Common use of Termination and Resignation Clause in Contracts

Termination and Resignation. The Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below.

Appears in 7 contracts

Samples: Employment Agreement (Southdown Inc), Employment Agreement (Envoy Corp /Tn/), Employment Agreement (Southdown Inc)

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Termination and Resignation. The Company shall have the right to terminate the Executive's ’s employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph Subsection of Paragraph Section 7 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon the Executive will be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph Subsection of Paragraph Section 7 below.

Appears in 4 contracts

Samples: Employment Agreement (Cavco Industries Inc), Employment Agreement (Cavco Industries Inc), Employment Agreement (Cavco Industries Inc)

Termination and Resignation. The Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph Subsection of Paragraph Section 7 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon the Executive will be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph Subsection of Paragraph Section 7 below.

Appears in 2 contracts

Samples: Employment Agreement (Cavco Industries Inc), Employment Agreement (Cavco Industries Inc)

Termination and Resignation. The Notwithstanding Paragraph 5, the Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below.

Appears in 2 contracts

Samples: Executive Employment Agreement (Private Business Inc), Executive Employment Agreement (Private Business Inc)

Termination and Resignation. The Notwithstanding Section 5, the Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below.

Appears in 1 contract

Samples: Executive Employment Agreement of Pete Scully (Private Business Inc)

Termination and Resignation. The Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph sub-paragraph of Paragraph 7 6 below. The Executive shall have the right to terminate his employment hereunder at any time by retirement or resignation, and he shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph sub-paragraph of Paragraph 7 6 below.

Appears in 1 contract

Samples: Employment Agreement (Westlake Chemical Corp)

Termination and Resignation. The Notwithstanding Section 5, the Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below.

Appears in 1 contract

Samples: Executive Employment Agreement of Thomas (Private Business Inc)

Termination and Resignation. The Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon . Upon any such termination by the Company, Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below.applicable

Appears in 1 contract

Samples: Employment Agreement (Marsh Supermarkets Inc)

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Termination and Resignation. The During the Initial Term, the Company shall have the right to terminate the Executive's employment hereunder at any time only for Cause. Following the Initial Term, the Company shall have the right to terminate Executive's employment hereunder at any time and for any reason. Upon any termination by the Company, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount amounts determined pursuant to the applicable subparagraph of Paragraph 7 below6. The Executive shall have the right to terminate his her employment hereunder at any time by resignation, and he she shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 6 below.

Appears in 1 contract

Samples: Employment Agreement (Envoy Corp /Tn/)

Termination and Resignation. The Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 below.the

Appears in 1 contract

Samples: Employment Agreement (Quintiles Transnational Corp)

Termination and Resignation. The Company Corporation shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the Executive shall be entitled to receive from the Company Corporation prompt payment of the amount determined pursuant to the applicable subparagraph Subsection of Paragraph 7 Section 9 below. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon be entitled to receive from the Company Corporation prompt payment of the amount determined pursuant to the applicable subparagraph Subsection of Paragraph 7 Section 9 below.

Appears in 1 contract

Samples: Executive Employment Agreement (Centex Development Co Lp)

Termination and Resignation. The During the Initial Term, the Company shall have the right to terminate the Executive's employment hereunder at any time only for Cause. Following the Initial Term, the Company shall have the right to terminate Executive's employment hereunder at any time and for any reason. Upon any termination by the Company, and upon any such termination the Executive shall be entitled to receive from the Company prompt payment of the amount amounts determined pursuant to the applicable subparagraph of Paragraph 7 below6. The Executive shall have the right to terminate his employment hereunder at any time by resignation, and he shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph of Paragraph 7 6 below.

Appears in 1 contract

Samples: Employment Agreement (Envoy Corp /Tn/)

Termination and Resignation. The During the Employment Period, the Company shall have the right to terminate the Executive's employment hereunder at any time and for any reason, and upon any such termination the thereupon Executive shall be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph provisions of Paragraph 7 Section 6 below. The During the Employment Period, Executive shall have the right to terminate his employment hereunder at any time by resignationand for any reason, and he thereupon Executive shall thereupon be entitled to receive from the Company prompt payment of the amount determined pursuant to the applicable subparagraph provisions of Paragraph 7 Section 6 below.. In furtherance of the foregoing, and for the avoidance of doubt, Executive and the Company agree to the following additional provisions relating to termination of Executive's employment:

Appears in 1 contract

Samples: Change in Control Agreement (Cti Molecular Imaging Inc)

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