Company's Option to Terminate Sample Clauses

Company's Option to Terminate. Executive after Notice of Termination. The Company, or, if notice is given by the Company, the Executive, may, at any time during the period after notice of termination by the Executive or the Company and before the date of termination specified in the notice given in accordance with Section 4.1 or Section 4.2, as the case may be (the "Notice Period"), elect to terminate this Agreement and the Executive's employment hereunder immediately. In such event the Company shall pay the Executive an amount equal to all Accrued Obligations he would have received or been entitled to for the duration of the Notice Period at the rate provided in Article II. Such amounts shall be paid within thirty (30) days after the election pursuant to this Section 4.3(h). Nothing contained in this Section 4.3(h) shall be deemed to reduce in any way any amounts due the Executive pursuant to any other term or provision of this Article IV.
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Company's Option to Terminate. This Agreement may be terminated by the Company immediately at any time without Cause pursuant to this Section 5.04 upon notice given by the Company to the Employee, after due authorization by the Board of Directors. Such notice shall specify the date when such termination shall be effective. A notice given by the Company pursuant to Section 1.03 to terminate this Agreement at the end of the Initial Term or any Extension Term, as the case may be, shall be deemed to be a termination without Cause pursuant to this Section 5.04. In the event of the termination of this Agreement by the Company without Cause pursuant to this Section 5.04, the Company shall continue to pay to Employee, not less frequently than monthly, his Base Salary (subject to standard deductions) at the rate in effect as of such termination from the date of such termination through the date which is the latest to occur of the following: (a) the date on which the Initial Term or Extension Term then in effect, as the case may be, expires, (b) the date which is twelve (12) months after the date of the Company's termination of this Agreement without Cause pursuant to this Section 5.04 or (c) the date on which the Non-Competition Period (as hereinafter defined) expires. As used herein, the term "Non-Competition Period" shall mean the two-year period after the termination of this Agreement referred to in Section 6.08; provided, however, in the event that the Company shall give notice to Employee pursuant to this Section 5.04 that the Company shall not require Employee to comply with the provisions of Section 6.08 after a date prior to the expiration of such two-year period after the termination of this Agreement, the "Non-Competition Period" shall mean the period commencing on the date of the termination of this Agreement and ending on the date specified in the Company's notice respecting the shortening or elimination of the period for compliance with Section 6.08, as the case may be. The Company shall have no further obligations to Employee hereunder after the termination of this Agreement pursuant to this Section 5.04 except for the payments of Base Salary as set forth in this Section 5.04.
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Company's Option to Terminate. Employee after Notice of Termination. The Company, or, if notice is given by the Company, the Employee, may, at any time during the period after notice of termination by the Employee or the Company and before the date of termination specified in the notice given in accordance with Section 4.01, as the case may be (the "Notice Period"), elect to terminate this Agreement and the Employee's employment hereunder immediately. In such event the Company shall pay the Employee an amount equal to all Accrued Obligations he would have received or been entitled to for the duration of the Notice Period at the rate provided in Article II. Such amounts shall be paid within five (5) days after the election pursuant to this Section 4.02(h). Nothing contained in this Section 4.02(h) shall be deemed to reduce in any way any amounts due the Employee pursuant to any other term or provision of this Article IV.
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Company's Option to Terminate. This Agreement may be terminated by the Company immediately at any time without Cause upon notice given by the Company to the Employee. In the event the Company so elects to terminate this Agreement without Cause, the Company shall continue to pay to the Employee his monthly base salary (subject to standard deductions) through the lesser of (a) the balance of the term of this Agreement or (b) twelve (12) months, whereupon the Company shall have no further obligations to Employee; provided, however; in the event that the Company elects to require Employee to comply with the restrictions of Section 6.08 for any period (the "Uncompensated Period") of time during which Employee is not receiving from the Company salary or termination payments (the Company shall advise Employee of such election at the time of termination), then the Company shall pay Employee on the first day of each calendar month during the Uncompensated Period his then effective current monthly salary.
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Related to Company's Option to Terminate

  • Option to Terminate The Client and Contractor shall: (check one) ☐ - Have the option to terminate this Agreement at any time by providing days’ written notice. ☐ - Not have the option to terminate this Agreement unless there is reasonable cause, as defined in Section VII.

  • Election to Terminate In the event the Project is damaged by fire, explosion, or any other casualty, the Company shall be entitled to terminate this Agreement.

  • Notice to Terminate Notify Seller in writing that this Contract is terminated; or

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • OPTION TO TERMINATE AGREEMENT In the event that any payment otherwise due from the Applicant to the District under Article IV, Article V, or Article VI of this Agreement with respect to a Tax Year is subject to reduction in accordance with the provisions of Section 7.1, then the Applicant shall have the option to terminate this Agreement. The Applicant may exercise such option to terminate this Agreement by notifying the District of its election in writing not later than the July 31 of the year following the Tax Year with respect to which a reduction under Section 7.1 is applicable. Any termination of this Agreement under the foregoing provisions of this Section 7.2 shall be effective immediately prior to the second Tax Year next following the Tax Year in which the reduction giving rise to the option occurred.

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

  • Our Right to Terminate We may terminate this Client Agreement and close your Account and any Position at any time by giving you thirty (30) days’ written notice. This right is in addition to any other rights to terminate this Client Agreement or close your Account that we may have under this Client Agreement.

  • Your Right to Terminate You may also terminate this Client Agreement or close your Account at any time by giving us written notice. Your Account will be closed as soon as reasonably practicable after we have received notice, all open Contracts are closed, Orders are cancelled, and all of your obligations are discharged.

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

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