Termination Payment Period definition

Termination Payment Period has the meaning set forth in Section 14.3(f).
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Termination Payment Period has the meaning given to it in Section 42.4(b).
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Termination Payment Period means the period (A) commencing upon termination of the Merger Agreement under the circumstances entitling Purchaser to payment of the Termination Fee and/or Expenses thereunder and (B) expiring on the date which is the later of six months after the date of such termination of the Merger Agreement and 12 months after the date hereof.
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Examples of Termination Payment Period in a sentence

  • During the Post Termination Payment Period the Executive shall also continue to receive, at the Company's cost, medical, dental, life and accident and disability insurance with coverage consistent with the lesser of (i) the coverage in effect at Executive's termination, or (ii) the coverage in effect from time to time as applied to persons in positions similar to the position held by Executive at the time of termination.

  • The tern "Restricted Period" as used in this Section 3 shall mean the Termination Payment Period of the cash termination payment as a consequence of Constructive Termination due to a Change in Control, which the Employee is entitled to receive pursuant to the provisions of Section 2 hereof.

  • The Termination Payment Period shall be the fraction of a year, if any, remaining from the date of termination to the first anniversary of the Effective Date.

  • Any severance payments payable to the Executive pursuant to Section 5.1(c) shall be made to the Executive in the form of salary continuation, payable at normal payroll intervals during the nine (9) month period following the Date of Termination ("Payment Period").

  • If Executive is terminated on any other basis resulting in payments to Executive (irrespective of the fact that such payments are paid in a lump sum) with respect to a period after such termination (the "Post Termination Payment Period"), Executive shall not engage in such competition for a period equal to the Post Termination Payment Period.

  • To the extent such Post Termination Service Amount is a negative amount, the amount by which it is negative will be used in the calculation of the Post Termination Service Amount for the next Post Termination Payment Period as provided in subsection (c) of the definition of Post Termination Service Amount in Section 1.1 [Definitions] of Schedule 1.

  • The termination payment shall equal the product of the Termination Payment Period as set forth above in subsection (a) multiplied by the sum of (i) the Executive's highest annual base salary during the three-year period prior to the Executive's termination plus (ii) the Executive's average annual cash incentive compensation award during the three-year period prior to the Executive's termination.

  • Upon such termination The Company shall also continue to provide Employee with all health insurance, and other employee insurance, subject to the terms, conditions and restrictions of the specific plans, through the end of the Termination Payment Period.

  • Thereafter, equal bi-monthly payments shall be made on the Company’s regular payroll dates during the balance of the Termination Payment Period until the Termination Amount shall have been fully paid.

  • Employee agrees to promptly notify Company of his acceptance of any such Other Employment during the Termination Payment Period and to promptly return to Employer any Termination Payment attributable to any time period after Employee accepted such Other Employment.


More Definitions of Termination Payment Period

Termination Payment Period means the 90-day period immediately following the Employment Termination Date.
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Related to Termination Payment Period

  • Non-Payment Period means, with respect to each series of AMPS, any period commencing on and including the day on which the Corporation shall fail to (i) declare, prior to the close of business on the second Business Day preceding any Dividend Payment Date, for payment on or (to the extent permitted by paragraph 2(c)(i) of these Articles Supplementary) within three Business Days after such Dividend Payment Date to the Holders as of 12:00 noon, New York City time, on the Business Day preceding such Dividend Payment Date, the full amount of any dividend on shares of AMPS payable on such Dividend Payment Date or (ii) deposit, irrevocably in trust, in same-day funds, with the Auction Agent by 12:00 noon, New York City time, (A) on such Dividend Payment Date the full amount of any cash dividend on such shares payable (if declared) on such Dividend Payment Date or (B) on any redemption date for any shares of AMPS called for redemption, the Mandatory Redemption Price per share of such AMPS or, in the case of an optional redemption, the Optional Redemption Price per share, and ending on and including the Business Day on which, by 12:00 noon, New York City time, all unpaid cash dividends and unpaid redemption prices shall have been so deposited or shall have

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Termination Payment has the meaning set forth in Section 6.03.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Swap Termination Payment Upon the designation of an “Early Termination Date” as defined in the Swap Agreement, the payment to be made by the Swap Administrator to the Swap Provider from payments from the Trust Fund, or by the Swap Provider to the Swap Administrator for payment to the Trust Fund, as applicable, pursuant to the terms of the Swap Agreement.

  • Termination Payments has the meaning specified in Section 10(a).

  • Payment Period means the three months following each Collection Quarter.

  • Lease Termination Payments means all payments received by or on behalf of any Seller with respect to a Lease with respect to any terminations, surrenders, modifications, renewals or amendments of any such Lease.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • 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.

  • Early Termination Payment is defined in Section 4.3(b) of this Agreement.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Estimated Swap Termination Payment means, with respect to an Early Termination Date, an amount determined by Party A in good faith and in a commercially reasonable manner as the maximum payment that could be owed by Party B to Party A in respect of such Early Termination Date pursuant to Section 6(e) of the ISDA Master Agreement, taking into account then current market conditions.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Accrual Termination Date Not applicable.

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Agreement Termination Date is defined in Section 7.4.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Liquidity Termination Date means the earlier to occur of the following:

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Termination Price As defined in Section 9.01.