Common use of Termination by Executive Without Good Reason Clause in Contracts

Termination by Executive Without Good Reason. Executive shall have the right to terminate this Agreement and his employment hereunder by giving the Company not less than ninety (90) days prior written notice to that effect. The termination of employment shall be effective on the date specified in such notice. In the event that such notice is given, the Company may require Executive to leave immediately, in which event, Executive must be compensated under this Agreement for the notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by him. In the event of such termination, Executive shall be entitled to receive the same payments as would be provided under Section 8.2 in the event of termination for cause.

Appears in 7 contracts

Samples: Employment Agreement (Usi Holdings Corp), Employment Agreement (Usi Holdings Corp), Employment Agreement (Usi Holdings Corp)

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Termination by Executive Without Good Reason. Executive shall have the right to may terminate this Agreement and his employment without Good Reason. If Executive terminates this Agreement and his employment under this Section 5.2 without Good Reason, Executive shall have no right to receive any compensation or benefit hereunder by giving on and after the Company not less effective date of the termination of employment other than ninety (90) days the Accrued Benefit. This Agreement shall otherwise terminate upon the effective date of the termination of employment and Executive shall have no further rights hereunder. Executive shall provide 60 days’ prior written notice to that effect. The termination of the Company if he terminates his employment shall be effective on the date specified under this Section 5.2; provided that, in such notice. In the event that such notice is givenevent, the Company may require Executive to leave immediately, in which event, Executive must be compensated under this Agreement for unilaterally accelerate the notice period effective date of termination and such acceleration shall not result in a manner commensurate to termination by the compensation Executive would have received during the notice period had his employment not been terminated by him. In the event Company for purposes of such termination, Executive shall be entitled to receive the same payments as would be provided under Section 8.2 in the event of termination for causethis Agreement.

Appears in 7 contracts

Samples: Employment Agreement (Precipio, Inc.), Employment Agreement (Precipio, Inc.), Employment Agreement (Precipio, Inc.)

Termination by Executive Without Good Reason. Executive shall have the right to terminate this Agreement and his employment hereunder by giving the Company not less than ninety (90) days prior written notice to that effect. The termination of employment shall be effective on the date specified in such notice. In the event that such notice is given, the Company may require Executive to leave immediately, in which event, Executive must be compensated under this Agreement at any time for the notice period in a manner commensurate to the compensation any reason. However, should Executive would have received during the notice period had terminate his employment not been terminated by him. In with the event of such terminationCompany for any reason other than for Good Reason, as defined in Section 3.1(D) above, Executive shall be entitled to receive collect from the same payments as would be provided under Section 8.2 in Company only all unpaid Base Salary, all accrued PTO and all unreimbursed expenses payable for all periods through the event effective date of termination for causeand Executive shall not be entitled to any compensation or other amount from the Company after the effective date of termination. The foregoing amounts shall be paid on the date of termination. Under such circumstances, Executive may terminate this Agreement, only by delivering a written notice to the Company, effective no less than 45 days after the Company receives such notice in accordance with the terms hereof.

Appears in 5 contracts

Samples: Employment Agreement (Signal Genetics LLC), Employment Agreement (Signal Genetics LLC), Employment Agreement (Signal Genetics LLC)

Termination by Executive Without Good Reason. Executive shall have the right to may terminate this Agreement and his employment hereunder by giving the Company not less than ninety (90) days prior written notice to that effect. The termination of employment shall be effective on the date specified in such notice. In the event that such notice is given, the Company may require Executive to leave immediately, in which event, Executive must be compensated under this Agreement for without Good Reason as defined in Paragraph 7.4 below upon the giving of 90 days written notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by himof termination. In the event of such termination, the Company may elect to pay Executive six months of compensation in a lump sum including unused accrued vacation and any accrued bonus in lieu of 90 days notice, in which event Executive's services to the Company will be terminated immediately. No Termination Payments or Termination Benefits other than as set forth in Section 7.7 shall be entitled to receive the same payments as would be provided under Section 8.2 in the event payable upon Executive's termination of termination for causethis Agreement without Good Reason.

Appears in 2 contracts

Samples: Employment Agreement (Commemorative Brands Inc), Employment Agreement (Commemorative Brands Inc)

Termination by Executive Without Good Reason. Executive shall have the right to may terminate this Agreement and his employment hereunder by giving the Company not less than ninety (90) days prior written notice to that effect. The termination of employment shall be effective on the date specified in such notice. In the event that such notice is given, the Company may require Executive to leave immediately, in which event, Executive must be compensated under this Agreement for without Good Reason as defined in Paragraph 6.4 below upon the giving of 90 days written notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by himof termination. In the event of such termination, in lieu of the 90 day notice period, the Company may elect to pay Executive compensation for the notice period (or any remaining portion thereof), plus unused accrued vacation and any accrued unpaid bonus, in which event Executive’s services to the company will be terminated immediately. No Termination Payments or Termination Benefits other than as set forth in Section 6.3 shall be entitled to receive the same payments as would be provided under Section 8.2 in the event payable upon Executive’s termination of termination for causethis Agreement without Good Reason.

Appears in 2 contracts

Samples: Employment Agreement (AAC Group Holding Corp.), Employment Agreement (American Achievement Corp)

Termination by Executive Without Good Reason. Executive shall have the right to terminate this Agreement and his employment hereunder by giving the Company not less than ninety sixty (9060) days prior written notice to that effect. The termination of employment shall be effective on the date specified in such notice. In the event that such notice is given, the Company may require Executive to leave immediately, in which event, Executive must be compensated under this Agreement for the notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by him. In the event of such termination, Executive shall be entitled to receive the same payments as would be provided under Section 8.2 in the event of termination for cause.

Appears in 1 contract

Samples: Employment Agreement (Usi Holdings Corp)

Termination by Executive Without Good Reason. Subject to ------------------------------------------------ Section 8.6 hereof, Executive shall have the right to terminate this Agreement and his employment hereunder without good reason by giving the Company not less than ninety (90) 30 days prior written notice to that effect. The termination of employment shall be effective on the date specified in such notice. In , or earlier, at the event that such notice is given, the Company may require Executive to leave immediatelydetermination of Company, in which event, event such termination shall remain classified as a termination by Executive must be compensated under this Agreement for the notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by him. In the event of such termination, Executive shall be entitled to receive the same payments as would be provided under Section 8.2 in the event of termination for causewithout good reason.

Appears in 1 contract

Samples: Employment Agreement (Assure Energy Inc)

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Termination by Executive Without Good Reason. Executive shall have the right to terminate her employment under this Agreement Agreement, at any time and his employment hereunder for any reason, by giving the Company not less than ninety (90) days prior delivering a written notice to that effect. The termination of employment shall be the Company effective on no less than thirty (30) days after the date specified in such notice. In the event that Company receives such notice is givenin accordance with the terms hereof. However, should Executive terminate her employment with the Company may require Executive to leave immediately, for any reason (other than for Good Reason in which event, Executive must be compensated under this Agreement for accordance with the notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by him. In the event requirements of such terminationSection 3.1(D) above), Executive shall only be entitled to receive from the same payments Company the Accrued Benefits. Executive shall not be entitled to earn, accrue, or receive any additional compensation or other amount, other than as would be provided under set forth in this Section 8.2 in 3.1(E) of this Agreement, from the event Company after the effective date of termination for causetermination.

Appears in 1 contract

Samples: Employment Agreement (Signal Genetics, Inc.)

Termination by Executive Without Good Reason. Subject to Section 8.6 hereof, Executive shall have the right to terminate this Agreement and his employment hereunder without good reason by giving the Company not less than ninety (90) 60 days prior written notice to that effect. The termination of employment shall be effective on the date specified in such notice. In , or earlier, at the event that such notice is given, the Company may require Executive to leave immediatelydetermination of Company, in which event, event such termination shall remain classified as a termination by Executive must be compensated under this Agreement for the notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by him. In the event of such termination, Executive shall be entitled to receive the same payments as would be provided under Section 8.2 in the event of termination for causewithout good reason.

Appears in 1 contract

Samples: Employment Agreement (Ab Watley Group Inc)

Termination by Executive Without Good Reason. Executive shall have the right to terminate this Agreement and his employment hereunder without good reason by giving the Company not less than ninety (90) days prior written notice to that effect. The termination of employment shall be effective on the date specified in such notice. In , or earlier, at the event that such notice is given, the Company may require Executive to leave immediatelydetermination of Company, in which event, event such termination shall remain classified as a termination by Executive must be compensated under this Agreement for the notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by him. In the event of such termination, Executive shall be entitled to receive the same payments as would be provided under Section 8.2 in the event of termination for causewithout good reason.

Appears in 1 contract

Samples: Employment Agreement (Return Assured Inc)

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