Qualifying Circumstance definition

Qualifying Circumstance means the circumstance wherein Participant is no longer an employee of the Company or any subsidiary thereof for any reason whatsoever except for a Cause Termination, including, without limitation, any removal from such employment without Cause, any resignation by Participant or Participant’s ceasing to be an employee due to Participant’s death or disability.
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Qualifying Circumstance means, with reference to an interruption or termination of the Grantee's Continuous Status as an employee of the Employers, an interruption or termination (i) that occurs due to the Grantee's death or Disability, (ii) that occurs after the Grantee has attained age 62 and completed 25 years of service, or (iii) that the Compensation Committee determines (A) to be due to a reduction in force, reallocation of responsibilities or similar initiative of the Corporation or the Bank and (B) to be unrelated to any dissatisfaction, merited or unmerited, with the Grantee's job performance.
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Qualifying Circumstance means, with reference to an interruption or termination of the Grantee’s Continuous Status as an employee of the Employers, an interruption or termination that occurs due to the Grantee’s death or Disability.
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Examples of Qualifying Circumstance in a sentence

  • The existence or non-existence of a Qualifying Circumstance, and the existence and effective date of any termination of your Employment Period, shall, in the event of any uncertainty or dispute, be determined for all purposes under the Plan and this Agreement by the Committee, whose judgment on such matters shall be conclusive and binding.

  • If your Employment Period terminates during the Restricted Period by reason of a Qualifying Circumstance, your Award will be deemed to be fully earned and vested.

  • If your period of continuing employment ("Employment Period") with the Company and its Subsidiaries terminates during the Restricted Period otherwise than by reason of a Qualifying Circumstance (as defined below), the then-unvested portion of your Award (including your Restricted Stock and all associated property and rights, and your LTI Cash Right) shall be forfeited and cancelled effective as of the last day of your Employment Period.

  • If Participant does not timely elect to make an Additional Investment or does not have the right to make such Additional Investment due to the occurrence of a Qualifying Circumstance or Cause Termination, Participant recognizes that his or her Percentage Interest will be diluted as a result of the additional investment made by Whitehall to fund the capital call.

  • For purposes of this Section 5, a "Qualifying Circumstance" means, with reference to the termination of your employment with the Company and all Subsidiaries, one that occurs due to (i) your death or disability (as determined by any disability policy or program maintained by the Company), or (ii) such other event or circumstance that the Committee specifically approves and designates as a Qualifying Circumstance.

  • The remainder of the Restricted Shares, or all of the Restricted Shares if the Performance Goals ultimately are not attained or the Compensation Committee fails or refuses within such 90 day period to declare the Grantee vested as to such fraction of the Restricted Shares, shall be forfeited and cancelled, notwithstanding the fact that such termination was by reason of a Qualifying Circumstance.

  • Executive shall be entitled to receive the Severance Benefits described in Section 4.3 hereof provided there has been a Change of Control of the Company, not later than the end of the twenty-fourth month which begins after the month in which the Change of Control of the Company occurs(1), Executive experiences a Qualifying Circumstance and Executive signs a Receipt and Release and delivers it to the Company.

  • For purposes of this Section 5, a "Qualifying Circumstance" means, with reference to the termination of your employment with the Company and all Subsidiaries, one (i) that occurs due to the your death or disability (as determined by any disability policy or program maintained by the Company), or (ii) that occurs due to such other event or circumstance that the Committee specifically approves and designates as a Qualifying Circumstance.

  • If your period of continuing employment ("Employment Period") with the Company and its Subsidiaries terminates during the Restricted Period otherwise than by reason of a Qualifying Circumstance (as defined below), your Award (including your Restricted Stock and all associated property and rights, and your right to receive the benefit of the cash credit) shall be forfeited and cancelled in its entirety effective as of the last day of your Employment Period.

  • Participant shall be entitled to receive the Severance Benefits described in Section 4.3 hereof provided there has been a Change of Control of the Company, not later than the end of the twenty-fourth month which begins after the month in which the Change of Control of the Company occurs(1), Participant experiences a Qualifying Circumstance and Participant signs a Severance Agreement and Release and delivers it to the Company.


More Definitions of Qualifying Circumstance

Qualifying Circumstance means any of the events described in Section 4.2 hereof. BJ. "Receipt and Release" means a receipt for payment of benefits hereunder and a release of claims against the Company in the form set forth in Exhibit A. The provisions of Exhibit A are incorporated herein by reference. DD. "Restricted Shares" means Company Shares granted to Executive under the Long-Term Incentive Plan subject to restrictions. EE. "Retirement" or "Retiring" shall be deemed to be the reason for the termination by the Company or Executive of Executive's employment if Executive's employment is terminated in accordance with (i) the Company's -16- 22 retirement policy (excluding its early retirement policy), which applies to its salaried employees, as in effect immediately prior to the occurrence of the Change of Control of the Company, or (ii) any retirement arrangement which Executive has consented to. FF. "Retirement Plan" means the Comerica Incorporated Retirement Plan or any plan adopted by the Company as a successor to such plan. GG. "Severance Benefit(s)" means the items of severance compensation as provided in Article 4 hereof.
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Qualifying Circumstance means any of the events described in Section 4.2 hereof. BJ. "Receipt and Release" means a receipt for payment of benefits hereunder and a release of claims against the Company in the form set forth in Exhibit A. The provisions of Exhibit A are incorporated herein by reference. DD. "Restricted Shares" means Company Shares granted to Executive under the Long-Term Incentive Plan subject to restrictions. EE. "Retirement" or "Retiring" shall be deemed to be the reason for the termination by the Company or Executive of Executive's employment if Executive's employment is terminated in accordance with (i) the Company's
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Related to Qualifying Circumstance

  • Special Circumstance means an event where, in the opinion of the Bank acting reasonably and in good faith, an amendment or a change is made to a taxation act or regulation, to taxation practices, policies or administration, to the interpretation of a taxation act or regulation or taxation practice, policy or administration; or an event occurs, now or in future, caused by circumstances beyond the control of the Bank making it illegal or disadvantageous, from a legislative or regulatory point-of-view, or disadvantageous, from a financial point- of-view, for the Bank to allow the Deposits of such series to remain outstanding. As provided hereunder, certain other extraordinary events affecting the underlying interest may be deemed to constitute a Special Circumstance and entitle the Bank to proceed with a Reimbursement Under Special Circumstances.

  • Exigent Circumstance means a Covered Person either has a Condition that may seriously jeopardize his or her life, health, or ability to regain maximum function or is undergoing a current course of treatment using a non-Formulary medication. The request for an expedited review should include the following support:

  • Special Circumstances means either or both of the following:

  • Exceptional Circumstances means disclosure:

  • Exigent Circumstances means circumstances where collection or disclosure is urgently necessary, such that procedures that would otherwise be required cannot be followed.

  • Qualifying child means an individual who:

  • Extraordinary Circumstances means floods, snow, ice storms, tornadoes, earthquakes, or other

  • Unforeseen Circumstances means changes in circumstances affecting a Covered Species or the Covered Lands that could not reasonably have been anticipated by the Parties at the time of the HCP’s negotiation and development, and that result in a substantial and adverse change in the status of the Covered Species.

  • Circumstance means an incident, fact, occurrence, matter, act or omission that may give rise to a Claim in the context of civil liability;

  • Change in Circumstance means any significant change to you, including but not limited to:

  • Qualifying Change in Control means the date on which there occurs a Change in Control that also qualifies as: (i) a change in the ownership of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(v) of the Treasury Regulations, (ii) a change in the effective control of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vi) of the Treasury Regulations, or (iii) a change in the ownership of a substantial portion of the assets of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vii) of the Treasury Regulations.

  • Additional Insolvency Opinion shall have the meaning set forth in Section 4.1.30(c) hereof.

  • Uncontrollable Circumstance means any event which:

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Special Eurodollar Circumstance means the application or adoption after the Closing Date of any Law or interpretation, or any change therein or thereof, or any change in the interpretation or administration thereof by any Governmental Agency, central bank or comparable authority charged with the interpretation or administration thereof, or compliance by any Lender or its Eurodollar Lending Office with any request or directive (whether or not having the force of Law) of any such Governmental Agency, central bank or comparable authority.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • cross-default obligation means a term of any agreement or arrangement whereby the Appointee's liability to pay or repay any debt or other sum arises or is increased or accelerated by reason of a default of any person other than the Appointee. 6.12 Without prejudice to the application of paragraph 6.2 the Appointee shall declare or pay dividends only in accordance with a dividend policy which has been approved by the Board of the Appointee and which complies with the following principles -

  • Qualifying Dependent means, for Dependent Care Flexible Spending Account purposes,

  • Cross Default is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any applicable notice requirement or grace period);

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.