EMPLOYMENT AGREEMENT TERMINATED Sample Clauses

EMPLOYMENT AGREEMENT TERMINATED. Xx. Xxxxxxx and the Company hereby agree to terminate the Employment Agreement, and that this Agreement will replace, extinguish and supersede the Employment Agreement except where otherwise stated herein.
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EMPLOYMENT AGREEMENT TERMINATED. Employee acknowledges that the Employee's obligations to the Company under Sections 5 (Non-Compete), 7 (Rights on Termination), 8 (Return of Company Property), 9 (Inventions) and 10 (Trade Secrets) of the Employment Agreement remain in full force and effect as the binding obligations of the parties to the Employment Agreement, enforceable in accordance with their terms. The Company hereby acknowledges that its obligations to Employee under Sections 7 (Rights on Termination) and 11 (Indemnification) of the Employment Agreement remain in full force and effect as the binding obligations of the parties to the Employment Agreement, enforceable in accordance with their terms. Company hereby acknowledges that is Indemnification obligations to Employee, as set forth in the Employment Agreement, shall apply to any legal action or proceeding that may be brought against Employee in connection with this Agreement.
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EMPLOYMENT AGREEMENT TERMINATED. The parties agree that the Employment Agreement shall terminate in its entirety, immediately prior to the Effective Date, without liability on the part of any party as a consequence thereof.
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EMPLOYMENT AGREEMENT TERMINATED. Except as otherwise expressly set forth below, all terms and conditions of the Employment Agreement dated July 2, 2004 between Executive and Company (the “Employment Agreement”) are hereby terminated, and this Agreement and its attachment expressly supersede any and all previous understandings and agreements between the Company and Executive and constitute the sole and exclusive understanding between the Company and Executive concerning the subjects set forth herein.
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EMPLOYMENT AGREEMENT TERMINATED. Except for the provisions of Article VII “Confidential Information,” the Employment Agreement dated February 25, 1998 between the Company and Xx. Xxxxxxx, is hereby terminated. This Agreement fully governs the employment of Xx. Xxxxxxx through April 30, 2004, and the relationship between Xx. Xxxxxxx and the Company thereafter with respect to his retirement and severance.
Sample 1
EMPLOYMENT AGREEMENT TERMINATED. The Employment Agreement shall be terminated effective as of December 15, 2004. Except as set forth in this Agreement, neither the Company nor the Executive shall have any further obligation under the Employment Agreement.
Sample 1
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Related to EMPLOYMENT AGREEMENT TERMINATED

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • Agreement Termination In the event Contractor is unable to fulfill its responsibilities under this Agreement for any reason whatsoever, including circumstances beyond its control, County may terminate this Agreement in whole or in part in the same manner as for breach hereof.

  • 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.

  • Term of Employment; Termination (a) The “

  • At-Will Employment; 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, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment; Termination (a) This Addendum (including the Schedules hereto) may not be amended without the prior written consent of the Majority Japan Local Currency Banks hereunder and subject to the provisions of Section 8.01 of the Credit Agreement.

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice.

  • 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.

  • Effective Date of Agreement; Termination This Agreement shall become effective when the parties hereto have executed and delivered this Agreement. The obligations of the several Underwriters hereunder shall be subject to termination in the absolute discretion of UBS, if (1) since the time of execution of this Agreement or the earlier respective dates as of which information is given in the Registration Statement, the Preliminary Prospectuses and the Prospectus there has been any change or any development involving a prospective change in the business, properties, management, financial condition or results of operations of the Company and its subsidiaries taken as a whole, the effect of which change or development is, in the sole judgment of UBS, so material and adverse as to make it impractical or inadvisable to proceed with the public offering or the delivery of the Securities on the terms and in the manner contemplated in the Registration Statement, the Preliminary Prospectuses and the Prospectus, or (2) since the time of execution of this Agreement, there shall have occurred: (A) a suspension or material limitation in trading in securities generally on the NYSE, the AMEX or the NASDAQ Global Market; (B) a suspension or material limitation in trading in the Company’s securities on the AMEX; (C) a general moratorium on commercial banking activities declared by either federal or New York State authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States; (D) an outbreak or escalation of hostilities or acts of terrorism involving the United States or a declaration by the United States of a national emergency or war; or (E) any other calamity or crisis or any change in financial, political or economic conditions in the United States or elsewhere, if the effect of any such event specified in clause (D) or (E), in the sole judgment of UBS, makes it impractical or inadvisable to proceed with the public offering or the delivery of the Securities on the terms and in the manner contemplated in the Registration Statement, the Preliminary Prospectuses and the Prospectus or (3) since the time of execution of this Agreement, there shall have occurred any downgrading, or any notice or announcement shall have been given or made of: (A) any intended or potential downgrading or (B) any watch, review or possible change that does not indicate an affirmation or improvement in the rating accorded any securities of or guaranteed by the Company or any subsidiary of the Company by any “nationally recognized statistical rating organization,” as that term is defined in Rule 436(g)(2) under the Act. If UBS elects to terminate this Agreement as provided in this Section 7, the Company and each other Underwriter shall be notified promptly in writing. If the sale to the Underwriters of the Securities, as contemplated by this Agreement, is not carried out by the Underwriters for any reason permitted under this Agreement, or if such sale is not carried out because the Company shall be unable to comply with any of the terms of this Agreement, the Company shall not be under any obligation or liability under this Agreement (except to the extent provided in Sections 4(k), 5 and 9 hereof), and the Underwriters shall be under no obligation or liability to the Company under this Agreement (except to the extent provided in Section 9 hereof) or to one another hereunder.

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