Material operations definition

Material operations means that it has more than 5% market share in any of Huntington’s footprint states. “Bank affiliated” means owned by a bank or a bank holding company. The Employee agrees and acknowledges that for purposes of this Paragraph, “employment” and/or “perform any competing services” shall mean that the Employee is engaged as an agent, employee, director, owner, partner or consultant by any bank or bank affiliated broker dealer. If, and to the extent that, the Employee violates the terms of this non-competition provision, the continued vesting of the Employee’s Restricted Stock Units shall immediately cease, and the Employee shall forfeit any unvested Restricted Stock Units.
Sample 1Sample 2Sample 3
Material operations means that it has more than 5% market share in any of Huntington’s footprint states. “Bank affiliated” means owned by a bank or a bank holding company. The Employee agrees and acknowledges that for purposes of this Paragraph, “employment” and/or “perform any competing services” shall mean that the Employee is engaged as an agent, employee, director, owner, partner or consultant by any bank or bank affiliated broker dealer. If, and to the extent that, the Employee violates the terms of this non-competition provision, the continued vesting of the Employee’s Option shares shall immediately cease, and the Employee shall forfeit any unvested Option shares. Notwithstanding the foregoing restrictive covenants of this Agreement, if Employee separates employment within one year following a Change in Control that is not pursuant to a transaction approved by the Huntington Bancshares Incorporated Board of Directors, then Employee’s obligations will cease as of the date of his or her employment termination.
Sample 1
Material operations means assets or operations of the Company or its Subsidiaries that (a) exceed 5% of the assets of the Company and its Consolidated Subsidiaries or (b) contributed more than 5% of the income from continuing operations of the Company and its Consolidated Subsidiaries (before income taxes, extraordinary items and intercompany management or similar fees) for the most recently completed four fiscal quarters of the Company for which financial statements are available.
Sample 1Sample 2

Examples of Material operations in a sentence

  • Material operations exist in any jurisdiction in which the direct and indirect activities in that jurisdiction, in the aggregate, account for 5 percent or more of the consolidated, worldwide assets of the foreign bank or its ultimate parent.

  • These recommendations can be obtained from the following website: http://www.fatf-gafi.org/topics/fatfrecommendations.6. Material operations exist in any jurisdiction in which the direct and indirect activities in that jurisdiction, in the aggregate, account for 5 percent or more of the consolidated, worldwide assets of the foreign bank or its ultimate parent.

  • Children who are moved out of Golden Bead Material operations too quickly do not have a satisfactory foundation for future math work.

  • Without limitation, examples of domains that such AHJ authorizations may encompass are ammunition and explosives, Defense Articles, Controlled Goods, dangerous goods, Hazardous Material, operations, testing, examination, possession, transfer, storage, transportation, Destruction, Demilitarization, recycling, disposal, exportation, importation, Environment, and occupational health and safety.

  • CB decided: To approve the report k) Material operations Mr. Liljelund reported that the IFF has taken action and sanctioned the Chinese brand Rockwind, due to a misleading marking of their IFF non-approved Floorball material.

  • Material operations include the demolition of existing buildings, any work of construction in the course of erecting a building, digging of a trench to contain the foundations, or part of the foundations, laying of underground mains or pipes, any operation in the course of laying out or construction of a road, and any change in use of the land which constitutes material development.

  • Settlement risk Settlement risk is very similar to the counterparty credit risk - CCR (which is also known as "pre-sewttlement risk"), the difference being that the settlement risk occurs after the maturity date of the contract (between maturity date and date settlement).In order to implement an effective counterparty risk framework, First Bank continuously monitors and measures both pre-settlement and settlement risk.

  • After any contract required milling, and immediately prior to commencing Stabilize and Relay of Stockpiled Material operations, remove from the roadway, and up to one inch below the milled surface, any vegetation, standing water, and any other deleterious materials and compact the aggregate surface.

  • Material operations and transactions within NLP Group Subordinated loans from NLH AB to the subsidiaries repre- sent an amount equivalent to EUR 386m at 31 December 20192.NLP has established a shared cost agreement to cover the costs of the establishment of the Life Group Function which is further described in section B1 “General information on the system of governance”.For material transactions within NLP see section B1 “Gen- eral information on the system of governance”.

  • Material operations were discontinued neither in 2020 nor in 2019.


More Definitions of Material operations

Material operations means that it has more than 5% market share in any of Huntington’s footprint states. “Bank affiliated” means owned by a bank or a bank holding company. The Employee agrees and acknowledges that for purposes of this Paragraph, “employment” and/or “perform any competing services” shall mean that the Employee is engaged as an agent, employee, director, owner, partner or consultant by any bank or bank affiliated broker dealer. If, and to the extent that, the Employee violates the terms of this non-competition provision, the continued vesting of the Employee’s Option shares shall immediately cease, and the Employee shall forfeit any unvested Option shares.
Sample 1Sample 2
Material operations means that it has more than 5% market share in any of Huntington’s footprint states. “Bank affiliated” means owned by a bank or a bank Huntington Bancshares Incorporated holding company. The Employee agrees and acknowledges that for purposes of this Paragraph, “employment” and/or “perform any competing services” shall mean that the Employee is engaged as an agent, employee, director, owner, partner or consultant by any bank or bank affiliated broker dealer. If, and to the extent that, the Employee violates the terms of this non-competition provision, the continued vesting of the Employee’s Restricted Stock Units shall immediately cease, and the Employee shall forfeit any unvested Restricted Stock Units. Notwithstanding the foregoing restrictive covenants of this Agreement, if Employee separates employment within one year following a Change in Control that is not pursuant to a transaction approved by the Huntington Bancshares Incorporated Board of Directors, then Employee’s obligations will cease as of the date of his or her employment termination.
Sample 1
Material operations means :- (a) in relation to any Affected Operator, any Notifiable Operations which do or are likely materially to affect any coal mine or any Operations in respect of which that Affected Operator holds an Authorisation or any Potential Operations in relation to any coal or any coal mine in respect of which that Affected Operator holds an Authorisation; and (b) in relation to the Authority :- (i) any Notifiable Operations which do or are likely materially to affect any Potential Operations in relation to any coal or any coal mine of the Authority or which increase or are likely to increase the liabilities associated at any time with any rights or interests (including, without limitation, any reversionary interest) of the Authority in any coal or any coal mine; or (ii) any Notifiable Operations which do or are likely materially to affect any coal mine or any Operations or any Potential Operations of any person for the time being holding a licence or consent (not being an Authorisation) from the Authority to carry on any Operations;
Sample 1
Material operations means (a) the Cosmo Mine, Union Reefs Processing facility, Union Reefs Prospect and Crosscourse deposits, International, Maud Creek, Fosterville Gold Mine and Stawell Gold Mine, and Pine Creek North (International/Gandys); and (b) any other property of the Corporation or any Material Subsidiary which is material to the Corporation on a consolidated basis;
Sample 1
Material operations means that it has more than 5% market share in any of Huntington’s footprint states. “Bank affiliated” means owned by a bank or a bank holding company. The Employee agrees and acknowledges that for purposes of this Paragraph, “employment” and/or “perform any competing services” shall mean that the Employee is engaged as an agent, employee, director, owner, partner or consultant by any bank or bank affiliated broker dealer. If, and to the extent that, the Employee violates the terms of this non-competition provision, the continued vesting of the Employee’s Restricted Stock Units shall immediately cease, and the Employee shall forfeit any unvested Restricted Stock Units. Notwithstanding the foregoing non-competition provisions of this Agreement, if Employee separates employment within one year following a Change in Control that is not pursuant to a transaction approved by the Huntington Bancshares Incorporated Board of Directors, then Employee’s obligations will cease as of the date of his or her employment termination. The Company will not have any further obligations to the Employee under this Agreement if the Employee’s grant is forfeited as provided herein. This Agreement along with the 2012 Long-Term Incentive Plan Prospectus will be available by accessing your Fidelity account. I hereby accept the terms of this Agreement electronically through Fidelity.
Sample 1

Related to Material operations

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Commercial Operation means the condition of operation in which the complete equipment covered under the Contract is officially declared by the Owner to be available for continuous operation at different loads up to and including rated capacity. Such declaration by the Owner, however, shall not relieve or prejudice the Contractor of any of his obligations under the Contract.

  • Normal operation means all periods of operation except start-up and shutdown operations and maintenance of equipment;

  • Branch operations means any business operations of a branch captive insurance company in this State.

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Commencement of Operations means the beginning of active operations by a qualifying business of the principal function for which a qualifying project was constructed.

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Material Group Company means the Issuer or a Subsidiary representing more than 5.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the net profit of the Group on a consolidated basis according to the latest Financial Report.

  • AREA OF OPERATIONS means the Company's oilfield operations in the States of Assam and Arunachal Pradesh.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Commercial Operations Date or "COD": The date on which Facility first achieves Commercial Operations.

  • Material Company means, at any time:

  • Perform means that the Contractor, at Contractor’s expense, shall take all actions necessary to complete The Work, including furnishing of necessary labor, tools, and equipment, and providing and installing Materials that are indicated, specified, or required to complete such performance.

  • Commence commercial operation means, with regard to a unit that serves a generator, to have begun to produce steam, gas, or other heated medium used to generate electricity for sale or use, including test generation subject to the following:

  • Supplier Operations means all assets, processes and systems (including information systems), data (including Customer data), personnel, and sites, used or processed by Supplier from time to time in the performance of this Agreement.

  • In operation means engaged in activity related to the primary design function of the source.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.

  • Area of operation means an area coextensive with the territorial boundaries of the land acquired or

  • Health Care Operations shall have the meaning given to such term under the HIPAA 2 Privacy Rule in 45 CFR § 164.501.

  • Testson Completion means the tests which are specified in the Contractor agreed by both Parties or instructed as a Variation, and which are carried out under Clause 9 [Tests on Completion] before the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Mining Operations means obtaining or extracting any mineral by any mode or method or any purpose directly or indirectly connected therewith or incidental thereto, including—

  • operational area means a work unit providing a distinct service that may include one of the following areas: domestic services, food services, laundry/linen services and the work of aides and orderlies and similar operational work