Retirement of the Executive Sample Clauses

Retirement of the Executive. (a) The Executive’s retirement date shall be April 1, 2013 (the “Retirement Date”). If the Executive voluntarily terminates his employment prior to the Retirement Date, this Agreement shall become null and void.
Sample 1
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Retirement of the Executive. Effective as of August 31, 2014, the Executive will cease to hold the position of Chief Operating Officer of the Parent. During the period from August 31, 2014, until the Effective Date the Executive shall continue to be an employee and shall act as an advisor to the Chief Operating Officer of the Parent and perform such duties as may be reasonably assigned by the President and Chief Executive Officer. As of the Effective Date, the Executive will retire and the Executive’s employment pursuant to the Prior Agreement will terminate. It is acknowledged that such termination of employment is a voluntary resignation by the Executive pursuant to Section 9.1(a) of the Prior Agreement and the only compensation or benefits whatsoever the Executive is entitled to with respect to such termination are those set out in Sections 3 and 4 of this Agreement.
Sample 1
Retirement of the Executive. In the event of the Executive’s termination due to Retirement pursuant to Section 5.4, the Executive shall be entitled to the following:
Sample 1
Retirement of the Executive. The Company agrees to continue to employ the Executive, and the Executive agrees to continue to be employed by the Company, in accordance with the terms and conditions hereof, from the Effective Date through the Retirement Date, subject to earlier termination in accordance with the provisions of Section 3. The Executive shall be an employee at will and this Agreement shall not constitute a guarantee of employment. Each of the parties acknowledges and agrees that either party may terminate the Executive’s employment at any time, for any reason, with or without Cause (as defined in Section 3(a)(i)). The period commencing on the Effective Date and ending on the Retirement Date (or any earlier effective date of the termination of the Executive’s employment) is hereinafter referred to as the “Transition Period.” For the avoidance of doubt, the Executive acknowledges and agrees that his relinquishment of the title and duties of Chief Executive Officer of PVH, and his employment on the terms and conditions set forth herein, do not constitute the basis for the Executive to terminate his employment for “Good Reason” under the Employment Agreement nor give rise to any other claim thereunder.
Sample 1

Related to Retirement of the Executive

  • Compensation of the Executive 3 4. Termination..............................................................4 5.

  • Termination of Employment by the Executive During the Term, the Executive may terminate employment with the Company with or without Good Reason (as defined below) by delivering to the Company, not less than thirty (30) days prior to the Termination Date, a written notice of termination; provided, that, if such termination of employment is by the Executive with Good Reason, such notice shall state in reasonable detail the facts and circumstances that constitute Good Reason. This provision does not change the at-will nature of Executive's employment, and the Company may end Executive's employment, pursuant to Executive's notice, prior to the expiration of the thirty (30) days' notice.

  • Death of the Executive In the event of the Executive’s death before all payments or benefits the Executive is entitled to receive under this Agreement have been provided, the unpaid amounts will be provided to the Executive’s designated beneficiary, if living, or otherwise to the Executive’s personal representative in a single lump sum as soon as possible following the Executive’s death.

  • Duties of the Executive During the Employment the Executive shall:

  • AGREEMENTS OF THE EXECUTIVE In consideration of the compensation and benefits to be paid or provided to the Executive by the Employer under this Agreement, the Executive covenants as follows:

  • Termination of Employment by the Executive for Good Reason Subject to the notice and cure provisions set forth below, the Executive may terminate the Executive’s employment with the Company for Good Reason and receive the Severance Package provisions of Section 5 if any of the following have occurred without the Executive’s written consent (“Good Reason”):

  • Death of the Employee The TERM automatically terminates upon the death of the EMPLOYEE. In the event of such death, the EMPLOYEE's estate shall be entitled to receive the compensation due the EMPLOYEE through the last day of the calendar month in which the death occurred, except as otherwise specified herein.

  • Agreements of the Employee In consideration of the compensation and benefits to be paid or provided to the Employee by the Employer under this Agreement, the Employee covenants as follows:

  • By the Executive The Executive may terminate the Employment at any time with a three-month prior written notice to the Company or by payment of three months’ salary in lieu of notice. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation or an alternative arrangement with respect to the Employment is approved by the Board.

  • Term of Employment and Termination The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company may be terminated by either Party at any time for any or no reason (subject to the notice requirements of this Section 4). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. The term of this Agreement and Executive’s employment hereunder shall commence on the Effective Date and continue until terminated as set forth in this Section 4. The date on which Executive’s employment terminates, as determined by the Company, regardless of the reason, shall be referred to herein as the “Separation Date.” Upon termination of Executive's employment for any reason, Executive shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its subsidiaries.

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