Common use of Notice and Date of Termination Clause in Contracts

Notice and Date of Termination. Any purported termination of Executive’s employment by ICG LP or by Executive shall be communicated by written “Notice of Termination” to the other party hereto in accordance with Section 10(g) hereof. For purposes of this Agreement, “Notice of Termination” shall mean a notice that shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated. “Date of Termination” shall mean (i) if Executive’s employment is terminated by his death, the date of his death; (ii) if Executive’s employment is terminated as a result of Disability, the date provided in the Notice of Termination; and (iii) if Executive’s employment is terminated pursuant to Sections 6(b) or 6(c), the date specified in the Notice of Termination (or if no such date is specified, the last day of Executive’s active employment with the Company), in each case as provided in accordance with this Agreement. If the Date of Termination is specified in a Notice of Termination, in no event shall the Date of Termination be earlier than the date the Notice of Termination was given pursuant to Section 10(g).

Appears in 4 contracts

Samples: Employment Agreement (Imperial Capital Group, Inc.), Employment Agreement (Imperial Capital Group, Inc.), Employment Agreement (Imperial Capital Group, Inc.)

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Notice and Date of Termination. Any purported termination of Executive’s 's employment under this Agreement, either by ICG LP the Company for Cause or by Executive the Employee for Good Reason, shall be communicated by a written Notice of Termination” Termination (the "Notice") to the other party hereto hereto. The Notice shall specify the particular termination provision in accordance with Section 10(g) hereofthis Agreement relied upon by the terminating party, recite the facts and circumstances claimed to provide the basis for such termination, and specify the Date of Termination. Any such Notice to Executive shall be delivered personally to Executive or delivered to his residence address listed in the Company's personnel records. For purposes of this Agreement, “Notice of Termination” shall mean a notice that shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated. “"Date of Termination” Teimination" shall mean (i) if Executive’s 's employment is terminated by for disability, thirty (30) days after Notice of Termination is given (provided that the Employee shall not have returned to the performance of his duties on a full-time basis during such thirty (30) day period; (ii) if Executive's employment is terminated due to his death, the date of his death; (ii) if Executive’s employment is terminated as a result of Disability, the date provided in the Notice of Termination; and or (iii) if Executive’s 's employment is terminated pursuant to Sections 6(bParagraph 6(a) or 6(c6(d), the date specified in the Notice of Termination (or if no such date is specified, the last day of Executive’s active employment with the Company), in each case as provided in accordance with this Agreement. If the Date of Termination is specified in a Notice of Termination, in no event shall the Date of Termination be earlier than the date the Notice of Termination was given pursuant to Section 10(g).

Appears in 1 contract

Samples: Employment Agreement (Castle Group Inc)

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