By Employee Without Cause Sample Clauses

By Employee Without Cause. Employee may terminate this Agreement at any time without cause upon written notice. At the time of such termination, Company will pay to Employee the amount of compensation determined under Section 2.1, such amounts to be adjusted pro rata for the portion of the term of the Agreement completed on the date of termination. Employee shall also be entitled to reimbursement pursuant to Section 2.2 for expenses incurred in the performance of his duties hereunder prior to termination.
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By Employee Without Cause. The Employee may terminate this Agreement at any time, without cause and for any reason, upon notice to the Corporation setting forth the Employee's Early Termination Date. In such event, the Employee shall not be entitled to earn any further compensation or benefits under this Agreement.
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By Employee Without Cause. The Employee may terminate his employment under this Agreement upon at least 120 days' prior notice to the Board of the Company. Upon termination of his employment and upon experiencing a "qualifying event", as defined in Section 4980B(f)(3) of the Internal Revenue Code of 1986, as amended, COBRA coverage shall be made available to the Employee in compliance with federal law.
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By Employee Without Cause. Employee may voluntarily terminate his employment hereunder on sixty (60) days written notice to the Company.
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By Employee Without Cause at the End of the Initial Term and Annually Thereafter. Employee may terminate this Agreement at the end of the Initial Term and annually thereafter upon the anniversary date of this Agreement by providing to the Company ninety (90) days prior written notice of his election to terminate this Agreement, such termination being effective as of the 90th day after notice is delivered. In the event of termination of this Agreement pursuant to this subsection, the Company will continue to pay to Employee Employee's monthly base salary from the date of delivery of notice of termination until the earlier of (i) the next annual anniversary of the date of this Agreement or (ii) 90 days from the date of termination of employment and Employee will be entitled to receive expense reimbursements under Section 5 hereof for expenses incurred in the performance of his duties hereunder prior to the date of termination.
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By Employee Without Cause. In the event the Employee terminates his employment without Good Reason prior to the end of his then current term of employment, then Employee will have been considered to have terminated his employment Without Cause. In such case, the Employee shall be considered to have resigned effective immediately and shall be entitled to no further salary or benefits other than those previously accrued but unpaid through the date of termination.
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By Employee Without Cause. Employee may terminate this Agreement by giving written notice (the ""Voluntary Notice"") thereof at least sixty (60) days in advance of such termination to a member of the Board of Directors of the Company other than Employee. In the event of such voluntary termination by Employee, the Company shall have no further obligations to make payments or otherwise under this Agreement, except that Employee shall be entitled to receive (i) any unpaid accrued Base Salary through the date of such termination, (ii) Incentive Bonus then payable, but that is unpaid pursuant to Section 3(a)(ii), above, as of the date of termination and (iii) any other amounts due to Employee as of the date of termination, including, but not limited to, reimbursement of expenses under Section 3(d) above, pursuant to Section 3(a)(iii), above, to the terms of such Sections. Such amounts shall be paid to Employee within sixty (60) days after the date of such termination.
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By Employee Without Cause. This Agreement may be terminated by the Employee without cause (resignation). In the event of such a termination, the Company shall have no further obligations hereunder.
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Related to By Employee Without Cause

  • Termination by Employee without Good Reason Employee may terminate Employee’s employment under this Agreement at any time without Good Reason, upon thirty (30) days’ prior written notice to Employer. In the event of a termination described in this Section 4(d), Employer shall pay to Employee all of Employee’s Accrued Obligations.

  • Termination by Employee with Good Reason Employee may terminate his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth with reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such thirty (30) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Employee’s termination will be effective upon the date immediately following the expiration of the thirty (30) day notice period, and Employee shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Employee’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement.

  • Termination by the Company for Cause or by Executive Without Good Reason If the Company terminates the Executive’s employment for Cause or the Executive terminates his employment without Good Reason, the Executive shall have no rights or claims against the Company except to receive the payments and benefits described in Section 6(a).

  • Termination by Employer Without Cause Employer may immediately terminate Employee’s employment without Cause. If, during the Term of this Agreement, Employee’s employment is terminated by Employer without Cause (other than due to death or Disability), including if Employer declines to renew the Term of the Agreement, then Employee shall be entitled to receive the Accrued Compensation. In addition, subject to Employee’s continuing compliance with the covenants contained in Paragraphs 7 and 8 of this Agreement and any other similar applicable restrictive covenants with Employer or an affiliate, and the execution by Employee of a binding general waiver and release of claims in a form acceptable to Employer (the “Release”) within the time period specified by Employer at the time of the Termination Date (which shall be no longer than 50 days after the Termination Date) and the expiration of any applicable revocation period with respect to the Release, if Employee’s employment terminates pursuant to this Paragraph 10.A(ii), then Employee shall be entitled to receive: a. Payment of the Bonus, if any, that was earned by Employee in any fiscal year ending prior to the Termination Date but remains unpaid as of the Termination Date, payable in a lump sum within seventy (70) days after the Termination Date. b. A pro-rated Bonus, if any, upon the satisfaction of any pre-established performance objectives at the end of the applicable bonus performance period; such payable pro-rata portion of the Bonus shall be determined by multiplying the Bonus amount by a fraction equal to the number of days of Employee’s employment during such applicable performance period divided by the total number of days in the applicable performance period. Payment of any pro-rated Bonus under this paragraph shall be made in the calendar year following the year in which the services were performed, when bonuses are generally paid to similarly situated employees. c. An amount equal to (y) thirty (30) months of the Employee’s then-current Annual Salary; plus (z) two and one-half (2.5) times the average of the Bonus payments for the immediately three (3) previous fiscal years from the Termination Date. This amount will be payable in thirty (30) substantially equal monthly installments commencing with the first regular payroll period following the expiration of any applicable revocation period with respect to the Release, and in any event, if at all, within seventy (70) days after the Termination Date. d. Provided that Employee elects, and to the extent that he is and remains eligible for, continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and Employer’s group health plan, payment of that part of the COBRA premiums for such continued coverage of Employee (and, if applicable as of the Termination Date, his dependents) that exceeds the amount that Employee would pay for such coverage if he were an active employee of Employer (“COBRA Subsidies”), starting on the first day following the date on which Employee’s coverage under that plan as an active employee of Employer ends, and ending on the earlier of (A) the date that twelve (12) months of such COBRA Subsidies have been paid, or (B) the date on which Employee’s right to continuation coverage under COBRA ends. Employee agrees and acknowledges that for so long as Employee is covered by COBRA and receiving severance payments under Paragraph 10(A)(ii)(c), the amount that Employee would pay for coverage under Employer’s group health plan if he were an active employee of Employer shall be deducted from such severance payments, and that this coverage under Employer’s group health plan shall run concurrently with such plan’s obligation to provide continuation coverage pursuant to COBRA. Employee further agrees and understands that this paragraph shall not limit such plan’s obligation to provide continuation coverage under COBRA.

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.