Not for Cause Sample Clauses
The 'Not for Cause' clause allows one or both parties to terminate an agreement without needing to prove the other party has breached the contract or done anything wrong. Typically, this clause requires advance written notice—such as 30 or 60 days—before the termination becomes effective, and may specify any obligations that survive termination, like payment for work already performed. Its core function is to provide flexibility, enabling parties to end their contractual relationship for any reason or no reason at all, thereby reducing the risk of being locked into an unfavorable or unnecessary agreement.
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Not for Cause. Employee, pursuant to the terms of the Agreement, may at any time upon the giving of 30-days notice be terminated not for cause. If Employee is terminated not for cause, Employee shall be entitled to all compensation, benefits and bonuses due under Section 3 of this Agreement for the remainder of this Agreement. Such payments shall be paid to Employee as all salary, bonuses and profit sharing are made to Finance’s Employees.
Not for Cause. Employer may terminate the employment of Executive at any time for any reason. However, if such termination of employment does not occur pursuant to Section 2.2 or under the circumstances described in paragraphs (a), (b) or (c)(i) of this Section 2.7, Employer shall remain obligated to Executive for (I) payment of Executive's unpaid Base Salary (as described in Section 2.4) through the then-remaining term of this Agreement pursuant to Section 2.2, (II) any Bonus (as described in Section 2.4) paid on or before Executive's last day worked and (III) payment for any vacation accrued but unused as of before Executive's last day worked.
Not for Cause. At the option of Employer at any time for any reason other than those referred to above or for no reason at all, whereupon the Employer shall become obligated to make those payments set forth in Section 7.1(d) hereof. If Employer shall be in material breach of this Agreement and by reason thereof Employee terminates his employment hereunder, such termination shall be deemed a termination by Employer pursuant to this Section 6.1(d).
Not for Cause. The Marina retains the right to terminate this agreement without cause, at anytime, upon ten (10) days written notice to the Tenant. In such cases, any prepaid fees, charges, or expenses shall be prorated and any surplus returned to the Tenant and Tenant shall remove their boat by the termination date so noticed.
Not for Cause. If such termination is based on any reason other than “for cause,” Company shall be obligated to pay to Employee his base salary during the remainder of the term of this Contract (on a monthly basis at the same rate as payable immediately before the Date of Termination). In addition, no later than March 15 following the calendar year during which occurred the event triggering such Date of Termination, Company shall pay to Employee his Proportionate Share of the pre-tax bonus referred to in paragraph 4.b. above. For this purpose, Employee’s “Proportionate Share” will be a fraction the numerator of which is the number of days in such calendar year ending with such Date of Termination and the denominator of which is the total number of days in such calendar year.
(a) Included within the definition of a termination of Employee other than “for cause” will be a “Change in Control of Company.” For purposes of this Contract, the term “Change in Ownership or Control of Company” is defined in Exhibit “A” attached hereto.
(b) If, at the time of termination, Company was providing an automobile to Employee under paragraph 5.e. above, then, for a consideration of Ten Dollars ($10.00) cash paid by Employee to Company, the following shall apply: (i) if Company owned the automobile, Company shall transfer the title (free and clear of any liens or other encumbrances) to Employee (along with any insurance coverage [if assignable]); and (ii) if Company was leasing such automobile, Company shall assign to employee all of its right, title, and interest in and to such lease. Such transfer or assignment shall be completed by the Company not later than two and one-half (2 ½ ) months after the end of the calendar year in which the Date of Termination occurs. EMPLOYEE ACKNOWLEDGES THAT THE DIFFERENCE IN THE FAIR MARKET VALUE OF THE AUTOMOBILE ON THE DATE OF TRANSFER OVER THE CONSIDERATION PAID BY THE EMPLOYEE SHALL BE TAXABLE TO EMPLOYEE AS COMPENSATION INCOME AND BE SUBJECT TO EMPLOYMENT TAX WITHHOLDING REQUIREMENTS.
(c) Sec. 416(i) of the Code defines “key employee” as meaning an employee who, at any time during the year, is: (i) an officer having an annual compensation greater than $130,000; (ii) a five percent owner of the employer; or (iii) a one percent owner of the employer having an annual compensation from the employer of more than $150,000. Sec. 409A of the Code provides that deferred compensation benefits payable as a result of termination of employment cannot be made to ...
Not for Cause. Employee's employment may be terminated by the Company for any reason permitted under applicable law so long as Employee is given thirty (30) days advance written notice (or payment in lieu thereof). In the event of a termination pursuant to this subparagraph, Employee shall be entitled to payment from the Company equivalent to the base salary compensation set forth in this Agreement for the remaining term of the Agreement or severance pay equal to twelve (12) months of base salary payments, whichever is greater.
Not for Cause. The Slip owner retains the right to terminate this agreement without cause, at anytime, upon ten (10) days written notice to the Renter. In such cases, any prepaid fees, charges, or expenses shall be prorated and any surplus returned to the Renter, and Renter shall remove their boat by the termination date so noticed. Nothing in this paragraph 6 shall waive any other right of the slip owner under this agreement, at law, equity or admiralty.
Not for Cause. At the option of the Company at any time for any reason other than those referred to above or for no reason at all, whereupon the Company shall become obligated to make those payments set forth in Section 7.1(c) hereof, provided that in the event that a Takeover of Control (as hereinafter defined) occurs within 6 months of termination of the Engagement pursuant to Section 6.1(c), the Engagement shall be deemed to have been terminated pursuant to section 6.1(e) and the Company shall be obligated to make those payments set forth in Section 7.1(d).
Not for Cause all RSUs for which a Settlement Date has not occurred shall immediately be forfeited without further consideration to the Participant, except in the case of involuntarily termination as set forth in (iv) below.
Not for Cause. The CLUB retains the right to terminate this agreement without cause, at anytime, upon ten 10 day’s written notice to the RENTER. In such cases, any prepaid Annual Fees, charges, or expenses shall be prorated and any surplus returned to the RENTER, and the RENTER shall remove the Boat by the termination date so notified. Nothing in this paragraph shall waive any other right the CLUB has or may have under this Agreement, at law, equity or in admiralty.