Second Window Period definition
Examples of Second Window Period in a sentence
The Executive will be entitled to the following benefits if, during the Employment Period, the Company terminates his employment without Cause or the Executive terminates his employment with the Company or any affiliated company for Good Reason or during either the First or Second Window Period.
If termination for convenience under this Section 2.3 is exercised during the Second Window Period, Guardian shall continue to pay to Intermolecular all amounts due under Section 4.1 for the period from November 1, 2015 to January 31, 2016, as well as US$625,000 as a cancellation fee, and these Agreements will terminate on January 31, 2016.
In the event that the Parties are unable to agree in writing upon such 90-day window period, the Third Window Period for Partial Service shall be the 90-day period ending on the last day of the Second Window Period for Partial Service.
If termination for convenience under this Section 2.3 is exercised during the Second Window Period, Guardian shall continue to pay to Intermolecular all amounts due under Section 4.1 for the period from [***], as well as US$[***] as a cancellation fee, and these Agreements will terminate on [***].
In addition, any termination by him for any reason during the thirty (30) day period immediately following the first anniversary date of a Change in Control of the Company (the "Second Window Period") shall be deemed a termination for Good Reason for all purposes of these Provisions, except all benefits paid hereunder shall be reduced by twelve (12) months.
For purposes of this Agreement, the "Window Periods" mean the 90-day periods beginning on (i) the Change in Control Date (the "First Window Period"), or (ii) if the Executive has not exercised his right to terminate his employment during the First Window Period, the one-year anniversary of the Change in Control Date (the "Second Window Period").