Termination of Employment of Executive Sample Clauses

Termination of Employment of Executive. The Executive’s employment may be terminated by following the procedures specified in this Section 3.
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Termination of Employment of Executive. (i) At all times, each of Employer and Executive shall have the right by written notice delivered to the other to terminate Executive's employment with Employer for any reason. Following any termination of Executive's employment with Employer, Employer shall immediately pay to Executive all accrued and unpaid compensation for periods prior the Termination Date and Executive shall be entitled to all accrued benefits and coverages under the terms of any employee compensation or benefit plan of the Company in which Executive was a participant at any time during the period of his employment with the Company.
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Termination of Employment of Executive. BY THE COMPANY FOR CAUSE OR BY EXECUTIVE FOR GOOD REASON.
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Termination of Employment of Executive. If Executive’s employment with Parent, pursuant to the Quark Employment Agreement, is terminated, then Executive’s employment with QBI shall terminate as of the date of such termination of employment with Parent. If Executive’s employment with Parent was terminated without Cause under the Quark Employment Agreement, then Executive shall continue to receive from QBI the full amount and scope of compensation described in Section 4 for a period of (a) ten (10) months from the date of such termination if the termination occurs within the first year of Executives employment with Parent, (b) eight (8) months from the date of termination if the termination occurs with the second year , and (c) six (6) months from the date of termination if the termination occurs within the third year. If Executive’s employment with Parent was terminated for Cause under the Quark Employment Agreement, then Executive shall then not be considered an employee of QBI for any purpose, and his salary and all other benefits shall cease upon the termination of his employment. In addition to the above, Executive’s employment hereunder may be terminated by the Board of Directors of QBI, with or without cause, at any time during the term hereof upon thirty (30) days advance written notice from the Board of Directors of QBI.
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Termination of Employment of Executive 
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Related to Termination of Employment of Executive

  • Employment of Executive Employer hereby agrees to employ Executive, and Executive hereby agrees to be and remain in the employ of Employer, upon the terms and conditions hereinafter set forth.

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • 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 for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

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

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Separation of Employment (a) If an employee is discharged by the Employer, he shall be paid in full for all monies owing to him by the Employer on the date of his discharge.

  • Termination of Employment; Change in Control (i) For purposes of the grant hereunder, any transfer of employment by the Optionee among the Corporation and the Subsidiaries shall not be considered a termination of employment. If the Optionee's employment with the Corporation is terminated for Cause (as defined in the last Section hereof), the Option, whether or not then vested, shall be automatically terminated as of the date of such termination of employment. If the Optionee's employment with the Corporation shall terminate other than by reason of Retirement (as defined in the last Section hereof), Disability (as defined in the last Section hereof), death or Cause, the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination. If the Optionee dies or becomes Disabled (A) while employed by the Corporation or (B) within 90 days after the termination of his or her employment other than for Cause or Retirement, the Option (to the extent then vested) may be exercised at any time within one year after the Optionee's death or Disability (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such death or disability. If the Optionee's employment terminates by reason of Retirement, the Option shall (A) become fully and immediately vested and exercisable and (B) remain exercisable for three years from the date of such Retirement (but not beyond the Term of the Option).

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

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