Ineligible Terminations Clause Samples
The Ineligible Terminations clause defines specific circumstances under which a party is not permitted to terminate the agreement. Typically, this clause lists certain events or breaches that do not qualify as valid grounds for ending the contract, such as minor infractions or issues that do not materially affect the agreement. By clearly outlining what does not constitute a legitimate reason for termination, this clause helps prevent misuse of termination rights and ensures that the contract remains stable unless significant issues arise.
Ineligible Terminations. Notwithstanding subparagraph (a)(i) next above, Executive shall not be eligible for any severance payments or benefits under this section 2 if his employment terminates under any of the following circumstances:
Ineligible Terminations. For avoidance of doubt, the Executive will not receive benefits under this Agreement in any of the following circumstances:
(i) The Executive is involuntarily terminated for Cause.
(ii) The Executive voluntarily terminates employment with the Company for a reason other than Good Reason or for no reason. Voluntary terminations include death, Disability, resignation, retirement, or failure to return from a leave of absence on the scheduled date.