Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to Xxxxxx, to terminate the employment of Xxxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxxx for twenty-four (24) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Xxxxxx.
Removal Without Cause. The Manager may be removed for any reason (or for no reason) upon the affirmative vote of a Majority-in-Interest of each Class of the Members.
Removal Without Cause. If Participant is terminated as an employee by the Company without cause, all Restricted Stock shall become vested as of the date of the Participant's termination.
Removal Without Cause. The Corporation or the Bank shall have the right at any time, upon written notice to Featherman, to terminate , "without cause", the employment of Feaxxxxxxx xereunder. If such termination by the Corporation or xxx Xxxx xs not by reason of death, disability or For Cause pursuant to this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Featherman for the remainder of the Term or for one year, whicxxxxx xx longer, at the rates, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Featherman.
Removal Without Cause. The President of Porterville College, serves in the administrative assignment at the pleasure of the Board and may be removed from such assignment by the Chancellor, without cause or any reason after thirty (30) days advance written notice, or as otherwise agreed to by both parties. The President shall have no right of appeal or any other rights except as set forth and herein or otherwise required by law. In consideration for the exercise of this right, the District shall pay to the President the sum of $1. The parties agree that the payments made pursuant to this termination without cause provision, along with the District's agreement to allow the President to retreat to a faculty position as constitutes reasonable liquidated damages for the President, fully compensates the President for all tort, contract, and other damages of any nature whatsoever, whether in law or equity, and does not result in a penalty. The parties agree that this provision meets the requirements governing maximum cash settlements as set forth in Government Code sections 53260 et seq.
Removal Without Cause. In the event that (a) Xx. Xxxxxxx is removed from the Board without cause, or (b) the Company's shareholders fail to elect Xx. Xxxxxxx to the Board at any Annual General Meeting occurring during the Term of this Agreement, then this Agreement shall immediately terminate, and Xx. Xxxxxxx shall have no further obligations of any kind under or arising out of this Agreement; provided, however, that the provisions of Section 6 below shall continue to remain in full force and effect. The Company shall be obligated to pay Xx. Xxxxxxx the following:
Removal Without Cause. The Interim President serves in the administrative assignment at the pleasure of the Board and may be removed from such assignment by the Chancellor, without cause or any reason after thirty (30) days’ advance written notice, or as otherwise agreed to by both parties. The Interim President shall have no right of appeal or any other rights except as set forth herein or otherwise required by law. In consideration for the exercise of this right, the District shall pay to the Interim President the sum of $1. The parties agree that the payments made pursuant to this termination without cause provision, along with the District's agreement to allow the Interim President to retreat to a year one faculty position as constitutes reasonable liquidated damages for the Interim President, fully compensates the Interim President for all tort, contract, and other damages of any nature whatsoever, whether in law or equity, and does not result in a penalty. The parties agree that this provision meets the requirements governing maximum cash settlements as set forth in Government Code section 53260 et seq.
Removal Without Cause. For so long as the stockholders of the Corporation are entitled to cumulative voting, if at any time less than the entire Board of Directors is to be removed, no Director may be removed from office without cause if the votes cast against his removal would be sufficient to elect him as a Director if then cumulatively voted at an election of the entire Board of Directors.
Removal Without Cause. A Super-Majority in Interest of the Class B Members may, at their option at any time and for any reason require the removal, effective as of a date not less than 90 days and not more than 180 days from the date of notice to the Managing Member of such removal, of the Managing Member from the Company and the substitution of another Person as Managing Member of the Company in lieu thereof (which successor Managing Member shall be approved by a Super-Majority in Interest of the Class B Members); provided that all votes purporting to constitute the Super-Majority in Interest of the Class B Members for purposes of the foregoing must be solicited and obtained during a 45-day period.
Removal Without Cause. A Majority in Interest of the Limited Partners may, at their option at any time require the removal, effective as of a quarter end date not less than 30 days from the date of notice to the General Partner of such removal, of the General Partner from the Partnership and the substitution of another Person as general partner of the Partnership in lieu thereof (which successor general partner shall be approved by a Majority in Interest of the Limited Partners and which removal shall be effected in accordance with the procedures set forth in Section 8.1(f)).
