Cause; Resignation Sample Clauses
The 'Cause; Resignation' clause defines the circumstances under which an employee may resign, particularly when resignation is prompted by the employer's actions constituting 'cause.' Typically, this clause outlines what constitutes 'cause'—such as material breaches of contract, significant changes in job duties, or unethical conduct by the employer—and specifies the process the employee must follow to resign under these conditions, such as providing written notice and allowing a cure period. Its core function is to protect employees by allowing them to exit the employment relationship without penalty if the employer's conduct justifies such action, thereby allocating risk and ensuring fairness in the employment arrangement.
Cause; Resignation. If the Executive's employment shall be terminated for Cause or the Executive shall resign, this Agreement shall terminate without further obligations to the Executive.
Cause; Resignation. If the Participant’s employment with the Employer is terminated by the Employer for Cause or by the Participant (other than due to the Participant’s death or Disability), then, to the extent not previously vested, all CPUs subject to this Agreement shall be forfeited as of the date of such Separation from Service.
Cause; Resignation. If the Executive's employment shall be terminated for Cause or if the Executive shall resign, except as set forth in Section 3, the Company shall pay the Executive his full salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to the Executive under this Agreement. The Executive agrees that if, subsequent to the Executive's termination of employment with the Company for any reason, he violates the Employee Secrecy Agreement or Section 10 hereof, he shall be entitled to no further amounts hereunder.
Cause; Resignation. If the Executive's employment shall be terminated for Cause or if the Executive shall resign or be deemed to have resigned, the Company shall pay the Executive his full salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to the Executive under this Agreement; provided, however, that if, subsequent to the Executive's termination of employment with the Company other than for Cause, the Company discovers facts that, had such facts been known to the Company at the time of their occurrence, would have enabled the Company to terminate the Executive's employment for Cause, the Executive shall be entitled to no future benefits hereunder and agrees to repay (including without limitation by means of offset against any amount owed to the Executive) to the Company all amounts and benefits in excess of those to which he would have been entitled had the Company terminated his employment for Cause on the Date of Termination. The Executive further agrees that if, subsequent to the Executive's termination of employment with the Company for any reason, he violates the Employee Secrecy Agreement or Section 10 hereof, he shall be entitled to no further amounts hereunder and shall repay (including without limitation by means of offset against any amount owed to the Executive) to the Company all amounts and benefits in excess of those to which he would have been entitled had the Company terminated his employment for Cause on the first date on which such violation occurs.
Cause; Resignation. If Executive's employment shall be terminated for Cause or Executive resigns during the Employment Period, this Agreement shall terminate without further obligations to Executive, except that (i) the Accrued Obligations shall be paid in a lump sum in cash within 30 days of the Date of Termination, and (ii) Other Benefits shall be paid or provided in a timely manner, in each case to the extent theretofore unpaid; provided, however, that Executive's right to continue to participate in Welfare Benefit Plans shall terminate on the 30th day following the Date of Termination, subject to his rights under the Consolidated Omnibus Budget Reconciliation Act of 1985, 29 U.S.C. ss.1161 ET SEQ.
Cause; Resignation. If the Employment is terminated for Cause or by the Employee's voluntary resignation, the Company will continue to pay the Employee the compensation and benefits set forth in Section 3 above through the effective date of such termination.
Cause; Resignation. In the event of (i) gross neglect by the Executive of the Executive’s duties hereunder, (ii) conviction of the Executive of any felony, (iii) conviction of the Executive of any lesser crime or offense involving the property of the Company, Holdings, or any of their respective subsidiaries (the “Subsidiaries”) or affiliates (the “Affiliates”), (iv) willful misconduct by the Executive in connection with the performance of any material portion of the Executive’s duties hereunder, (v) breach by the Executive of any material provision of this Agreement or the Company’s Code of conduct as in effect from time to time or any other conduct on the part of the Executive which would make the Executive’s continued employment by the Company materially prejudicial to the best interests of the Company, the Company may at any time by written notice to the Executive terminate the Term and, upon such termination, this Agreement shall terminate and the Executive shall be entitled to receive no further amounts or benefits hereunder, except any as shall have been earned to the date of such termination, provided that in the case of clause (i), the Executive shall be entitled to written notice from the Company upon the first occurrence of such breach and sixty (60) days to cure such deficiency. In the event the Executive resigns his position with the Company, the Executive shall give the Company sixty (60) days prior notice whereupon the Term shall terminate and the Executive shall be entitled to receive no further amounts or benefits hereunder, except any as shall have been earned to the date of such termination.