No-Fault Termination definition

No-Fault Termination means the termination of the Employee’s Service for any reason (other than Disability or death) based on (i) the constructive dismissal of the Employee; (ii) the early or compulsory retirement of the Employee in terms of the rules of any relevant Company or affiliate retirement fund; (iii) the operational requirements of the Company or its affiliate or (iv) termination by mutual agreement. No-Fault Termination shall not include any voluntary termination of Service by the Employee other than for the reasons described in clauses (i) through (iv) of the preceding sentence or any termination of the Employee’s Service due to the Employee’s misconduct or other misdemeanor.

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No-Fault Termination means that the Transaction will be terminated in accordance with any applicable provisions set forth in the relevant agreement

No-Fault Termination means a termination of employment after a non-renewal of the Employment Agreement by the Company at or after the Determination Date in accordance with Section 2 of the Employment Agreement.

Examples of No-Fault Termination in a sentence

With respect to any Disruption Event that is applicable to an FX Transaction or Currency Option Transaction pursuant to the Definitions or as otherwise agreed by the Parties as evidenced by a Confirmation, Section 9 of the Agreement shall not be applicable in respect of such FX Transaction or Currency Option Transaction, and the Parties shall be subject to the Disruption Fallbacks (including but not limited to No Fault Termination) specified as applicable pursuant to the Definitions or such Confirmation.
With respect to any Disruption Event that is applicable to an FX Transaction pursuant to the Definitions or as otherwise agreed by the Parties as evidenced by a Confirmation, Section 9 of the Agreement shall not be applicable in respect of such FX Transaction, and the Parties shall be subject to the Disruption Fallbacks (including but not limited to No Fault Termination) specified as applicable pursuant to the Definitions or such Confirmation.
For the purpose of the definition of No Fault Termination contained in Section 7.5(c)(iv) of Article VII of the Commodity Definitions, we shall be deemed to have entered into a 1992 ISDA Master Agreement (Multicurrency – Cross Border) with you, which shall be the “relevant agreement” for the purpose of such definition.
The Executive may elect to have the Company purchase any or all of the Vested Stock by delivering written notice (the "Put Notice") to the Company within 60 days after the date of No Fault Termination.
Subject to Section 4(b)(v), in the event of a No Fault Termination, all of the Vested Stock (whether held by the Executive or any other Person) will be subject to repurchase by the Company, at the option of the Executive or his estate, pursuant to the terms and conditions set forth in this Section 4(a) (the "Put Option").

More Definitions of No-Fault Termination

No-Fault Termination means a termination by reason of the Executive’s death, a termination by reason of the Executive becoming disabled (determined in accordance with Sections 5(a) and 5(c) of the Employment Agreement), a termination by the Company other than a Termination for Cause (as defined in the Employment Agreement), a resignation by the Executive for Good Reason (as defined in the Employment Agreement), or the resignation by the Executive after the Company elects not to renew the Executive’s Employment Agreement. The Parties hereto agree that during the Pre-FDA Approval Employment Period, the diminution in the authority of the supervisor to whom the Executive reports by reason that he will be reporting to a corporate officer of the Parent and not directly to the board of directors of a public company as a result of the consummation of the transactions contemplated in the Merger Agreement shall not constitute No-Fault Termination.

No-Fault Termination means where a Participant’s employment with any Employer Company terminates prior to the Vesting Date by virtue of the occurrence of any of the following events –

No-Fault Termination means the termination of appointment of a Participant by the Company by reason of –

No-Fault Termination means that the Transaction will be terminated in accordance with any applicable provisions set forth in the relevant agreement or Confirmation as if a "Termination Event" and an "Early Termination Date" (each as defined in the relevant agreement or Confirmation) had occurred on the day No Fault Termination became the applicable Disruption Fallback and there were two "Affected Parties" (as defined in the relevant agreement or Confirmation).

No-Fault Termination means that the Transaction will be terminated in accordance with any applicable provisions set forth in the relevant agreement or Confirmation as if a "Termination Event" that is an "Illegality" or a "Force Majeure Event" and an "Early Termination Date" (each as defined in the relevant agreement or Confirmation) had occurred on the day No Fault Termination became the applicable Disruption Fallback and there were two "Affected Parties" (as defined in the relevant agreement or Confirmation)." When incorporated into any Confirmation or otherwise used in connection with a 2002 Master, the terms of the 1994 Equity Option Definitions are deemed to be amended as follows:

No-Fault Termination with respect to any Member holding Unvested Units (or that held forfeited Unvested Units) means that the Company or its Affiliates have terminated such Member’s employment with the Company and its Affiliates and none of the following was the reason provided to such Member for such termination: (i) such Member has had a criminal conviction for, or admission by consent (including, without limitation, a plea of no contest or nolo contendere by such Member) to any felony (or its equivalent in any non-U.S. jurisdiction); (ii) a final non-appealable judgment by a court of competent jurisdiction that such Member has engaged in any conduct that constitutes a breach of fiduciary obligations to the Company in such Member’s employee capacity; (iii) such Member has been convicted for or pled nolo contendere to fraud, embezzlement or any crime involving moral turpitude (conduct that is considered contrary to community standards of justice, honesty or good morals); (iv) such Member has engaged in conduct that involves a violation of law that has had or would reasonably be expected to have a material adverse effect on the Company or any of its Affiliates; or (v) such Member has repeatedly failed to follow the lawful directions of the Board given to such Member in its employee capacity and has received written notice from the Company or any Affiliate thereof with specific details of such failure and an opportunity to cure such failure.

No-Fault Termination means that the Bullion Transaction will be terminated in accordance with any applicable provisions set forth in the relevant Confirmation as if a Termination Event and an Early Termination Date had occurred on the day No Fault Termination became the applicable Disruption Fallback and there were two Affected Parties and that Bullion Transaction were the sole Terminated Transaction.