Involuntary Event definition
Involuntary Event has the meaning specified in the definition of "Permitted Investments."
Involuntary Event. As defined in Section 4.1 hereof.
Involuntary Event means death, redundancy, unjustified dismissal, retirement at or after attaining normal retirement age, illness, accident, mental infirmity or physical infirmity;
Examples of Involuntary Event in a sentence
Subject to Section 4, if any Involuntary Event affecting any Stockholder shall occur, such Stockholder's legal representatives, heirs, successors or transferees, as the case may be, and all Covered Securities beneficially owned by them shall be bound by all the terms and provisions of this Agreement.
If such Involuntary Event is the death of a Shareholder, then said thirty (30) day exercise period shall not begin to run until an executor or administrator of the deceased Shareholder's estate has been appointed by a court of competent jurisdiction.
The Corporation shall have a period of thirty (30) days after receipt of notice of the Involuntary Event giving rise to its right to purchase such Shares to exercise this option in writing.
More Definitions of Involuntary Event
Involuntary Event means, with respect to any Partner any one of the following events: