Termination by the University without Cause Sample Clauses

Termination by the University without Cause. The University shall have the right to terminate Assistant Coach’s employment and this Agreement without any reason and without cause prior to the termination date stated in Section 3 above. In the event this Agreement is terminated without cause, (1) all obligations of the University to Assistant Coach pursuant to this Agreement shall cease as of the date of any such termination, (2) Assistant Coach shall be eligible for any post-termination benefits applicable to regular employees of the University (i.e. COBRA insurance eligibility, et al), (3) the University will pay to Assistant Coach, in lieu of any and all other legal remedies or equitable relief available to Assistant Coach, liquidated damages equal to ___ [insert number] year(s) Base Salary that Assistant Coach is receiving at the date of such termination for the duration of the Payout Period, which begins on the date of such termination and ends on __________ [date Payout Period ends]. Such liquidated damages shall be paid on a monthly basis through the Payout Period. Assistant Coach acknowledges his/her obligation to minimize the payments due to him/her under Section 7.B and agrees to make every reasonable effort to obtain other employment as long as the University has the obligation to make payments under Section 7.B. If Assistant Coach obtains new employment by the Payout Period, the University’s financial obligations under Section 7.B shall be reduced by the total compensation received by Assistant Coach in his/her new position, including employee benefits, whether in cash, deferred payments, or in kind. If Assistant Coach’s salary in his/her new position exceeds that which Assistant Coach would have been paid at the University, the University’s financial obligations would immediately cease. Assistant Coach shall immediately, upon acceptance of other employment, notify the Athletics Director in writing of such employment and the total compensation to be paid to Assistant Coach for the employment. In addition, Assistant Coach agrees to provide the University with a copy of his/her W-2 form for each calendar year as long as the University has the obligation to make payments under Section 7.B. For the avoidance of all doubt, the Parties understand and agree that the duty to make the liquidated damages payment shall not be treated as a subsidy for any future employer to pay Assistant Coach less than market value for his/her services. If the University ends this Agreement without cause prior to the...
Sample 1Sample 2Sample 3See All (25)
AutoNDA by SimpleDocs
Termination by the University without Cause. The University shall have the right to terminate Associate Head Coach’s employment and this Agreement without any reason and without cause prior to the termination date stated in Section 3 above. In the event this Agreement is terminated without cause, (1) all obligations of the University to Associate Head Coach pursuant to this Agreement shall cease as of the date of any such termination, and (2) Associate Head Coach shall be eligible for any post-termination benefits applicable to regular employees of the University (i.e. COBRA insurance eligibility, et al). OR
Sample 1Sample 2Sample 3See All (23)
Termination by the University without Cause. The University shall have the right to terminate Athletics Director’s employment and this Agreement without any reason and without cause prior to the termination date stated in Section 2 above. In the event this Agreement is terminated without cause, (1) all obligations of the University to Athletics Director pursuant to this Agreement shall cease as of the date of any such termination, and (2) Athletics Director shall be eligible for any post-termination benefits applicable to regular employees of the University (i.e. COBRA insurance eligibility, et al).
Sample 1Sample 2Sample 3See All (21)
Termination by the University without Cause. The University shall have the right to terminate Coach’s employment and this Agreement (and the related Professional Services and License Agreement) without any reason and without cause prior to the expiration of the Term as stated in Section 3 above. In the event this Agreement is terminated without cause:
Sample 1Sample 2Sample 3See All (4)
Termination by the University without Cause. The Executive’s employment hereunder and the Employment Term may be terminated by the University for any reason by written notice as provided in Section 16. For purposes of this Agreement, the Executive will be treated as having been terminated by the University without Cause if the Executive terminates his employment with the University under the following circumstances: (i) the University breaches any material provision of this Agreement and fails to cure such breach within thirty (30) calendar days after receiving notice thereof from the Executive; (ii) there occurs a material reduction in the Executive’s authority, functions, duties or responsibilities as provided in Section 3 and the University fails to restore to the Executive such authority, functions, duties or responsibilities within thirty (30) calendar days after receiving notice thereof from the Executive; or (iii) the Executive’s employment is (A) terminated without cause within six (6) months of the effective date of a Change in Control (as defined in Section 10) or (B) there occurs a material reduction in the Executive’s authority, function, duties or responsibilities which causes the Executive’s resignation from the University within six (6) months of the effective date of a Change in Control of the University or Company (as defined in Section 10) (a “CIC Termination”). In the event of such a termination without Cause pursuant to any of subsections 8(a)(i)-(iii) above or any other termination of the Executive’s employment by the University for any reason other than Cause (as defined in Section 9(d) herein), the Executive shall be entitled to the payments and benefits set forth in Section 9(a).
Sample 1
Termination by the University without Cause. The University shall have the right to terminate Coach’s employment and this Agreement (and the related Professional Services and License Agreement) without any reason and without cause prior to the expiration of the Term as stated in Section 3 above. In the event this Agreement is terminated without cause: (1) all obligations of the University to Coach pursuant to this Agreement shall cease as of the date of any such termination, (2) Coach shall be eligible for any post-termination benefits applicable to regular employees of the University (i.e. COBRA insurance eligibility, etc.), and (3) the University will pay to Coach, in lieu of any and all other legal remedies or equitable relief available to Coach or LLC, liquidated damages equal to $5,000,000 for each remaining contract year (pro-rated for partial month/months) of the unexpired Term of this Agreement as stated in Section 3 above. Such liquidated damages shall be paid in monthly installments beginning on the date of termination through December 31, 2021, the term over which any such liquidated damages will be paid shall be referred to as the “Payout Period.” Coach acknowledges that he will minimize the payments due to him under this Section
Sample 1
Termination by the University without Cause. The University may terminate this Agreement and the President and Vice-Chancellor’s employment for any reason (without cause) by providing the following notice:
Sample 1
AutoNDA by SimpleDocs

Related to Termination by the University without 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 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:

  • Termination by the Company Without Cause or by the Executive for Good Reason If (x) the Executive’s employment is terminated by the Company other than for Cause, death or Disability (i.e., without Cause) or (y) the Executive terminates employment with Good Reason, then the Executive shall be entitled to receive the following from the Company:

  • Termination by Company Without Cause The Company may terminate Employee’s employment without Cause upon thirty (30) days written notice to Employee. If Employee’s employment with the Company is terminated by the Company without Cause, and Employee signs and does not revoke a Release, then Employee shall be entitled to the following:

  • 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.

  • 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 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.

  • 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 or by Executive for Good Reason If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason:

  • 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:

Time is Money Join Law Insider Premium to draft better contracts faster.