Permitted Termination definition

Permitted Termination means (i) the Employee’s employment or service with the Company terminates due to Retirement, Disability, or death or (ii) the Company terminates the Employee without Cause (as defined in Section 2.5 of the Plan).

Permitted Termination means a termination of HET or its Affiliate as manager of the Casino pursuant to (i) Section 17.03 of the Management Agreement, (ii) Section 17.02(d) of the Management Agreement or (iii) Section 17.02(a) of the Management Agreement as of result of an Event of Default (as defined therein) by the Manager (as defined therein).

Permitted Termination means, with respect to any Credit Facility, any termination that has been approved by the County without provision being made for a substitute Credit Facility in accordance with Section 4.6(b)(i) of the Agreement.

Examples of Permitted Termination in a sentence

• Except in the case of a Permitted Termination or Furlough, the Recipient shall not, between the date of this Agreement and September 30, 2020, reduce, without the Employee’s consent, (A) the pay rate of any Employee earning a Salary, or (B) the pay rate of any Employee earning Wages.

• Except in the case of a Permitted Termination or Furlough, the Recipient shall not, between the date of this Agreement and March 31, 2021, reduce, without the Employee’s consent, (A) the pay rate of any Employee earning a Salary, or (B) the pay rate of any Employee earning Wages.

• Except in the case of a Permitted Termination or Furlough, the Recipient shall not, between the date of this Agreement and September 30, 2021 or the date on which the Recipient has expended all of the Payroll Support, whichever is later, reduce, without the Employee’s consent, (A) the pay rate of any Employee earning a Salary, or (B) the pay rate of any Employee earning Wages.

• This Irrevocable Proxy shall become effective promptly upon the occurrence of the end of the Permitted Termination Period and terminate on the Expiration Date.

• Accordingly, if the aggregate of any Termination Fees do exceed the Maximum Permitted Termination Fees, the excess shall not qualify as Reimbursable Third Party Contract Termination Fees.

More Definitions of Permitted Termination

Permitted Termination means, in respect of a Hedging Agreement, the termination or close-out in whole or in part of any hedging transaction under that Hedging Agreement prior to its stated maturity if:

Permitted Termination is defined in Section 11.1

Permitted Termination means termination of Employee's employment during the Term (and beyond the Term if Employee remains employed by Employer) due to any of the following:

Permitted Termination. A termination that is permitted under the provisions of Sections 2.3(d), 2.5(a), 2.5(b), 4.1(g) and 4.2 of this Contract.

Permitted Termination and "Restricted Credit Facility".

Permitted Termination means, with respect to any Restricted Credit Facility, the termination of commitments thereunder at the scheduled final termination date (or any other date on or after the Minimum Refinancing Maturity Date) and the payment of any principal amount outstanding thereunder on the scheduled final maturity date (or any other date on or after the Minimum Refinancing Maturity Date); provided that no such termination and repayment shall be a Permitted Termination if effected on a date prior to the Minimum Refinancing Maturity Date unless, not less than ten days prior to such termination and repayment, the Borrower shall have delivered to the Administrative Agent the financial statements and officer's certificate required by Section 5.01(a) or (b) and 5.01(c) with respect to the then most recent FQE demonstrating Enhanced Covenant Compliance.

Permitted Termination means (i) a termination by a Company Entity other than for "Cause," (ii) a termination by the Executive for "Good Reason," or (iii) the death or "Permanent Disability" of the Executive.