Common use of Termination by the Employer Clause in Contracts

Termination by the Employer. (i) This Agreement may be terminated at any time by the Employer by giving written notice to you; provided that no such termination will be effective unless it has been initiated or authorized by the Chief Executive Officer of BermudaCo. The length of the notice period for any such termination will be at the sole discretion of the Employer. The Employer, in its sole discretion, may (x) require you to use any accrued but unused vacation time during any such notice period (in which case any vacation time that remains unused (up to 3 months) will be paid out in cash) or (y) pay out any accrued but unused vacation time in cash. For the avoidance of doubt, any vacation time that is required to be used or is paid out in cash will be limited to 3 months, and any excess vacation time will be forfeited without payment.

Termination by the Employer. (i) This Agreement may be terminated at any time by the Employer by giving written notice to you; provided that no such termination will be effective unless it has been initiated or authorized by the Chief Executive Officer of BermudaCo. The length of the notice period for any such termination will be at the sole discretion of the Employer. The Employer, in its sole discretion, may (x) require you to use any accrued but unused vacation time during any such notice period (in which case any vacation time that remains unused (up to 3 months22 days) will be paid out in cash) or (y) pay out any accrued but unused vacation time in cash. For the avoidance of doubt, any vacation time that is required to be used or is paid out in cash will be limited to 3 months22 days, and any excess vacation time will be forfeited without payment.

Termination by the Employer. (i) This Agreement may be terminated at any time by the Employer by giving written notice to you; provided that no such termination will be effective unless it has been initiated or authorized by the Chief Executive Officer of BermudaCoBoard. The length of the notice period for any such termination will be at the sole discretion of the Employer. The Employer, in its sole discretion, may (x) require you to use any accrued but unused vacation time during any such notice period (in which case any vacation time that remains unused (up to 3 months) will be paid out in cash) or (y) pay out any accrued but unused vacation time in cash. For the avoidance of doubt, any vacation time that is required to be used or is paid out in cash will be limited to 3 months, and any excess vacation time will be forfeited without payment.

Termination by the Employer. (i) This Agreement may be terminated at any time by the Employer by giving at least 12 months written notice to you; provided that no such termination will be effective unless it has been initiated or authorized by the Chief Executive Officer of BermudaCo. The length of the notice period for any such termination will be at the sole discretion of the Employer. The Employer, in its sole discretion, may (x) require you to use any accrued but unused vacation time during any such notice period (in which case any vacation time that remains unused (up to 3 months) will be paid out in cash) or (y) pay out any accrued but unused vacation time in cash. For the avoidance of doubt, any vacation time that is required to be used or is paid out in cash will be limited to 3 months, and any excess vacation time will be forfeited without payment.