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.

  • If a Voluntary Notice Date occurs less than twelve (12) months prior to a Voluntary Resignation Date, the Note, together with any accrued interest thereon, shall be immediately payable upon the earlier of the due date of the Note or the Voluntary Resignation Date.

  • 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.

  • If a Voluntary Resignation Date occurs without the Optionee providing the Company with twelve (12) months prior notice of his or her intention to resign, the Note, together with any accrued interest thereon, shall be immediately payable upon the earlier of the due date of the Note or the Voluntary Resignation 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.

  • If a Voluntary Resignation Date occurs without the Optionee providing the Company with three (3) months prior notice of his or her intention to resign, the Note, together with any accrued interest thereon, shall be immediately payable upon the earlier of the due date of the Note or the Voluntary Resignation Date.

  • If a Voluntary Notice Date occurs less than ten (10) months prior to a Voluntary Resignation Date, the Note, together with any accrued interest thereon, shall be immediately payable upon the earlier of the due date of the Note or the 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.

  • Prior to an Initial ----------------------------------------------- Public Offering, the Options shall all expire as of (i) the date the Optionee ceases to be employed by the Company for Cause or (ii) a Voluntary Resignation Date.

  • Furthermore, the Employee will be obligated to repay to the Company any payment received within twelve (12) months of the Voluntary Resignation Date.

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 a Separation as a result of your resignation within 12 months after one of the following conditions has come into existence without your consent:

  • 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 the Employee voluntarily resigns after the occurrence of any of the following (i) without the Employee’s express written consent, a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a reduction in duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Senior Vice-President of a business unit of the Company remains as such following a Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason;” (ii) without the Employee’s express written consent, a material reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company in the base salary of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the aggregate level of employee benefits, including bonuses, to which the Employee was entitled immediately prior to such reduction with the result that the Employee’s aggregate benefits package is materially reduced (other than a reduction that generally applies to Company employees); (v) the relocation of the Employee to a facility or a location more than thirty-five (35) miles from the Employee’s then present location, without the Employee’s express written consent; (vi) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 7(a) below; or (vii) any act or set of facts or circumstances which would, under California case law or statute constitute a constructive termination of the Employee.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related 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 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.

  • 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 as herein used means twenty-fifth (25th) of the month preceding the movement; provided that if the twenty-fifth (25th) of such month falls on a weekend, the date shall be the preceding workday, and further provided that if the twenty-fifth (25th) of such month falls on a holiday the date shall be two (2) workdays prior to the holiday.

  • 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 9.1(b)(i).

  • 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.

  • Funding Termination Date means the Business Day immediately preceding the ------------------------ Remittance Date occurring in the calendar month that is the third calendar month following the calendar month of the Closing Date, or November 30, 2001.

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • 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.