Executive Cure Period definition

Executive Cure Period has the meaning set forth in Section 16.3;
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Executive Cure Period means the following period after receipt by Executive of notice that a specified act or omission by the Executive will, if not cured within the Executive Cure Period, constitute “Cause” under this Agreement: such time as would be required for a reasonable person to cure such act or omission, but in no event more than fifteen (15) business days.
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Examples of Executive Cure Period in a sentence

  • If (i) the Event of Default is not cured within the Executive Cure Period, or (ii) the members of the Executive Council have not mutually agreed, in writing, to a plan to cure such Event of Default, then the non-defaulting Party may terminate the MSA at the date specified in the Notice of Default.

  • In each such case of Cause that is curable, the Company shall provide the Executive with written notice of the grounds for a Cause termination within ninety (90) days of the initial occurrence thereof, and the Executive shall have a period of thirty (30) days to cure after receipt of the written notice (the "Executive Cure Period").

  • If the alleged Cause event has not been cured at the end of the Executive Cure Period, the Company's termination of employment for Cause will be effective on the first business day following the last day of the Executive Cure Period.

  • Termination by the Company following the Executive's cure or before the expiration of the Executive Cure Period, provided that such event is curable, shall constitute a termination without Cause.

  • During the Executive Cure Period, any payments due in accordance with Paragraph 3(a) above shall be suspended.

  • Upon the expiration of the Executive Cure Period, the Company shall have a period of ten (10) days to then provide Executive with written notice of Executive’s ongoing breach and failure to cure such breach, or alternatively that Executive’s breach has been cured, at which time the Company shall resume the payment of the Separation Consideration, including making a catch-up payment of all payments suspended during the Executive Cure Period.

  • Except where the Executive Cure Period is inapplicable, termination of the Executive following the Executive’s cure or before the expiration of the Executive Cure Period shall constitute a termination without Cause and not a termination for Cause.

  • If the alleged Cause event has not been cured at the end of any applicable Executive Cure Period, the Company’s termination of employment for Cause will be effective on the first business day following the last day of the Executive Cure Period.

Related to Executive Cure Period

  • Initial Cure Period As defined in Section 2.03(b).

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Continuous period of creditable coverage means the period during which an individual was covered by creditable coverage, if during the period of the coverage the individual had no breaks in coverage greater than sixty-three (63) days.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Company Cure Period has the meaning specified in Section 10.01(b).

  • Revolving Loan Commitment Termination Date means the earliest of

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Termination Date means the earlier to occur of:

  • Executive Board means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the commission.

  • Availability Termination Date means, as to either Borrower, the earliest of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Streamline Period is, on and after the Effective Date, provided no Event of Default has occurred and is continuing, the period (a) commencing on the first day of the month following the day that Co-Borrowers provide to Bank a written report that Co-Borrowers have, for each consecutive day in the immediately preceding month maintained Net Cash, as determined by Bank in its discretion, in an amount at all times greater than Twelve Million Dollars ($12,000,000) (the “Streamline Balance”); and (b) terminating on the earlier to occur of (i) the occurrence of an Event of Default, and (ii) the first day thereafter in which Co-Borrowers fail to maintain the Streamline Balance, as determined by Bank in its discretion. Upon the termination of a Streamline Period, Co-Borrowers must maintain the Streamline Balance each consecutive day for one (1) fiscal quarter as determined by Bank in its discretion, prior to entering into a subsequent Streamline Period. Co-Borrowers shall give Bank prior written notice of Co-Borrowers’ election to enter into any such Streamline Period, and each such Streamline Period shall commence on the first day of the monthly period following the date Bank determines, in its reasonable discretion, that the Streamline Balance has been achieved.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Executive Chairman means the Executive Chairman of the Board.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Employment Term has the meaning specified in Section 2.

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).