Termination by Mutual Consent definition

Termination by Mutual Consent means an involuntary Separation From Service pursuant to which the Company agrees, in its sole discretion, that benefits are payable under this Plan.
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Termination by Mutual Consent means a termination of employment pursuant to which the Employer and Eligible Employee have agreed in writing that benefits are payable under this Plan.
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Termination by Mutual Consent in Anticipation of a Change in Control" shall mean Executive's termination of employment from the Company in anticipation of the consummation of a merger transaction, with the consent of all parties to the operative merger agreement." 2. Paragraph 9
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Examples of Termination by Mutual Consent in a sentence

  • In addition, the City and/or the Board may terminate this Agreement in the following manners: (1) Termination by Mutual Consent pursuant to Section 10.2 and (2) Termination for Cause pursuant to Section 10.3.

  • Termination by Mutual Consent 47 SECTION 7.2 Termination by NMCI or Parent 47 SECTION 7.3 Termination by NMCI 47 SECTION 7.4 Termination by Parent 48 SECTION 7.5 Termination Fee; Expenses.

  • TERMINATION 64 Section 9.01 Termination by Mutual Consent 64 Section 9.02 Termination by ▇▇▇▇▇▇ and NAM or ▇▇▇▇▇▇ 64 Section 9.03 Termination by ▇▇▇▇▇▇ 64 Section 9.04 Termination by ▇▇▇▇▇▇ and NAM 65 Section 9.05 Effect of Termination 65 Section 9.06 Extension; Waiver 67 ARTICLE X.

  • TERMINATION, AMENDMENT, AND WAIVER Section 7.01 Termination by Mutual Consent.

  • TERMINATION, AMENDMENT AND WAIVER 54 Section 7.01 Termination by Mutual Consent 54 Section 7.02 Termination by Either PubCo or the Company 54 Section 7.03 Termination by the Company 54 Section 7.04 Termination by PubCo 55 Section 7.05 Effect of Termination 55 Section 7.06 Fees and Expenses Following Termination.

  • The party desiring to terminate this Agreement pursuant to this Article VII (other than pursuant to Section 7.01 [Termination by Mutual Consent]) shall deliver written notice of such termination to each other party hereto specifying with particularity the reason for such termination, and any such termination in accordance with Article VII shall be effective immediately upon delivery of such written notice to the other party.

  • TERMINATION, AMENDMENT AND WAIVER 61 Section 7.01 Termination by Mutual Consent 61 Section 7.02 Termination by Either PubCo or the Company 61 Section 7.03 Termination by the Company 62 Section 7.04 Termination by PubCo 62 Section 7.05 Effect of Termination 63 Section 7.06 Fees and Expenses Following Termination 63 ARTICLE VIII.

  • Termination by Mutual Consent 35 8.2. Termination by Either NYBOT or ICE 35 8.3. Termination by ICE 36 8.4. Termination by NYBOT 36 8.5. Effect of Termination and Abandonment; Termination Fee and Expense Reimbursement.

  • Termination by Mutual Consent 53 8.2. Termination by Either Parent or the Company 53 8.3. Termination by the Company 53 8.4. Termination by Parent 53 8.5. Effect of Termination and Abandonment 54 9.1. Survival 55 9.2. Modification or Amendment 55 9.3. Waiver of Conditions 56 9.4. Counterparts 56 9.5. GOVERNING LAW AND VENUE; WAIVER OF JURY TRIAL 56 9.6. Specific Performance; Exclusive Remedies 57 9.7. Notices 57 9.8. Entire Agreement; NO OTHER REPRESENTATIONS 58 9.9. No Third Party Beneficiaries 59 9.10.

  • Termination by Mutual Consent 68 8.2. Termination by Either Parent or the Company 68 8.3. Termination by the Company 69 8.4. Termination by Parent 70 8.5. Effect of Termination and Abandonment 70 9.1. Survival 74 9.2. Modification or Amendment 74 9.3. Waiver of Conditions 74 9.4. Counterparts 74 9.5. GOVERNING LAW AND VENUE; WAIVER OF JURY TRIAL; SPECIFIC PERFORMANCE 74 9.6. Notices 77 9.7. Entire Agreement 79 9.8. No Third Party Beneficiaries 80 9.9. Obligations of Parent and of the Company 80 9.10.


More Definitions of Termination by Mutual Consent

Termination by Mutual Consent means an involuntary Separation From Service pursuant to which the Company agrees, in its sole discretion, that benefits are payable under this Plan. “Termination Date” means the date of the Participant’s Separation From Service (or scheduled date of Separation From Service, as applicable). “Weeks Compensation” means one fifty second (1/52) of a Participant’s Annual Compensation. “Year-of-Service” means each twelve-month period measured from the Participant’s first day of employment with an Employer, as reduced to reflect breaks in service and/or services performed during such period the Participant was otherwise ineligible to participate in the Plan, as determined under the rules promulgated by the Administrator. Service with a predecessor employer (that was not an Affiliated Employer) shall be recognized to the extent such service is recognized under The AES Corporation Retirement Savings Plan. Service shall also include services performed prior to the effective date of the Plan. In the event a Participant’s Separation From Service and the Participant is subsequently reemployed by the Employer, the Participant’s service for calculation of any severance benefits under Article IV of the Plan shall be based only upon the Participant’s service credited since the most recent starting date of employment with the Employer. ARTICLE II PARTICIPATION AND ELIGIBILITY 2.1 Eligibility. A Participant shall, upon execution of the release in the form specified in Article III of this Plan in the time and manner set forth in Section 3.1 of the Plan, be eligible for the severance benefits provided under Article IV of this Plan if the Participant’s Separation From Service is by reason of an Involuntary Termination or for Good Reason. A Participant who fails to execute the release in the time and manner set forth in Section 3.1 or who subsequently revokes execution of the release in accordance with its terms shall not be entitled to receive benefits under this Plan. A Participant who satisfies all of the terms and conditions specified in this Plan and who becomes entitled to receive benefits hereunder shall be referred to herein as a “Participant.” 2.2 Ineligible Employees. Notwithstanding any provision of this Plan to the contrary, the following Employees (“Ineligible Employees”) are not eligible to participate in the Plan: • Any Employee who has been hired to work on a part-time, seasonal or temporary basis or who is classified as a part-time, seasonal or temporary Employe...
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