DURATION AND TERMINATION OF EMPLOYMENT Sample Clauses

DURATION AND TERMINATION OF EMPLOYMENT. (a) Unless the Executive's employment under this Agreement is otherwise terminated, the term of this Agreement is three (3) years from the Effective Date.
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DURATION AND TERMINATION OF EMPLOYMENT. (a) The term (the "Term") of this Agreement shall begin as of the date hereof and shall continue thereafter unless terminated by either party pursuant to this Section 2 hereof, with or without cause.
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DURATION AND TERMINATION OF EMPLOYMENT. (a) Unless the Executive's employment under this Agreement is otherwise terminated, the term of this Agreement shall commence on the date hereof and end on the earlier of (i) the date of an initial public offering of OCC's common stock in which the Executive (including transferees of his OCC common stock) realizes not less than $1,000,000 from the sale of his OCC common stock or (ii) August 15, 2000. If (i) there has not been a public offering of OCC's common stock prior to August 15, 2000, or (ii) the Executive's employment under this Agreement has not been otherwise terminated, then this Agreement shall be extended, subject to the approval of the Board of Directors, for further one-year terms unless either party advises the other by written notice at least six months before the end of the then current term of its intention to cancel the Agreement.
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DURATION AND TERMINATION OF EMPLOYMENT. The term of this Agreement is for a period of five (5) years, commencing upon July 1, 1997. The employment relationship may be terminated at any time by either party with or without cause. In the even Employee's employment is terminated without Cause, the performance incentive set forth in paragraph 4.b. above shall remain in effect for the remaining term of this Agreement and Employee (or Employee's personal representative or heirs in the case of death) shall continue to receive grants of options under paragraph 4.b. the same as if Employee had continued in the employ of Employer throughout the period of time set forth in paragraph 4.b. hereof. In addition to the foregoing, in the event Employee terminates this Agreement, he shall give Employer at least two weeks prior notice and in the event that Employer terminates this Agreement without cause, Employer shall pay Employee six months severance pay, which shall be paid in six (6) equal monthly installments commencing on the first day of the month following such termination.
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DURATION AND TERMINATION OF EMPLOYMENT. 11.1 This Agreement shall become valid as of 5 January 2009 and is concluded for an indefinite period of time.
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DURATION AND TERMINATION OF EMPLOYMENT. (a) Subject to the early termination provisions set forth in Section 3(b), this Agreement shall have an initial term of one (1) year commencing on the date hereof, and shall renew automatically for successive additional one (1) year periods unless either party shall have delivered to the other written notice of its intention not to renew at least thirty (30) days prior to the expiration of the then current term.
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DURATION AND TERMINATION OF EMPLOYMENT. The term of this Agreement is for a period of five (5) years, commencing upon April 1, 1996. The employment relationship may be terminated at any time by either party with or without cause. In the event that this Agreement is terminated by Employer without cause, then until the sooner of a period of one year (1) subsequent to such termination, or until Employee obtains other employment, Employer shall continue to pay Employee's base annual compensation, determined upon the date of such termination, and shall continue to provide health insurance coverage to Employee and Employee's spouse upon terms identical to that prior to the termination of this Agreement. Termination without cause will not terminate Employee's stock options hereunder. This paragraph shall survive termination of this agreement.
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DURATION AND TERMINATION OF EMPLOYMENT. 4.1 This contract will commence on / / (YYYY / MM / DD), and will terminate on / / (YYYY / MM / DD), or be terminated in the following circumstances:
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DURATION AND TERMINATION OF EMPLOYMENT 
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Related to DURATION AND TERMINATION OF EMPLOYMENT

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

  • Term of Employment and Termination The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company may be terminated by either Party at any time for any or no reason (subject to the notice requirements of this Section 4). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. The term of this Agreement and Executive’s employment hereunder shall commence on the Effective Date and continue until terminated as set forth in this Section 4. The date on which Executive’s employment terminates, as determined by the Company, regardless of the reason, shall be referred to herein as the “Separation Date.” Upon termination of Executive's employment for any reason, Executive shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its subsidiaries.

  • Employment and Termination Neither the Plan, this Agreement nor any related documents, communications or other material shall give Employee the right to continued employment by BellSouth or by any Subsidiary or shall adversely affect the right of any such company to terminate Employee's employment with or without cause 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.

  • 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.

  • 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.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • 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:

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