Term of Employment Termination of Agreement Sample Clauses

Term of Employment Termination of Agreement. 1. Subject to the earlier termination of this Agreement in accordance with the terms hereof, the term of this Agreement shall commence, effective as of December 1, 1995 (the "Commencement Date") and the term of this Agreement shall continue through and include November 30, 2000 (the "Termination Date").
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Term of Employment Termination of Agreement. 1. Subject to the earlier termination of this Agreement in accordance with the provisions hereof, the term of this Agreement shall commence, effective as of August 1, 1996 (the "Effective Date") and shall continue through and including July 31, 2001 (the "Termination Date"). Notwithstanding the foregoing, as of the Effective Date of this Agreement, the fiscal year end of the Company is July 31st. In the event that the fiscal year of the Company (or any parent of the Company, the results of operations of which are consolidated for financial reporting purposes with the Company and its consolidated subsidiaries) shall end on any date OTHER than July 31st (hereinafter, referred to as a "Fiscal Year"), the Termination Date of this Agreement shall be ninety (90) days after the end of the Fiscal Year ending in 2001. 2. Anything contained in Section 1 of this PART B to the contrary notwithstanding, this Agreement may be terminated at the option of the Board of Directors of the Company for "Cause" (as herein defined), effective upon the giving of written notice of termination to the Employee. As herein used, the term for "Cause" shall mean and be limited to: (a) any act committed by the Employee against the Company, its parent or subsidiaries or divisions constituting: (A) fraud, (B) non-disclosed self-dealing, (C) embezzlement of funds, (D) felony conviction for conduct involving moral turpitude or felony conviction for other criminal conduct concerning activities involving the Company, its parents, subsidiaries or divisions, or (E) the continued disregard by the Employee of the reasonable directions of the Board of Directors of the Company or any of the other Corporations; or (b) the breach or default by the Employee in the performance of any material provision of this Agreement; or (c) chronic alcoholism or any other form of addiction which impairs the Employee's ability to perform his duties hereunder. 3. Anything contained in Section 1 of this PART B to the contrary notwithstanding, this Agreement may be terminated by the Company: (i) upon the death of the Employee, or, (ii) on thirty (30) days' prior written notice to the Employee, in the event that the Employee shall be physically or mentally disabled or impaired so as to prevent him from continuing the normal and proper performance of his duties and responsibilities hereunder for a period of six (6) consecutive months. The initial determination as to whether the Employee is disabled or impaired shall be mad...
Sample 1
Term of Employment Termination of Agreement 
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Related to Term of Employment Termination of Agreement

  • Term of Employment; Termination (a) The “

  • Term of Employment and Termination The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company may be terminated by either Party at any time for any or no reason (subject to the notice requirements of this Section 4). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. The term of this Agreement and Executive’s employment hereunder shall commence on the Effective Date and continue until terminated as set forth in this Section 4. The date on which Executive’s employment terminates, as determined by the Company, regardless of the reason, shall be referred to herein as the “Separation Date.” Upon termination of Executive's employment for any reason, Executive shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its subsidiaries.

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • Expiration of Employment Term Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company following the expiration of the Employment Term shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided that the provisions of Sections 6, 7 and 8 of this Agreement shall survive any termination of this Agreement or Executive’s termination of employment hereunder.

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • Term of Employment The Executive’s employment under this Agreement will commence on the date hereof and will continue for a period of one (1) year thereafter, subject to earlier termination as provided in Section 8 (the “Term”). This Agreement and the Term will be automatically renewed and extended for periods of one (1) year unless the Company or the Executive provides written notice no less than thirty (30) days prior to the expiration of the then-current Term of its or the Executive’s desire not to renew this Agreement.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

  • EXPIRATION OF EMPLOYMENT TERM; NON-EXTENSION OF AGREEMENT Upon the expiration of the Employment Term due to a non-extension of the Agreement by the Company or the Employee pursuant to the provisions of Section 2 hereof.

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

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