Common use of Termination; Rights on Termination Clause in Contracts

Termination; Rights on Termination. Executive’s employment under this Agreement may be terminated by either party at any time and for any reason; provided, however, that Executive shall be required to give the Company at least 60 days advance written notice of any resignation of Executive’s employment hereunder (and in such event, the Company may in its sole discretion elect to accelerate Executive’s date of termination of employment and pay to Executive the Base Salary that he would have received during such 60-day period). Notwithstanding the foregoing, Executive’s employment shall automatically terminate upon Executive’s death.

Appears in 2 contracts

Samples: Employment Agreement (Rocket Companies, Inc.), Employment Agreement (Rocket Companies, Inc.)

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Termination; Rights on Termination. Executive’s employment under this Agreement may be terminated by either party at any time and for any reason; provided, however, that Executive shall be required to give the Company at least 60 days advance written notice of any resignation of Executive’s employment hereunder (and in such event, the Company may in its sole discretion elect to accelerate Executive’s date of termination of employment and pay to Executive the Base Salary that he [he/she] would have received during such 60-day period). Notwithstanding the foregoing, Executive’s employment shall automatically terminate upon Executive’s death.

Appears in 1 contract

Samples: Form of Employment Agreement (Rocket Companies, Inc.)

Termination; Rights on Termination. Executive’s employment under this Agreement may be terminated by either party Party at any time and for any reason; provided, however, that Executive shall be required is requested to give the Company at least 60 days advance written notice of any resignation of Executive’s employment hereunder (and in such event, the Company may in its sole discretion elect to accelerate Executive’s date of termination of employment and pay to Executive the Base Salary that he would have received during such 60-day periodemployment). Notwithstanding the foregoing, Executive’s employment shall automatically terminate upon Executive’s death. A termination of Executive’s employment will also comply with the Severance section in the Offer Letter.

Appears in 1 contract

Samples: Employment Agreement (Rocket Companies, Inc.)

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Termination; Rights on Termination. Executive’s employment under this Agreement may be terminated by either party at any time and for any reason; provided, however, that Executive shall be required to give the Company at least 60 days advance written notice of any resignation of Executive’s employment hereunder (and in such event, the Company may in its sole discretion elect to accelerate Executive’s date of termination of employment and pay to Executive the Base Salary that he she would have received during such 60-day period). Notwithstanding the foregoing, Executive’s employment shall automatically terminate upon Executive’s death.. Doc#: US1:16495786v3

Appears in 1 contract

Samples: Employment Agreement (Rocket Companies, Inc.)

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