Cancellation of Employment Agreement and Termination of Employment Sample Clauses

Cancellation of Employment Agreement and Termination of Employment. Immediately prior to the Closing Date, the Employment Agreement shall be cancelled in its entirety, and the parties thereto shall have no further rights or obligations thereunder and the Executive’s employment shall terminate.
Sample 1
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Cancellation of Employment Agreement and Termination of Employment. Fiscxxx'x xxxloyment by the Company is terminated and the Employment Agreement is cancelled effective as of the close of business on March 13, 2000 (the "Effective Time"). From and after the Effective Time, (a) Fiscxxx xxxll not be required to perform any duties for the Company or be bound by any restrictive covenants other than as set forth herein, (b) Fiscxxx xxxll have no further rights with respect to her employment relationship with the Company other than as set forth herein and (c) neither Fiscxxx (xx the one hand) nor the Company (on the other hand) shall have any further rights or obligations under the Employment Agreement. Fiscxxx xxxeby resigns from all corporate offices held with the Company and any subsidiary or affiliate of the Company, and as a member of the Board of Directors of the Company and each of its subsidiaries and affiliates, as of the Effective Time.
Sample 1

Related to Cancellation of Employment Agreement and Termination of Employment

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • 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.

  • Termination of Employment and Options Vested Options shall terminate, to the extent not previously exercised, upon the occurrence of the first of the following events:

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

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