Termination of the Employment Term Sample Clauses

Termination of the Employment Term. (a) The Executive’s employment with the Company and the Employment Term shall terminate upon the earliest to occur of:
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Termination of the Employment Term. (a)The Executive’s employment with the Company and the Employment Term shall terminate upon the earliest to occur of: (i) the death of the Executive; 4 (ii) the termination of the Executive’s employment by the Company by reason of the Executive’s Disability; (iii) the termination of the Executive’s employment by the Company for Cause or without Cause; (iv) the termination of the Executive’s employment by the Executive for Good Reason; and (v) the expiration of the Employment Term due to a non-renewal of this Agreement by the Company or the Executive pursuant to the provisions of Section 1 of this Agreement. (b)For purposes of this Agreement, the following terms shall have the following meanings: (i) “Cause” shall mean that any of the following has occurred and that the Board has made a determination of such occurrence after providing the Executive with reasonably detailed written notice and a reasonable opportunity to be heard on the issues at a Board meeting: (1)the willful and continued failure by the Executive to substantially perform his material duties to the Company (other than due to mental or physical disability) after written notice specifying such failure and the manner in which the Executive may rectify such failure in the future and the Executive’s failure to do so; (2)the Executive has engaged in willful misconduct that has resulted in material damage to the Company’s business or reputation; (3)the Executive’s conviction of, or entry of a plea of guilty or nolo contendere with respect to (A) a crime involving moral turpitude, fraud, forgery, embezzlement or similar conduct, or (B) a felony crime; (4)the Executive has engaged in fraud against the Company or misappropriated Company property (other than incidental property); or (5)the Executive has materially breached this Agreement and such breach, to the extent curable, has not been cured within thirty (30) days after the Executive is provided with written notice thereof. For purposes of this Agreement, no act or failure by the Executive shall be considered “willful” if such act is done by the Executive in the good faith belief that such act is or was in the best interests of the Company or one or more of its businesses. (ii) “Change in Control” of the Company shall mean: (1)any “person” (as such term is used in Sections 3(a)(9) and 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) or “group” (as such term is used in Section 14(d)(2) of the Exchange Act) is or becom...
Sample 1

Related to Termination of the Employment Term

  • Expiration of the Employment Period If Executive’s employment terminates by reason of the expiration of the Employment Period pursuant to Section 1 as a result of the Company’s or Executive’s non-extension, then the Company will provide Executive with the Accrued Obligations. Thereafter, the Company Group shall have no further obligation to Executive or Executive’s legal representatives.

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • Continued Employment Beyond the Expiration of the Employment Term Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided that the provisions of Sections 10, 11 and 12 of this Agreement shall survive any termination of this Agreement or Executive’s Termination of Employment hereunder.

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • Term of Employment; Termination Executive's Term of Employment shall be two years from the date of this Agreement, unless extended or earlier terminated as provided below.

  • Expiration of Employment Term Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company following the expiration of the Employment Term shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided that the provisions of Sections 6, 7 and 8 of this Agreement shall survive any termination of this Agreement or Executive’s termination of employment hereunder.

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Term of Employment and Termination The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company may be terminated by either Party at any time for any or no reason (subject to the notice requirements of this Section 4). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. The term of this Agreement and Executive’s employment hereunder shall commence on the Effective Date and continue until terminated as set forth in this Section 4. The date on which Executive’s employment terminates, as determined by the Company, regardless of the reason, shall be referred to herein as the “Separation Date.” Upon termination of Executive's employment for any reason, Executive shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its subsidiaries.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

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