Common use of At Will Termination by Employer Clause in Contracts

At Will Termination by Employer. Employer may terminate Employee at will at any time upon fifteen (15) days prior written notice, or, in the Employer’s sole discretion, the equivalent of two weeks of Base Salary in lieu of notice. If Employer terminates Employee at will under this Section 11(b), Employee shall have no right to receive any compensation or benefit hereunder or otherwise from Employer or any member of the Employer Group on and after the effective date of termination of employment other than (1) unpaid Base Salary earned to the date of termination of employment (which shall be paid on Employer’s next scheduled payroll date), (2) business expense reimbursement pursuant to Section 3(d), and (3) benefits provided pursuant to Section 3(c), subject to the terms and conditions applicable thereto, and (4) twelve (12) months of Base Salary; provided that severance pay shall not exceed an amount equivalent to Base Salary from the date of termination to the date this Agreement would otherwise expire but for earlier termination.

Appears in 2 contracts

Samples: Employment Agreement (Bh Re LLC), Employment Agreement (Bh Re LLC)

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At Will Termination by Employer. Employer may terminate Employee at will at any time upon fifteen (15) days prior written notice, or, in the Employer’s 's sole discretion, the equivalent of two weeks of Base Salary in lieu of notice. If Employer terminates Employee at will under this Section 11(b), Employee shall have no right to receive any compensation or benefit hereunder or otherwise from Employer or any member of the Employer Group on and after the effective date of termination of employment other than (1) unpaid Base Salary earned to the date of termination of employment (which shall be paid on Employer’s 's next scheduled payroll date), (2) business expense reimbursement pursuant to Section 3(d), and (3) benefits provided pursuant to Section 3(c), subject to the terms and conditions applicable thereto, and (4) twelve (12) months of Base Salary; provided that severance pay shall not exceed an amount equivalent to Base Salary from the date of termination to the date this Agreement would otherwise expire but for earlier termination.

Appears in 1 contract

Samples: Employment Agreement (Bh Re LLC)

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At Will Termination by Employer. Employer may terminate Employee at will at any time upon fifteen (15) days prior written notice, or, in the Employer’s sole discretion, the equivalent of two weeks of Base Salary in lieu of notice. If Employer terminates Employee at will under this Section 11(b11 (b), Employee shall have no right to receive any compensation or benefit hereunder or otherwise from Employer or any member of the Employer Group on and after the effective date of termination of employment other than (1) unpaid Base Salary earned to the date of termination of employment (which shall be paid on Employer’s next scheduled payroll date), (2) business expense reimbursement pursuant to Section 3(d), and (3) benefits provided pursuant to Section 3(c), subject to the terms and conditions applicable thereto, and (4) twelve (12) months of Base SalarySalary if Employee is terminated in any year of the Specified Term; provided that severance pay shall not exceed an amount equivalent to Base Salary from the date of termination to the date this Employment Agreement would otherwise expire but for earlier termination.

Appears in 1 contract

Samples: Employment Agreement (Bh Re LLC)

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