TERMINATION WITHOUT CAUSE BY THE COMPANY AND SEVERANCE PACKAGE Sample Clauses

TERMINATION WITHOUT CAUSE BY THE COMPANY AND SEVERANCE PACKAGE. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company at any time after the Effective Date and during the continuance of this Agreement upon its delivery to the Consultant of prior written notice of its intention to do so (the '"COMPANY'S NOTICE OF TERMINATION") at least 60 calendar days prior to the effective date of any such termination (the "EFFECTIVE TERMINATION DATE"). In any such event the Consultant's ongoing obligation to provide the General Services will continue only until the Effective Termination Date and the Company's shall continue to pay to the Consultant all of the amounts otherwise payable to the Consultant under Article "4" hereinbelow until the Effective Termination Date (and including for greater certainty, however, without limiting any of the amounts payable under Article "4" hereinbelow, a pro rata portion of any Fees (as hereinafter determined), Bonuses (as hereinafter determined). Vacation (as hereinafter determined) pay and Benefits (as hereinafter determined)). In this regard, and in addition to all of the amounts otherwise due and payable to the Consultant under Article "4" hereinbelow, the Company shall also pay to the Consultant the following amounts in the following manner, however, subject at all times to the Consultant's ongoing compliance with the Consultant's obligations under Article "5" hereinbelow:
Sample 1
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TERMINATION WITHOUT CAUSE BY THE COMPANY AND SEVERANCE PACKAGE. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Company at any time after the Effective Date and during the continuance of this Agreement upon its delivery to the Consultant of prior written notice of its intention to do so (the "COMPANY'S NOTICE OF TERMINATION"') at least 60 calendar days prior to the effective date of any such termination, (the ""EFFECTIVE TERMINATION DATE'"). In. any such event the Consultant's ongoing obligation to provide the General Services will continue only until the Effective Termination Date and the Company's shall continue to pay to the Consultant all. of the amounts otherwise payable to the Consultant under Article "4" hereinbelow until the Effective Termination Date (and including for greater certainty, however, without limiting any of the amounts payable under Article "4" hereinbelow, a pro rata portion of any Fees (as hereinafter determined), Bonuses (as hereinafter determined), Vacation, (as hereinafter determined) pay and Benefits (as hereinafter determined)). In this regard, and in addition to all of the amounts otherwise due and payable to the Consultant under Article "4" hereinbelow, the Company shall also pay to the Consultant the following amounts in the following manner, however, subject at all times to the Consultant's ongoing compliance with the Consultant's obligations under Article "5" hereinbelow:
Sample 1

Related to TERMINATION WITHOUT CAUSE BY THE COMPANY AND SEVERANCE PACKAGE

  • Termination Without Cause by the Company In furtherance of the “at will” basis of Executive’s employment by the Company, the Company may terminate Executive’s employment without Cause upon written notice to Executive. Executive’s termination without Cause will be effective on the date of termination specified by the Company in such written notice. Such written notice shall be deemed received, if mailed first class through the U. S. Postal System, three (3) business days after mailing such written notice to Executive.

  • Termination by the Company without Cause; Termination by the Executive for Good Reason (a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to by the Executive,

  • Termination by the Company Without Cause or by the Executive with Good Reason During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement, in a form and manner satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release:

  • Termination by the Company for Cause; Termination by the Executive without Good Reason (a) For purposes of this Agreement, “

  • Termination of Employment by the Company Without Cause The Company may terminate the Executive’s employment without Cause during the Term upon written notice to the Executive. If the Executive’s employment is so terminated by the Company in connection with or within one year after a Change in Control, the Executive shall thereupon be entitled to the following:

  • Termination Without Cause by Company The Company may terminate this Agreement at any time during the Term without “Cause” upon 5 days written notice to Employee.

  • Termination by the Company Without Cause or by the Executive for Good Reason If (x) the Executive’s employment is terminated by the Company other than for Cause, death or Disability (i.e., without Cause) or (y) the Executive terminates employment with Good Reason, then the Executive shall be entitled to receive the following from the Company:

  • Termination by the Company for Cause or by the Executive without Good Reason The Company may terminate the Executive’s employment pursuant to the terms of this Agreement at any time for Cause (as defined below) by giving the Executive written notice of termination. Such termination shall become effective upon the giving of such notice. Upon any such termination for Cause, or in the event the Executive terminates his employment with the Company without Good Reason (as defined in Section 6(c)), then the Executive shall have no right to compensation, or reimbursement under Section 4, or to participate in any Executive benefit programs under Section 5, except as may otherwise be provided for by law, for any period subsequent to the effective date of termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony related to the business of the Company; (ii) the Executive, in carrying out his duties hereunder, has acted with gross negligence or intentional misconduct resulting, in any case, in material harm to the Company; (iii) the Executive misappropriates Company funds or otherwise defrauds the Company including a material amount of money or property; (iv) the Executive breaches his fiduciary duty to the Company resulting in material profit to him, directly or indirectly; (v) the Executive materially breaches any agreement with the Company and fails to cure such breach within 10 days of receipt of notice, unless the act is incapable of being cured; (vi) the Executive breaches any provision of Section 8 or Section 9; (vii) the Executive becomes subject to a preliminary or permanent injunction issued by a United States District Court enjoining the Executive from violating any securities law administered or regulated by the SEC; (viii) the Executive becomes subject to a cease and desist order or other order issued by the SEC after an opportunity for a hearing; (ix) the Executive refuses to carry out a resolution adopted by the Company’s Board at a meeting in which the Executive was offered a reasonable opportunity to argue that the resolution should not be adopted; or (x) the Executive abuses alcohol or drugs in a manner that interferes with the successful performance of his duties.

  • Termination of Employment by the Company for Cause The Company may terminate the Executive’s employment for Cause during the Term upon written notice to the Executive. If the Executive’s employment is so terminated by the Company, the Term shall end as of the Date of Termination and the Executive shall thereupon be entitled solely to the following:

  • Involuntary Termination Without Cause and Voluntary Termination with Good Reason With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

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