ADOPTION BY EMPLOYER AND TRUSTEE(S) Sample Clauses

ADOPTION BY EMPLOYER AND TRUSTEE(S). The Employer named in Paragraph 1 (the "Employer") hereby adopts the Plan and Trust consisting of this Adoption Agreement and the Fidelity Prototype Plan Basic Plan Document No. 12 and the Trustees named in Paragraph 3 hereby accept their appointment as Trustees hereunder. It is understood that the Employer assumes full responsibility for the legal and tax aspects of its adoption of this Plan. Failure by the Employer to complete this Adoption Agreement properly may result in disqualification of the Plan.
Sample 1
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ADOPTION BY EMPLOYER AND TRUSTEE(S). The employer named in Paragraph 1 (the "Employer") hereby adopts the Anvil Products, Inc. Hourly Retirement Savings and Investment Plan consisting of this Adoption Agreement and the Xxxxxxx, Procter & Xxxx Regional Prototype Defined Contribution Basic Plan Document. It is understood that the Employer assumes full responsibility for the legal and tax aspects of its adoption of this Plan. Failure by the Employer to complete this Adoption Agreement properly may result in disqualification of the Plan. Executed as of February 1, 1992. Tyco Laboratories, Inc. -------------------------------- Employer By: /s/ Xxxx X. Xxxxxxxx ---------------------------- Authorized Signature The Employer may not rely on the opinion letter obtained by Xxxxxxx, Procter & Xxxx from the Internal Revenue Service as evidence that the Plan is qualified under Section 401 of the Internal Revenue Code. In order to obtain reliance with respect to plan qualification, the Employer must apply to the appropriate key district office of the Internal Revenue Service for a determination letter. If the Employer has any questions regarding plan provisions, the procedure for adoption of this regional prototype plan, and the effect of the notification letter, please contact a member of the ERISA Department of Xxxxxxx, Procter & Xxxx at Xxxxxxxx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, or by calling (617) 570- 1000. Xxxxxxx, Procter & Xxxx will inform the Employer of any amendments made to the prototype plan or of the discontinuance or abandonment of the prototype plan.
Sample 1

Related to ADOPTION BY EMPLOYER AND TRUSTEE(S)

  • Termination by Employer (i) Employer may terminate this Agreement upon written notice for Cause. For purposes hereof, "

  • Termination by Employer for Cause Employer may terminate Employee’s employment hereunder for “Cause” upon notice to Employee. “Cause” for this purpose shall mean any of the following:

  • Termination by Employer Without Cause Employer may terminate the Term (and Executive’s employment) by giving two weeks written notice to Executive. A termination made pursuant to this Section 5.3 is a “termination Without Cause.” A termination made pursuant to Section 5.2 (and satisfying the notice requirement set forth therein) shall under no circumstance be considered a termination Without Cause.

  • By Employer for Cause Employer may terminate Executive's employment under this Agreement for "Cause" (and Executive's employment will be deemed to have been terminated for "Cause") if, as of the date of termination, any of the following circumstances have occurred:

  • Without Cause By Employer Employer may, at its option, at any time terminate this Agreement and Employee’s employment hereunder for no reason or for any reason whatsoever (other than for Cause or as a result of Employee’s death or Disability) by giving written notice of termination to Employee.

  • Termination by Employee Employee may terminate his employment under this Agreement by 60 days' written notice to the Company.

  • Resignation by Employee The Employee may terminate his employment by giving the Company thirty (30) days' advance notice in writing.

  • Voluntary Termination by Employee Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

  • Termination by Employee with Good Reason Employee may terminate his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth with reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such thirty (30) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Employee’s termination will be effective upon the date immediately following the expiration of the thirty (30) day notice period, and Employee shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Employee’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement.

  • Termination by Employee for Cause In the event of a Change of Control (as defined below) of the Company that results in either a substantial reduction or change of title in the Employee’s job duties related to his position as CFO or CEO, ,or a decrease in or a failure to provide the compensation or vested benefits under this Agreement or the Company initiates a substantial reduction or change of title in the Employee’s job duties related to his position as CFO, Employee shall have the right to resign his employment and will be entitled to a lump sum severance payment equal to twelve (12) months of Employee’s then base salary payable within thirty (30) days after the date of termination In addition, Employee will be entitled to payment of all unused vacation days at his current daily rate and a lump sum equal to all deferred salaries and earned bonuses. In addition, all Employee’s then outstanding but unvested stock options shall vest one hundred percent (100%). Employee shall have 12 months from the date written notice is given to Employee about the announcement and closing of a transaction resulting in a Change in Control of the Company that would result in a substantial change in the Employee’s job duties or decrease his compensation or vested benefits under this Agreement to resign or this Section 4(c) shall not apply. In the event Employee resigns from the Company for any other reason, Employee will not be entitled to receive or accrue any further Company benefits or other remuneration under this Agreement, and Employee specifically agrees that he will not be entitled to receive any severance pay. For purposes of this Section 4, a Change in Control shall be deemed to have occurred if any of the following occur:

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