Termination by Coach a. Coach recognizes that his promise to work for the University for the entire Term of this Agreement is of essence to this Agreement. Coach also recognizes that the University is making a highly valuable investment in his continued employment by entering into this Agreement and that its investment would be lost were he to resign or otherwise terminate his employment with the University prior to the expiration of the Term of this Agreement. In recognition of these facts, the parties agree that Coach’s decision to terminate this Agreement prior to its expiration will be subjected to the following terms and conditions.
Termination by Coach. (a) This Agreement may be terminated by Coach by giving University written notice of the termination of Coach’s employment with University. In the event such termination occurs prior to the comple tion of the then-current season, including any Big Ten Championsh ip, Bowl, College Football Playoff, or College Football Championship games, Coach may be required to pay to the University, at University’s sole discretion, in lieu of any and all other legal remedies, damages of any type or equitable relief available to the University, and without regard to actions by the University to mitigate its damages, liquida xxx damages in an amount of Fifty Thousand Dollars ($50,000). Such liquidated damages shall be due and payable within one hundred twenty (120) days after such termination.
Termination by Coach. Coach recognizes that his promise to work for Ohio State for the entire term of this Agreement is an essential consideration in Ohio State’s decision to enter into this Agreement and employ him as Head Coach. This Agreement would be diminished were he to resign or otherwise terminate his employment as Head Coach prior to the expiration of this Agreement, particularly if he were to terminate his employment to be employed in another coaching position. Accordingly, Coach understands and agrees that he may, nevertheless, resign or otherwise terminate his employment under this Agreement prior to the expiration of this Agreement, but only upon the following terms and conditions:
Termination by Coach. Coach’s employment may be terminated by Coach by giving University written notice of the termination of her employment with University or by accepting another coaching position at any time during the remaining term of this Agreement, including any effective extensions thereof. Should such termination occur, Coach may be required to pay to the University, at University’s sole discretion, in lieu of any and all other legal remedies, damages of any type or equitable relief available to the University, and without regard to actions by the University to mitigate its damages, liquidated damages in an amount equal to the compensation Coach would have been entitled to receive under this Agreement and under the Additional Compensation Agreement with the University of Wisconsin Foundation, prior to any tax withholding, for the period from the effective date of the termination to the end of the term, not including any currently effective extension thereof, or Five Hundred Thousand Dollars ($500,000), whichever amount is greater. Should the parties agree to extend the term of this Agreement pursuant to Section III. B., and should Coach terminate the Agreement during such extended term, University’s liquidated damages shall be Five Hundred Thousand Dollars ($500,000). However, this provision for liquidated damages by Coach shall not apply when said termination by Coach is for a bona fide retirement, or for extended coaching sabbatical by Coach caused by family emergency or personal hardship, that does not involve any further activities by Coach as a basketball coach with any club, collegiate, university or professional program for a period of two years after the effective date of the termination. Such liquidated damages shall be due and payable within one hundred eighty (180) days after notice of termination of employment or after acceptance of employment in a club, collegiate, university or professional program, whichever occurs first. Coach will be entitled to continue her health insurance plan at her own expense through a private source or COBRA. As permitted by Wisconsin law, Coach may secure a conversion policy for her UW group term life insurance. Any other employee benefits that Coach was receiving at the time of termination will be terminated, including contributions to University retirement plans. In no case shall Coach be liable to University for the loss of any collateral business opportunities or any other benefits, perquisites, or income from any sources t...
Termination by Coach. You agree that you shall not negotiate for or enter into any other sports or athletics related employment prior to the expiration of your Employment Contract with University. Should you nevertheless leave your employment position at the University and accept any other sports or athletics related employment prior to the termination of your Employment Contract with the University, it shall be deemed a breach of your Employment Agreement, resulting in immediate termination of the Employment Agreement, and the University shall be under no further financial or other obligation whatsoever to you, except for such obligations which have accrued, vested, or been earned pursuant to this Employment Agreement prior to the date of such termination. You further agree not to seek or apply for other employment without prior notice to the Vice President and Athletics Director and must immediately notify the Vice President and Athletics Director in the event you are directly or indirectly through an agent contacted by a prospective employer. In the event you terminate your employment position prior to the expiration of your contract term to accept other sports or athletics related employment, you or your designee shall pay University liquidated damages in an amount equal to the lesser of five million dollars ($5,000,000.00), or the remaining balance of total compensation due you during the otherwise unexpired Term within sixty (60) days of such termination. Such payment shall satisfy any and all claims the University may have against you as a result of such deemed breach of your Employment Agreement.
Termination by Coach. Paragraph 12.03(c) of the Employment Agreement is hereby amended to include the following provision regarding Coach’s waiver and forfeiture of any and all rights to the Retirement Plan in the event Coach terminates the Employment Agreement: Further, if Coach terminates this Employment Agreement prior to its expiration date, irrespective of whether Coach accepts another coaching position, Coach shall waive and forfeit any and all rights to the Plan created pursuant to Paragraph
Termination by Coach. Paragraph 12.03(a) of the Employment Agreement is hereby amended and replaced, in its entirety, as follows: Coach shall have the right to terminate this Employment Agreement, including any extensions hereto, prior to its expiration date, upon fifteen
Termination by Coach. (a) Coach shall have the right to terminate this Employment Agreement, including any extensions hereto, prior to its expiration date upon fifteen (15) days written notice to the University. In such event, if Coach accepts another coaching position at any time during the remaining term of this Employment Agreement as set forth in Paragraph 3 herein, Coach shall pay to the University, in lieu of any and all other legal remedies, damages of any type or equitable relief available to the University, and without regard to actions by the University to mitigate its damages, liquidated damages in the amount of Two Hundred Fifty Thousand Dollars ($250,000) per year for the remaining term of this Employment Agreement, including a pro-rated amount for any partial year. It is agreed that Coach shall pay such liquidated damages in lump sum within ninety (90) days following the effective date of termination.
Termination by Coach. (i) Coach recognizes that his promise to work as head coach of the Team for the entire Term is of the essence of this Agreement to the Employer. Coach also recognizes that the Employer is making a highly valuable investment in his continued employment by entering into this Agreement and that its investment would be lost were he to resign or otherwise terminate his employment with the Employer prior to the Expiration Date. The parties agree that Coach may, nevertheless, terminate his employment under this Agreement prior to the Expiration Date, subject to the terms of this Section 17(e), by giving the Employer not less than seventy-two
Termination by Coach. (a) Coach recognizes that his promise to work for KSA for the entire term of this five-year Agreement is the essence of this Agreement. Coach also recognizes that KSA is making a highly valuable investment in his continued employment by entering into this Agreement and that their investment would be lost if Coach resigns or otherwise terminates his employment prior to the expiration of this Agreement. The parties agree that Coach may nevertheless terminate his employment under this Agreement prior to its normal expiration on December 31, 2024, by giving the Athletic Director advance confidential written notice of the resignation of his employment and by paying to KSA one of the following amounts: (1) the sum of Three Million Dollars ($3,000,000.00) if Coach terminates this Agreement prior to January 1, 2021; (2) the sum of Two Million Dollars ($2,000,000.00) if Coach terminates this Agreement prior to January 1, 2022; (3) the sum of One Million Five Hundred Thousand Dollars ($1,500,000.00) if Coach terminates this Agreement prior to January 1, 2023; or (4) the sum of One Million Dollars ($1,000,000.00) if Coach terminates this Agreement prior to December 31, 2023. The sum due above shall be paid in twelve (12) equal monthly installments beginning 30 days from written notice of resignation. The parties agree that these amounts are not a penalty, but represent a reasonable estimation of the damages that would be incurred by KSA if Coach terminates prior to the expiration of this Agreement. The parties further agree that the amount, nature, and extent of such damages are difficult to determine and may include, but not be limited to, additional expenses to search for and employ another Head Football Coach, salary or other compensation to hire such coach, and tangible and intangible detriment to the football program of the University and the support of its fans and donors. Upon final payment, KSA will release any legal claim it may have against Coach or his subsequent employer regarding this Agreement.
