Protected Term definition

Protected Term means the period commencing as of the date hereof and expiring as of the close of business on March 31, 2000; provided, however, that: (i) commencing on April 1, 1998 and each April 1 thereafter, the term of this Agreement will automatically be extended for an additional year unless, not later than December 31 of the immediately preceding year, the Company or Employee shall have given notice that it or Employee, as the case may be, does not wish to have the Protected Term extended; and (ii) except as otherwise provided in the last sentence of Section 12, if, prior to a Change in Control, Employee ceases for any reason to be an employee of the Company, thereupon without further action the Protected Term shall be deemed to have expired and Sections 8, 10, 11 and 14(a) and the last sentence of Section 12 of this Agreement and the portion of any other provision of this Agreement that incorporates such provisions will immediately terminate and be of no further effect. For purposes of this Section 1(p), Employee shall not be deemed to have ceased to be an employee of the Company by reason of the transfer of Employee's employment between or among HCR and the Company or any other Subsidiary.
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Protected Term means the three year period commencing as of the date hereof and expiring as of the close of business on the third anniversary hereof; PROVIDED, HOWEVER, that: (i) the term of this Agreement will automatically be extended for successive one year periods unless, not later than 90 days prior to the expiration of the then applicable term either party shall have given notice that it does not wish to have the Protected Term extended; and (ii) except as otherwise provided in the last sentence of Section 12, if, prior to a Corporate Transaction, Employee ceases for any reason to be an employee of the Company, thereupon without further action the Protected Term shall be deemed to have expired and Sections 8, 10, 11 and 14(a) and the last sentence of Section 12 of this Agreement and the portion of any other provision of this Agreement that incorporates such provisions will immediately terminate and be of no further effect. For purposes of this Section l(r), Employee shall not be deemed to have ceased to be an employee of the Company by reason of the transfer of Employee's employment between or among HCR and the Company or any other Subsidiary.
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Protected Term means the term commencing on the Closing Date and terminating on the third (3rd) anniversary of the Closing Date, except that the Protected Term shall immediately terminate in the event Buyer materially breaches, or otherwise fails to materially perform in accordance with the terms of this Agreement, the Promissory Note or, solely with respect to W. Xxxxxxxxxxx Xxxxx’x covenants hereunder (and not the covenants hereunder of the other Seller Members), the Employment Agreement, and Buyer fails to cure such breach or fails to perform within thirty (30) days after its receipt of notice thereof from the affected party, whether it be Seller or a Seller Member, which notice shall state with specificity the nature of the claim for breach or failure to perform; and
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Examples of Protected Term in a sentence

  • Face value of Simply Protected Term policies range from $50,000 - $150,000.Fully Underwritten Term AFLIC’s reinsurance for fully underwritten term life policies utilizes coinsurance.

  • The Company currently maintains a Protected Term Life Insurance Policy providing for an amount of coverage equal to approximately $138,000 (the “Term Policy”).

  • The Separate Account assets relatingto the variable business remain on the company’s books and are ceded through a modified coinsurance agreement.Simply Protected Term AFLIC entered into a coinsurance reinsurance agreement with RGA Reinsurance Company effective February 1, 2010.

  • Under the terms of the agreement, AFLIC retains 50% of each Simply Protected Term policy issued.


More Definitions of Protected Term

Protected Term means, solely with respect to a Stand-By Manufacturing Source, a period of time equal to: (a) five (5) years after the date of termination of this Agreement, if this Agreement is terminated before the first anniversary of the Effective Date; (b) four (4) years after the date of termination of this Agreement, if this Agreement is terminated on or after the first, but before the second, anniversary of the Effective Date; (c) three (3) years after the date of termination, if this Agreement is terminated on or after the second, but before the third, anniversary of the Effective Date; (d) two (2) years after the date of termination of this Agreement, if this Agreement is terminated on or after the third, but before the fourth, anniversary of the Effective Date; (e) one (1) year after the date of termination of this Agreement, if this Agreement is terminated on or after the fourth, but before the fifth, anniversary of the Effective Date; or (f) the earlier of seventeen (17) years or the Term of this Agreement, if this Agreement is terminated on or after the fifth anniversary of the Effective Date. "Q4 Day Schedule" shall mean the method of drug administration covered by U.S. Patent No. 5696153. [THIS PORTION HAS BEEN REDACTED.] [THIS PORTION HAS BEEN REDACTED.] "Regulatory Approval" shall mean the approval by the regulatory authority(s) required in a particular country in the Territory in relation to the Finished Product in order that the Finished Product can be marketed and sold for Commercial Use in that country pursuant to the terms of this Agreement.
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Protected Term means a term protected under section 23;
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Protected Term has the meaning set forth in Section 7.19(b).
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Protected Term means a period of 5 years beginning on the Effective Date.
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Protected Term means a term protected under section 23 of this Act;
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Related to Protected Term

  • Protected tenant means any tenant who:

  • Protected Territory means the United States of America.

  • protected area means an area that is or has to be listed in the register referred to in section 10 of the Protected Areas Act;

  • Protected Period means the period that begins on the date six months before a Change in Control and ends on the later of the first annual anniversary of the Change in Control or the expiration date of this Agreement.

  • Protected Areas Act means the National Environmental Management: Protected Areas Act, 2003;

  • Protected Activity means filing a charge, complaint, or report with, or otherwise communicating, cooperating, or participating in any investigation or proceeding that may be conducted by, any federal, state or local government agency or commission, including the Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and the National Labor Relations Board (the “Government Agencies”). The Employee understands that in connection with such Protected Activity, the Employee is permitted to disclose documents or other information as permitted by law, and without giving notice to, or receiving authorization from, the Company. Notwithstanding the foregoing, the Employee agrees to take all reasonable precautions to prevent any unauthorized use or disclosure of any information that may constitute Company confidential information to any parties other than the Government Agencies. The Employee further understands that “Protected Activity” does not include the disclosure of any Company attorney-client privileged communications. Any language in any other agreement between the Company and the Employee regarding the Employee’s right to engage in Protected Activity that conflicts with, or is contrary to, this paragraph is superseded by this Agreement. In addition, pursuant to the Defend Trade Secrets Act of 2016, the Employee is notified that an individual will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (i) is made in confidence to a federal, state, or local government official (directly or indirectly) or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if (and only if) such filing is made under seal. In addition, an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the individual’s attorney and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.

  • Protected Information means PHI provided by CE to BA or created, maintained, received or transmitted by BA on CE’s behalf.

  • Protected Employee means any employee of the Company or an Affiliate who was employed by Company or an Affiliate at any time within six (6) months prior to the termination of Grantee’s employment for any reason or any earlier date of an alleged breach by Grantee of the restrictions in Section 17 hereof.

  • Protection Period means the period beginning on the date of the occurrence of a Change in Control and ending 12 months following the occurrence of a Change in Control.

  • Protected Customers means any Person to whom the Company has sold its products or services or solicited to sell its products or services during the twelve (12) months prior to the Determination Date.

  • Protected Customer means any Person to whom the Company has sold its products or services or actively solicited to sell its products or services, and with whom Participant has had Material Contact on behalf of the Company during his/her employment with the Company.

  • Protected Disclosure means any communication made in good faith that discloses or demonstrates information that may evidence unethical or improper activity.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Protected individual ’ means an individual who (A) is a citizen or national of the United States, or (B) is an alien who is lawfully admitted for permanent residence, is granted the status of an alien lawfully admitted for temporary residence under 8 U.S.C. § 1160(a) or 8 U.S.C. § 1255a(a)(1), is admitted as a refugee under 8 U.S.C. § 1157, or is granted asylum under Section 8 U.S.C. § 1158; but does not include

  • Noncompetition Period has the meaning set forth in Section 9.01.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Constructive Termination means:

  • Protected Person means: (i) the members of the Board; (ii) the Administrator and its Affiliates; (iii) any Member; (iv) any Officer; or (v) any Person who serves at the request of the Board on behalf of the Company as an officer, director, partner, member, stockholder or employee of any other Person.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Competitive Activity means any business or activity of Executive or any third party that is the same as the Business or competitive with the Business.

  • Restricted Territory means the United States of America.

  • CIC Qualifying Termination means, in each case, on or within twenty-four (24) months following a Change in Control, (i) a termination of the Executive’s employment by the Company without Cause, (ii) a termination of the Executive’s employment by reason of death or Disability, or (iii) a termination of the Executive’s employment by the Executive for Good Reason.

  • justifiable cause means: any failure or refusal to perform any of the duties pursuant to this Agreement or any breach of this Agreement by the Executive; Executive’s breach of any material written policies, rules or regulations which have been adopted by the Company; Executive’s repeated failure to perform his duties in a satisfactory manner; Executive’s performance of any act or his failure to act, as to which if Executive were prosecuted and convicted, a crime or offense involving money or property of the Company or its subsidiaries or affiliates, or a crime or offense constituting a felony in the jurisdiction involved, would have occurred; any unauthorized disclosure by Executive to any person, firm or corporation of any confidential information or trade secret of the Company or any of its subsidiaries or affiliates; any attempt by Executive to secure any personal profit in connection with the business of the Company or any of its subsidiaries and affiliates; or the engaging by Executive in any business other than the business of the Company and its subsidiaries and affiliates which interferes with the performance of his duties hereunder. Upon termination of Executive’s employment for justifiable cause, this Agreement shall terminate immediately and Executive shall not be entitled to any amounts or benefits hereunder other than such portion of Executive’s annual base salary and reimbursement of expenses pursuant to Section 5 hereof as have been accrued through the date of his termination of employment.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Protected Employees means employees of the Company who were employed by the Company at any time within six (6) months prior to the Determination Date.