Service Requirement definition

Service Requirement means the Grantee must have been in the continuous employment of the Company (or a Subsidiary or Affiliate of the Company) from the Grant Date through the applicable vesting anniversary of the Grant Date as provided in Section 3(b) without incurring a Separation from Service.

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Service Requirement means the continuous and on-going service requirement set out in clause 5.2;

Service Requirement means that the Executive remains employed by the Company pursuant to this Agreement on the vesting date.

Examples of Service Requirement in a sentence

• The absence of the Further Information may be taken into account by the Chief Executive when determining whether the Service Requirement in clause 5.2 has been met and whether the Purchaser has complied with the terms of the agreement.

• Clause 5.10(a) only applies if the statutory declaration under clause 5.5 and any Further Information under clause 5.6 provided by the Purchaser are not incorrect, misleading or incomplete in any material respect in relation to the Service Requirement.

• Compliance with the Service Requirement The Service Requirement must be met, in respect of each Spectrum Licence, no later than 2 years from the date on which the transfer of the Spectrum Licence(s) to the Purchaser is Registered.

• The agreement must contain covenants to the same effect and with a term equal to the remaining term of this agreement, including the Service Requirement, the prohibition on transfers and creation of interests as set out in clause 4.1 and the retention of a Caveat on the Spectrum Licence(s) in favour of the Crown as set out in clause 7.1.

• Effect of failure to meet requirements Subject to any extension of the date of the Service Requirement in accordance with clause 5.11, if an event in clause 5.9 occurs and is not remedied, then: the Service Requirement is deemed to have not been met; and the Purchaser is not entitled to any refund (partial or otherwise) of the Settlement Amount paid by the Purchaser for the Spectrum Licence(s).

More Definitions of Service Requirement

Service Requirement the relevant service requirements detailed in the notification of Contract Award;

Service Requirement means the Grantee must have been in the continuous employment of the Company (or a Subsidiary or Affiliate of the Company) from the Grant Date through the Vesting Date as provided in Section 3(b) without incurring a Separation from Service.

Service Requirement means any period of employment within the Group as the Committee in its absolute discretion may determine is required and, unless otherwise determined, no such period of employment shall be required;

Service Requirement means the requirement that the Participant remain an Employee of (or, if the Participant is not an Employee, that the Participant perform services for) the Company and/or its Subsidiaries continuously from the Date of Grant until the Service Vesting Date as a condition to the vesting of Restricted Shares.

Service Requirement means a load-following, wholesale power supply requirement, defined by a unique combination of Customer Group, load responsibility and Delivery Term as listed in Appendix A.

Service Requirement shall begin on the Grant Date and extend until the first anniversary of the Grant Date. A Participant must serve as a Board member during the entire period of the Service Requirement. Other terms used in this Agreement are defined pursuant to paragraph 8 or elsewhere in this Agreement or Plan.

Service Requirement means that the Optionee shall have a continuous Relationship from the Date of Grant through December 31, 2015 (or, if the Optionee's Relationship is terminated by reason of the Optionee's Retirement, death or Permanent Disability (as those terms are defined in Section 6 below) on or after January 1, 2015 and before December 31, 2015, through the date of such termination of Relationship); (ii) “Performance Period” shall mean the period beginning on the Date of Grant and ending on December 31, 2018; (iii) “Total Shareholder Return” shall mean the increase, expressed as a percentage, in the closing price of the