Termination - Law Dictionary Search Results
Home Dictionary Name: termination Page: 3terminate
terminate -nat·ed -nat·ing vi : to come to an end in time or effect vt 1 : to bring to a definite end esp. before a natural conclusion [ a contract] compare cancel, rescind 2 : to discontinue the employment of ter·mi·na·tion [tər-mə-nā-shən] n ...
terminable interest
terminable interest see interest ...
qualified terminable interest property
qualified terminable interest property see property ...
nondeductible terminable interest rule
nondeductible terminable interest rule : a rule in estate tax law: the value of a property interest that passes to a surviving spouse may not be deducted if it passes from the surviving spouse to another person for less than adequate consideration upon the happening of some event (as the passing of a period of time) ...
Liquefied natural gas terminal
Liquefied natural gas terminal, means the facilities and infrastructure required to--(i) receive liquefied natural gas,(ii) store liquefied natural gas,(iii) enable regasification of liquefied natural gas, and(iv) transport regasified liquefied natural gas till the outside boundaries of the facility. Petroleum and Natural Gas Regulatory Board Act, 2006, s. 2(t)]...
Retrenchment
Retrenchment, in its ordinary connotation is discharge of labour as surplus though the business or work itself is continued, S.M. Nilajkar v. Telecom District Manager, (2003) 4 SCC 27.Means the termination by the employer of the service of a workman for any reason whatsoever, otherwise than as a punishment inflicted by way of disciplinary action but does not include--(a) voluntary retirement of the workman; or(b) retirement of the workman on reaching the age of superannuation if the contract of employment between the employer and the workman concerned contains a stipulation in that behalf; or(bb) termination of the service of the workman as a result of the non-renewal of the contract of employment between the employer and the workman concerned on its expiry or of such contract being terminated under a stipulation in that behalf contained therein; or(c) termination of the service of a workman on the ground of continued ill-health. [Industrial Disputes Act, 1947 (14 of 1947), s. 2 (oo)]T...
dissolution
dissolution : the act or process of ending: as a : the termination of an organized body (as a court) b : the ending of a partnership relationship caused by the withdrawal of one of the partners from the relationship c : the termination of a corporation involuntary dissolution : dissolution of a corporation by a court in response to a shareholder petition based on statutorily prescribed grounds voluntary dissolution : dissolution of a corporation upon the initiative of the directors and with approval of a certain percentage of the shareholders d : the termination of an injunction or stay by court order e : the termination of a marriage by divorce ...
Dismissal or removal or reduction in rank
Dismissal or removal or reduction in rank, Any and every termination of service is not a dismissal, removal or reduction in rank. A termination of service brought about by the exercise of a contractual right is not per se dismissal or removal. If the termination of service is founded on the right flowing from contract or the service rules then, prima facie, the termination is not a punishment and carries with it no evil consequences and so Art. 311 is not attracted. A reduction in rank likewise may be by way of punishment or it may be an innocuous thing, Parshotam lal Dhingra v. Union of India, AIR 1958 SC 36: (1958) SCR 828...
remainder
remainder [Anglo-French, from Old French remaindre to remain] 1 : an estate in property in favor of one other than the grantor that follows upon the natural termination of a prior intervening possessory estate (as a life estate) created at the same time and by the same instrument compare future interest at interest, reversion charitable remainder : a remainder in favor of a charity contingent remainder : a remainder that is to take effect in favor of an unidentifiable person (as one not yet born) or upon the occurrence of an uncertain event called also executory remainder cross remainder : either of two or more remainders in favor of two or more persons so that upon the termination of one remainder that share goes to the other or others executory remainder : contingent remainder in this entry remainder vested subject to open : a vested remainder that is subject to diminution by the shares of other remaindermen (as children born later) vested remainder : a remainder in the fa...
Tenant
Tenant, embraces in itself, the heirs of the deceased called 'statutory tenants' as even after the determination of the tenancy continued to have an estate on the tenanted premises, which are heritable, Kasturi Lal v. Brimlal, 1986 Sim LJ 86.Tenant, includes a sub-tenant and self-cultivating lessee, but shall not include a present holder, Punjab Tenancy Act, 1887, ss. 5, 6, 7, 8; Punjab Settlement Manual, 1899, pp. 142.Tenant, is a word which standing by itself denotes in law 'one who holds lands by any kind of title whether for years or for life or in fee' and does not necessarily mean a lessee unless it is used in opposition to landlord, Ekambara Ayyar v. Meenatchi Ammal, 1904 ILR 27 Mad 401.Means a agriculturist who cultivates personally the land he holds on lease from the landlord and includes a person who is deemed to be a tenant, Racha Naika v. State of Karnataka, 1992 (3) Kant LJ 616.Means a person by whom its rent is payable, and on the tenant's death--(1) in the case of a resi...
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