Notice Exception definition

Notice Exception means the right, as described in Section 4.2, of either party to the Agreement to terminate this Agreement upon giving the required written notice.
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Examples of Notice Exception in a sentence

  • Notwithstanding the foregoing, the Notice Exception shall not be effected by the Company while the Executive is Totally Disabled as provided in ARTICLE 7.

  • Notwithstanding the foregoing, the Company shall not invoke the Notice Exception during any period of Total Disability of the Executive.

  • In addition to the compensation provided for in Section 12.1, the Executive shall be entitled to severance benefits as provided in this Section 12.2 upon his separation from service with Good Reason or upon his separation from service on account of the Company’s exercise of the Notice Exception.

  • Notwithstanding the foregoing, in the event the Executive desires to terminate his employment within twelve (12) months following a Change of Control, the Executive is not required to provide the Company with one hundred and twenty (120) days notice of his desire to do so, but instead may do so by giving notice to the Company as provided in Section 5.5. In no event shall the Company invoke the Notice Exception during any period of Total Disability of the Executive.

  • A decision by the Company to terminate the Executive pursuant to the Notice Exception shall be by action of the Board, and the Executive agrees that neither he nor any member of his family (as defined in Section 2.8(a)) shall vote with respect to this decision.

  • Any termination by the Company under the Cause Exception or as a result of the Executive’s Total Disability or by the Executive by exercise of the Notice Exception within twelve (12) months following a Change of Control, shall be communicated by Notice of Termination to the other party hereto.

  • The Term shall commence as of June 1, 2004, and shall continue until the earliest to occur of the following: (i) the date of death of the Executive; (ii) the specified date of termination under the Notice Exception (as defined in Section 4.2); (iii) the date of termination under the Cause Exception (as defined in Section 4.3); or (iv) the date of termination as a result of the Executive’s Total Disability.

  • Notwithstanding the foregoing, in the event the Executive desires to terminate his employment within twelve (12) months of a Change of Control, the Executive is not required to provide the Company with three hundred sixty-five (365) days notice of his desire to do so, but instead may do so by giving notice to the Company as provided in Section 4.5. In no event shall the Company invoke the Notice Exception during any period of Total Disability of the Executive.

  • Any termination by the Company under the Cause Exception or as a result of the Executive’s Total Disability or by the Executive by exercise of the Notice Exception within twelve (12) months of a Change of Control, shall be communicated by Notice of Termination to the other party hereto.

  • If the Executive’s employment is terminated by the Company or the Executive by exercise of the Notice Exception, and such termination, whether initiated by the Company or the Executive, does not occur within twelve (12) months of a Change of Control, or the Executive’s employment is terminated due to the Executive’s death or Total Disability or by the Company For Cause, the Executive shall only be entitled to receive in a lump sum any compensation due but not yet paid through the Termination Date.

Related to Notice Exception

  • Title Objection shall have the meaning assigned thereto in Section 8.5.

  • Good cause exception means the issuance of a fingerprint

  • Title Objections has the meaning ascribed to such term in Section 6.2(a).

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • Permitted Title Exceptions means those exceptions to title to the Real Property that are satisfactory to the Acquiror as determined pursuant to Section 2.2.

  • Title Defect Notice shall have the meaning set forth in Section 11.2(a).

  • Cure Deadline shall have the meaning provided in Section 11.11(a).

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy. Restrictions on Land transfer

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Penalty Notice means a written no- tification from the Director informing a respondent that the Director has made a finding of violation and, absent a request for a hearing, will impose a civil monetary penalty.

  • Plan Objection Deadline means the date the Bankruptcy Court establishes as the deadline to File an objection to Confirmation of the Plan.

  • Equitable Exceptions means, with respect to the enforceability of any obligation, that such obligation is subject to (a) applicable bankruptcy, insolvency, moratorium, receivership, assignment for the benefit of creditors or other similar state or federal laws affecting the rights and remedies of creditors generally (including, without limitation, fraudulent conveyance or transfer laws) and judicially developed doctrines in this area, such as equitable subordination and substantive consolidation of entities and (b) equitable principles (whether considered in a proceeding in equity or at law).

  • Title Defect means with respect to a Lease any lien, encumbrance, adverse claim, default, expiration, failure, defect in or objection to real property title, other than Permitted Encumbrances, that alone or in combination with other defects renders Sellers’ title to the Lease less than Defensible Title.

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.

  • Response Notice is defined in Section 14.3(b)(ii).

  • Toll Billing Exception Service (TBE means a service that allows End Users to restrict third number billing or collect calls to their lines.

  • Termination Warning Notice means a notice sent by the Secretary of State to the Academy Trust, stating his intention to terminate this Agreement.

  • Defect Notice shall have the meaning specified in Section 3.2 of this Agreement.

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Seller’s Notice has the meaning set forth in Section 8.5(a).

  • Claims Objection Deadline means the later of: (a) the date that is 180 days after the Effective Date; and (b) such other date as may be fixed by the Bankruptcy Court, after notice and hearing, upon a motion Filed before the expiration of the deadline to object to Claims or Interests.

  • Force Majeure Exception means any failure or delay in the performance of the Issuer's reporting obligation pursuant to Section 2.4 arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; acts of civil or military authority and governmental action. The Issuer shall use commercially reasonable efforts to commence performance of its obligations during any of the foregoing circumstances.

  • Repurchase Response Notice means a notice delivered by the Indenture Trustee at the direction of the Administrator to a Noteholder or Note Owner indicating that a Repurchase Request is unresolved.

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.