Common use of Termination without Cause/Resignation Clause in Contracts

Termination without Cause/Resignation. The Employee’s Employment hereunder may be terminated (i) at any time following the Start Date, by the Company without Cause, or (ii) following the three (3) month anniversary of the Start Date, by the Employee upon the Employee’s resignation. It is agreed that in the event of the termination of the Employee’ s employment by the Company without Cause, or the Employee’s resignation, in either case prior to the three (3) month anniversary of the Start Date, the terminating Party shall give the other Party one (1) month notice of such termination; in the event of the termination of the Employee’s employment by the Company without Cause, or the Employee’s resignation, in either case after the three (3) month anniversary of the Start Date, then the terminating Party shall give the other Party three (3) months’ notice of such termination. In the event of the Employee’s Termination without Cause or resignation: (i) any notice of such termination or resignation shall be given in accordance with Section 7(d) hereunder; (ii) the Employee shall receive the Base Salary and reimbursement for any approved but unpaid business expenses through the Date of Termination, and (iii) the Company shall have the right to determine whether or not the Employee will actively work during the applicable notice period.

Appears in 3 contracts

Samples: Employment Agreement (Ayala Pharmaceuticals, Inc.), Employment Agreement (Ayala Pharmaceuticals, Inc.), Employment Agreement (Ayala Pharmaceuticals, Inc.)

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Termination without Cause/Resignation. The Employee’s Employment hereunder may be terminated (i) at any time following the three (3) month anniversary of the Start Date, by the Company without Causeat any time, or or, (ii) following the three (3) month anniversary of the Start Date, by the Employee upon the Employee’s resignation. It is agreed that in In the event of the termination of the Employee’ s employment ’s Employment by the Company without for any reason (other than a termination for Cause), or the Employee’s resignationresignation for any reason, in either case prior to the three (3) month anniversary of the Start Date, the terminating it is agreed that one Party shall give the other Party one (1) month notice of such termination; in the event of the termination of the Employeemonth’s employment by the Company without Cause, or the Employee’s resignation, in either case after the three (3) month anniversary of the Start Date, then the terminating Party shall give the other Party three (3) months’ notice of such termination. In the event of the Employee’s Termination without Cause or resignation: (i) any notice of such termination or resignation shall be given in accordance with Section 7(d) hereunder; . In the event of the Company’s termination of Employee’s Employment for any reason (iiother than a termination for Cause) or Employee’s resignation for any reason: (i) the Employee shall receive the Base Salary and through the Date of Termination, reimbursement for any approved but unpaid business expenses through the Date of Termination, any fully earned and declared but unpaid Annual Target Bonus as of the Date of Termination, and (iiiii) the Company shall have the right to determine whether or not the Employee will actively work during the applicable notice period.

Appears in 2 contracts

Samples: Employment Agreement (Gamida Cell Ltd.), Employment Agreement (Gamida Cell Ltd.)

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Termination without Cause/Resignation. The Employee’s Employment hereunder may be terminated (i) at any time following the three (3) month anniversary of the Start Date, by the Company without Causeat any time, or or, (ii) following the three (3) month anniversary of the Start Date, by the Employee upon the Employee’s resignation. It is agreed that in In the event of the termination of the Employee’ s employment ’s Employment by the Company without for any reason (other than a termination for Cause), or the Employee’s resignationresignation for any reason, in either case prior to the three (3) month anniversary of the Start Date, the terminating it is agreed that one Party shall give the other Party one (1) month notice of such termination; in the event of the termination of the Employeemonth’s employment by the Company without Cause, or the Employee’s resignation, in either case after the three (3) month anniversary of the Start Date, then the terminating Party shall give the other Party three (3) months’ notice of such termination. In the event of the Employee’s Termination without Cause or resignation: (i) any notice of such termination or resignation shall be given in accordance with Section 7(d) hereunder; . In the event of the Company’s termination of Employee’s Employment for any reason (iiother than a termination for Cause) or Employee’s resignation for any reason: (i) the Employee shall receive the Base Salary and through the Date of Termination, reimbursement for any approved but unpaid business expenses through the Date of Termination, any fully earned and declared but unpaid Annual Target Bonus as of the Date of Termination, and, if applicable, the separation benefits described in Section 7(g), and (iiiii) the Company shall have the right to determine whether or not the Employee will actively work during the applicable notice period.

Appears in 2 contracts

Samples: Employment Agreement (Gamida Cell Ltd.), Employment Agreement (Gamida Cell Ltd.)

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