FOR OTHER REASON Clause Samples

The "FOR OTHER REASON" clause allows a party to terminate or modify an agreement for reasons not specifically listed elsewhere in the contract. In practice, this clause provides flexibility by covering unforeseen circumstances or situations that do not fall under predefined termination grounds, such as mutual agreement or breach. Its core function is to ensure that parties are not strictly bound by a limited set of reasons for ending or altering the contract, thereby reducing the risk of being locked into unfavorable terms due to unanticipated events.
FOR OTHER REASON. If Executive or STT terminates his employment pursuant to this Agreement for any reason other than than set forth in the preceding paragraph, then any Termination Pay owed to Executive or to his estate shall be paid in accordance with STT's normal payroll schedule.
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Related to FOR OTHER REASON

  • Leave for Other Reasons Notwithstanding any provisions for leave in this Agreement, the Employer may grant leave of absence with or without pay to an employee for any other purpose.

  • Termination for Other Reasons The Corporation may discharge the Executive without Cause by giving written notice to the Executive in accordance with Section 14 at least thirty (30) days prior to the Date of Termination. The Executive may resign from his employment by giving written notice to the Corporation in accordance with Section 14 at least thirty (30) days prior to the Date of Termination. Except to the extent otherwise provided in Section 9 with respect to certain post-Date of Termination obligations of the Corporation, this Agreement shall terminate immediately as of the Date of Termination in the event the Executive is discharged without Cause or resigns.

  • Other Reasons Executive’s employment and the Term will be terminated upon Executive’s death or Executive becoming Disabled.

  • Leave With or Without Pay for Other Reasons At its discretion, the Employer may grant: (a) leave with pay when circumstances not directly attributable to the employee prevent his reporting for duty. Such leave shall not be unreasonable withheld; (b) leave with or without pay for purposes other than those specified in this Agreement.

  • Termination of Employment for Other Reasons In the event that the Participant's employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Death, Disability, Retirement, or Termination by the Company or a Subsidiary without Cause, then Participant's rights to all of the Target Performance Shares granted in this Award will be immediately and irrevocably forfeited upon such termination of employment.