Permanent Suspension definition
Examples of Permanent Suspension in a sentence
Following the occurrence of a Termination Event or a Permanent Suspension, the total number of authorized directors constituting the entire Board of Directors shall be no more than 20 and no less than 9.
From and after the occurrence of a Termination Event or a Permanent Suspension, any action required or permitted to be taken by the holders of the Common Stock can only be effected at a duly called annual or special meeting of such holders and may not be effected by written consent of such holders in lieu of a meeting.
In addition to the requirements under applicable law and the By-Laws of the Corporation, at any time prior to a Termination Event and other than during a Suspension or following a Permanent Suspension, a quorum for transaction of business at any meeting of the Board of Directors shall require the presence of (i) a majority of the total number of authorized directors then constituting the entire Board of Directors and (ii) a majority of the Class B Directors then in office.
Permanent Suspension of Publication (1701) Severance pay at the rate of one week's pay for each six months of continuous service (or major fraction thereof) by the employee with the Employer, with a maximum of fifty-two weeks' wages, shall be paid on termination of employment caused by permanent suspension of publication.
Three strikes of any combination of stated infractions and the Policy Board is required to recommend Permanent Suspension which requires Chapter vote.
Third Offense: 120-day Suspension, up to Permanent Suspension Each Occurrence: Fix it as soon as reasonably possible.
Customer agrees and acknowledges that TM may suspend or terminate the Services or the related short code(s) according to the number of Complaint(s) received as follows: 1st TM Customer Service MCMC** 30 2 2 2nd TM Customer Service MCMC 30 2 3 3rd TM Customer Service MCMC 30 2 Permanent Suspension (Termination) *whichever comes first **refers to MCMC or other lawful, regulatory, governmental or statutory authority.