Termination by the Company for Other Than Just Cause Sample Clauses

Termination by the Company for Other Than Just Cause. The Company may terminate this Agreement at any time for other than Just Cause upon the following terms:
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Termination by the Company for Other Than Just Cause. The Company may terminate this Agreement at any time for other than Just Cause upon the following terms: if the Company so terminates this Agreement at any time during the Initial Term of this Agreement, the Company shall pay to the Employee an amount equal to the base salary then payable, if any, for the longer of (a) the period from the date of such termination to the end of the Initial Term as if the Agreement had not been so terminated and (b) six months, and in all cases less the amount payable as severance pay to Employee under the Bituach Menahalim fund under section 3.2; if the Company so terminates this Agreement after the Initial Term or during a Renewal Term the Company shall pay the Employee an amount equal to the base salary, if any, then payable to the Employee for a period of six months as if the Agreement had not been so terminated or had been renewed less the amount payable as severance pay to Employee under the Bituach Menahalim fund under section 3.2; and upon any such termination, all bonuses or other benefits earned or accrued up to the date of termination or expiry shall be paid by the Company, but except for such payments and the payments to be made pursuant to Sections 11.4(a) or (b), as applicable, all obligations of the Company under this Agreement shall end upon such termination or failure to renew. Payments under Sections 11.4(a) or (b) shall be payable monthly subject to deductions in Section 3.4. For further clarification, for example, in the event that Employee is entitled hereunder to 10 months salary and receives a lump sum from severance pay portion of Bituach Menahalim equal to 3 months, the remaining amount owing for the 7 months shall be paid pro rata over a 10 month period.
Sample 1
Termination by the Company for Other Than Just Cause. The Company may terminate this First Restated Agreement at any time for other than Just Cause upon the following terms: (a) if the Company so terminates this First Restated Agreement at any time, the Company shall pay to the Employee a lump sum equal to six times the monthly base salary then payable. Such payment shall be credited towards any payment due pursuant to the Prior Notice For Dismissal and Resignation Law-2001. In addition, Employee shall receive the Bituach Menahalim fund under section 3.2; and (b) upon any such termination, all bonuses or other benefits earned or accrued up to the date of termination or expiry shall be paid by the Company, but except for payments to be made pursuant to Sections 11.4(a) or (b), as applicable, all obligations of the Company under this First Restated Agreement shall end upon such termination or failure to renew.
Sample 1
Termination by the Company for Other Than Just Cause. The Company may terminate this Agreement at any time for other than Just Cause upon the following terms: if the Company so terminates this Agreement at any time during the Initial Term of this Agreement or during a Renewal Term, the Company shall pay to the Employee an amount equal to the Gross Salary then payable, for a six month period as if the Agreement had not been so terminated; upon any such termination, all bonuses or other benefits earned or accrued up to the date of termination or expiry shall be paid by the Company, but except for such payments and the payments to be made pursuant to Sections 11.4(a) or (b), as applicable, all obligations of the Company under this Agreement shall end upon such termination or failure to renew. Payments under Sections 11.4(a) or (b) shall be payable monthly subject to deductions in Section 3.7.
Sample 1

Related to Termination by the Company for Other Than Just Cause

  • Termination by the Company for Cause The Executive’s employment under this Agreement may be terminated by the Company for Cause at any time upon written notice to the Executive without further liability on the part of the Company. For purposes of this Agreement, a termination shall be for Cause if:

  • Termination by the Company Other than for Cause Termination by the Company of the Executive’s employment for any reason other than for Cause, death or Disability. For purposes of this Agreement, “Cause” shall mean, as determined by the Board:

  • Termination by the Company for Good Cause The Company shall have the right to terminate the employment of the Executive for Good Cause (as such term is defined herein) by written notice to the Executive specifying the particulars of the circumstances forming the basis for such Good Cause.

  • Termination by the Company This Agreement may be terminated by the Company at any time prior to the Effective Time:

  • Termination by the Company with Cause The Company shall have the right at any time to terminate the Executive's employment hereunder without prior notice upon the occurrence of any of the following (any such termination being referred to as a termination for "Cause"):

  • 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 for Cause or by the Executive without Good Reason The Company may terminate the Executive’s employment pursuant to the terms of this Agreement at any time for Cause (as defined below) by giving the Executive written notice of termination. Such termination shall become effective upon the giving of such notice. Upon any such termination for Cause, or in the event the Executive terminates his employment with the Company without Good Reason (as defined in Section 6(c)), then the Executive shall have no right to compensation, or reimbursement under Section 4, or to participate in any Executive benefit programs under Section 5, except as may otherwise be provided for by law, for any period subsequent to the effective date of termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony related to the business of the Company; (ii) the Executive, in carrying out his duties hereunder, has acted with gross negligence or intentional misconduct resulting, in any case, in material harm to the Company; (iii) the Executive misappropriates Company funds or otherwise defrauds the Company including a material amount of money or property; (iv) the Executive breaches his fiduciary duty to the Company resulting in material profit to him, directly or indirectly; (v) the Executive materially breaches any agreement with the Company and fails to cure such breach within 10 days of receipt of notice, unless the act is incapable of being cured; (vi) the Executive breaches any provision of Section 8 or Section 9; (vii) the Executive becomes subject to a preliminary or permanent injunction issued by a United States District Court enjoining the Executive from violating any securities law administered or regulated by the SEC; (viii) the Executive becomes subject to a cease and desist order or other order issued by the SEC after an opportunity for a hearing; (ix) the Executive refuses to carry out a resolution adopted by the Company’s Board at a meeting in which the Executive was offered a reasonable opportunity to argue that the resolution should not be adopted; or (x) the Executive abuses alcohol or drugs in a manner that interferes with the successful performance of his duties.

  • Other Termination by the Company If the Company terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason (defined below), the Company will pay Executive for the remainder of the Term the compensation and other benefits he would have been entitled to if his employment had not terminated.

  • Termination by the Corporation The Corporation may terminate Executive’s employment during the Term:

  • Termination Without Cause by the Company In furtherance of the “at will” basis of Executive’s employment by the Company, the Company may terminate Executive’s employment without Cause upon written notice to Executive. Executive’s termination without Cause will be effective on the date of termination specified by the Company in such written notice. Such written notice shall be deemed received, if mailed first class through the U. S. Postal System, three (3) business days after mailing such written notice to Executive.

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