Voluntary Resignation Date definition

Voluntary Resignation Date means the date on which the Optionee ceases employment with the Company for voluntary reasons. Voluntary Resignation Date shall not include the date on which the Optionee ceases to be employed by the Company due to death or a Disability.
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Voluntary Resignation Date set forth in Section 1 are hereby amended to read in their entirety as follows: "Cause" for termination is the commission of a material act of fraud, theft or dishonesty against the Company; conviction for any felony; or willful non-performance of material duties which is not cured within sixty (60) days after receipt of written notice to the Optionee from the Board of Directors. The Optionee shall be deemed to have been terminated without Cause if (i) there is a significant diminution of his employment duties or compensation, (ii) he is removed as the Chief Executive Officer of the Company or (iii) the Company materially breaches the Employment Agreement; in addition if, as a result of one or more related transactions, the majority of the capital stock of the Company or substantially all of its assets are purchased by, or the Company is merged with, another company, entity or person, the Optionee shall be deemed to have been terminated without Cause, if, after such transactions, there is a material reduction in the Optionee's responsibility for, and authority over, the same internal functions of the Company's business as he had prior to such transactions, a reduction in the base salary of the Optionee or the Optionee is required to relocate his place of employment to a location that is more than thirty-five (35) miles from the location of the Company's headquarters at the time of such transactions."
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Examples of Voluntary Resignation Date in a sentence

  • In the event of an Initial Public Offering, ----------------------- the Options shall expire as of the Voluntary Resignation Date or the date on which the Optionee ceases to be employed by the Company for Cause.

  • Prior to an Initial Public ------------------------------------- Offering, (i) the Options shall expire on the Voluntary Resignation Date provided that the Optionee resigns without providing the Company with three (3) months prior notice; or (ii) the Options that are Non-Vested Options on the Voluntary Resignation Date shall expire on the Voluntary Resignation Date provided that the Voluntary Resignation Date occurs prior to the Exercisability Date.

  • Prior to an Initial Public ------------------------------------- Offering, (i) the Options shall all expire on the Voluntary Resignation Date if the Optionee resigns without providing the Company with twelve (12) months prior notice; or (ii) as of a Voluntary Resignation Date, the Options that are Non- Vested Options as of the Voluntary Resignation Date shall all expire as of such Voluntary Resignation Date.

  • Prior to an Initial Public ------------------------------------- Offering, (i) the Options shall expire on the Voluntary Resignation Date if the Optionee resigns without providing the Company with twelve (12) months prior notice; or (ii) as of a Voluntary Resignation Date, the Options that are Non- Vested Options as of the Voluntary Resignation Date shall expire as of such Voluntary Resignation Date.

  • In the event of an Initial Public Offering, the Options shall expire as of the Voluntary Resignation Date or the date on which the Optionee ceases to be employed by the Company for Cause.

  • Prior to an Initial Public ------------------------------------- Offering, the Options shall all expire on the Voluntary Notice Date if (i) the Voluntary Notice Date occurs less than twelve (12) months prior to the Voluntary Resignation Date; or (ii) the Voluntary Resignation Date occurs prior to April 1, 2004.

  • Prior to an Initial Public ------------------------------------- Offering, the Options shall all expire on the Voluntary Notice Date if (i) the Voluntary Notice Date occurs less than twelve (12) months prior to the Voluntary Resignation Date; or (ii) the Voluntary Resignation Date occurs prior to April 1, 2003.

  • Prior to an Initial Public ------------------------------------- Offering, the Options shall all expire on the Voluntary Notice Date if (i) the Voluntary Notice Date occurs less than twelve (12) months prior to the Voluntary Resignation Date; or (ii) the Voluntary Resignation Date occurs prior to ______________________.

  • Executive represents and warrants that, on or before the Termination Date or Voluntary Resignation Date, as applicable, Executive shall return to Company all Company property and information in any form (whether, paper, electronic media or otherwise), and not retain copies of any such property or information (excluding, however, information relating solely to Executive’s own employment, compensation and benefits).

  • Prior to an Initial Public Offering, the Options shall all expire on the Voluntary Notice Date if (i) the Voluntary Notice Date occurs less than ten (10) months prior to the Voluntary Resignation Date; or (ii) the Voluntary Resignation Date occurs prior to ____________.

Related to Voluntary Resignation Date

  • Voluntary Resignation means any Termination by Employee for any reason other than a Constructive Termination.

  • Resignation for Good Reason means Executive’s resignation from all employee positions Executive then holds with the Company within sixty (60) days following any of the following events taken without Executive’s consent, provided Executive has given the Company written notice of such event within thirty (30) days after the first occurrence of such event and the Company has not cured such event within thirty (30) days thereafter:

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Resignation Effective Date has the meaning specified in Section 9.06(a).

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Series Termination Date means, with respect to any Series of Notes, the date specified as such in the applicable Series Supplement.

  • 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.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Designation Date as defined in Subsection 2.10(f).

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

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the 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 the 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, the 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.

  • 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.

  • Nomination Date means the twentieth (20th) day of the month preceding the Operating Month.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Revolving Termination Date means the earlier to occur of:

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Accrual Termination Date Not applicable.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.