Vesting Termination Assignment and Proxy Payment of Par Value Sample Clauses

This clause outlines the rules regarding when and how ownership rights (vesting) in shares or interests are established, the conditions under which those rights can be terminated, and the procedures for assigning rights or appointing a proxy to act on a holder's behalf. It also addresses the payment of the par value for shares, specifying when and how such payments must be made. For example, it may set timelines for vesting, detail the process for transferring shares, and clarify who can vote or receive dividends if a proxy is appointed. The core function of this clause is to ensure orderly management of ownership rights, clarify the process for changes in ownership or representation, and guarantee that the company receives the required payment for issued shares.
Vesting Termination Assignment and Proxy Payment of Par Value 
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Related to Vesting Termination Assignment and Proxy Payment of Par Value

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • PROVISIONS SURVIVING TERMINATION The provisions of Sections 10, 14, 16, 21 and 29 of this Agreement shall survive termination of this Agreement for any reason.

  • Waiver of Past Events of Servicing Termination The Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, on behalf of all Noteholders, waive any Event of Servicing Termination and its consequences, except an event resulting from the failure to make any required deposits to or payments from the Collection Account, the Note Payment Account, the Certificate Payment Account or the Reserve Account in accordance with this Agreement. Upon any such waiver of an Event of Servicing Termination, such event shall cease to exist, and shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right arising therefrom, except to the extent expressly so waived.

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.