Termination of Employment of the Employee Sample Clauses

Termination of Employment of the Employee. Prior to the expiration of the Term of Employment as provided in Section 2 hereof, this Agreement may or shall (as applicable) be terminated as follows:
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Termination of Employment of the Employee. (a) If SWEN shall terminate the employment of the EMPLOYEE at any time during the Term of Employment, then the termination rights of the EMPLOYEE hereunder shall be determined pursuant to and under that certain Executive Severance Agreement dated April 28, 1997 (the "Executive Severance Agreement"), between SWEN and the EMPLOYEE, provided that the term "Contract Period" as used in the Executive Severance Agreement shall be deemed to refer to the Term of Employment hereunder. The Executive Severance Agreement is hereby referred to for a full recital of the terms and provisions thereof and by this reference is made a part hereof. To the extent there is any conflict between the terms of this Agreement and the terms of the Executive Severance Agreement, the terms of this Agreement shall control.
Sample 1
Termination of Employment of the Employee. If SWEN or the SUBSIDIARIES shall terminate the employment of Employee at any time during the one (1) year period commencing with SWEN's 1998 Annual Meeting, and ending on the date of SWEN's 1999 Annual Meeting, then the termination rights of Xxxxxxxx hereunder shall be determined pursuant to and under that certain Executive Severance Agreement dated August 4, 1989, between SWEN and the SUBSIDIARIES and Xxxxxxxx. The Contract dated August 4, 1989, and identified hereinabove is hereby referred to for a full recital of the terms and provisions thereof and by this reference is made a part hereof. (3)
Sample 1

Related to Termination of Employment of the Employee

  • 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:

  • 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 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.

  • 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 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.

  • Termination of Employment Relationship 3.1 The Executive’s employment with the Company shall automatically terminate, and the Employment Term shall thereupon terminate:

  • Involuntary Termination of Employment If the Executive exercises his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason including termination due to disability of the Executive, but excluding termination for Cause, or termination following a Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to record a final Phantom Contribution in an amount equal to: (i) the full Phantom Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Phantom Contributions.

  • 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.

  • 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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