Characterization of Termination Clause Samples
The Characterization of Termination clause defines the specific circumstances and manner in which a contract may be brought to an end. It typically outlines the types of termination—such as for cause, for convenience, or upon mutual agreement—and may specify the procedures, notice requirements, and consequences that follow termination. For example, it might detail what obligations survive termination or how outstanding payments are handled. This clause ensures both parties understand their rights and responsibilities if the agreement is terminated, thereby reducing uncertainty and potential disputes.
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Characterization of Termination. ▇▇▇▇▇▇ and Poniard agree that for all future purposes they will characterize his termination of employment as involuntary for reasons other than misconduct or cause.
Characterization of Termination. The Company shall process the termination of Employee’s employment as the result of a layoff, and shall represent that Employee was laid off from his employment to any potential future employer who contacts the Company’s human resources department and requests confirmation of this information.
Characterization of Termination. The Company and Executive agree that for all future purposes they will characterize Executive’s termination of employment as a voluntary retirement.
Characterization of Termination. ▇▇▇▇▇▇▇▇▇▇ and Longview Fibre agree that for all future purposes they will characterize her termination of employment as a voluntary resignation. However, nothing in this Agreement will preclude ▇▇▇▇▇▇▇▇▇▇ from representing for the sole purpose of seeking unemployment compensation benefits that she resigned “in lieu of termination,” a representation which Longview Fibre will confirm for this purpose.
Characterization of Termination. Employee and Company agree that for all future purposes they will characterize Employee's termination of employment as a voluntary resignation. However, nothing in this Agreement shall preclude Employee from representing for the sole purpose of seeking unemployment compensation benefits that Employee resigned "in lieu of termination," a representation which Company will confirm for this purpose.
Characterization of Termination. The characterization of Executive’s termination shall be made by the Committee (as defined in section 5 below) which determination shall be final and binding.
Characterization of Termination. EXECUTIVE and THE COMPANY agree that for all future purposes they will characterize his termination of employment as a voluntary resignation.