Common use of Termination by Authority Clause in Contracts

Termination by Authority. Should the Authority terminate Key Employee without Good Cause, the Authority shall provide the Key Employee sixty (60) days written notice. Should the Authority require the Key Employee to leave his position prior to the Sixty (60) days, the Authority shall pay the Key Employee for the time not worked. As sole compensation for such termination, and provided such termination is more than 90 days following the Commencement Date and Key Employee executes a release and waiver as described in Section 7.5 (d) above, the Authority shall pay to Key Employee an amount equal to his salary for a period of three (3) months from the Actual Date of Termination, together with all employee benefits during that three-month period which he would have earned had he remained employed during said period.

Termination by Authority. Should the Authority terminate Key Employee without Good Cause, the Authority shall provide the Key Employee sixty (60) days written notice. Should the Authority require the Key Employee to leave his position prior to the Sixty (60) days, the Authority shall pay the Key Employee for the time not worked. As sole compensation for such termination, and provided such termination is more than 90 days following the Commencement Date and Key Employee executes a release and waiver as described in Section 7.5 (d) above, the Authority shall pay to Key Employee an amount equal to his salary for a period of three nine (39) months from the Actual Date of Termination, together with all employee benefits during that threenine-month period which he would have earned had he remained employed during said period.

Termination by Authority. Should the Authority terminate Key Employee without Good Cause, the Authority shall provide the Key Employee sixty (60) days written notice. Should the Authority require the Key Employee to leave his position prior to the Sixty (60) days, the Authority shall pay the Key Employee for the time not worked. As sole compensation for such termination, and provided such termination is more than 90 days following the Commencement Date and Key Employee executes a release and waiver as described in Section 7.5 (d) above, the Authority shall pay to Key Employee an amount equal to his salary for a period of three six (36) months from the Actual Date of Termination, together with all employee benefits during that threesix-month period which he would have earned had he remained employed during said period.