Common use of Advance Notice Generally Required Clause in Contracts

Advance Notice Generally Required. (1) To terminate your employment before the end of your Compensation Period, either you or the Company must provide a Termination Notice to the other. A "Termination Notice" is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause. (The failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement.)

Appears in 1 contract

Sources: Employment Agreement (Payless Shoesource Inc /De/)

Advance Notice Generally Required. (1) To terminate your employment before the end of your Compensation PeriodNormal Expiration Date (an "Early Termination"), either you or the Company must provide a Termination Notice to the other. A "Termination Notice" is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause. (The failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement.)

Appears in 1 contract

Sources: Employment Agreement (North Fork Bancorporation Inc)