Prohibition Period definition

Prohibition Period means the period beginning at the Split-Off Effective Time and ending on the day after the date that is the one year anniversary of the date of the Split-Off Effective Time; provided that if, (a) prior to the day after the date that is the one year anniversary of the date of the Split-Off Effective Time, a Prohibited Party enters into an agreement, understanding, arrangement or substantial negotiations (within the meaning of Treasury Regulation Section 1.355-7) (collectively, an “Agreement”) which contemplates a transaction which, if consummated prior to such day, would constitute a Transfer or Non-Transfer Event that would result in Excess Shares being transferred to a Trust and (b) such Prohibited Party entered into an Agreement with respect to such transaction or a similar acquisition (within the meaning of Treasury Regulation Section 1.355-7) on or prior to the date of the Split-Off Effective Time, then with respect to such Prohibited Party only, the Prohibition Period shall be extended until the later to occur of one day after (i) the date that is the two year anniversary of the date of the Split-Off Effective Time, and (ii) the date that is the six month anniversary of the date such transaction is consummated or such Agreement is terminated, as the case may be.

Prohibition Period means the period from and after the Effective Time to and including the date which is twelve months from the Date of Termination.

Prohibition Period means the period of time between 0001 hours GMT on 1 July and 2359 hours GMT on 30 September each year.

Examples of Prohibition Period in a sentence

• At its sole discretion, the Department of Audits and Investigations may permit an offset during the Prohibition Period via netting, transfer, or position adjustment.

• During the Prohibition Period, Employee shall not, directly or indirectly, become an owner or member, to the extent of an ownership interest of five percent (5%) or more, of a joint venture, partnership, corporation or other entity, or a consultant, employee, agent, officer or director of a corporation, joint venture, partnership or other entity, which is competitive with, directly or indirectly, the Companies' Business.

• In the event that payment hereunder is permitted to resume after a Payment Prohibition Period, Maker shall only be obligated to pay the current principal and interest, commencing on the first day of the month after the first full month after the termination of such Payment Prohibition Period.

• In such event, all unpaid principal and interest shall accrue during such Payment Prohibition Period and shall become due and payable on the Maturity Date.

• As used herein, "Prohibition Period" means the period from and after the Effective Time to and including the date which is twelve months from the Date of Termination.

More Definitions of Prohibition Period

Prohibition Period means the period of time between 0001 hours GMT on 1 August 2009 and 2359 hours GMT on 30 September 2009.

Prohibition Period means the period from and after the date hereof to and including the later of (i) the date which is eighteen months from the Date of Termination, if your employment hereunder is terminated by the Company without Cause or by you for Good Reason or (ii) the date which is twelve months from the Date of Termination, if your employment hereunder is terminated other than as set forth in the preceding clause (i).

Prohibition Period means the period from and after the Closing Date to and including the later of (i) the date which is eighteen months from the Date of Termination and (ii) the third anniversary following the Closing Date.

Prohibition Period shall have the meaning ascribed to such term in the Xxxxxx Charter Amendment. "Proxy/Consent Solicitation Statement" shall have the meaning ascribed to such term in Section 7.2(a)(ii) hereof.

Prohibition Period means the period beginning at the Split-Off Effective Time and ending on the day after the date that is the one year anniversary of the date of the Split-Off Effective Time; provided that if, (a) prior to the day after the date that is the one year anniversary of the date of the Split-Off Effective Time, a Prohibited Party enters into an agreement, understanding, arrangement or substantial negotiations (within the meaning of Treasury Regulation Section 1.355-7) (collectively, an "Agreement") which contemplates a transaction which, if

Prohibition Period has the meaning set forth in Section 21.5.

Prohibition Period means the period from and after the date hereof to and including the later of (i) the date which is twelve months from the Date of Termination and (ii) the [third anniversary of start date]. The non-competition agreement contained in this Paragraph 7 will not prevent you from owning, directly or indirectly, up to five percent (5%) of the publicly traded stock in any corporation which is engaged in a business competitive with the activities of the business actually conducted by the Company. For purposes of this Agreement, the term "publicly traded" will mean traded on a recognized national exchange or quoted on the NASDAQ National Market System in the United States of America.