Liability of the Employee Sample Clauses

The "Liability of the Employee" clause defines the circumstances under which an employee may be held responsible for losses, damages, or costs incurred by the employer due to the employee's actions or omissions. Typically, this clause outlines specific situations such as negligence, willful misconduct, or breach of company policies where the employee could be required to compensate the employer. Its core function is to allocate risk by clarifying the employee's accountability, thereby protecting the employer from potential harm caused by improper conduct.
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Liability of the Employee. 6.1. Under the agreement, the employee assumes, regardless of guilt, liability for any damage, including loss of profit, arising from the destruction of, loss of, or damage to the property. 6.2. The employee is liable for all damage caused to the employer on the basis specified in clause 6.1. of the agreement but not more than in the amount of __________[the amount in numbers] (_________[the amount in words]) euros except for liability for intentionally caused damage. 6.3. The employer is entitled to demand compensation for damage exceeding the monetary limit agreed on in clause 6.2. if the employee is responsible for the occurrence of damage taking account the legal grounds and restrictions. 6.4. The basis for the employee’s obligation to compensate for damage is damage incurred by the employer which has occurred in relation to the destruction of, loss of or damage to the property and that has been established and can be proved. 6.5. The employee is not liable for damaging the property to the extent that has been compensated by an insurance company or a third person.
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Liability of the Employee. The Employee will not be liable to the Employer or others except by reason of acts constituting bad faith, willful misconduct, negligence or reckless disregard of his duties.
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Liability of the Employee. (a) The Employee is not liable to the Corporation for any mistakes or errors in judgement or for any act or omission believed in good faith to be within the scope of authority conferred on him by this Agreement. (b) The Employee is liable for any loss or damage caused by the Employee’s negligence or willful misconduct, but no act or omission of the Employee will be deemed negligence or willful misconduct if it is done or omitted with the approval of the of the Corporation.
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Liability of the Employee. If the Employee breaches any of the provisions of Clause 12 (Exclusivity), 13 (Confidentiality), 18 (Unfair Competition), 19 (Special Non-Competition) or 20 (Non-Solicitation), the Employer or the Group is entitled to (i) claim damages from the Employee based on actual loss sustained and (ii) implement any other measure deemed necessary to protect their rights (including suspension of the Employment Agreement, initiating a claim or summary proceedings etc.) without any prior formal notice.
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Related to Liability of the Employee

  • Obligations of the Company Upon Termination of Employment (a) Expiration of Term and Nonrenewal by Executive, By the Company for Cause or by Executive without Good Reason. If Executive’s employment shall be terminated (i) due to and upon expiration of the Term of this Agreement because Executive shall have given written notice not to extend the Employment Period pursuant to Section 2(a), (ii) by the Company for Cause or (iii) by Executive without Good Reason, then the Company shall pay Executive Executive’s Base Salary (at the rate in effect at the time Notice of Termination is given) through the Date of Termination on or before the time required by law but in no event more than 30 days after the Executive’s Date of Termination, and any accrued or vested benefits or entitlements the Executive may have under any employee benefit, equity or bonus plan or award agreement of the Company or any affiliate through the Date of Termination, which accrued or vested benefits or entitlements shall be paid and/or provided in accordance with the terms of such employee benefit, equity or bonus plans or award agreements (collectively, the “Accrued Benefits”) and, except as provided in Section 2(f), the Company shall have no additional obligations to Executive under this Agreement.

  • Death or Disability of Employee In the event that the Employee incurs a Termination of Service due to his or her death or Disability during a Performance Period, the Employee shall immediately vest [INSERT DESCRIPTION OF VESTING CONDITIONS]. In the event that any applicable law limits the Company’s ability to accelerate the vesting of this award of Performance Shares, this paragraph 4(b) shall be limited to the extent required to comply with applicable law.

  • Death of the Employee The TERM automatically terminates upon the death of the EMPLOYEE. In the event of such death, the EMPLOYEE's estate shall be entitled to receive the compensation due the EMPLOYEE through the last day of the calendar month in which the death occurred, except as otherwise specified herein.

  • Death or Disability of Executive Executive's employment -------------------------------- hereunder shall terminate immediately upon the death or Disability of Executive.

  • Disability of Employee If the Employee, in the reasonable opinion of the Company, is unable to perform his duties under this Agreement by reason of incapacity, either physical or mental, as determined in accordance with the MIIX Group of Companies Long Term Disability Group Benefit Plan (the "LTD Plan"), or similar plan which may be in effect from time to time, the Company shall have the right to terminate the Employee's employment upon written notice to the Employee, whereupon such termination shall be effective as of the date specified in such notice (the "Termination Date") and the Company shall have no further obligations under this Agreement, except the obligation to pay to the Employee: (1) the balance of his accrued and unpaid Base Salary, (2) unreimbursed expenses, (3) unused, accrued vacation time (up to a maximum of three weeks) through the Termination Date, (4) any other applicable severance payments provided for in Section 4 hereof, and (5) any other benefits earned by the Employee and vested (if applicable) as of the Termination Date under any employee benefit plan of the Company or its affiliates in which the Employee participates. If the Company determines not to terminate the Employee's employment in the event of a disability as allowed under this Section 3.2, the Company shall continue to pay Base Salary to the Employee for a period of up to ninety days, and shall pay the difference between Base Salary and benefits paid to the Employee under the LTD Plan for a period of up to six months thereafter, paid in accordance with the Company's normal payroll practices, while the Employee is not working. If the Employee, in the reasonable opinion of the Company, remains disabled at the end of such nine month period, his employment shall be deemed terminated and he shall receive the benefits provided for in this Section 3.2.