Notice of Intended Termination definition

Notice of Intended Termination means a notice which shall clearly state the specific termination provision in this Agreement relied upon and shall set forth in reasonable and specific detail the facts and circumstances claimed to provide a basis for termination of the Consulting Period. No Notice of Intended Termination shall be valid unless it is signed by a the entire board of directors of the Company (the "Board").
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Notice of Intended Termination means the communication issued in accordance with this Agreement by one Party to the other Party before issuing a Termination Notice; "O&M" means the operation and maintenance of the Facility and includes all matters connected with or incidental to such operation and maintenance, in accordance with the provisions of this Agreement;
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Notice of Intended Termination means a notice which shall clearly state the specific termination provision in this Agreement relied upon and shall set forth in reasonable and specific detail the facts and circumstances claimed to provide a basis for termination. For 20 days after receipt by Consultant of the Notice of Intended Termination, Consultant shall have the opportunity to meet and confer with the appropriate and authorized representative of the Company with respect to any complaint or alleged breach, violation or default hereunder, and shall have the opportunity to cure any such breach, violation, default or any other event which would be considered "Cause" hereunder for a period of 15 days following such meeting.
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Examples of Notice of Intended Termination in a sentence

  • Provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall by a Notice of Intended Termination notify the other Party of such intention to issue the Termination Notice and grant 15 (fifteen) days‟ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion, issue the Termination Notice.

  • Provided that before issuing such Termination Notice, the Party intending to issue the Termination Notice shall by a Notice of Intended Termination notify the other Party of such intention to issue the Termination Notice and grant 15 (fifteen) days’ time to make a representation, and may after the expiry of such 15 (fifteen) days period, whether or not it is in receipt of such representation, in its sole discretion, issue the Termination Notice.


More Definitions of Notice of Intended Termination

Notice of Intended Termination means the communication issued in accordance with this Agreement by one Party to the other Party before issuing a Termination Notice;
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Notice of Intended Termination has the meaning given to that term in clause 18.2(a).
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Notice of Intended Termination means a notice which shall clearly state the specific termination provision in this Agreement relied upon and shall set forth in reasonable and specific detail the facts and circumstances claimed to provide a basis for termination of the Consulting Period. No Notice of Intended Termination shall be valid unless it is signed by the entire board of directors of the Company (the "Board"). a. Not less than 15 days after receipt of the Notice of Intended Termination, Consultant shall have the opportunity to a full, complete and fair hearing in the presence of the entire Board. The Board shall present to Consultant its reasons for the termination, including the specific actions, inactions, omissions or other facts relied upon by the Board in making its determination that Consultant has engaged in gross and willful misconduct and that the Company has the right to terminate this Agreement for Cause. Consultant shall have the right to rebut any evidence or allegations of wrongdoing and shall have the right to be represented by counsel of Consultant's choice at such hearing. After such hearing, should the Board determine that this Agreement shall be terminated for Cause, it shall issue a written Final Notice of Termination to Consultant, signed by all members of the Board, setting forth in detail the specific facts, conclusions and findings of the Board in determining that Cause exists for the termination of this Agreement. The Final Notice of Termination shall contain an effective termination date, which effective termination date shall be no less than thirty (30) days from the date of the Final Notice of Termination.
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Related to Notice of Intended Termination

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Notice of Intent means a notice that an environmental impact statement will be prepared and considered. The notice shall briefly:

  • Notice of Intention means a notice to commence mining operations, including revisions to the notice.

  • Termination for Cause or "Cause" shall mean personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses), or final cease and desist order, or any material breach of this Agreement, in such case as measured against standards generally prevailing at the relevant time in the savings and community banking industry. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Bank or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Bank shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Bank. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Termination for Convenience means the termination of the Trade Contract Agreement or the Trade Contractor Work by the Authority without cause and for the convenience of the Authority as decided in its sole discretion.

  • Nonrenewal Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Potential Termination Event means an event which, but for the lapse of time or the giving of notice or both, would constitute a Termination Event.

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

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Renewal Notice As defined in Section 1.4(a).

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Early Termination Notice Date Any date as of which the aggregate Stated Principal Balance of the Mortgage Loans (including REO Mortgage Loans) is less than 1.0% of the sum of the aggregate Cut-Off Date Balance of the Mortgage Pool initially included in the Trust Fund.