Sentences with phrase «termination option of»
Centrax to 2 Prudential Plaza: Centrax Corp. has signed a lease for almost 15,000 square feet of space in Two Prudential Plaza, after exercising an early termination option of its lease at the nearby Blue Cross and Blue Shield Building, 300 E. Randolph St., said CB Richard Ellis Inc., which represented the Chicago - based employee training firm (this sentence as published has been corrected in this text).
http://articles.chicagotribune.com/ Not exact matches
(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.
(l) Except as otherwise set forth in Schedule 2.7 (l) of the Disclosure Schedule, (i) the Company is not and will not be obligated to pay separation, severance, termination or similar benefits as a result of any of the transactions contemplated by this Agreement, nor will any such transactions accelerate the time of payment or vesting, or increase the amount, of any benefit or other compensation due to any individual; and (ii) the transactions contemplated by this Agreement will not cause the Company to record additional compensation expense on its income statements with respect to any outstanding Stock Option or other equity - based award.
We provide information below about (1) the circumstances under which these options and stock awards vest upon termination of employment or the occurrence of certain acquisitions, and (2) the hypothetical value each such named executive would have received, if any, upon the vesting of any of these option or stock awards as of that date under those circumstances, assuming each named executive's employment with the Company had terminated or the acquisition had been consummated as of December 31, 2009 and based on an NYSE closing price per share of our common stock on that date of $ 26.99.
The option expires at the end of the Offering Period, upon termination of employment, or if the employee becomes ineligible, whichever is earlier, but is exercised at the end of each Offering Period to the extent of the contributions accumulated during such Offering Period.
After the termination of service of an employee, director, or consultant, his or her stock appreciation right will be subject to the same exercise limitations that apply to stock options described above.
The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.
In the event of such termination, individuals holding options and stock appreciation rights will be permitted to exercise such options and stock appreciation rights (to the extent exercisable) prior to the sale event.
If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.
In addition, in connection with the termination of the 2014 Plan upon a sale event, we may make or provide for a cash payment to participants holding vested and exercisable options and stock appreciation rights equal to the difference between the per share cash consideration payable to stockholders in the sale event and the exercise price of the options or stock appreciation rights.
We provide information below about (1) the circumstances under which the vesting of these options and stock awards would accelerate upon termination of employment or the consummation of an «acquisition transaction» (as defined below) and (2) the hypothetical value each such named executive would have received, if any, upon the vesting of any of these option or stock awards as of that date under those circumstances, assuming each named executive's employment with the Company had terminated or the acquisition had been consummated as of December 31, 2011 and based on an NYSE closing price per share of our common stock of $ 27.56 on December 30, 2011, the last trading date in 2011.
The current rating actions give the counterparties of these transactions the option to immediately demand up to $ 2.2 billion in accelerated principal and accrued interest and associated termination fees.
After the termination of service of an employee, director or consultant, the participant may exercise his or her option, to the extent vested as of such date of termination, for the period of time stated in his or her option agreement.
In all other cases, the option generally will remain exercisable for three months following the termination of service.
After the termination of service of an employee, director or consultant, he or she may exercise his or her option for the period of time stated in his or her option agreement.
Early termination of lease / service: Remaining lease payments will be due immediately, and requires device return or payment of purchase option device price in lease.
We provide information below about (1) the circumstances under which the vesting of these options and stock awards would accelerate upon termination of employment or the consummation of an «acquisition transaction» (as defined below) and (2) the hypothetical value each such named executive would have received, if any, upon the vesting of any of these option or stock awards as of that date under those circumstances, assuming each named executive's employment with the Company had terminated or the acquisition had been consummated as of December 31, 2010 and based on an NYSE closing price per share of our common stock on that date of $ 30.99.
Ultimately, this option will ensure that upon contract termination users will receive the amount of ETH relative to the value of the USD that was initially deposited.
If the chemotherapy treatment can not wait until after the pregnancy is completed or if termination of the pregnancy is not an option, a woman can receive chemotherapy during pregnancy.
The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and
This off - season LeBron James, Dwyane Wade and Chris Bosh all exercised the early termination option on their contracts which allowed these superstars to opt out of their contracts and once again dip their toes in the waters of free agency.
Now every doctor will give a woman an option of termination of pregnancy based on results of an abnormality in her ultrasound.
The UK, recognising their high stillbirth rate, despite universal access to good antenatal care and high detection rates of congenital anomalies with elective termination as a frequently chosen option after detection, aren't throwing their hands up and saying that those stillnirth deaths can't be prevented.
However, this judgement does provide an option for the Secretary of State to change the Department of Health's policy and allow women to make the choice of where to complete a medical termination and we will work with the Department of Health to make this happen.»
«To address issues with this provider at the remaining three sites, we have required Bedco to comply with aggressive corrective action plans that include immediate termination options if they fail to meet the terms of the plans,» Isaac McGinn, a spokesperson for the HRA, told Politico.
«It is important to understand that as Berkeley's leadership considered disciplinary options, we did not have the authority, as per University of California policy, to unilaterally impose any disciplinary sanctions, including termination,» they wrote.
Consistent with the severity of the violation, discipline can include verbal or written warning, suspension with or without pay, loss or reduction of bonus or stock options, demotion or, for the most serious offenses or repeated misconduct, employment termination.
If Audible does not commence selling the Audiobook within 3 months after its receipt of your written notice, (a) this Agreement will automatically terminate and all rights in the Book and the Audiobook granted to Audible in this Agreement will revert to you and (b) if you agreed to the royalty share payment option with the Producer for production of the Audiobook, Audible will pay the Producer a termination fee of $ 100 times the actual number of finished hours (in 10 minute increments) in the deal confirmation page; up to a maximum of $ 2,500 as full payment for the Producer's services in creating the Audiobook.
With the Renewal Option, you may ask to continue the policy beyond its termination date if you are working at least 30 hours per week and are not disabled at the time of your request.
If cash flow draws down to a point where business operations are no longer sustainable and an external capital infusion is no longer feasible to maintain operations, then a planned termination of operations and a liquidation of all assets are sometimes the best options to limit any further losses.
However, you would still be responsible for the remainder of the lease, the early termination fee, plus whatever fees you have to pay for damages (big and small) and mileage regardless of which option you choose.
Notify employees of the plan termination, allowing them to elect a lump sum or to participate in the annuity if this is an option.
Furthermore, in order to ensure that a servicer has sufficient time to explore all possible loss mitigation options, in calculating the guaranty claim payable on a terminated loan, VA allows inclusion of interest for 210 days from the due date of the last paid installment, plus the reasonable period that VA has established for completion of termination in the jurisdiction where the loan is located.
Each repayment option comes with a six - month grace period following graduation or termination of enrollment.
One of those options includes deferring your interest payments (i.e. not having to pay) while enrolled in school, plus a six - month grace period following graduation or termination of enrollment (up to a maximum of 32 months).
Early termination of lease / service: Remaining lease payments will be due immediately, and requires device return or payment of purchase option device price in lease.
We remain unconvinced by the reasoning underlying this decision, which will have serious repercussions for our organization, including closure of our facilities, termination of our lease and termination of staff contracts, and we intend to investigate the options open to us.
In order to stay online, these reliable plants may require one or all of the following options for remedy: 1) further economic support to make up for losses in energy markets, 2) a new revenue stream from capacity markets, or 3) immediate termination of subsidies and mandates for renewables.
«Easement Term» or «Term»: Subject to earlier termination in accord with the terms of this Easement and the Option to Extend Wind Easement Term, set out in Section 24 below, the period commencing on the Effective Date and continuing for thirty (30) years after the Date of Commercial Operation, as extended by the terms of this Easement for purposes of removal of Improvements and completion of Surface Restoration.
The firm advised one of Asia's most prominent private equity firms on a dispute relating to a former employee's termination of employment and their alleged entitlement to carried interest; EFG International's proposed acquisition of BSI Bank Singapore's private banking business — a $ 1.3 bn (# 1bn) deal that would form one of the largest private banks in Switzerland; and a multi-million claim by a former c - suite executive against Noble Group for unpaid dividends, bonuses, stock options and shares.
The ULCC considered three options on that point in 2014 and decided that «entry into a marriage or other spousal relationship does not revoke the will, but on divorce or termination any beneficial dispositions to the former spouse are deemed revoked unless the court finds a contrary intention of the testator»
Our employment lawyers can help you to understand your legal options and obligations when making difficult business decisions regarding termination of employment.
These contracts include everything a regular lease does plus the amount of the option fee, termination details, what happens to extra rent paid, and whether the house will have a set price or be sold at market value.
Davidoff writes that with the recent termination of private equity acquisitions, many sellers are now demanding tighter terms to limit the buyer's options.
Inevitably, disputes arise as to whether a terminated employee is entitled to accelerated vesting, whether a termination was implemented to avoid vesting, or whether a company's failure to grant options or vest shares is in violation of the provisions of the underlying agreements.
The clauses in employment contracts that are most likely to be the subject of a legal dispute between an employee and employer are: (i) the termination clause or, if the contract does not contain a termination clause the employee's entitlement to reasonable notice (ii) clauses that set out an employee's entitlement to variable compensation such a bonus, commission and / or stock options; and (iii) restrictive covenants (e.g. non-competition and / or non-solicitation clauses).
If the option holder's employment with the corporation and / or a subsidiary, as the case may be, is terminated for any reason other than set forth in paragraphs 6, 7 or 8 above, whether such termination be voluntary or involuntary, without his having fully exercised his option, the option shall be cancelled and he shall have no further rights to exercise his option or any part thereof and all of his rights hereunder shall terminate as of the effective date of such termination.
They also include entitlements to benefits, pension, stock options, vacation and sick leave, and notice of termination.
April also represents employers in a variety of employment issues and matters, including discrimination, harassment, wrongful termination, retaliation, employment - related tort claims, defamation claims, stock option claims, breach of contract claims, and non-compete issues.
The issue regarding what type of language is required to limit an employee's entitlement upon termination is significant in Canada because many employers compensate their employees by providing the employees with stock options and bonuses that often form a significant part of the employee's total compensation.