Termination by Employer for Other Than Cause Sample Clauses

Termination by Employer for Other Than Cause. Employer may terminate the employment of Employee at any time upon written notice to the Employee. In such event, Employee shall be paid the amount of any unpaid salary earned by the Employee up to and including the date for such Termination by Employer, an amount equal to Employee's then current monthly base salary multiplied by twelve (12), payable in a lump sum and any unpaid vacation earned by him up to and including the date of such Termination by Employer. Also for a twelve (12) month period from effective date of Termination by Employer, Employer shall continue to make the employer contributions necessary to maintain the Employee's coverage pursuant to all benefit plans provided to the Employee by the Employer immediately prior to such Termination by Employer, and Employer shall deduct from any payments payable to the Employee pursuant to this Section the amount of any employee contributions necessary to maintain such coverage, and Employee shall continue to be bound by the provisions of Sections 8 and 9 hereof and all unvested stock options shall become fully vested and shall remain exercisable for the remainder of the stated term of such stock options.
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Termination by Employer for Other Than Cause. Employer may terminate the employment of Employee at any time upon written notice to the Employee. In such event, Employee shall be paid the amount of any unpaid salary earned by the Employee up to and including the date of such Termination by Employer, an amount equal to Employee's then current monthly base salary multiplied by eighteen (18), payable in a lump sum and any unpaid vacation pay earned by him up to and including the date of such
Sample 1
Termination by Employer for Other Than Cause. If the Employer terminates this Agreement for any reason other than cause during the first two years of this Agreement, then the Employee may exercise his option to Buy-Back the Shares of the Employer. If the Employer terminates this Agreement for any reason other than cause during the final three years of the term of this Agreement, the Employer shall pay to the Employee all salary owed pursuant to paragraph 3 of this Agreement, for the remainder of the term of this Agreement.
Sample 1
Termination by Employer for Other Than Cause. If the Employer terminates this Agreement for any reason other than cause during the final three (3) years of the term of this Agreement, the Employer shall pay to the Employee one (1) year of salary as delineated in paragraph 3 of this Agreement.
Sample 1

Related to Termination by Employer for Other Than Cause

  • Termination by Employer for Cause Employer may terminate Employee’s employment hereunder for “Cause” upon notice to Employee. “Cause” for this purpose shall mean any of 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 Employer (i) Employer may terminate this Agreement upon written notice for Cause. For purposes hereof, "

  • Termination by the Employer for Cause The Executive’s employment under this Agreement may be terminated for Cause (as defined below) on the part of the Employer effective upon a vote of the Board of Directors, prior to which the Employer shall have given the Executive ten (10) days prior written notice and the opportunity to be heard on such matter at a meeting of the Board. Only the following shall constitute “Cause” for such termination:

  • Termination by Employee (a) Employee may terminate his employment under this Agreement at any time upon thirty (30) days notice to the Company. Employee, at the request of the Company and for a period not to exceed such thirty (30) days as requested by the Company, shall continue to render his services in accordance with this Agreement and shall be paid his regular salary plus performance bonuses and receive his normal benefits up to the Termination Date.

  • Termination by Death If the Executive dies during the Employment Term, the Executive’s employment will terminate and the Executive’s beneficiary or if none, the Executive’s estate, shall be entitled to receive from the Company, the Executive’s accrued, but unpaid, Base Salary through the date of termination of employment and any vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law.

  • Termination by Employee for Good Reason Employee may terminate his employment hereunder for "Good Reason." As used herein, "Good Reason" shall mean the continuance of any of the following after ten (10) days' prior written notice by Employee to the Company, specifying the basis for such Employee's having Good Reason to terminate this Agreement:

  • Termination by Death or Disability In the event of the death of EMPLOYEE or the inability of EMPLOYEE to perform the obligations described in this Agreement with or without accommodation by reason of disability or some other occurrence beyond the control of either party, and such inability to perform has continued or will continue beyond a reasonable period of time, but not less than 60 days, this Agreement shall terminate as a termination with cause and all future obligations between the parties shall cease upon the termination date reasonably established by LSU, unless otherwise required by law.

  • 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.

  • Voluntary Termination by Employee Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

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