Termination and Clause Samples

Termination and. This Collective Agreement shall continue in force and from September to March Either party to this Agreement may, not than one hundred and twenty (120) and not less than thirty (30) days prior to March give the other party written notice of its desire to bargain a renewal Collective Agreement, and a meeting shall be held within twenty (20) days at which time the parties will commence negotiations on the the terms of a new Agreement. Failing by April this Agreement and all of its terms will continue in force until a new Agreement is executed or completion of proceedings, as prescribed by law, whichever shall first

Termination and. Severance Prior to a Change of Control: In the event your employment is terminated by the Company without Cause or by you with Good Reason (as defined in Exhibit A) prior to a Change of Control (as defined in Exhibit A), then, in addition to the Accrued Obligations, and subject to your timely execution (and non-revocation) of the release described below, you will be entitled to receive a cash severance payment equal to the sum of: (i) 12 months of your then Base Salary; and (ii) your average earned AIP for over the Term (collectively, the “Base Severance Amount”). The Base Severance Amount will be paid to you in installments over a 12 month period, in accordance with the Company’s normal payroll cycle, with the first installment paid during the first payroll period following the expiration of the release revocation period described below. In addition to the Base Severance Amount, you will be entitled to receive a pro-rata AIP for the year in which your termination occurred, with such pro-rata AIP paid at the same time described above. Full Vesting of Equity Awards on Change of Control: Upon the closing of a transaction that results in a Change of Control, and notwithstanding anything in the Equity Plan to the contrary, your Option and other Equity Awards shall fully vest and become exercisable.

Termination and. When an employee without initial vacation eligibility is terminated, he will be entitled to the statutory requirement as set forth in the applicable legislation. If the em- ployee is subsequently he will become entitled to a vacation whenever his Company Service Credit meets the eligibility require- ments of the Plan. Such vacation shall be reduced by the amount already received in the current year due to statutory requirements. When an employee who has attained initial vacation eligibility is termin- ated, he is entitled to any Current Year Vacation that has not been taken, in addition to any amount pre- scribed by law. If he is later with Company Service Credit for prior service, no vacation may be granted until he has accumulated six ad- ditional months of Company Service Credit at which time he will again become entitled to full Current Year Vacation. These 6 months may be accumulated during intermittent periods of employment. However, these vacations are reduced by the amount(s) already received as pres- cribed by law, if they are taken within months following Such entitlement will not become effective until the following calendar year, if it would otherwise result in duplication of Current Year Vacation.

Termination and. Survival Client may terminate this Agreement at its convenience and without any breach by Contractor upon fifteen (15) days’ prior written notice to Contractor. If Client terminates this Agreement, all sums which could have been paid under this Agreement are accelerated and Client shall make payment to Contractor of all sums by certified check within 5 days of termination. Contractor may terminate this Agreement at any time upon fifteen (15) days’ prior written notice to Client. All sums paid by Client shall remain the exclusive property of Contractor. If this Agreement is terminated, for any reason, Sections 2, 4, and 8 shall survive termination.

Termination and. The Employer shall arrange for the preparation and distribution of sufficient copies of this Agreement. The costs associated with the printing of the Agreements shall be shared equally by the Parties.

Termination and. SUSPENSION

Termination and. Acceleration Notwithstanding any other provisions herein stated relating to the payment and availability of the Facility, the Bank reserves the right in the event of default, to terminate and accelerate payment of the Bank’s Sale Price and/or other indebtedness at any time it deems fit by giving written notice of the same, whereupon the Facility or such part thereof shall be terminated and the whole indebtedness or such part thereof shall be payable upon demand. Without prejudice to the generality of the foregoing, the Bank reserves the right to terminate and accelerate payment of the Bank’s Sale Price and/or other indebtedness, if the Facility(s) is utilised for any purpose which is in contravention of the Shariah principles as determined by the Bank.

Termination and. Survival

Termination and. RENEWAL JOB GRADES AND TITLES.. LETTERS OF UNDERSTANDING THIS AGREEMENT BETWEEN BEHALFOFITS The Company recognizes the Union as the exclusive bargaining representative for all its employees at its Niagara Falls Plant, save and except supervisors, persons above the rank of supervisor and persons employed for the purpose of plant protection.