Common use of Date of Termination of Employment Clause in Contracts

Date of Termination of Employment. Date of Termination" shall mean (i) if Employee's employment is terminated by his death, the date of his death; (ii) if Employee's employment is terminated for disability pursuant to subparagraph 5(b) above, 30 days after Notice of Termination is given (provided that Employee shall not have returned to the performance of his duties during such thirty-day period); (iii) if Employee's employment is terminated for any other reason, the date specified in the Notice of Termination which shall not be less than 10 days nor more than 60 days from the date Notice of Termination is given; provided that if within 30 days after any Notice of Termination is given the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the Date of Termination shall be the date on which the dispute is finally determined, either by mutual written agreement of the parties, by a binding and final arbitration award or by a final judgment, order or decree of a court of competent jurisdiction (the time for appeal therefrom having expired and no appeal having been perfected).

Appears in 5 contracts

Samples: Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/)

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Date of Termination of Employment. Date of Termination" shall mean (i) if Employee's Executive’s employment is terminated by his death, the date of his death; (ii) if Employee's Executive’s employment is terminated for disability pursuant to subparagraph 5(b) above, 30 days after Notice of Termination is given (provided that Employee Executive shall not have returned to the performance of his duties during such thirty-day period); (iii) if Employee's Executive’s employment is terminated for any other reason, the date specified in the Notice of Termination which shall not be less than 10 30 days nor more than 60 days from the date Notice of Termination is givengiven (except as provided in subparagraph 5(d)); provided that if within 30 days after any Notice of Termination is given the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the Date of Termination shall be the date on which the dispute is finally determined, either by mutual written agreement of the parties, by a binding and final arbitration award or by a final judgment, order or decree of a court of competent jurisdiction (the time for appeal therefrom having expired and no appeal having been perfected).

Appears in 3 contracts

Samples: Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/)

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Date of Termination of Employment. Date of Termination" shall mean (i) if the Employee's employment is terminated by his death, the date of his death; (ii) if the Employee's employment is terminated for disability pursuant to subparagraph 5(b) above, 30 thirty days after Notice of Termination is given (provided that the Employee shall not have returned to the performance of his duties during such thirty-day period); (iii) if the Employee's employment is terminated for any other reason, the date specified in the Notice of Termination which shall not be less than 10 days nor more than 60 days from the date Notice of Termination is given; provided that if within 30 thirty days after any Notice of Termination is given the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the Date of Termination shall be the date on which the dispute is finally determined, either by mutual written agreement of the parties, by a binding and final arbitration award or by a final judgment, order or decree of a court of competent jurisdiction (the time for appeal therefrom having expired and no appeal having been perfected).

Appears in 3 contracts

Samples: Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/), Employment Agreement (Northfield Laboratories Inc /De/)

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