Involuntary Termination Without Cause definition
Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.
Involuntary Termination Without Cause means Executive’s dismissal or discharge by the Company for reasons other than Cause and other than as a result of death or disability.
Involuntary Termination Without Cause means Executive’s dismissal or discharge by the Company other than for Cause. The termination of Executive’s employment as a result of Executive’s death or inability to perform the essential functions of his job due to disability will not be deemed to be an Involuntary Termination Without Cause.
Examples of Involuntary Termination Without Cause in a sentence
If the Executive’s Separation from Service before Retirement Eligibility results from the Executive’s Involuntary Termination without Cause, the Bank shall pay the Executive $330,000 over 10 years in equal monthly installments of $2,750 on the first day of each month commencing on the later of (x) the seventh month after the month in which the Executive’s Separation from Service occurs, or (y) January 1, 2023.
Unless Early Termination results from an Involuntary Termination without Cause, in which case Section 2.2.3 shall apply, or the Executive shall have received the benefit under section 2.3 after a Change in Control, upon Early Termination the Bank shall pay to the Executive the benefit described in this section 2.2.1 and 2.2.2 instead of any other benefit under this Agreement.
More Definitions of Involuntary Termination Without Cause
Involuntary Termination Without Cause means a termination by the Employer of the Executive’s employment relationship with the Employer or an Affiliate for any reason other than for Cause and other than as a result of death or disability.
Involuntary Termination Without Cause means a Participant’s involuntary termination of employment by the Company, resulting in a Separation from Service, for a reason other than death, disability, or Cause.
Involuntary Termination Without Cause means an involuntary termination of employment by the Company other than for one of the following reasons:
Involuntary Termination Without Cause means that an Employee has been notified in writing that his or her position is being eliminated or significantly altered as a result of a substantial diminishment of responsibility or salary or as a result of a structured job elimination program implemented by management of the Company.
Involuntary Termination Without Cause means the dismissal, or the request for the resignation, of a Participant by either (i) a court order, order of any court-appointed liquidator or trustee of the Company, or the order or request of any creditors’ committee of the Company constituted under the federal bankruptcy laws, provided that such order or request contains no specific reference to actions or omissions that would constitute Cause; or (ii) a duly authorized corporate officer of the Company or any Subsidiary, or by the Board, for any reason other than for Cause.
Involuntary Termination Without Cause means Executive’s dismissal or discharge other than (i) for Cause, or (ii) after an involuntary or voluntary filing of a petition under chapter 7 or 11 of 11 USC Section 101 et. seq., an assignment for the benefit of creditors, a liquidation of the company’s assets in formal proceeding or otherwise or any other event of insolvency by the Company, in any case, without an offer of Comparable Employment by the Company or a successor, acquirer, or affiliate of the Company. For purposes of this Agreement, the termination of Executive’s employment due to Executive’s death or disability will not constitute a termination for Cause.
Involuntary Termination Without Cause means the Employment of Grantee is involuntarily terminated by the Company (or by any successor to the Company) for any reason, including, without limitation, as the result of a Change in Control, except due to death, Disability or Cause; provided, that in the event of a dispute regarding whether Employment was terminated voluntarily or involuntarily, or with or without Cause, such dispute will be resolved by the Board, in good faith, in the exercise of its discretion.