Employer Action to Terminate Sample Clauses

The 'Employer Action to Terminate' clause defines the employer's right and process to end an employee's contract before its natural expiration. Typically, this clause outlines the specific grounds under which termination can occur, such as misconduct, poor performance, or redundancy, and may detail the required notice period or severance obligations. Its core function is to provide a clear, structured mechanism for ending employment, thereby reducing ambiguity and protecting both parties from potential disputes regarding the termination process.
Employer Action to Terminate. The Employer subject to Section 11.02(C) and by proper Employer action has the right, at any time, to terminate this Plan and the Trust created and maintained under the Plan. Any termination of the Plan under this Section 11.05(A) is not effective until compliance with applicable notice requirements under ERISA, if any. The Plan will terminate upon the first to occur of the following:
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Related to Employer Action to Terminate

  • Election to Terminate If such condition or default continues for thirty (30) days after delivery of such notice, the non-breaching party may sue to enforce the terms of this Lease or may give notice of its election to terminate this Lease. Twenty (20) days after such termination notice, this Lease shall cease and terminate.

  • Option to Terminate The Client and Contractor shall: (check one)

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

  • Our Right to Terminate We may terminate this Agreement and close your account at any time by giving you 30 days’ written notice; this right is in addition to any other rights to terminate this Agreement or close your account that we may have under this Agreement.

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons: