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.

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 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.

Examples of No Fault Termination in a sentence

• Upon the occurrence of an Event of Termination or Event of No Fault Termination, all Unvested Options granted to the relevant Participant shall terminate immediately.

• No Fault Termination has been included for prudence and to permit parties to easily exclude Calculation Agent Determination for a particular Transaction if they wish by including appropriate wording in the Confirmation.

• If there is a dispute as to whether an event specified in paragraph 42, above, has occurred, or if the Grantee does not agree, acting in good faith, with the Commissioners’ determination of the No Fault Termination Sum, then the matter shall be deemed to be referred to dispute settlement in accordance with paragraph 52, below.

• In case of payment of the No Fault Termination Sum to the Grantee, each of the Commissioners shall pay the portion of the No Fault Termination Sum corresponding to the proportion of their contribution to the Funding.

• The No Fault Termination Sum shall be reduced by the total value of Outcomes Payments received by the Grantee pursuant to this Grant Confirmation Letter.

More Definitions of No Fault Termination

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.

No Fault Termination means the termination of employment of a Participant by the Company by reason of:

No Fault Termination means the termination of employment of an Employee Participant by the Employer 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” 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).

No Fault Termination means that the Transaction will terminate in accordance with the applicable provisions set forth in Section 6 of the ISDA Master Agreement (which provisions, excluding Section 6(b)(iii), are hereby incorporated by reference into these Definitions), as if:

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.

No Fault Termination means where a Participant’s employment terminates, subject to the Committee determining otherwise in its absolute discretion, for any one of the following reasons: Retirement; Redundancy; Disability; Death; a Participant's employment with an Employer Company transferring to any third party pursuant to section 197 of the LRA; or at the discretion of the Committee, any other circumstances not listed above, which are not designated as a Fault Termination;