Employment Event definition

Employment Event means any of the following events, which shall be deemed to commence (i) when an Executive Officer first believes in good faith that it is more likely than not that such event will occur within the next sixty (60) days, or (ii) with respect to 5. below, when the event occurs, whichever is earlier:
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Employment Event means: (i) the termination of your employment for any reason other than Cause; (ii) a substantial reduction in the scope or nature of your responsibilities, duties, authorities, position, powers or reporting structure or relationships in effect immediately prior to a Change in Control (other than for Cause); or (iii) the Company moves your place of employment more than 50 miles from the location in effect immediately prior to a Change in Control.
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Employment Event means any of the following events, which shall be deemed to commence (i) when an executive officer of the Insured Company first believes in good faith that it is more likely than not that such event will occur within the next sixty (60) days, or (ii) with respect to 5. below, when the event occurs, whichever is earlier:
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Examples of Employment Event in a sentence

  • An Employment Event shall conclude ninety (90) days after it first commences or when the Employment Event Sublimit has been exhausted.

  • In such event, the normal expiration date shall apply to such options, provided, however, that Employee shall have 90 days to exercise such options in the event of termination following an Employment Event.

  • An Employment Event commences when the Insured Organization or any Executive Officer shall first become aware of such Employment Event.

  • All provisions of the Additional Employment Event portion of this Schedule will terminate on the earlier of (1) the closing of the IPO (except to the limited extent provided in the following sentence) or (2) December 31, 2007 (unless a Pre-IPO Sale is pending at that time, in which case the provisions of the Additional Employment Event Portion of this Schedule will continue until December 31, 2008).

  • It is agreed that (1) this provision is not conditioned on the IPO closing, (2) notwithstanding Section 2(c), Man Group plc will continue to be responsible for all payments and benefits provided for in this Additional Employment Event section until the closing of the IPO and (3) any termination of your employment in contemplation of a Pre-IPO Sale will not affect the operation of this Additional Employment Event section.

  • In the event the Employee's employment with the Company is terminated by the Employer without Cause, or for "Good Reason" by the Employee, within 24 months after "Change of Control" of Employer (an "Employment Event"), then Employer shall pay to Employee, in one lump sum, an amount equal to eighteen (18) months severance pay rather than the maximum of twelve (12) months severance pay currently provided for in the Agreement.

  • In consideration for the benefits conferred to Employee under this provision, in the absence of an Employment Event Employee agrees to continue his employment, following a "Change of Control," for a minimum period of six months.

  • In consideration for the benefits conferred to Employee under this provision, in the absence of an Employment Event Employee agrees to continue his employment, following a "Change of Control," for a minimum period of six (6) months.

  • Coverage under this Insuring Clause I.E. shall apply regardless of whether a Claim is ever made against an Insured arising from such Employment Event and, in the case where a Claim is made, regardless of whether the Employment Event Loss is incurred prior to or subsequent to the making of the Claim.

  • Notwithstanding the foregoing and if an Employment Event occurs, the immediately prior sentence shall be limited to (A) the term of Wxxxxx’ employment with the WSTF and one year after the termination thereof if such termination is “without cause” (as defined in an employment agreement between Wxxxxx and WSTF (if any)) or similar occurrence and (B) the commercial, administrative and light industrial staffing industries.


More Definitions of Employment Event

Employment Event means an allegation of, or your discovery of, a wrongful employment act committed against your residence employee that has resulted in, or you reasonably believe is likely to result in, a civil action against you or any insured, or a threat by any residence employee to disclose publicly that you or any insured committed or allegedly committed a wrongful employment act.
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Employment Event means the employment of Wxxxxx as the chief executive officer of WSTF or another position reasonably acceptable to the Company and Wxxxxx.
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Employment Event means any of the following events, which shall be deemed to commence
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Employment Event means each of the following employment events that may occur during the supply of a Vehicle:
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Related to Employment Event

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Employment Date means the first date as of which an Employee is credited with an Hour of Service, provided that, in the case of a Break in Service, the Employment Date shall be the first date thereafter as of which an Employee is credited with an Hour of Service.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Change in Control means the occurrence of any of the following events:

  • 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:

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Constructive Termination means:

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • 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.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Change of Control Termination means (i) a Termination Without Cause of the Employee’s employment by the Employer (other than for death or disability) within twelve (12) months after a Change of Control or (ii) the Employee’s resignation for Good Reason within twelve (12) months after a Change of Control.

  • Good Reason Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Company, (2) a representation or warranty made by the Company herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Company of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Company by the Dealer Manager.

  • Change of Control means the occurrence of any of the following events:

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Change in Control Date means the date on which a Change in Control occurs.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary other than a termination for Cause, or termination of employment by a Participant Employee for Good Reason.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Potential Termination Event means an event which, with the passage of time or the giving of notice, or both, would constitute a Termination Event.

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Potential Adjustment Event means any of the following:

  • Consultation Termination Event shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.