Termination of definition

Termination of the Employee's employment on account of "Retirement" shall mean termination on or after the Employee's normal retirement date in accordance with the terms of the Xxxxx 401(k) Plan; and
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Termination of. Employment shall mean the date on which the Participant’s employment with the Employer is terminated for any reason whatsoever, whether voluntary or involuntary, including, without limitation, as a result of the Participant’s Retirement or death; provided that such termination of employment with the Employer would otherwise be deemed a “separation from service” within the meaning of Treasury Regulation §1.409A-1(h) (using a percentage of 80% to determine the controlled group of corporations and businesses under common control). For purposes of this Section 1.30, except as otherwise required or permitted under Code Section 409A, (a) the employment relationship shall be treated as continuing intact while the Participant is on military leave, sick leave, or other bona fide leave of absence if the period of any such leave does not exceed six months, or if longer, so long as the Participant retains the right to reemployment with the Employer under an applicable statute or by contract, (b) a leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for the Employer, and (c) if the period of leave exceeds six months and the Participant does not retain a right to reemployment under an applicable law or by contract, the employment relationship is deemed to terminate on the first date immediately following such six-month period.
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Termination of the Executive's employment for "Cause" shall mean termination because of the Executive's: (a) failure to follow the directives of the Board of Directors which failure is not cured, in the reasonable judgment of the Board of Directors, within thirty (30) days after written notice given to the Executive by the Board of Directors; (b) conduct which, if proven, would constitute a crime involving breach of professional ethics or moral turpitude or a felony of any type; (c) violation of any company policy or other conduct which injures the business or reputation of the Company; (d) conduct which compromises the Executive's ability to perform his job duties; (e) failure of the Executive to perform to the best of his abilities a substantial portion of the Executive's duties and responsibilities assigned or delegated, which failure is not cured, in the reasonable judgment of the Board of Directors, within thirty (30) days after written notice given to the Executive by the Board of Directors; (f) material breach of any provision of this Agreement.
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Examples of Termination of in a sentence

  • Termination of the Plan will not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

  • Termination of this agreement for failure to perform may affect Contractor’s ability to participate in future opportunities with H-GAC.

  • Termination of the Plan shall not affect the Administrator's ability to exercise the powers granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination.

  • Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty.

  • Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination.

  • Termination of this Agreement with respect to any one particular Fund or Portfolio shall in no way affect the rights and duties under this Agreement with respect to any other Fund or Portfolio.

  • Termination of this contract by the County at any time during the term, whether for default or convenience, shall not constitute a breach of contract by the County.

  • Termination of this Agreement pursuant to this Section 10 shall be without the payment of any penalty.

  • Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement.

  • Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.


More Definitions of Termination of

Termination of an Engagement shall not terminate this Agreement or any other Engagement. Either party may terminate this Agreement at any time for any reason provided that they provide at least twenty-four (24) hours prior written notice of such termination to the other party, except in cases where you have breached this Agreement whereby no notice shall be required and the Agreement and any Engagements and Offers immediately terminated. Termination of this Agreement shall also terminate any outstanding Engagements and Offers. However, all rights to final payment, causes of action and any provisions that by their terms are intended to survive termination, shall survive termination of this Agreement.
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Termination of. Xxxxxxxxx'x consultancy by the Company for Cause" means termination for: X. Xxxxxxxxx'x failure or refusal to perform his duties as a consultant under this Agreement, or his neglect of such duties, as determined by the Company's Board of Directors (the "Board") in its sole discretion, provided that the Company first gives Xxxxxxxxx written notice of such failure or refusal and allows him 30 days thereafter to remedy or correct such failure or refusal; X. Xxxxxxxxx'x failure or refusal to limit his activities as a consultant to those duties specified under this Agreement, or to abide by the reporting relationship established under this Agreement, as determined by the Board in its sole discretion, provided that the Company first gives Xxxxxxxxx written notice of such failure or refusal and allows him 10 days thereafter to remedy or correct such failure or refusal; C. conduct by Xxxxxxxxx that is disruptive to or otherwise interferes with the work of Company employees or the Company's operations, as determined by the Board in its sole discretion; D. material breach of the Agreement by Xxxxxxxxx; E. dishonesty on the part of Xxxxxxxxx; F. violation of any fiduciary duty, including the duty of loyalty or the duty of due care, owed by Xxxxxxxxx to the Company in his capacity as a Director of the Company; or G. commission of a crime by Xxxxxxxxx or other public misconduct by him detrimental to the reputation of the Company.
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Termination of the Executive's employment by the Company for "Cause" shall mean: (i) the commission by the Executive of any felony; (ii) the commission by the Executive of any other act that is a breach of his fiduciary duty of loyalty to the Company; or (iii) the repeated failure of the Executive to otherwise perform his duties to the Company as determined in good faith by the Company's Board of Directors, unless the Executive cures such failures within ten (10) days after the Executive receives from the Board of Directors written notice of such failures.
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Termination of an Employee is used in this Agreement, it shall mean an involuntary Termination by the Company or a Subsidiary. Whenever the phrase "Termination by" an Employee is used in this Agreement, it shall mean a voluntary Termination by such Employee. Neither the transfer of employment between any combination of the Company and its Subsidiaries nor a leave of absence approved by the Board shall be deemed to be a Termination for purposes of this Agreement.
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Termination of a Multiemployer Plan under Section 4041A of ERISA or the institution by the PBGC of proceedings to terminate a Multiemployer Plan under Section 4042 of ERISA.
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Related to Termination of

  • Termination or “Terminated” means, for purposes of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor or advisor to the Company or a Parent or Subsidiary of the Company. An employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Committee; provided, that such leave is for a period of not more than 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to formal policy adopted from time to time by the Company and issued and promulgated to employees in writing. In the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Parent or Subsidiary of the Company as it may deem appropriate, except that in no event may an Award be exercised after the expiration of the term set forth in the applicable Award Agreement. The Committee will have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the “Termination Date”).

  • Termination for Cause" shall mean termination of the Executive's employment because of:

  • Termination With Cause and “Cause” shall have the same meaning specified in any effective severance or employment agreement existing on the date hereof or hereafter entered into between the Executive and the Bank. If the Executive is not a party to a severance or employment agreement containing a definition of termination with cause, Termination with Cause means the Bank terminates the Executive’s employment for any of the following reasons –

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Election to Terminate means an Election to Terminate substantially in the form of Exhibit H hereto.

  • Termination for Convenience means the termination of the Trade Contract Agreement or the Trade Contractor Work by the Authority without cause and for the convenience of the Authority as decided in its sole discretion.

  • Eligible Termination means the involuntary termination of Participant’s employment without Cause, provided that at the time of such termination Participant is a Senior Officer and has completed at least ten (10) years of service as a Senior Officer.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Termination for Cause means termination because of: (1) Executive's personal dishonesty, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses), final cease and desist order or material breach of any provision of this Agreement which results in a material loss to the Institution or the Holding Company, or (2) Executive's conviction of a crime or act involving moral turpitude or a final judgement rendered against Executive based upon actions of Executive which involve moral turpitude. For the purposes of this Section, no act, or the failure to act, on Executive's part shall be "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the action or omission was in the best interests of the Institution or its affiliates. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause. During the period beginning on the date of the Notice of Termination for Cause pursuant to Section 8 hereof through the Date of Termination, stock options and related limited rights granted to Executive under any stock option plan shall not be exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of the Institution, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination, such stock options and related limited rights and any such unvested awards shall become null and void and shall not be exercisable by or delivered to Executive at any time subsequent to such Termination for Cause.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • 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 Sum means the percentage of the Tariff payable by the Client to the Service Provider pursuant to Clause 18.4 and as set out in Appendix B; and

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Termination of Consultancy means: (a) that the Consultant is no longer acting as a consultant to the Company or an Affiliate; or (b) when an entity which is retaining a Participant as a Consultant ceases to be an Affiliate unless the Participant otherwise is, or thereupon becomes, a Consultant to the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that a Consultant becomes an Eligible Employee or a Non-Employee Director upon the termination of such Consultant’s consultancy, unless otherwise determined by the Committee, in its sole discretion, no Termination of Consultancy shall be deemed to occur until such time as such Consultant is no longer a Consultant, an Eligible Employee or a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of Consultancy in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination of Consultancy thereafter, provided that any such change to the definition of the term “Termination of Consultancy” does not subject the applicable Award to Section 409A of the Code.

  • Normal Termination means termination of employment or service with the Company and Affiliates: (i) by the Optionee; (ii) upon retirement; (iii) on account of death or Disability; or (iv) by the Company, a Subsidiary or Affiliate without Cause.

  • Termination of irradiation means the stopping of irradiation in a fashion which will not permit continuance of irradiation without the resetting of operating conditions at the control panel.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Termination Date The scheduled Agreement “termination date” shall be the last day of the month of the month of the Original Solicitation’s Anticipated Award Date plus three years. Example: If the original term is approximately three years, and the solicitation provides an anticipated award date of May 22, 2020, the expiration date of the original three-year term shall be May 31, 2023. Extensions: Any extensions of the original term shall begin on the next day after the day the original term expires.

  • Termination of parental rights means the permanent elimination of all parental rights and duties, including residual parental rights and duties, by court order.

  • Termination Other Than For Cause means termination by the Company of Employee's employment by the Company for reasons other than those which constitute Termination for Cause.

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

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Extended Termination Date has the meaning specified in Section 2.16(c).