By the Employer Other than for Cause Sample Clauses

The "By the Employer Other than for Cause" clause defines the employer's right to terminate an employee's contract for reasons that do not involve misconduct or breach of contract by the employee. Typically, this clause outlines the procedures and obligations that arise when an employer decides to end employment without cause, such as providing advance notice or severance pay. Its core function is to clarify the process and consequences of a no-cause termination, ensuring both parties understand their rights and responsibilities in such situations and reducing the risk of disputes.
By the Employer Other than for Cause. The Employer may terminate the Executive’s employment at any time, other than for Cause, Death and Disability by (a) paying to the Executive Final Compensation and any Prorated Bonus; and (b) provided the Executive continues to fulfill the remainder of his contractual obligations towards the Employer, by providing the Executive with a written notice of termination of employment of twenty-four months or severance pay in lieu of notice representing the Executive’s Base Salary for twenty-four months, payable by way of salary continuance in accordance with the Employer’s payroll practices at the date of termination or in a lump sum payment, at the sole discretion of the Employer. Any obligation of the Employer to the Executive hereunder is conditional, however, upon the Executive signing a release, reasonably acceptable to the Employer, of any and all claims related to the employment of the Executive or the termination thereof.
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By the Employer Other than for Cause. The Employer may terminate the Executive’s employment at any time, other than for Cause, Death and Disability by (a) paying to the Executive Final Compensation and any Prorated Bonus; and (b) provided the Executive continues to fulfill the remainder of his contractual obligations towards the Employer, by providing the Executive with severance pay in lieu of notice representing the Executive’s Base Salary for twenty-four months, payable by way of salary continuance in accordance with the Employer’s payroll practices at the date of termination or in a lump sum payment, at the sole discretion of the Employer. Any obligation of the Employer to the Executive hereunder is conditional, however, upon the Executive signing a release, reasonably acceptable to the Employer, of any and all claims related to the employment of the Executive or the termination thereof.
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By the Employer Other than for Cause. The Employer may terminate the Executive’s employment at any time, other than for Cause, Death and Disability as follows: (i) provided the Executive continues to fulfill the remainder of his obligations towards the Employer, by paying to the Executive an amount of one million dollars as an indemnity of notice of termination of employment (the “Indemnity”). Notwithstanding the immediate termination of the Executive’s employment, it is understood that the Indemnity shall be payable over a period of three years following the termination of the Executive’s employment in equal quarterly installments; and (ii) in addition, and provided the Executive continues to fulfill the remainder of his obligations towards the Employer, by paying to the Executive an amount of Employment Agreement for ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 4 two million dollars in consideration of the non-competition covenant undertaken by the Executive (the “Non-Compete Consideration”). The Non-Compete Consideration shall be payable over a period of three years in equal quarterly installments. The Non-Compete Consideration is to be paid as consideration for the non-competition covenant set forth in Section 8 below and not as an indemnity of termination of employment. In the event of a breach of the said non-competition covenant, or in the event that the said non-competition covenant is determined by a Court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, the Non-Compete Consideration shall be forfeited and any amount already paid shall be immediately returned by the Executive to the Employer. Any obligation of the Employer to the Executive hereunder is conditional, however, upon the Executive signing a release, reasonably acceptable to the Employer of any and all claims related to the employment of the Executive or the termination thereof.
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Related to By the Employer Other than for Cause

  • Termination Other Than for Cause A. Pursuant to this provision, the Judicial Council may terminate this Agreement for convenience at any time, upon providing the Contractor written Notice identifying the effective date of termination. Upon the effective date of the termination Notice for convenience, the Contractor shall promptly discontinue all services affected unless the Notice specifies otherwise. B. If the Judicial Council terminates all or a portion of this Contract other than for cause, the Judicial Council will pay the Contractor for satisfactory services rendered before the termination, not to exceed the Contract Amount, unless otherwise set forth herein. C. The Judicial Council’s right to terminate for convenience is in addition to the Judicial Council’s rights to terminate under the Judicial Council’s obligation subject to availability of funds provision or the termination for cause provision, as set forth herein.

  • Termination by the Employer for Cause If the Employer terminates this Agreement for cause, the Executive will be entitled to receive his Salary only through the date such termination is effective, but will not be entitled to any Incentive Compensation for the Fiscal Year during which such termination occurs or any subsequent Fiscal Year.

  • Termination by the Employer Without Cause Subject to the payment of Termination Benefits pursuant to Section 7(b), the Executive’s employment under this Agreement may be terminated by the Employer without Cause upon no less than sixty (60) days prior written notice to the Executive.

  • Termination for Cause or Other Than for Good Reason If during the Term the Executive’s employment shall be terminated by the Company for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive the Accrued Obligations to the extent theretofore unpaid.

  • Termination by the Employee The Employee may terminate this Agreement at any time, for any reason or for no reason at all, by giving notice thereof to the Corporation at least thirty (30) days before the effective date of such termination. The Employment Period shall terminate as of the date of such termination of employment.