Termination by Mr. Xxxxxxx.
Termination by Mr. XXXXXXXXX. Xr. XxXxxxxxx xxx terminate the Employment Term (1) for Good Reason, or (2) if his health should become impaired to an extent that makes his continued performance of his duties and obligations hereunder hazardous to his physical or mental health or his life ("impaired health"), provided that Mr. XxXxxxxxx xxxll have furnished the Company with a written statement from a qualified doctor to such effect and provided, further, that, at the Company's request, Mr. XxXxxxxxx xxxll submit to an examination by a doctor selected by the Company and such doctor shall have concurred in the conclusion of Mr. XxXxxxxxx'x xxxtor, or (3) voluntarily, without Good Reason and not due to "impaired health." In the event that Mr. XxXxxxxxx xxxuntarily terminates the Employment Term without Good Reason and not due to "impaired health", such termination shall be treated as if it were a termination "for cause" by the Company.
Termination by Mr. Xxxxx. Xx. Xxxxx xxx terminate this Agreement by giving written notice thereof to Parent at any time prior to the Closing: (a) in the event the Parent has breached any material representation, warranty, or covenant contained in this Agreement in any material respect, the Shareholders have notified Parent of the breach, and the breach has continued without cure until the earlier of 20 days after the notice of such breach or the Closing Date, whichever is earlier, (b) if the Registration Statement for the IPO has not been filed with the Securities and Exchange Commission on or before December 31, 1997, or (c) if the IPO Closing Date shall not have occurred on or before April 30, 1998, by reason of the failure of any condition precedent under Section 7.2 hereof (unless the failure results primarily from any Shareholder materially breaching any material representation, warranty, or covenant contained in this Agreement).
Termination by Mr. Fulling. Mr. Fulling may termxxxxx xxx Xmpxxxxxxx Xxxm (1) for Good Reason, or (2) if his health should become impaired to an extent that makes his continued performance of his duties and obligations hereunder hazardous to his physical or mental health or his life ("impaired health"), provided that Mr. Fulling shall have furnished xxx Xxxxxxx with a written statement from a qualified doctor to such effect and provided further that, at the Company's request, Mr. Fulling shall submit to an exxxxxxxxxx xy a doctor selected by the Company and such doctor shall have concurred in the conclusion of Mr. Fulling's doctor, or (3) voluxxxxxxx, xxxxout Good Reason and not due to "impaired health." In the event that Mr. Fulling voluntarily terminatex xxx Xxxxxyment Term without Good Reason and not due to "impaired health," such termination shall be treated as if it were a termination "for cause" by the Company.
Termination by Mr. Turner. Upon not less thax 00 xxxx' written notice by Mr. Turner to the Corporation. Xx xxxxination occurs under this paragraph 6.3, Mr. Turner shall not receive anx xxxxxx, bonuses or other compensation relative to his termination or after his termination. Salary or bonuses accrued prior to such termination shall not be affected.
Termination by Mr. Korculanic --------------------------------
Termination by Mr. Kopperud. Mr. Kopperud may terminate his employment at anx xxxx xxxx proxxxxxx 00 xxys prior written notice to the Bank stating the effective date of his termination. In any such event, all obligations of the Bank to Mr. Kopperud under this agreement and all obligations of Mr. Kxxxxxxx xx xhe Bank (except those provided for in paragrxxxx 0 xxx 0) shall cease and the Term of Employment shall end on the effective date of Mr. Kopperud's termination of employment.
Termination by Mr. Moore. Mr. Moore shalx xx xxxxtlex xx xxxxinate his employment under this Agreement at any time upon 30 days' prior written notice to Photomatrix, in which event Photomatrix shall have no further obligations under this Agreement.
Termination by Mr. GASTON OR GUARDSMAN BY XXXXXX. Either Mr. Gaston or Guardsman may xxxxxxxxx this Agreement (subject to performance of its obligations under this paragraph 4.3) by providing sixty (60) days' written notice to the other. Termination of this Agreement by Guardsman under this Section 4.3 may be at will, with or without cause. Upon termination under this Section 4.3 by Guardsman, or in the event of any other termination not authorized by Section 4.1, 4.2, or 4.4:
Termination by Mr. GASTON OR XXXXXXXXX BV NOTICE. While it is the general understanding of the Parties that service hereunder will continue for a period three (3) to five (5) years from the date hereof, either Mr. Gaston or Guardsman may xxxxxxxxx this Agreement by providing sixty (60) days' written notice to the other. Termination of this Agreement by Guardsman under this Section 4.3 may be at will, with or without cause. Upon termination under this Section 4.3 by Guardsman, Guardsman shall pay Mr. Gaston alx xxxxxx xxx xxxxxx xxxx and deferred compensation in accordance with Section 3 and a lump sum severance equal to one year's consulting fee ($170,000). Guardsman shall also continue reimbursement to Mr. Gaston for his automobixx xxxxx expenses for one year following such termination. All rights of Mr. Gaston to xxxxxxx xny further compensation or benefits from Guardsman under this Agreement shall thereupon terminate."
