Common use of Notice and Date of Termination Clause in Contracts

Notice and Date of Termination. Any termination by the Company, or by Executive, shall be communicated by Notice of Termination to the other party given in accordance with Section 7 hereof. For purposes of this Agreement, a “Notice of Termination” is a written notice which indicates the specific termination provision in this Agreement relied upon and sets forth such additional information as may be required in Section 4.2 or Section 4.3 hereof, to the extent applicable. The “Date of Termination” means (i) if Executive’s employment is terminated by the Company for Cause, the Date of Termination shall be as of the date of Executive’s receipt of the Company’s Notice of Termination, subject to any applicable cure period; (ii) if Executive’s employment is terminated by Executive for Good Reason, the Date of Termination shall be the last day of the 45 day period after delivery of Executive’s Notice of Termination; (iii) if Executive’s employment is terminated by reason of death of the Executive, the date of death shall be the Date of Termination; (iv) if the Executive’s employment is terminated by reason of Disability, the Date of Termination shall be the date of determination of Disability by the Board; (v) if the Executive’s employment is terminated by the Company other than for Cause, death, Disability or Retirement, the Date of Termination shall be the date of receipt of the Notice of Termination by Executive; or (vi) if the Executive terminates his employment other than for Good Reason, the Date of Termination shall be date of receipt of the Notice of Termination by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Ascent Solar Technologies, Inc.), Employment Agreement (Ascent Solar Technologies, Inc.)

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Notice and Date of Termination. Any termination by the Company, or by Executive, shall be communicated by Notice of Termination to the other party given in accordance with Section 7 10 hereof. For purposes of this Agreement, a “Notice of Termination” is a written notice which indicates the specific termination provision in this Agreement relied upon and sets forth such additional information as may be required in Section 4.2 or Section 4.3 hereof, to the extent applicable. The “Date of Termination” means (i) if Executive’s employment is terminated by the Company for Cause, the Date of Termination shall be as of the date of Executive’s receipt of the Company’s Notice of Termination, subject to any applicable cure period; (ii) if Executive’s employment is terminated by Executive for Good Reason, the Date of Termination shall be the last day of the 45 day period after delivery of Executive’s Notice of Termination; (iii) if Executive’s employment is terminated by reason of death of the Executive, the date of death shall be the Date of Termination; (iv) if the Executive’s employment is terminated by reason of Disability, the Date of Termination shall be the date of determination of Disability by the Board; (v) if the Executive’s employment is terminated by the Company other than for Cause, death, Disability or Retirement, the Date of Termination shall be the date of receipt of the Notice of Termination by Executive; or (vi) if the Executive terminates his employment other than for Good Reason, the Date of Termination shall be date of receipt of the Notice of Termination by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Ascent Solar Technologies, Inc.), Employment Agreement (Ascent Solar Technologies, Inc.)

Notice and Date of Termination. Any termination of the Executive's employment by the Company, Company or by Executive, the Executive shall be communicated by Notice a written notice of Termination termination to the other party given in accordance with Section 7 hereof. For purposes of this Agreement, a “(the "Notice of Termination” is a written notice which indicates "). Where applicable, the Notice of Termination shall indicate the specific termination provision in this Agreement relied upon and sets shall set forth such additional information as may in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. Unless the Board determines otherwise, a Notice of Termination by the Executive alleging a termination for Good Reason must be required in Section 4.2 made within 180 days of the act or Section 4.3 hereof, failure to act that the extent applicableExecutive alleges to constitute Good Reason. The date of the Executive's termination of employment with the Company (the "Date of Termination” means ") shall be determined as follows: (i) if the Executive’s 's employment is terminated by the Company for Company, either with or without Cause, the Date of Termination shall be as the date specified in the Notice of Termination (which, in the case of a termination by the Company other than for Cause, shall not be less than two (2) weeks from the date such Notice of Termination is given unless the Company elects to pay the Executive, in addition to any other amounts payable hereunder, an amount equal to two (2) weeks of the date of Executive’s receipt of 's Annual Base Salary in effect on the Company’s Notice Date of Termination), subject to any applicable cure period; and (ii) if the basis for the Executive’s employment 's Involuntary Termination is terminated by Executive his resignation for Good Reason, the Date of Termination shall be determined by the last day of the 45 day period after delivery of Executive’s Notice of Termination; Company, but shall not in any event be less than fifteen (iii15) if Executive’s employment is terminated by reason of death of the Executive, days nor more than sixty (60) days from the date of death shall be the Date of Termination; (iv) if the Executive’s employment is terminated by reason of Disability, the Date of Termination shall be the date of determination of Disability by the Board; (v) if the Executive’s employment is terminated by the Company other than for Cause, death, Disability or Retirement, the Date of Termination shall be the date of receipt of the such Notice of Termination by Executive; or (vi) if the Executive terminates his employment other than for Good Reason, the Date of Termination shall be date of receipt of the Notice of Termination by the Companyis given.

Appears in 1 contract

Samples: Sempra Energy Severance Pay Agreement (Sempra Energy)

Notice and Date of Termination. Any termination by the CompanyProAssurance, or by Executive, shall be communicated by Notice of Termination to the other party given in accordance with Section 7 9 hereof. For purposes of this Agreement, a "Notice of Termination" is a written notice which indicates the specific termination provision in this Agreement relied upon and sets forth such additional information as may be required in Section 4.2 or Section 4.3 hereof, to the extent applicable. The "Date of Termination" means (i) if Executive’s 's employment is terminated by the Company ProAssurance for Cause, the Date of Termination shall be as of the date of Executive’s 's receipt of the Company’s ProAssurance's Notice of Termination, subject to any applicable cure period; (ii) if Executive’s 's employment is terminated by Executive for Good Reason, the Date of Termination shall be the last day of the 45 day period after delivery of Executive’s 's Notice of TerminationTermination (or, if earlier, upon receipt a written notice stating that the circumstances cannot or shall not be rectified); (iii) if Executive’s 's employment is terminated by reason of death of the Executive, the date of death shall be the Date of Termination; (iv) if the Executive’s 's employment is terminated by reason of Disability, the Date of Termination shall be the date of determination of Disability by the Board; (v) if the Executive’s 's employment is terminated by the Company ProAssurance other than for Cause, death, Disability or Retirement, the Date of Termination shall be the date of receipt of the Notice of Termination by Executive; or (vi) if the Executive terminates his employment other than for Good Reason, the Date of Termination shall be date of receipt of the Notice of Termination by ProAssurance (unless otherwise mutually agreed by the Companyparties).

Appears in 1 contract

Samples: Employment Agreement (Proassurance Corp)

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Notice and Date of Termination. Any termination by the CompanyProAssurance, or by Executive, shall be communicated by Notice of Termination to the other party given in accordance with Section 7 10 hereof. For purposes of this Agreement, a “Notice of Termination” is a written notice which indicates the specific termination provision in this Agreement relied upon and sets forth such additional information as may be required in Section 4.2 4.2, Section 4.3 or Section 4.3 4.4 hereof, to the extent applicable. The “Date of Termination” means (i) if Executive’s employment is terminated by the Company ProAssurance for Cause, the Date of Termination shall be as of the date of Executive’s receipt of the CompanyProAssurance’s Notice of Termination, subject to any applicable cure period; (ii) if Executive’s employment is terminated by Executive for Good Reason, the Date of Termination shall be the last day of the 45 day period after delivery of Executive’s Notice of Termination; (iii) if Executive’s employment is terminated by reason of death of the Executive, the date of death shall be the Date of Termination; (iv) if the Executive’s employment is terminated by reason of Disability, the Date of Termination shall be the date of determination of Disability by the BoardBoard of Directors of ProAssurance ; (v) if the Executive’s employment is terminated by the Company ProAssurance other than for Cause, death, or Disability or Retirement, the Date of Termination shall be the date of receipt of the Notice of Termination by Executive; or (vivii) if the Executive terminates his employment other than for Good Reason, including termination by the Executive for Health Reasons, the Date of Termination shall be date of receipt of the Notice of Termination by the CompanyProAssurance.

Appears in 1 contract

Samples: Employment Agreement (Proassurance Corp)

Notice and Date of Termination. Any termination by the CompanyProAssurance, or by Executive, shall be communicated by Notice of Termination to the other party given in accordance with Section 7 9 hereof. For purposes of this Agreement, a "Notice of Termination" is a written notice which indicates the specific termination provision in this Agreement relied upon and sets forth such additional information as may be required in Section 4.2 or Section 4.3 hereof, to the extent applicable. The "Date of Termination" means (i) if Executive’s 's employment is terminated by the Company ProAssurance for Cause, the Date of Termination shall be as of the date of Executive’s 's receipt of the Company’s ProAssurance's Notice of Termination, subject to any applicable cure period; (ii) if Executive’s 's employment is terminated by Executive for Good Reason, the Date of Termination shall be the last day of the 45 day period after delivery of Executive’s 's Notice of Termination; (iii) if Executive’s 's employment is terminated by reason of death of the Executive, the date of death shall be the Date of Termination; (iv) if the Executive’s 's employment is terminated by reason of Disability, the Date of Termination shall be the date of determination of Disability by the Board; (v) if the Executive’s 's employment is terminated by reason of Retirement, the Company Date of Termination shall be the last day of employment of Executive; (vi) if the Executive's employment is terminated by ProAssurance other than for Cause, death, Disability or Retirement, the Date of Termination shall be the date of receipt of the Notice of Termination by Executive; or (vivii) if the Executive terminates his employment other than for Good Reason, the Date of Termination shall be date of receipt of the Notice of Termination by the CompanyProAssurance.

Appears in 1 contract

Samples: Employment Agreement (Proassurance Corp)

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