D&O Release is approved.

  • As such, the D&O Release appropriately offers certain protections to parties who constructively participated in the Debtors’ restructuring process by supporting the Plan through the Settlements.

  • The D&O Release was a core negotiation point in connection with the D&O Settlement and instrumental in developing the Plan in a manner that maximized value for all of the Debtors’ creditors and kept the Debtors intact as a going concern.

  • The scope of the D&O Release is appropriately tailored under the facts and circumstances of the Chapter 11 Cases, and parties received due and adequate notice of the D&O Release.

  • D.O.: Release from the terms of the March 9, 2016 Consent Agreement.

  • If the Committee objects to the D&O Release and the D&O Release is not approved with respect to any individual director, manager, or officer of a Debtor or of an Affiliate, the D&O Claims against any such individual directors, managers, or officers shall not be Released Claims on the Effective Date, and the D&O Claims against any such individuals shall constitute Plan Administrator GUC Assets.

  • The appropriate authorizing document for the Contract will be Master Agreement (MA), Delivery Order (DO) Release, and Program Manager Approval.

  • Release to practice/compete following an injury: Any athlete who has sustained an injury must be released to return to competition or practice by his/her M.D. or D.O. Release by the M.D. or D.O. must be delivered in writing to the Athletic Director.Athlete’s Responsibility: It is the responsibility of the athlete to follow the instructions of his/her physician with regard to an injury; it is also his/her own responsibility to follow up with treatment of any injury.

  • In the event that any member of the board of directors of OMA (other than a Resigning D&O) resigns or is removed from his or her position on or prior to the next annual shareholders meeting of OMA, the Purchaser shall, in its capacity as a shareholder, cause the Acquired Companies to vote their shares to discharge and release any such member of the board substantially in the same terms of the Resigning D&O Release.


More Definitions of D&O Release

D&O Release has the meaning set forth in Section 6.06(b).
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D&O Release shall have the meaning set forth in Section 5.17(b).
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D&O Release means the release, substantially in the form attached hereto as Exhibit H-2.
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Related to D&O Release

  • New Release means a partial or complete replacement of the executable code of the Software in machine-readable form, which may provide new features or functions. A New Release may incorporate some or no enhancements. A New Release involves only such alterations that change the release number to the immediate right of the decimal point. Changes to the release number are made solely at the discretion of the Licensor.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Work release means a program of partial confinement

  • Current Release means the latest version of the Software offered for general commercial distribution at a given point in time, including all New Releases.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • SHIPPING RELEASE means the document issued by the inspector or the inspection agency nominated by the Purchaser authorising the Contractor to ship the Stores on satisfactory completion of inspection.

  • General Release has the meaning stated in Section 6.03.

  • Conditional release means a revocable modification of a

  • Release means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil, surface water or groundwater.

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Threat of Release means a substantial likelihood of a Release that requires action to prevent or mitigate damage to the Environment that may result from such Release.

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Threatened Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release.

  • Earned release means earned release from confinement as

  • Major Release means a major update or upgrade to the Software, which includes significant enhancements and/or a major redesign of the Software, identified by Bosch by a change to the first digit in the release number (e.g. change from version 2.0 to 3.0).

  • Minor Release means an incremental release of Software that provides maintenance fixes and additional Software functions. Cisco designates Minor releases as a change in the tenths digit of the Software version number [x.(x).x].

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Debtor Release means the release given on behalf of the Debtors and their Estates to the Released Parties as set forth in Article VIII.D of the Plan.

  • Maintenance Release means any update, upgrade, release or other adaptation or modification of the Software, including any updated Documentation, that Contractor may generally provide to its licensees from time to time during the Term, which may contain, among other things, error corrections, enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance, efficiency or quality of the Software.

  • Proof of Claim and Release means the Proof of Claim and Release form for submitting a Claim, which, subject to approval of the Court, shall be substantially in the form attached hereto as Exhibit A-2, that a Class Member must complete and submit should that Class Member seek to share in a distribution of the Net Settlement Fund.

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Accidental release means an unanticipated emission of a regulated substance or other extremely hazardous substance into the ambient air from a stationary source.

  • Third-Party Release means the release given by each of the Releasing Parties to the Released Parties as set forth in Article VIII.E of the Plan.

  • Release Deadline means the deadline prescribed by Employer for the execution of the general release described in this paragraph (d)(2) of Section 7, which deadline shall in no event be later than 60 days following the date Executive’s employment terminates;

  • Release Notice has the meaning specified in Section 11.19(b).