Extraordinary Termination definition

Extraordinary Termination means a termination of the ------------------------- Grantee's employment with the Company and the Subsidiaries by reason of the Grantee's death, Disability or Retirement.
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Extraordinary Termination means a termination of a Participant's employment with the Company and the Subsidiaries by reason of the Participant's death, Permanent Disability or Retirement.
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Extraordinary Termination means (i) termination by the Company of the employment of Executive with the Company for any reason other than as set forth in Section 8 hereof, within three years after a Control Transaction, or (ii) resignation of Executive upon the occurrence of any of the following events within two years after a Control Transaction: (1) an assignment to Executive of any duties inconsistent with, or a significant change in the nature or scope of Executive's authority or duties from, those held by Executive immediately prior to the Control Transaction; (2) a reduction in Executive's annual salary or bonus program in effect immediately prior to the Control Transaction; (3) the relocation of Executive's place of employment to a location outside of the 00 xxxxxxxxxx xxxxxx xx xxx Xxxxxx Xxxxxx; (4) during the 2000 Agreement Term, the failure by the Company to provide Executive with a reasonable number of paid vacation days at least equal to the number of paid vacation days to which he was entitled in the last full calendar year prior to the Control Transaction; (5) the failure of the Company to provide Executive with substantially the same fringe benefits that were provided to him immediately prior to the Control Transaction, or with a package of fringe benefits that, though one or more of such benefits may vary from those in effect immediately prior to the Control Transaction, is substantially at least as beneficial to Executive in all material respects to such fringe benefits taken as a whole; or (6) the failure of the Company to obtain the express written assumption of and agreement to perform this 2000 Agreement by any successor as and to the extent required by Section 12 of this 2000 Agreement.
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Examples of Extraordinary Termination in a sentence

  • If an Extraordinary Termination Event occurs the Issuer may terminate the Securities and redeem them at the Early Termination Amount.

  • The Extraordinary Termination Notice shall designate an Exchange Business Day as per which the extraordinary termination shall become effective (the "Extraordinary Termination Date") in accordance with the following provisions.

  • The termination shall become effective at the time notice is given in accordance with section 12 ("Extraordinary Termination Date").

  • In this event, the Term of the Securities shall end on the Extraordinary Termination Date.In the event of extraordinary termination, the Issuer shall pay to each Security Holder within five Business Days following the Termination Date an amount for each Security (the "Termination Amount") determined by the Issuer or the Calculation Agent in its reasonable discretion (for Securities subject to German law, sec- tions 315, 317 BGB) as the appropriate market price of a Security.

  • The Issuer shall pay the Extraordinary Termination Amount to the Securityholders not later than on the tenth Payment Business Day following the Extraordinary Termination Date.

  • Such Extraordinary Termination Date shall be not later than seven Payment Business Days following the publication of the Extraordinary Termination Notice.5. If the Securities are called for redemption, they shall be redeemed at an amount per Security that is equivalent to their fair market value minus any expenses actually incurred by the Issuer under transactions that were required for winding up the Hedging Transactions (the "Extraordinary Termination Amount").

  • Their return will depend on the performance of the Underlying which will be reflected by the Cash Amount payable in relation to each Security on the relevant Maturity Date (unless there has been an early repayment due to an Event of Default or an Extraordinary Termination Event (e.g. the Issuer loses its current status as “qualified derivatives dealer” for U.S. tax purposes or the Swap Counterparty defaults - as further set out in the Terms and Conditions).

  • Their return will depend on the performance of the Underlying which will be reflected by the Cash Amount payable in relation to each Security on the relevant Maturity Date (unless there has been an early repayment due to an Event of Default or an Extraordinary Termination Event (e.g. the Issuer loses its current status as “qualified derivatives dealer” for U.S. tax purposes or the Swap Counterparty defaults - as further set out in the Conditions).

  • However, the Securityholder is not entitled to request any further payments on the Securities after the Extraordinary Termination Date.

  • The termination shall become effective at the time notice is given in accordance with Section 12 ("Extraordinary Termination Date").


More Definitions of Extraordinary Termination

Extraordinary Termination means a termination of a Participant’s employment with the Company and the Subsidiaries by reason of the Participant’s death, Permanent Disability or Retirement.
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Extraordinary Termination means a termination of this Agreement for reasons other than on the Expiry Date;
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Extraordinary Termination means (i) termination by the Company of the employment of Employee with the Company, or termination of the retention of Employee as a consultant, or in either case for any reason other than as set forth in Section 8 hereof, within three years after a Control Transaction, or (ii) resignation of Employee upon the occurrence of any of the following events within three years after a Control Transaction: (A) an assignment to Employee of any duties inconsistent with, or a significant change in the nature or scope of Employee's authority or duties from, those held by Employee immediately prior to the Control Transaction; (B) a reduction in Employee's annual salary, consulting payment or incentive compensation opportunities, as in effect immediately prior to the Control Transaction or as the same may be increased thereafter; (C) a relocation of the site of employment of Employee (or the site to which Employee regularly reports to work as a consultant) more than 15 miles from his site of employment or work at the time of the Control Transaction, or, if Employee consents to his relocation, the failure of the Company to pay (or promptly fully reimburse him for) all reasonable moving expenses incurred by him relating to a change of his principal residence in connection with such relocation and to indemnify him against any loss realized in the sale of his principal residence in connection with any change of residence; (D) during the Employment Term, the failure by the Company to provide Employee with a reasonable number of paid vacation days at least equal to the number of paid vacation days to which he was entitled in the last full calendar year prior to the Control Transaction; (E) the failure of the Company to provide Employee with substantially the same fringe benefits that were provided to him immediately prior to the Control Transaction, or with a package of fringe benefits that, though one or more of such benefits may vary from those in effect immediately prior to the Control Transaction, is substantially at least as beneficial to Employee in all material respects to such fringe benefits taken as a whole; or (F) the failure of the Company to obtain the express written assumption of and agreement to perform this Agreement by any successor as and to the extent required by Section 12 of this Agreement.
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Extraordinary Termination means, unless otherwise provided in the Option Agreement, a termination of a Participant's employment with a member of the CDRJ Group by reason of the Participant's death, Disability or Retirement.
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Extraordinary Termination means a termination of this Concession Agreement other than on the Expiry Date in accordance with Article 18 (3);
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Extraordinary Termination means a termination of the ------------------------- Grantee's employment with the CDRJ Group by reason of the Grantee's death, Disability or Retirement, by the CDRJ Group other than for Cause or by the Grantee for Good Reason.
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Related to Extraordinary Termination

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

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

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Constructive Termination means:

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

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

  • 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.

  • 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.

  • Constructive Termination Without Cause means a termination of the Executive's employment at his initiative as provided in this Section 10(c) following the occurrence, without the Executive's written consent, of one or more of the following events (except as a result of a prior termination):

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • 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.

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • Anticipatory Termination means a termination of employment where PNC terminates your employment with PNC (other than for Misconduct or Disability) prior to the date on which a Change of Control occurs, and you reasonably demonstrated that such termination of employment (i) was at the request of a third party that has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or in anticipation of a Change of Control.

  • Event Termination Date See Section 2(e) hereof.

  • 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.

  • Termination Upon Change of Control shall not include any termination of the employment of the Executive (a) by the Company for Cause; (b) as a result of the Permanent Disability of the Executive; (c) as a result of the death of the Executive; or (d) as a result of the voluntary termination of employment by the Executive for reasons other than Good Reason.

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

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.

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

  • 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:

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

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

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.