Separation Event definition

Separation Event means: (i) the Company’s termination of Executive’s employment by the Company without Cause, during the Term; or (ii) the termination of Executive’s employment by the Executive for Good Reason.

Separation Event shall have the meaning specified in Section 14.11.

Separation Event has the meaning set forth in the definition of the term "Stapled Securities" below.

Examples of Separation Event in a sentence

• The foregoing shall not relieve Panera of its obligations under the law pertaining to my benefits following the effective date of a Separation Event or other termination of employment.

• Notwithstanding anything in this Agreement to the contrary, CEI shall not, other than in connection with a Termination Transaction or with the affirmative vote of Shareholders holding at least a majority of the Outstanding Common Shares, cause a Cheniere Separation Event to occur unless, at the time such Cheniere Separation Event would become effective, the Company has at least three Independent Directors serving on the Board of Directors.

• On or after the occurrence of a Cheniere Separation Event, the Directors shall be elected by the affirmative vote of Members holding the lesser of (i) a majority of the Outstanding Common Shares and (ii) 67% of the Common Shares present at a meeting of the Members at which there is a quorum.

• After a Separation Event, Codexis may upon notice to MUS assign this Agreement to a Third Party in connection with a merger, sale of all or substantially all of its assets, or other corporate reorganization of Codexis.

• Within sixty (60) days following the Separation Event, MUS shall provide to Codexis with a written list of all Patent Applications and Patents within the Enabling Technology as of the Separation Event, and Codexis shall provide to MUS a written list of all Patent Applications and Patents within the Codexis Improvements as of the Separation Event.

More Definitions of Separation Event

Separation Event means:

Separation Event means the first date that the combined ownership of Codexis’ outstanding shares by MUS and its Affiliates falls below fifty percent (50%) of the voting power entitled to vote in the election of Codexis’ directors.

Separation Event means and shall be deemed to have occurred in the event that:

Separation Event has the meaning accorded such term in Section 3.01.

Separation Event means the earlier of (i) four (4) years after the Amendment Date, and (ii) the date upon which a Change of Control of Codexis occurs. 2. Article 1 is amended by the addition of the following new definition:

Separation Event means any of the following events: (i) Executive’s voluntary termination of employment for Constructive Discharge; provided (x) the event or events constituting a Constructive Discharge occur during the Employment Term and other than during the 24-month period beginning on the date of a Change in Control and (y) such termination occurs within 90 days after the occurrence of an event constituting a Constructive Discharge; or (ii) a Qualifying Event occurring other than during the 24-month period beginning on the date of a Change in Control.

Separation Event means the earlier to occur of (x) a Trigger Event, provided that the Company receives written notification from Duff & Xxxxxx Credit Rating Company ("DCR") that neither such Trigger Event nor the Separate Transfers will cause the claims paying ability rating of Commercial Guaranty Assurance, Ltd. to be downgraded by DCR or (y) receipt by the Company of written notification from DCR that the Separate Transfers will not cause DCR to downgrade CGA's claims paying ability. The parties to this Agreement expressly agree that the Series B Conversion shall not constitute a Separation Event. Within 10 days prior to the occurrence of each Trigger Event, the Company shall request in writing that DCR deliver the written notification referred to in the proviso to clause (x) above. Upon the request of any Investment Unit holder, the Company shall request in writing that DCR deliver the written notification specified in clause (y) above. Notwithstanding the foregoing, prior to a Separation Event, Commitments with an aggregate value (which value shall be determined based on the product of (A) the maximum number of shares of Series B Preferred Stock required to be purchased pursuant to such Commitments and (B) $25.00) of up to $7.5 million may be transferred separately from the Common Stock and Series B Preferred Stock constituting the Investment Units held by a Common Holder without receipt from DCR of the notices provided above; provided, further, that Olympus Growth Fund II, L.P. and Olympus Executive Fund, L.P. shall have the first right, prior to any other Common Holder, to so transfer all or any portion of the Commitments that it, or its Affiliates, own; provided, further, that if Olympus Growth Fund II, L.P. and Olympus Executive Fund, L.P. notifies the Company prior to the occurrence of a Separation Event that it will not exercise such first right or that it will not exercise such first right with respect to Commitments with an aggregate value of $7.5 million, Commitments with an aggregate value equal to the difference between $7.5 million and the aggregate value of the Commitments so transferred by Olympus Growth Fund II, L.P. and Olympus Executive Fund, L.P. may be transferred by such Common Holders as shall request such right on a pro rata basis based on the amount of shares of Common Stock owned by each such requesting Common Holder, as compared to the aggregate of all of the shares of Common Stock owned by all of the requesting Common Holders, and as shall be ...