Termination of Franchise Agreement definition

Termination of Franchise Agreement means, with respect to a Participant, the termination of such Participant’s Franchise Agreement and the subsequent provision of all services to a Participating Company or any of their affiliates, if applicable, voluntarily or involuntarily, under circumstances that constitute a “separation from service” for purposes of Section 409A, as determined in accordance with the Company’s Policy Regarding Section 409A Compliance.
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Termination of Franchise Agreement means, with respect to a Participant, the termination of such Participant’s Franchise Agreement and the subsequent provision of all services to a Participating Company or any of their affiliates, if applicable, voluntarily or involuntarily, under circumstances that would constitute a “separation from service” for purposes of Section 409A of the Code.
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Termination of Franchise Agreement means the Termination of Franchise Agreement in the form attached hereto as Exhibit B by and between Seller and KOR.
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Examples of Termination of Franchise Agreement in a sentence

  • As of the date of a Participant’s Termination of Franchise Agreement (including a termination for “Cause” as defined in Section 17 of the Franchise Agreement), the amounts credited to the Participant’s Match Accounts shall be reduced by the amount which has not become vested in accordance with the vesting provisions set forth below and in the Annual Enrollment Materials applicable to such Match Account, and such unvested amounts shall be forfeited by the Participant.

  • For purposes of clarification, if the Participant who has a Qualified Transition elected to receive a distribution of his or her Plan Accounts in annual installment payments commencing following Termination of Franchise Agreement, the effective date of the Termination of Franchise Agreement for purposes of the distribution provisions of the Plan will be deemed to be the effective date of the Qualified Transition.

  • Except as expressly set forth in Sections 3.06(c) and 3.06(d) below, as of the date of a Participant’s Termination of Franchise Agreement (including a termination for Cause as defined in Section 17 of the Franchise Agreement), the amounts credited to the Participant’s Plan Accounts shall be reduced by the amount which has not become vested in accordance with the vesting provisions set forth below, and such unvested amounts shall be forfeited by the Participant.

  • As security for performance of its obligations, FRANCHISEE will execute simultaneously with its execution of this Settlement Agreement the Termination of Franchise Agreement and Release document attached as Exhibit [ ] (the “Termination Document”).

  • Wrongful Termination of Franchise Agreement Most franchise agreements contain a finite term for the franchise relationship, subject to renewal provisions.

  • The parties acknowledge and agree that at Closing, and following such payment, but only if the transaction contemplated herein is consummated, each Franchise Agreement shall be terminated pursuant to a Termination of Franchise Agreement and Release in the form of Exhibit E to this Agreement (the "Termination Agreement") and such other parties as Corporation shall reasonably designate shall execute and deliver the Termination Agreement to evidence their agreement with the terms and conditions thereof.

  • As of the date of a Participant’s Termination of Franchise Agreement (including a termination for “Cause” as defined in Section 17 of the Franchise Agreement), the amounts credited to the Participant’s Discretionary Allocation Accounts shall be reduced by the amount which has not become vested in accordance with the vesting provisions set forth below and in the Award Materials applicable to such Discretionary Allocation Account, and such unvested amounts shall be forfeited by the Participant.

  • As of the date of a Participant’s Termination of Franchise Agreement (including a termination for Cause as defined in Section 17 of the Franchise Agreement), the amounts credited to the Participant’s Stock Match Accounts shall be reduced by the amount which has not become vested in accordance with the vesting provisions set forth below and in the Annual Enrollment Materials applicable to such Stock Match Account, and such unvested amounts shall be forfeited by the Participant.


More Definitions of Termination of Franchise Agreement

Termination of Franchise Agreement means, with respect to a Participant, the termination of such Participant’s Franchise Agreement and the subsequent provision of all services to a Participating Company or any of their affiliates, if applicable, voluntarily or involuntarily, under circumstances that constitute a “separation from service” for purposes of Section 409A of the Code. For purposes of the payment provisions of Sections 4.08, 5.05 and 6.05, and Article 9, a Participant who transfers to employment status will not be deemed to have a “Termination of Franchise Agreement” (unless such transfer constitutes a “separation from service” for purposes of Section 409A of the Code because of the level of services to be rendered by the Participant as an employee) until the Participant’s employment with the Company and any Participating Company terminates under circumstances that constitute a “separation from service” for purposes of Section 409A of the Code.
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Termination of Franchise Agreement shall have the meaning assigned thereto in subsection 6.1(h).
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Related to Termination of Franchise Agreement

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • New Franchise Agreement means the franchise license agreement to be entered into between Buyer and the Franchisor, granting to Buyer a franchise to operate the Hotel under the Brand on and after the Closing Date.

  • Franchise Agreements means (a) the Franchise Agreements set forth on Part IV of Schedule 4.01(p) hereto, and (b) any Franchise Agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.01(r).

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

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

  • Terms-of-service agreement means an agreement that controls the relationship between a user and a custodian.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Data Use Agreement means the agreement incorporated into the Contract to facilitate creation, receipt, maintenance, use, disclosure or access to Confidential Information.

  • Assignment of Recognition Agreement With respect to a Cooperative Loan, an assignment of the Recognition Agreement sufficient under the laws of the jurisdiction wherein the related Cooperative Unit is located to reflect the assignment of such Recognition Agreement.

  • Relationship Agreement means the relationship agreement between certain members of the Brookfield Group, the Partnership, BBP, the Holding Entities and others dated as of the date hereof;

  • Mutual aid agreement means an agreement between the City and a town or other city for the City’s fire department to provide assistance to the fire department of a town or other city.

  • Use Agreement means the use agreement by and between the Owner and HUD which commences on or before the Effective Date, runs with the land, binds all subsequent owners and creditors of the Exemption Area, and requires that the housing project on the Exemption Area continue to operate on terms at least as advantageous to existing and future tenants as the terms required by the original Section 202 loan agreement or any Section 8 rental assistance payments contract or any other rental housing assistance contract and all applicable federal regulations.

  • Formal Agreement means the formal Agreement for Sale and Purchase of theProperty to be executed by the Vendor and the Purchaser in accordance with Clause 5.1 of the Conditions of Sale;

  • Service Agreement means the initial agreement and any amendments or supplements thereto entered into by the Transmission Customer and the Transmission Provider for service under the Tariff.

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof.

  • Sublease Agreement means that certain Sublease Agreement, dated as of May 1, 2021 by and between the Company and the Agency.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Letter Agreement means that certain letter agreement between the initial Holder hereof and the Company, dated as of August 21, 2023, pursuant to which such initial Holder agreed to exercise one or more warrants to purchase shares of Common Stock and the Company agreed to issue to the initial Holder this Warrant.

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;