Termination and Release definition

Termination and Release means the Termination and Release (Participation Agreement and Trust Agreement) dated the Option Closing Date between Owner Participant and Owner Trustee, substantially in the Agreed Form.
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Termination and Release means that certain Termination and Release to be entered into at the Closing by and among Seller, Purchaser, Guarantor, GETRAG All Wheel Drive and certain of their Affiliates, a form of which is attached hereto as Exhibit A.
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Termination and Release means the Termination and Release, dated as of the Closing Date, by and among the Company and each Holder, in the form agreed to by the parties on or prior to the date hereof.
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Examples of Termination and Release in a sentence

  • In all cases, provision of benefits hereunder shall continue only so long as the Executive continues to comply with and not breach the terms of this Agreement and the Termination and Release Agreement and in the event of such noncompliance or breach, all benefits (except as required by law) shall immediately be terminated.

  • In all cases, severance payments hereunder shall continue only so long as the Executive continues to comply with and not breach the terms of this Agreement and the Termination and Release Agreement and in the event of such noncompliance or breach, all severance payments shall immediately be terminated.

  • The Seller shall provide the Buyer with proof of termination of all licenses and other rights of use of the Assets by providing to the Buyer fully executed Termination and Release Agreements for each of the License Agreements.

  • Kraton, the Company and Executive have executed this Termination and Release Agreement effective as of the Effective Date.

  • Employee understands and agrees that the Severance Benefits represent, in part, consideration for signing this Termination and Release Agreement and are not an amount to which Employee was already entitled.

  • After this termination, the Contractor shall proceed in accordance with Sub-Clause 16.3 [Cessation of Work and Removal of Contractor’s equipment] and shall be paid in accordance with Sub-Clause 19.6[Optional Termination and Release ].

  • Effective June 30, 2011, the Operating Subsidiary entered into a Termination and Release Agreement with one of its ceding companies (the “Cedent”).

  • In executing this Termination and Release Agreement, neither party relies on any term, condition, promise or representation other than those expressed in this Termination and Release Agreement.

  • This Termination and Release Agreement is not, and shall not in any way be construed as, an admission by the Company that it has acted wrongfully with respect to Employee or any other person, or that Employee has any rights whatsoever against the Company except as set forth herein, and the Company specifically disclaims any liability to or wrongful acts against Employee or any other person, on the part of itself, its employees or its agents.

  • This Termination and Release Agreement supersedes all prior and contemporaneous oral and written agreements and discussions with respect to the subject matter hereof.


More Definitions of Termination and Release

Termination and Release has the meaning set forth in Section 3.13.
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Termination and Release means the existing commitments under the Facilities Agreement being cancelled, all principal, interest, fees and other amounts payable thereunder (other than contingent obligations for which no claim has been made) being paid in full, and all liens on collateral (including, without limitation, under the security trust (fideicomiso de garantía) number No. F/111517-9) and guarantees under the Facilities Agreement and the Borrower’s existing high yield notes (other than guarantees from the Guarantors thereunder) being terminated.
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Termination and Release means an acknowledgement from Xxxxxx Xxxxxxx Senior Funding, Inc., in its capacity as collateral agent (in such capacity, the “Collateral Agent”) under the Guarantor Credit Agreement, (i) confirming that effective as of Closing the Collateral Agent’s security interest in the Purchased Shares owned by any Vendor, which have been pledged as security to the Collateral Agent by such Vendor, shall be automatically released and terminated in accordance with the terms of the Guarantor Credit Agreement, and (ii) in the event that effective as of Closing the Collateral Agent fails to prepare and file such financing change statements as are required to reflect the discharge of all registrations against any Vendor in favour of the Collateral Agent solely in respect of such Purchased Shares, authorizing effective as of Closing the Purchaser or the Purchaser’s counsel (or any of their respective agents) to prepare and file such financing change statements; provided that such financing change statements are in form and substance reasonably satisfactory to the Collateral Agent.
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Termination and Release means an acknowledgement from Morgan Stanley Senior Funding, Inc., in its capacity as collateral agent (in such capacity, the “Collateral Agent”) under the Guarantor Credit Agreement, (i) confirming that effective as of Closing the Collateral Agent’s security interest in the Purchased Shares owned by any Vendor, which have been pledged as security to the Collateral Agent by such Vendor, shall be automatically released and terminated in accordance with the terms of the Guarantor Credit Agreement, and (ii) in the event that effective as of Closing the Collateral Agent fails to prepare and file such financing change statements as are required to reflect the discharge of all registrations against any Vendor in favour of the Collateral Agent solely in respect of such Purchased Shares, authorizing effective as of Closing the Purchaser or the Purchaser’s counsel (or any of their respective agents) to prepare and file such financing change statements; provided that such financing change statements are in form and substance reasonably satisfactory to the Collateral Agent.
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Related to Termination and Release

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Earned release means earned release from confinement as

  • General Release has the meaning stated in Section 6.03.

  • Severance Agreement means the Amended and Restated Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Mutual Release means the General Mutual Release substantially in the form attached hereto as Exhibit B in all material respects.

  • Separation Agreement has the meaning set forth in the recitals to this Agreement.

  • Proof of Claim and Release means the Proof of Claim and Release form for submitting a Claim, which, subject to approval of the Court, shall be substantially in the form attached hereto as Exhibit A-2, that a Class Member must complete and submit should that Class Member seek to share in a distribution of the Net Settlement Fund.

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Conditional release means a revocable modification of a

  • Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.

  • Termination, Moving You may cancel your acceptance of the Agreement with XOOM at any time prior to midnight of the thirtieth (30th) calendar day after the date of the first bill from your utility that includes XOOM charges for gas supply service without penalty or cancellation fee by calling XOOM at 0-000-000-0000 or by sending an email to xxxxxxxxxxxx@xxxxxxxxxx.xxx. When moving to an address within your local utility’s service territory, XOOM will make every effort to transfer your service to your new service address, provided that you notify XOOM within fifteen (15) days of your move. If a transfer of service is not successful or you move to a location outside your local utility’s service territory, you may cancel this Agreement at no cost to you. Failure to notify XOOM of your move will be considered a cancellation of this Agreement in accordance with its terms.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Separation and Distribution Agreement has the meaning set forth in the Recitals.

  • Employment Agreement means any employment, severance, retention, termination, indemnification, change in control or similar agreement between the Company or any of its Subsidiaries, on the one hand, and any current or former employee of the Company or any of its Subsidiaries, on the other hand.

  • Termination for Just Cause means termination because of Executive’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Threatened Release means a substantial likelihood of a Release which requires action to prevent or mitigate damage to the soil, surface waters, groundwaters, land, stream sediments, surface or subsurface strata, ambient air or any other environmental medium comprising or surrounding any Property which may result from such Release.

  • Separation shall have the meaning set forth in the Recitals.

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Prior Employment Agreement has the meaning set forth in the recitals hereto.

  • Termination Letter has the meaning specified in Section 2.17(b).

  • Noncompetition Agreement shall have the meaning set forth in Section 5.9 of this Agreement.