Involuntary Termination of Employment During Term Clause Samples
The 'Involuntary Termination of Employment During Term' clause defines the conditions and procedures under which an employer may terminate an employee's contract before the agreed-upon end date, without the employee's consent. Typically, this clause outlines specific grounds for termination, such as misconduct, poor performance, or redundancy, and may detail notice requirements or severance entitlements. Its core function is to provide a clear framework for ending employment prematurely, thereby protecting both parties by setting expectations and reducing the risk of disputes.
Involuntary Termination of Employment During Term. (a) If Executive's employment is involuntarily terminated by the Company without Cause during the Term, such termination of employment will be a Triggering Event, and the Company shall pay or provide Executive the compensation and benefits described in Article III.
(b) If Executive's employment is involuntarily terminated by the Company for Cause during the Term, such termination of employment will NOT be a Triggering Event, and Executive will NOT be entitled to receive any compensation or benefits under the provisions of this Agreement except as otherwise specifically set forth herein.