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Rights on Termination definition

Rights on Termination has the meaning set out in Clause 20.
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Examples of Rights on Termination in a sentence

  • Return of Products and Sales Aids by Coaches: Rights on Termination of Agreement Upon a notice of cancellation of Your Coach Agreement, You may return products and sales aids that You purchased within 12 months prior to the date of Your cancellation for a refund.

  • If deemed a violation by any court or regulatory body for any reason whatsoever, the provisions contained in this Section Rights on Termination – Continuing Commissions shall become immediately null and void and of no further force or effect.

  • Representative, for himself/herself and his/her respective heirs, beneficiaries, successors and assigns, agrees to indemnify and hold harmless LPL, its affiliated entities, officers, directors and employees from and against any and all cost, loss or damage arising out of or in any way relating to the payment of Trails under this Section Rights on Termination – Continuing Commissions.

  • In addition, without limiting the generality of the foregoing, the provisions of Sections 1 ("Definitions"), 4 ("Purchase Orders"), 5 ("Patent Prosecution"), 6.2 ("Rights in Data"), 7 ("Warranties and Disclaimers"), 8 ("Limitation of Liability and Remedy"), 9 ("Confidentiality"), 11.2(c) ("Rights on Termination"), 11.3 ("Survival"), and 12 ("General") shall survive any termination, cancellation or expiration of this Agreement or Statement(s) of Work.

  • Terms of the Employment Agreements are reflected below under "Executive Compensation–Potential Payments and Rights on Termination or Change in Control–Employment Agreements."On April 29, 2020, we amended Mr. Maiter's Employment Agreement as described in "Executive Compensation–Pension Benefits in 2020" below.

  • Rights on Termination: On termination of the Membership, any right, title or interest of the Member in use of the Club's facilities shall cease and all sums paid to the Club shell be deemed forfeited, except in cases of death where a pro-rate sum may be returned to the Member’s Estate by the Club for the remaining balance of the year in which dues were paid.

  • Survival of Rights on Termination 25.1 Termination of this Contract shall not affect the rights of the parties accrued up to the date of termination.

  • IncidentA form or category of disturbance that is punctual and with limited impact, that does not seriously alter the operation of a system or community.

  • No Employee, Director or Consultant shall have a right to be a Participant, or, having been a Participant in past years, to be a Participant in any subsequent year.13.3. No Implied Rights; Rights on Termination of Service.

  • The Company hereby acknowledges that its obligations to Employee under Sections 7 (Rights on Termination) and 11 (Indemnification) of the Employment Agreement remain in full force and effect as the binding obligations of the parties to the Employment Agreement, enforceable in accordance with their terms.

Related to Rights on Termination

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

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Event of Termination has the meaning specified in Section 7.01.

  • Termination Other Than For Cause means termination by the Company of Employee's employment by the Company for reasons other than those which constitute Termination for Cause.

  • Normal Termination means termination of employment or service with the Company and all Subsidiaries:

  • Termination Events means each of the events specified in Clause 10.3 of this Contract.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Termination for Cause means termination because of: (1) Executive's personal dishonesty, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses), final cease and desist order or material breach of any provision of this Agreement which results in a material loss to the Institution or the Holding Company, or (2) Executive's conviction of a crime or act involving moral turpitude or a final judgement rendered against Executive based upon actions of Executive which involve moral turpitude. For the purposes of this Section, no act, or the failure to act, on Executive's part shall be "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the action or omission was in the best interests of the Institution or its affiliates. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause. During the period beginning on the date of the Notice of Termination for Cause pursuant to Section 8 hereof through the Date of Termination, stock options and related limited rights granted to Executive under any stock option plan shall not be exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of the Institution, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination, such stock options and related limited rights and any such unvested awards shall become null and void and shall not be exercisable by or delivered to Executive at any time subsequent to such Termination for Cause.

  • Termination Upon Change of Control shall not include any termination of the employment of the Executive (a) by the Company for Cause; (b) as a result of the Permanent Disability of the Executive; (c) as a result of the death of the Executive; or (d) as a result of the voluntary termination of employment by the Executive for reasons other than Good Reason.

  • Forbearance Termination Date means the earlier to occur of (i) the closing of a Transaction; (ii) October 31, 2001, or (iii) the date upon which the Forbearance Default occurs.

  • Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Standstill Termination Date means the earlier of (i) 90 days after the Board Designation Termination Date and (ii) the later of (A) the first anniversary of the date of this Agreement and (B) 90 days after the date on which all Purchaser Designated Directors have resigned or been removed from the Board and the Purchaser has permanently waived and renounced its Board designation rights under Section 1.

  • Initial Termination Date shall have the meaning set forth in Section 7.1(b).

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Restriction Termination Date means the first day after the Initial Date on which the Board of Directors determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT or that compliance with the restrictions and limitations on Beneficial Ownership, Constructive Ownership and Transfers of Shares set forth herein is no longer required in order for the Corporation to qualify as a REIT.

  • Servicer Event of Termination One or more of the events described in Section 7.01.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Complete Termination means a termination of the Fund's Rule 12b-1 plan for B-2 Shares involving the cessation of payments of the Distribution Fees, and the cessation of payments of distribution fees pursuant to every other Rule 12b-1 plan of the Fund for every existing or future B-Class-of-Shares (as hereinafter defined) and the Fund's discontinuance of the offering of every existing or future B-Class-of-Shares, which conditions shall be deemed satisfied when they are first complied with hereafter and so long thereafter as they are complied with prior to the earlier of (i) the date upon which all of the B-2 Shares which are Distributor Shares pursuant to Schedule I hereto shall have been redeemed or converted or (ii) May 31, 2005. For purposes of this Section 14.5, the term B-Class-of-Shares means each of the B-1 Class of Shares of the Fund, the B-2 Class of Shares of the Fund and each other class of shares of the Fund hereafter issued which would be treated as Shares under Schedule I hereto or which has substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of the shares of such class. The parties agree that the existing C Class of Shares of the Fund does not have substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares. For purposes of clarity the parties to this agreement hereby state that they intend that a new installment load class of shares which may be authorized by amendments to Rule 6(c)-10 under the 1940 Act will be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing B-1 or B-2 Classes of Shares taking into account the total sale charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares and will not be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing C Class of shares of the Fund taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares.

  • Resale Restriction Termination Date shall have the meaning specified in Section 2.05(c).

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