Exit Obligations. Upon either the voluntary or involuntary termination of Employee’s employment or the request of the Company’s during Employee’s employment, Employee shall: # provide or return to the Company any and all Company property and data and all Company documents and materials belonging to the Company and stored in any fashion, including but not limited to those that constitute or contain any Confidential Information or Work Product, that are in the possession or control of Employee, whether they were provided to Employee by the Company or any of its subsidiaries or affiliates or created by Employee in connection with his employment by the Company; and # delete or destroy all copies of any such documents and materials not returned to the Company that remain in Employee’s possession or control, including those stored on any non-Company devices, networks, storage locations, or media in Employee’s possession or control.
Exit Fee. Upon the occurrence of any Prepayment Premium Event, the Borrower shall pay to the Administrative Agent, for the account of each Term Loan Lender in accordance with their Pro Rata Percentage, a fee (in addition to and not a substitution for the payments of principal, interest and other fees payable hereunder), equal to 3.00% of the aggregate principal amount of Term Loans so paid or prepaid (such fee, the “Exit Fee”).
At-Will Nature of Employment. Your employment with GreenLight will be “at-will,” which means the employment relationship may be terminated by you or by GreenLight at any time, for any reason (or no reason at all) and with or without notice. In the event of termination or resignation, you will be required to participate in an Exit Interview in accordance with the Employee Handbook.
Interview prep and/or public speaking coaching for all events, news ops, etc.
-- Pro spin exit pop‑ups
3 Exit with business divestiture.
Section # Payment of Exit Fee.
Sortie de secours = emergency exit
“(d) Exit Fee. shall pay to the an exit fee (the “Exit Fee”) in the aggregate amount of $200,000, allocated to each pro rata based on such ’s commitment set forth on [Schedule 2.1] hereto, which shall be non-refundable and fully earned on the First Amendment Effective Date, and which shall be payable as follows: # on or prior to May 15, 2023, $100,000, and # on the Maturity Date, $100,000.”
THIS EXIT FACILITY TERM SHEET (THIS “EXIT FACILITY TERM SHEET”) DOES NOT CONSTITUTE (NOR SHALL IT BE CONSTRUED AS) A COMMITMENT TO LEND. THIS EXIT FACILITY TERM SHEET DOES NOT PURPORT TO SUMMARIZE ALL OF THE TERMS, CONDITIONS, REPRESENTATIONS, WARRANTIES, AND OTHER PROVISIONS WITH RESPECT TO THE TRANSACTIONS DESCRIBED HEREIN, WHICH TRANSACTIONS SHALL BE SUBJECT TO CREDIT APPROVAL AND THE COMPLETION OF DEFINITIVE DOCUMENTS INCORPORATING THE TERMS SET FORTH HEREIN. THE CLOSING OF ANY TRANSACTION SHALL BE SUBJECT TO THE TERMS AND CONDITIONS SET FORTH IN SUCH DEFINITIVE DOCUMENTS. NOTWITHSTANDING ANYTHING ELSE SET FORTH HEREIN OR ELSEWHERE, NO BINDING OBLIGATIONS SHALL BE CREATED BY THIS EXIT FACILITY TERM SHEET.
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