Termination Penalty definition

Termination Penalty is defined in Section 7.1.3.
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Termination Penalty means the termination penalty identified in Section 4.7 and in the amount set forth on Exhibit L.
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Examples of Termination Penalty in a sentence

  • If Customer is responsible for an Event of Default and fails to cure within ten (10) days of written notice (such additional cure period does not apply to default for non-payment), in addition to its other remedies, Gexa may (i) terminate this Agreement; and (ii) charge Customer the Customer Early Termination Penalty pursuant to Section 5 of this Agreement.

  • Fee Waiver Early Termination Penalty: • Termination prior to 1/1/2019 = 100% of fees waived • Termination prior to 1/1/2020 = 50% of fees waived • Termination prior to 1/1/2021 = 25% of fees waived 2Packaged Savings Program The Packaged Savings Program is a $2.00 per-employee per-month (PEPM) credit to the Dental and Vision service fees based upon the medical administration and the Dental and Vision line of specialty coverage Customer has with United.

  • Early Termination Penalty will decrease by $10 per month until Contract Term is completed.

  • Early Termination Penalty: Unamortized TI’s and Tenant Broker Commissions to be defined.

  • The Participant many cancel services at any time, as noted in 4.3 however, any payments made to Licensor for services not yet rendered will be relinquished and converted to the Early Termination Penalty fee and held by Licensor.

  • In the event that the DE Early Termination Damages are charged due to a termination of the Agreement due to an Event of Default by DE under this Agreement, then the DE Early Termination Penalty shall also include Customer’s reasonable costs relating to the determination and collection of same, including attorney and consultant fees, incurred.

  • As result of the Termination prior to the Subscription End Date, an Early Termination Penalty fee is incurred.

  • In the event XXXXXXXX POWER terminates this Agreement prior to the completion of the Term of this Agreement XXXXXXXX POWER shall forfeit this security deposit and the COUNTY shall have the right to retain it as an Early Termination Penalty unless such termination is due to a default by the COUNTY (“Early Termination Fee’).

  • In the event that the Customer Early Termination Penalty is charged due to a termination of the Agreement due to an Event of Default by Customer under this Agreement, then the Customer Early Termination Damages shall also include DE’s reasonable costs relating to the determination and collection of same, including attorney and consultant fees, incurred.

  • Termination prior to subscription end date, results in an Early Termination Penalty or alternatively to waiving of the usage rights for the rest of the subscription duration.

Related to Termination Penalty

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • 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 Compensation means a monthly cash amount equal to one-twelfth (1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Termination Upon a Change in Control means a termination of the Employee without cause within 12 months following a Change in Control (as defined below) or a termination by the Employee for Good Reason within 12 months following a Change in Control.

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Administrative penalty means a monetary fine imposed by the division for acts or omissions determined to constitute unprofessional or unlawful conduct, as a result of an adjudicative proceeding conducted in accordance with Title 63G, Chapter 4, Administrative Procedures Act.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).