Termination and Termination Payments and Rights Sample Clauses

Termination and Termination Payments and Rights. 5.1 Employee has the right to terminate his employment by the Company upon not less than one (1) month prior written notice to the Company. In the event of such elections, Employee's employment shall terminate effective upon the date set forth in such notice. In such event, the Company shall pay Employee all compensation (including Base Salary, as well as any bonus that has been earned on or prior to the date of termination) due him/her to the date of termination.
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Termination and Termination Payments and Rights. Employee has the right to terminate his employment by the Company upon not less than one (1) month prior written notice to the Company. In the event of such election, Employee's employment shall terminate effective upon the date set forth in such notice. In such event, the Company shall pay Employee all compensation (including base salary as well as any bonus that has been earned on or prior to the date of termination) due him to the date of termination. The Company shall have the right to terminate Employee's employment without Cause (as defined below) upon not less than thirty (30) days prior written notice to Employee. If (i) the Company shall terminate Employee's employment without Cause, or (ii) Employee shall terminate his employment for Good Reason (as defined below), the Company shall pay Employee all compensation and benefits due him through the expiration of the term hereof, set forth in paragraph D, or for three (3) months after termination, whichever is later. Such compensation and benefits include, but not limited to, salary at the highest rate paid to Employee prior to such termination, and the continuation of all Employee benefits and perquisites provided to Employee prior to the date of such termination The Company shall have the right to terminate Employee's employment with Cause upon written notice to Employee. In such event, the Company shall pay Employee all compensation due him to the date of his termination. For purposes of this Agreement:
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Termination and Termination Payments and Rights. Subject to modification by Section 10, below the following, the parties shall have the following termination rights:
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Termination and Termination Payments and Rights 
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Related to Termination and Termination Payments and Rights

  • Termination and Termination Pay Subject to Section 12 of this Agreement, Executive’s employment under this Agreement may be terminated in the following circumstances:

  • Termination and Termination Benefits Notwithstanding the provisions of Section 3, the Executive's employment under this Agreement shall terminate under the following circumstances set forth in this Section 6.

  • Xxxx and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • PAYMENTS AND BENEFITS UPON TERMINATION (a) If within eighteen (18) months after a Change in Control, the Company terminates Employee's employment other than by reason of Employee's death, Disability, Retirement or for Cause, or if Employee terminates Employee's employment for Good Reason, then the Employee shall be entitled to the following payments and benefits:

  • Disposition and Termination The Depositor and the Issuer agree to notify the Escrow Agent in writing of any subscription revocations and the Initial Closing date of the Offering. Additionally, subsequent to an Initial Closing, Depositor and the Issuer agree to notify the Escrow Agent in writing of Subsequent Closing dates, if any, and of the termination of the Offering. Upon receipt of such written notification(s), the following procedures will take place:

  • Termination Payments and Benefits Regardless of the circumstances of the Executive’s termination, Executive shall be entitled to payment when due of any earned and unpaid base salary, expense reimbursements and vacation days accrued prior to the termination of Executive’s employment, and other unpaid vested amounts or benefits under Company retirement and health benefit plans, and, as applicable, under Equity Agreements in accordance with their terms, and to no other compensation or benefits.

  • Amendments and Termination This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive.

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Reductions and Terminations In the event of the reduction, lapse, or termination of a policy or policies reinsured under this Agreement or any other agreement, the Ceding Company will, in order to maintain its full retention, reduce or terminate reinsurance on that life. If there is a reduction on a policy reinsured under this Agreement, the Ceding Company's Retained Share will be adjusted, if necessary, and Reinsured Net Amount at Risk will be recalculated, using the new Specified Amount. If the reduction is on a policy not reinsured under this Agreement, the reinsurance reduction will apply first to the policy or policies being reduced and then, on a chronological basis, to other reinsured policies on the life, beginning with the oldest policy. As a result of such reductions, to the extent necessary, the Ceding Company will recalculate the full available retention defined in Exhibit A for each policy reinsured under this Agreement and recalculate Ceding Company's Retained Share and Reinsured Net Amount at Risk for the policy. Reductions in reinsurance under this provision shall be proportionate to the Reinsurer's share of the total amount of reinsurance on the policy.

  • Termination Effect of Termination 44 9.1 TERMINATION................................................44 9.2

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