Termination of Employment Severance Sample Clauses

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.
Termination of Employment Severance. Executive’s employment relationship is at-will. Either Executive or the Company may terminate the employment relationship at any time, with or without cause or advance notice. Executive will be eligible for severance under the Company’s Executive Severance Benefit Plan, adopted by the Board on December 17, 2013, as it may be amended from time to time, subject to the terms and conditions set forth therein.
Termination of Employment Severance. Your employment under this agreement shall continue until one party delivers to the other party a written notice of termination setting forth the reason, if any, for the termination. If you terminate your employment without Good Reason (as defined below), you will give the Company two month's written notice.
Termination of Employment Severance. Executive’s employment relationship is at-will. Either Executive or the Company may terminate the employment relationship at any time, with or without cause or advance notice. Executive will be eligible for severance under the Company’s Executive Severance Benefit Plan, adopted by the Board on December 17, 2013 and effective upon the date of the Company’s initial public offering, as it may be amended from time to time. Prior to the effective date of the Executive Severance Benefit Plan, Executive shall remain eligible for the severance benefits set forth in the Offer Letter, subject to the terms and conditions set forth therein. Upon the effective date of the Executive Severance Benefit Plan, all severance benefits described in the Offer Letter shall cease to have any effect, and Executive’s sole right to severance shall be as set forth in the Executive Severance Benefit Plan.
Termination of Employment Severance. 4.A. Termination By the Company: The Company (by action of the Parent Company) may terminate Employee’s employment with the Company for Cause prior to the scheduled expiration date of the Term. 4.B. Severance: If Employee’s employment is terminated by the Company prior to the scheduled expiration date of the Term (other than a termination by the Company for Cause or as a result of Employee’s Disability (as defined below)), Employee will be eligible to receive the following: (i) an amount equal to tw0 (2) months of Employee’s then-current Base Salary (“Severance”) payable as follows: 50% of the Severance shall be paid as a lump sum within a reasonable period not to exceed sixty (60) days following the termination date and 50% of the Severance will be paid as salary continuation for two (2) months following the termination date; and (ii) reimbursement for any COBRA payments made by Employee for COBRA coverage during the two (1) months following the termination date. Employee shall not be entitled to any Severance payments or benefit continuation unless Employee executes a general release in favor of the Company in customary form to be provided by the Company. Employee shall not be entitled to any other payments or benefits upon termination of his employment pursuant to this Section 4.B, except as provided in Section 5.E and Section 3.I. 4.C. Termination For Cause: For purposes of this Agreement, “Cause” shall mean: (i) Employee commits a crime involving dishonesty, breach of trust, or physical harm to any person; (ii) Employee willfully engages in conduct that is in bad faith and materially injurious to the Company, including but not limited to, misappropriation of trade secrets, fraud or embezzlement; (iii) Employee commits a material breach of this Agreement, which breach is not cured within twenty (20) days after written notice to Employee from the Company; (iv) Employee willfully fails to implement or follow a reasonable and lawful policy or directive of the Company, which breach is not cured within twenty (20) days after written notice to Employee from the Company; or (v) Employee engages in a pattern of failure to perform job duties diligently and professionally, which pattern is not cured within twenty (20) days after written notice to Employee from the Company. Prior to the date of any termination for Cause, the Parent Company’s CEO shall meet and the Employee shall have an opportunity to present to the Parent Company’s CEO any information relevant t...
Termination of Employment Severance. Company may terminate Executive's employment hereunder at any time with or without cause
Termination of Employment Severance. Executive’s employment relationship is at-will. Either Executive or the Company may terminate the employment relationship at any time, with or without Cause or advance notice. Executive will be eligible for severance under the Company’s Executive Severance Benefit Plan as adopted by the Board and as it may be amended from time to time (the “Severance Plan”). As of the Start Date, Executive’s Severance Multiplier (as defined in the Severance Plan) is eighteen (18) for a Non-Change in Control Termination and twenty-four (24) for a Change in Control Termination.
Termination of Employment Severance. The employment of all Covered Employees shall remain “at-will” after the Closing Date, subject only to any duly executed written employment agreement with a specific Covered Employee (if any). Without limiting the generality of Section 5.12(b) above, Buyer Parent shall cause an Acquired Company or one of its Subsidiaries to provide severance pay and benefits to any Covered Employee whose employment is terminated during the Covered Period for any reason pursuant to which such Covered Employee would have been eligible for severance pay or benefits pursuant to the severance policies described on Section 5.12(c) of the Seller Disclosure Schedule (the “Seller Severance Policies”) had such termination occurred immediately prior to the Closing on terms and in amounts that are no less favorable than as set forth in the Seller Severance Policies, in each case, subject to the terminated Covered Employee’s prompt execution of a general release of claims in favor or Buyer Parent and its Affiliates in a form reasonably acceptable to Buyer. Buyer Parent’s obligations under this paragraph are expressly conditioned on Seller providing to Buyer all information reasonably necessary for Buyer Parent to comply with the obligations set forth in this Section 5.12(c) within a reasonable time following receipt of a reasonable written request from Buyer. To the extent Acquired Company or one of its Subsidiaries terminates the employment of any Qualified Employee during the six (6) month period immediately following the Closing, Seller shall pay to Buyer an amount equal to fifty percent (50%) of the severance pay and benefits payable by Acquired Company or its Subsidiaries with respect to such Qualified Employees pursuant to this Section 5.12(c); provided, however, that Seller shall not be required to make payments to cover severance pay and benefits to more than the difference between (i) thirty (30) Qualified Employees less (ii) the number of Excluded Roles.