Termination by the Company or Employee Sample Clauses

Termination by the Company or Employee. The employment of Employee with the Company may be terminated by any one of the following means, in which case Employee shall be entitled to such compensation as is described below:
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Termination by the Company or Employee. Notwithstanding any other provision of this Agreement, either party may terminate this Agreement by giving notice pursuant to the terms and conditions of this Agreement.
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Termination by the Company or Employee. The Company may terminate Employee's employment with or without cause and by giving Employee thirty (30) days prior written notice. In the event of termination or notice of termination by Company without cause, or in the event that Employee terminates Employee's employment for "Good Reason" (defined below) Employee will be entitled to to the following, subject to Section 23 hereof: (i) a sum equal to nine (9) months of his then current Annual Base Salary, payable in nine (9) equal monthly installments (less applicable withholdings), with the first such installment being due on the 15th day of the month following the date of such termination and subsequent payments being made on the same day of each of the following months; (ii) earned but unpaid bonus (if any) for the year in which this agreement is terminated, prorated to date of termination and payable when such bonuses are normally paid; (iii) continuation of health care coverage at active employee contribution rates for a period of 1 year following the date of termination of this agreement. Said payments shall be subject to the execution and non-revocation of a general release in favor of the Company. Termination of Employee by the Company for (1) embezzlement or other theft of corporate property, (2) a material breach of Section 8 or 11 of this agreement by Employee while employed by the Company, (3) drug, alcohol or other substance abuse, (4) sexual harassment, battery or other criminally actionable offense by Employee against an employee or customer of the Company, or (5) Employee's conviction of any felony while employed by the Company shall constitute and be in all respects termination for cause by the Company and Employee shall not be entitled to the lump sum termination payment described in preceding sentences of this section. Employee may resign from employment at any time for any reason by giving thirty (30) days written notice to Company of such intention. In such event, Company may, in its discretion, permit Employee to work through the notice period or accept the Employee's immediate resignation. In the event of a termination by the Company for cause or by Employee, Employee shall not be entitled to payment of any further compensation, salary or benefits under the terms of this agreement (including the termination payment described above) except (i) Annual Base Salary through the date of termination; (ii) any vested benefits under the then current Company employee benefit plans; (iii) accru...
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Termination by the Company or Employee a. The Company may terminate Employee’s employment at any time and for any reason upon at least 90 days advance written notice of the Company’s election to terminate Employee’s employment during the Term (the “Company Notice Period”).
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Termination by the Company or Employee. Employee acknowledges and understands that his employment relationship with the Company is “at will,” which means that either the Employee or the Company may terminate the employment relationship at any time for any reason, subject to any applicable notice periods set forth herein.
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Termination by the Company or Employee. The Company may terminate this agreement with or without cause and by giving Employee thirty (30) days prior written notice. In the event of termination or notice of termination by Company without cause, Employee will be entitled to only a lump sum termination payment of $370,000 payable at termination. Employee shall not be entitled to any other payments of compensation, salary or benefits of any kind under this agreement or otherwise including any and all accrued salary, benefits, vacation pay or other compensation of any kind since any such accruals shall be deemed in all respects to be included in the lump sum termination payment. Said payment shall release the Company from any further obligations under this agreement. Termination of Employee by the Company for proven (1) embezzlement or other theft of corporate property, (2) a breach of Section 8 or 11 of this contract by Employee while employed by the Company, (3) drug, alcohol or other substance abuse, (4) sexual harassment, battery or other criminally actionable offense by Employee against an employee or customer of the Company, or (5) Employee's conviction of any felony while employed by the Company shall constitute and be in all respects termination for cause by the Company and Employee shall not be entitled to the lump sum termination payment described in preceding sentences of this section. Employee may resign from employment at any time for any reason and terminate this agreement by giving thirty (30) days written notice to Company of such intention. In such event, Company may, in its discretion, permit Employee to work through the notice period or accept the Employee's immediate resignation. In the event of a termination by the Company for cause or by Employee, Employee shall not be entitled to payment of any further compensation, salary or benefits under the terms of this agreement (including the lump sum termination payment described above) except compensation, salary, benefits and vacation pay accrued to the date of said termination.
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Termination by the Company or Employee. This Agreement may be terminated by the Company for any reason at any time during the Initial or Extension Term , if any, upon six (6) months written notice to the Employee, provided, however, that unless Employee is terminated "for cause", as set forth below, or Employee voluntarily terminates this Agreement other than for "good cause", and except as provided in Sections 11.2 and 11.3 hereof, Employee shall be entitled to be paid the remaining amounts due under this Employment Agreement during its Initial Term, or for six (6) months his aggregate salary whichever is greater, within five (5) business days of Employee's termination. For purposes of determining Employee's aggregate salary, Employee shall receive payment of his Base Salary at the highest annual salary level plus any accrued, but unpaid bonus amounts already earned as of the termination date. The Employee may terminate this Agreement for any reason whatsoever for other than good cause upon thirty (30) days written notice to the Company.
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Termination by the Company or Employee. The Employee’s employment will begin on the Start Date and shall continue until terminated in accordance with Section 7 or 8, as applicable (the “Term”). Employee acknowledges and understands that her employment relationship with the Company is “at will,” which means that either the Employee or the Company may terminate the employment relationship at any time for any reason, subject to any applicable notice periods set forth herein.
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Termination by the Company or Employee. (a) Within the probation period of initial six (6) month, either Employee or the Company shall be entitled to terminate the Employment Agreement with thirty (30) days written notice in advance.
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Related to Termination by the Company or Employee

  • Termination by the Company for Just Cause 7.2 The Company may terminate the employment of the Executive under this Agreement summarily, without any notice or any payment in lieu of notice, for Just Cause.

  • Termination by the Company for Cause; Termination by the Executive without Good Reason (a) For purposes of this Agreement, “

  • 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 Subject to Section 13(f) hereof, the Company shall have the right, by giving three (3) days’ notice as hereinafter specified to terminate this Agreement in its sole discretion at any time after the date of this Agreement.

  • 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 without Cause; Termination by the Executive for Good Reason (a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to by the Executive,

  • For Cause by the Company The Company may terminate Executive’s employment for “Cause” at any time prior to the expiration of the Term effective immediately upon delivery of written notice to Executive. For purposes of this Agreement, “Cause” shall mean:

  • 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.

  • Termination by the Company Without Cause or by the Executive with Good Reason During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement, in a form and manner satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release:

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