Notice of Termination definition
Examples of Notice of Termination in a sentence
Any purported termination of Xxxxx’x services (other than by reason of death) shall be communicated by written Notice of Termination (as defined herein) from one party to the other in accordance with the notice provisions contained in Section 23.
For purposes of this Agreement, "Date of Termination" shall mean the date specified in the Notice of Termination (but in no event shall such date be earlier than the thirtieth (30th) day following the date the Notice of Termination is given) or the date of Xxxxx’x death.
The failure to set forth any fact or circumstance in a Notice of Termination, which fact or circumstance was not known to the party giving the Notice of Termination when the notice was given, shall not constitute a waiver of the right to assert such fact or circumstance in an attempt to enforce any right under or provision of this Agreement.
If the Employment shall be terminated by the Company for Cause, the Company shall pay the Executive his/her base salary at the rate in effect at the time Notice of Termination is given through the Date of Termination, and the Company shall have no additional obligations to the Executive under this Agreement.
Upon receipt of the Employee’s Notice of Termination the Company may, in the Board’s discretion, assign the Employee new or different duties through the termination date, release the Employee from active duty, or terminate the Employee’s employment prior to the termination date stated in the Employee’s Notice of Termination (notwithstanding Section 6(h) below).