BY THE EMPLOYEE WITH OR WITHOUT GOOD REASON Sample Clauses

This clause allows an employee to terminate their employment at any time, regardless of whether they have a specific reason or justification. In practice, it means the employee does not need to prove cause or provide detailed explanations to resign, and may simply give notice as required by the contract. The core function of this clause is to provide flexibility and autonomy to the employee, ensuring they are not bound to continue employment against their will and can leave the position for any reason or no reason at all.
BY THE EMPLOYEE WITH OR WITHOUT GOOD REASON. The Employee may terminate his employment, with or without Good Reason (as defined below), at any time upon at least sixty (60) days' advance written notice to the Company. In the event of a family emergency, including but not limited to the death or incapacity of an immediate family member, or upon other circumstances deemed sufficient by a majority of the IFSC Board, the Employee may terminate his employment upon fifteen (15) days' advance written notice to the Company. In the event of termination at the Employee's option without Good Reason, the Employee shall be entitled to no severance or other termination benefits after the expiration of the sixty-day period referred to above, except as otherwise required by law. In the event the Employee terminates his employment for Good Reason, the Company agrees to pay the Employee, in a lump sum within fifteen (15) days of the Employee's last day of employment with the Company, a severance payment equal to the product of (i) the greater of (x) the remaining number of months in the term
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BY THE EMPLOYEE WITH OR WITHOUT GOOD REASON. The Employee may terminate his employment, with or without Good Reason (as defined below), at any time upon at least sixty (60) days' advance written notice to the Company. In the event of a family emergency, including but not limited to the death or incapacity of an immediate family member, or upon other circumstances deemed sufficient by a majority of the IFSC Board, the Employee may terminate his employment upon fifteen (15) days' advance written notice to the Company. In the event of termination at the Employee's option without Good Reason, the Employee shall be entitled to no severance or other termination benefits after the expiration of the sixty-day period referred to above, except as otherwise required by law. In the event the Employee terminates his
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BY THE EMPLOYEE WITH OR WITHOUT GOOD REASON. The Employee may terminate his employment, with or without Good Reason (as defined below), at any time upon at least sixty (60) days' advance written notice to the Company. In the event of a family emergency, including but not limited to the death or incapacity of an immediate family member, or upon other circumstances deemed sufficient by a majority of the IFSC Board, the Employee may terminate his employment upon fifteen (15) days' advance written notice to the Company. In the event of termination at the Employee's option without Good Reason, the Employee shall be entitled to no severance or other termination benefits after the expiration of the sixty-day period referred to above, except as otherwise required by law. In the event the Employee terminates his employment for Good Reason, the Company agrees to pay the Employee, in a lump sum within fifteen (15) days of the Employee's last day of employment with the Company, a severance payment equal to the product of (i) the greater of (x) the remaining number of months in the term of this Agreement and (y) twenty-four months (the "Severance Period"), divided by twelve, multiplied by (ii) the sum of the Employee's Base Rate immediately prior to such termination and the Recent Annual Bonus (as defined below). In addition, during the Severance Period, the Company shall continue to provide the Employee and his eligible dependents (to the extent applicable) with group health benefits and life and disability insurance on the same terms and conditions applicable to active senior executives of the Company, including cost-sharing (hereinafter the "Welfare Benefits"), provided, that if the Welfare Benefits cannot be provided to inactive employees under the terms of the applicable plans or applicable law, the Company shall
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Related to BY THE EMPLOYEE WITH OR WITHOUT GOOD REASON

  • By the Executive Without Good Reason The Executive may terminate his employment without Good Reason at any time upon sixty (60) days’ notice to the Company. The Board may elect to waive such notice period or any portion thereof but, in such event, will pay to the Executive the Base Salary for the period so waived.

  • Termination by the Executive Without Good Reason The Executive may terminate his employment on his own initiative for any reason upon 30 days’ prior written notice to the Company; provided, however, that during such notice period, the Executive shall reasonably cooperate with the Company (at no cost to the Executive) in minimizing the effects of such termination on the Company Group. Such termination shall have the same consequences as a termination for Cause under Section 6.2.

  • Termination by the Company for Cause or by the Executive without Good Reason The Company may terminate the Executive’s employment pursuant to the terms of this Agreement at any time for Cause (as defined below) by giving the Executive written notice of termination. Such termination shall become effective upon the giving of such notice. Upon any such termination for Cause, or in the event the Executive terminates his employment with the Company without Good Reason (as defined in Section 6(c)), then the Executive shall have no right to compensation, or reimbursement under Section 4, or to participate in any Executive benefit programs under Section 5, except as may otherwise be provided for by law, for any period subsequent to the effective date of termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony related to the business of the Company; (ii) the Executive, in carrying out his duties hereunder, has acted with gross negligence or intentional misconduct resulting, in any case, in material harm to the Company; (iii) the Executive misappropriates Company funds or otherwise defrauds the Company including a material amount of money or property; (iv) the Executive breaches his fiduciary duty to the Company resulting in material profit to him, directly or indirectly; (v) the Executive materially breaches any agreement with the Company and fails to cure such breach within 10 days of receipt of notice, unless the act is incapable of being cured; (vi) the Executive breaches any provision of Section 8 or Section 9; (vii) the Executive becomes subject to a preliminary or permanent injunction issued by a United States District Court enjoining the Executive from violating any securities law administered or regulated by the SEC; (viii) the Executive becomes subject to a cease and desist order or other order issued by the SEC after an opportunity for a hearing; (ix) the Executive refuses to carry out a resolution adopted by the Company’s Board at a meeting in which the Executive was offered a reasonable opportunity to argue that the resolution should not be adopted; or (x) the Executive abuses alcohol or drugs in a manner that interferes with the successful performance of his duties.

  • 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.

  • Voluntary Termination by the Executive Without Good Reason If the Executive terminates employment without Good Reason, the Executive shall receive the Base Salary and expense reimbursement to which the Executive is entitled through the date on which termination becomes effective.