Termination of Employment and Benefits Sample Clauses

Termination of Employment and Benefits. (a) At the Effective Time, the employment of Employee by the Company and each of its affiliates, and all of Employee's directorships and offices with the Company and each of its affiliates, shall automatically cease.
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Termination of Employment and Benefits. Notwithstanding the provisions of Section 2, Levix'x xxxloyment under this Agreement shall terminate prior to the expiration of the Term under the following circumstances:
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Termination of Employment and Benefits. Notwithstanding the provisions of Section 2, the Employee's employment under this Agreement shall terminate prior to the expiration of the Term under the following circumstances:
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Termination of Employment and Benefits. Effective as of the Separation Date, (i) Zemetra’s employment with LXL will be mutually terminated, he will be relieved of all duties as a regular full time employee of LXL and/or any of its subsidiaries, and such termination constitutes Zemetra’s immediate resignation from (x) any officer, director or employee position Xxxxxxx has with LXL and/or any of its subsidiaries or affiliates, and (y) all fiduciary positions (including as a trustee) Xxxxxxx holds with respect to any employee benefit plans or trusts established by LXL and/or any of its subsidiaries or affiliates, and (ii) Xxxxxxx agrees that this Agreement shall serve as written notice of resignation in such circumstances. Effective as of the Separation Date, Zemetra’s coverage under and participation in all benefit plans and programs sponsored by LXL and/or any of its subsidiaries or affiliates shall (except as provided in Section 1.3 hereof) shall terminate effective as of October 31, 2020.
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Termination of Employment and Benefits. (a) Employment and benefits shall terminate when an employee:
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Related to Termination of Employment and Benefits

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Termination of Employment and Options Vested Options shall terminate, to the extent not previously exercised, upon the occurrence of the first of the following events:

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. The Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

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