Common use of Termination of Employment by Head Coach Clause in Contracts

Termination of Employment by Head Coach. The Parties agree that Head Coach has special, exceptional and unique knowledge, skill and ability as a __________ [insert sport] Head Coach which, in addition to the continuing acquisition of head coaching experience at the University, as well as the University’s special need for continuity in its __________ [insert sport] program, render Head Coach’s services unique. Head Coach further recognizes that his/her promise to work for the University for the entire term of this Agreement is an essential consideration in the University’s decision to employ him/her as Head Coach of the Program. Head Coach also recognizes that the University is making a highly valuable investment in his/her continued employment by entering into this Agreement and its investment would be lost or diminished were he/she to resign or otherwise terminate his/her employment as Head Coach with the University prior to the expiration of this Agreement and Head Coach at another intercollegiate __________ [insert sport] program. Accordingly, Head Coach agrees that in the event he/she resigns or otherwise terminates his/her employment under this Agreement prior to the expiration of the initial term of this Agreement and accepts a head coaching position at another intercollegiate _________ [insert sport] program or a head coaching position with a professional _________ [insert sport] program, he/she shall pay to the University as liquidated damages, and not as a penalty, the following amounts: [The number of years bracketed below depends on the length of the contract.]

Termination of Employment by Head Coach. The Parties agree that Head Coach has special, exceptional and unique knowledge, skill and ability as a __________ [insert sport] Head Coach which, in addition to the continuing acquisition of head coaching experience at the University, as well as the University’s special need for continuity in its __________ [insert sport] program, render Head Coach’s services unique. Head Coach further recognizes and agrees that his/her promise to work for the University for the entire term of this Agreement is an essential consideration in the University’s decision to employ him/her as Head Coach of the Program. Head Coach also recognizes and agrees that the University is making a highly valuable investment in his/her continued employment by entering into this Agreement and its investment would be lost or diminished were if he/she were to resign or otherwise terminate his/her employment as Head Coach with the University prior to the expiration of this Agreement to accept another coaching position, the University will suffer damages the amount, nature and extent of which is difficult to determine and which may include, but not be limited to, additional expenses to search for and employ another Head Coach at Coach, salary or other compensation to hire another Head Coach, tangible and intangible detriment to the University’s intercollegiate __________ [insert sport] programprogram and the support of its fans and donors. Accordingly, Head Coach agrees that in the event he/she resigns or otherwise terminates his/her employment under this Agreement prior to the expiration of the initial term of this Agreement and accepts a head another coaching position at another intercollegiate _________ [insert sport] program or a head coaching position with a professional _________ [insert sport] programposition, he/she shall pay to the University as liquidated damages, and not as a penalty, the following amounts: [The number of years bracketed below depends on the length of the contract.]