Employment Agreement Termination Sample Clauses

Employment Agreement Termination. The 1996 Employment Agreement is terminated and superceded by this Agreement.
Sample 1
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Employment Agreement Termination. The Current Employment Agreement shall have been terminated by the mutual written agreement of the parties thereto.
Sample 1
Employment Agreement Termination. Subject to and in accordance with -------------------------------- the terms and conditions set forth herein, Sound Source and Bitetti have mutually elected to (a) terminate the Employment Agreement as of the date hereof, (b) to terminate Bitetti's employment as Chairman of the Board of Sound Source effective as of the date hereof and (c) to terminate Bitetti's employment as Chief Executive Officer of Sound Source effective as of the earlier of (i) the date of the appointment of a new Chief Executive Officer or (ii) December 31, 2000 (the "Termination Date"); and Bitetti hereby resigns as Chairman of ---------------- the Board and Chief Executive Officer of Sound Source effective as of the Termination Date. Nothing in this Agreement or in the circumstances surrounding its execution shall be deemed to constitute a unilateral termination of Bitetti's employment as Chairman of the Board and Chief Executive Officer by either Sound Source or Bitetti. Neither the entering into of this Agreement nor anything contained in this Agreement shall be construed as an admission by any party or by anyone else of any wrongdoing or liability of any kind whatsoever, nor shall it constitute evidence of any wrongdoing or liability of any kind whatsoever for any purpose whatsoever.
Sample 1
Employment Agreement Termination. As of the close of business on the Closing Date, after the fulfilment of all of the Company's obligations to Xxxxxx X. Xxxxxx due upon Closing, the Company shall have terminated the Amended and Restated Employment Agreement with Xxxxxx X. Xxxxxx, without liability to Xx. Xxxxxx for any severance or other benefits thereunder.
Sample 1
Employment Agreement Termination. Xxxxxx shall have executed and delivered to the Company an agreement regarding the termination of his Employment Agreement with the Company; the Company (as owned by Sellers) shall be entitled to the deduction for Tax purposes of any amount payable to Xx. Xxxxxx by the Company in connection with termination of the Employment Agreement (but excluding any payments made to Xxxxxx pursuant to the Severance and Consulting Agreement).
Sample 1
Employment Agreement Termination. The 2005 Employment Agreement is hereby terminated.
Sample 1

Related to Employment Agreement Termination

  • 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.

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

  • Term of Employment; Termination (a) The “

  • 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.

  • 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.

  • 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.

  • 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.

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

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

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