Company Termination Without Cause definition
Examples of Company Termination Without Cause in a sentence
If the Company disagrees with an Employee’s designated Date of Termination, the Company shall have the right to set an alternative earlier final Date of Termination, which, in and of itself, shall not change the characterization of the termination (e.g., from an Employee Termination Without Good Reason to a Company Termination Without Cause).
For the purposes of this Agreement, a "Notice of Termination" will indicate the specific termination provision in this Agreement relied upon and will set forth in reasonable detail the facts and circumstances then known to the Notifying Party which are claimed to provide a basis for termination under the provision so indicated, provided, however, that no recitation of facts and circumstances will be required in respect to a Company Termination Without Cause or a Voluntary Termination by Executive.
The Company may, at any time, terminate the Executive's employment under this Agreement without cause (a "Company Termination Without Cause").
In addition to any other remedies that may otherwise be available for a breach of Section 12 hereof by Employee, Employee agrees that in the event of such breach he shall irrevocably forfeit any right he may have to any remaining severance payment to be made under Section 8(b) ("Termination by the Company- Termination Without Cause") subsequent to such breach.
Any bonus allocable to the Fiscal Year next succeeding the Fiscal Year in which the Company Termination Without Cause or Employee Termination for Cause becomes effective shall be paid to Employee on or before a date sixty (60) days subsequent to the end of such next succeeding Fiscal Year.
If the Company disagrees with Employee’s designated Date of Termination, the Company shall have the right to set an alternative earlier final Date of Termination, which, in and of itself, shall not change the characterization of the termination (e.g., from an Employee Termination Without Good Reason to a Company Termination Without Cause).
The bonus, if any, under Section 3(b) for the Fiscal Year in which the Company Termination Without Cause or Employee Termination for Cause become effective shall be computed and paid for such Fiscal Year as provided in Section 3(b).
If the Company disagrees with an Employee’s designated Date of Termination, the Company shall have the right to set an alternative earlier or later final Date of Termination, which, in and of itself, shall not change the characterization of the termination (e.g., from an Employee Termination Without Good Reason to a Company Termination Without Cause).
Such termination will be treated as constructive termination by the Company as if it were a "Company Termination Without Cause" under Section 5(f) below.
If the Company disagrees with an Employee's designated Date of Termination, the Company shall have the right to set an alternative earlier final Date of Termination, which, in and of itself, shall not change the characterization of the termination (e.g., from an Employee Termination Without Good Reason to a Company Termination Without Cause).