Termination by Arctic Without Cause Sample Clauses

Termination by Arctic Without Cause. This Agreement and the employment of the Employee hereunder may be terminated by Arctic effective at any time without cause by giving the Employee at least 24 months' prior written notice of termination. In the event such notice is given, the employment of the Employee shall terminate on the date specified in the said notice. In lieu of notice, Arctic may, in its discretion, terminate the employment of the Employee immediately by making payments to the Employee of all salary and bonus, equal to the salary and bonus received by the Employee with respect to the last completed fiscal year of Arctic prior to such notice and continuing (if possible, and in accordance with applicable statutory provisions, or if not, paying the present value of) all benefits which would have accrued to the benefit of the Employee to the date of termination had the period of notice of termination required by this Agreement been given. The parties hereto acknowledge that this Agreement and the period of notice referred to herein are fair and reasonable in all the circumstances. The Employee hereby acknowledges and agrees that, should Arctic or its parent company, Royal Oak, subsequently take over or otherwise acquire control of additional properties and/or projects which substantially increases the duties and responsibilities of the position of Executive Vice-President and Chief Operating Officer herein assumed, then any reassignment of the Employee by Arctic to the position of Chief Operating Officer of North American Operations or some like position, at a salary and benefits comparable to those held by the Employee prior to any such takeover or acquisition, will not constitute or be deemed to constitute constructive dismissal or termination of the employment of the Employee hereunder.
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Related to Termination by Arctic Without Cause

  • Termination by Company Without Cause The Company may terminate Employee’s employment without Cause upon thirty (30) days written notice to Employee. If Employee’s employment with the Company is terminated by the Company without Cause, and Employee signs and does not revoke a Release, then Employee shall be entitled to the following:

  • Termination by Employer Without Cause Employer may terminate the Term (and Executive’s employment) by giving two weeks written notice to Executive. A termination made pursuant to this Section 5.3 is a “termination Without Cause.” A termination made pursuant to Section 5.2 (and satisfying the notice requirement set forth therein) shall under no circumstance be considered a termination Without Cause.

  • Termination by the Employer Without Cause Subject to the payment of Termination Benefits pursuant to Section 7(b), the Executive’s employment under this Agreement may be terminated by the Employer without Cause upon no less than sixty (60) days prior written notice to the Executive.

  • Termination by Employee without Good Reason Employee may terminate Employee’s employment under this Agreement at any time without Good Reason, upon thirty (30) days’ prior written notice to Employer. In the event of a termination described in this Section 4(d), Employer shall pay to Employee all of Employee’s Accrued Obligations.

  • Termination Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Termination by the Company Without Cause or by the Executive with Good Reason During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement, in a form and manner satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release:

  • Voluntary Termination by the Executive Without Good Reason If the Executive terminates employment without Good Reason, the Executive shall receive the Base Salary and expense reimbursement to which the Executive is entitled through the date on which termination becomes effective.

  • Termination by the Company Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Termination by the Company Without Cause or by Executive for Good Reason If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Termination by the Company for Cause or by Executive Without Good Reason If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company shall pay Executive all amounts earned or accrued hereunder through the termination date, including:

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