Common use of Termination by Executive without Good Reason Clause in Contracts

Termination by Executive without Good Reason. Executive may terminate his employment under this Agreement without Good Reason at any time by giving written notice to the Company. Such termination will become effective upon the date specified in such notice, provided that such date is at least ninety (90) calendar days after the date of delivery of the notice. Upon any such termination, the Company shall be relieved of all of its obligations under this Agreement, except for payment of all accrued compensation and wages and the provision of benefits through the effective date of termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) day notice period.

Appears in 9 contracts

Sources: Employment Agreement (Monetiva Inc.), Employment Agreement (Toughbuilt Industries, Inc), Employment Agreement (Toughbuilt Industries, Inc)

Termination by Executive without Good Reason. Executive may shall have the right to terminate this Agreement and his employment under this Agreement without Good Reason at any time hereunder by giving the Company not less than ninety (90) days prior written notice to the Companythat effect. Such The termination will become of employment shall be effective upon on the date specified in such notice, provided . In the event that such date notice is at least ninety (90) calendar days after given, the date Company may require Executive to leave immediately, in which event, Executive must be compensated under this Agreement for the notice period in a manner commensurate to the compensation Executive would have received during the notice period had his employment not been terminated by him. In the event of delivery of the notice. Upon any such termination, the Company Executive shall be relieved entitled to receive the same payments as would be provided under Section 8.2 in the event of all of its obligations under this Agreement, except termination for payment of all accrued compensation and wages and the provision of benefits through the effective date of termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) day notice periodcause.

Appears in 8 contracts

Sources: Employment Agreement, Employment Agreement (Usi Holdings Corp), Employment Agreement (Usi Holdings Corp)

Termination by Executive without Good Reason. Executive may terminate his employment under this Agreement without Good Reason at any time by giving written notice to the Company. Such termination will become effective upon the date specified in such notice, provided that such date is at least ninety (90) calendar days after the date of delivery of the notice. Upon any such termination, the Company shall be relieved of all of its obligations under this Agreement, except for payment of all accrued compensation and wages and the provision of benefits through the effective date of termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) day notice periodperiod (in which case any authority granted under Section 2 shall be suspended).

Appears in 4 contracts

Sources: Employment Agreement (Toughbuilt Industries, Inc), Employment Agreement (Toughbuilt Industries, Inc), Employment Agreement (Toughbuilt Industries, Inc)

Termination by Executive without Good Reason. At any time during the Term, Executive may terminate his employment under this Agreement without Good Reason at any time by giving written notice to the Company. Such termination will become effective upon the date specified in such notice, provided that such date is Companies at least ninety (90) calendar days after the date written notice of delivery of the noticetermination without Good Reason. Upon any such terminationtermination of Executive’s employment by Executive without Good Reason, the Company obligation to pay or provide Executive compensation and benefits under this Agreement shall terminate, except: (a) Executive shall be relieved paid that portion of all of its obligations under this Agreementhis Base Salary, except for payment of all accrued compensation and wages and at the provision of benefits rate then in effect, which shall have been earned through the effective date of terminationtermination date; and (b) Executive shall be paid or provided such other payments or benefits, and the Company mayif any, in its sole discretion, cause which had accrued hereunder before the termination to become effective sooner than such ninety (90) day notice perioddate.

Appears in 2 contracts

Sources: Employment Agreement (Ata Holdings Corp), Employment Agreement (Ata Holdings Corp)

Termination by Executive without Good Reason. Executive may terminate his his/her employment under this Agreement without Good Reason at any time by as defined in Paragraph 6.4 below upon the giving of 90 days written notice to of termination. In the Company. Such termination will become effective upon the date specified in such notice, provided that such date is at least ninety (90) calendar days after the date event of delivery of the notice. Upon any such termination, in lieu of the Company shall be relieved of all of its obligations under this Agreement, except for payment of all accrued compensation and wages and the provision of benefits through the effective date of termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) 90 day notice period, the Company may elect to pay Executive compensation for the notice period (or any remaining portion thereof), plus unused accrued vacation and any accrued unpaid bonus, in which event Executive’s services to the company will be terminated immediately. No Termination Payments or Termination Benefits other than as set forth in Section 6.3 shall be payable upon Executive’s termination of this Agreement without Good Reason.

Appears in 1 contract

Sources: Employment Agreement (AAC Group Holding Corp.)

Termination by Executive without Good Reason. In the event Executive may terminates his employment with Employer for any reason (including retirement) other than Good Reason, Executive shall give Employer at least 90 days written notice of Executive’s intention to terminate his employment without Good Reason, and Employer may elect at its option and at any time to accept such termination at a date sooner than such ninetieth day. Executive shall be entitled to all compensation and benefits due under this Agreement without Good Reason at to such termination date. Thereafter no additional benefits or monies shall be due Executive, his estate or his dependents, other than those accrued hereunder or under any time by giving written notice to the Company. Such termination will become effective upon the date specified in such notice, provided that such date is at least ninety (90) calendar days after benefit plans of Employer as of the date of delivery of the notice. Upon any such termination, the Company shall be relieved of all of its obligations under this Agreement, except for payment of all accrued compensation and wages and the provision of benefits through the effective date of termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) day notice period.

Appears in 1 contract

Sources: Employment Agreement (Coastal Carolina Bancshares, Inc.)

Termination by Executive without Good Reason. For the purposes of this Agreement, the Executive may terminate his employment under this Agreement without with the Company Without Good Reason Reason, at any time for any reason by giving the Company written notice to the Company. Such termination will become effective upon the date specified in such notice, provided that such date is at least ninety (90) calendar days after the date of delivery of the notice. Upon any such termination, the Company shall be relieved of all of its obligations under this Agreement, except for payment of all accrued compensation and wages and the provision of benefits through prior to the effective date of termination. If Executive terminates his employment with the Company Without Good Reason, all compensation and benefits paid by the Company to the Executive shall cease upon his last day of employment, but Executive shall be entitled to receive any accrued but unpaid base salary through the date of termination, and will be reimbursed for any reimbursable expenses that have not been reimbursed prior to the Company may, in its sole discretion, cause the termination to become effective sooner than date such ninety (90) day notice periodtermination.

Appears in 1 contract

Sources: Employment Agreement (Avantair, Inc)

Termination by Executive without Good Reason. Executive may terminate his her employment under this Agreement without Good Reason at any time by giving written notice to the Company. Such termination will shall become effective upon on the date specified in such notice, provided that such said date is at least ninety not less than sixty (9060) calendar days after the date of delivery of the noticenotice to Company. Upon any In the event of such terminationa termination by Executive without Good Reason, the Company shall be relieved of all of its further obligations under this Agreement, except for payment the payments and benefits that previously accrued prior to Executive’s last day of all accrued compensation and wages and the provision of benefits through the effective date of termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) day notice periodemployment.

Appears in 1 contract

Sources: Employment Agreement (Grubb & Ellis Co)

Termination by Executive without Good Reason. In the event Executive may terminates his employment with Employer for any reason (including retirement) other than Good Reason, Executive shall give Employer at least 90 days notice of Executive’s intention to terminate his employment without Good Reason, and Employer may elect at its option and at any time to accept such termination at a date sooner than such ninetieth day. Executive shall be entitled to all compensation and benefits due under this Agreement without Good Reason at through such termination date. Thereafter no additional benefits or monies shall be due Executive, his estate or his dependents, other than those accrued hereunder or under any time by giving written notice to the Company. Such termination will become effective upon the date specified in such notice, provided that such date is at least ninety (90) calendar days after benefit plans of Employer as of the date of delivery of the notice. Upon any such termination, the Company shall be relieved of all of its obligations under this Agreement, except for payment of all accrued compensation and wages and the provision of benefits through the effective date of termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) day notice period.

Appears in 1 contract

Sources: Employment Agreement (Coastal Carolina Bancshares, Inc.)

Termination by Executive without Good Reason. The Executive may voluntarily terminate his employment under this Agreement without Good Reason at any time by giving the service of written notice of such termination to the Company. Such Company specifying an effective date of termination will become effective upon the date specified in such notice, provided that such date is at least ninety no sooner than thirty (9030) calendar days and no later than sixty (60) days after the date of delivery of such notice; pro- vided, however, if less than thirty (30) days remain in the notice. Upon any such terminationTerm, the Company minimum notice required from Executive under this Section 6.2 shall be relieved of all of its obligations under this Agreement, except for payment of all accrued compensation reduced from thirty (30) to seven (7) days. The Company reserves the right to end the employment relationship at any time after the date such notice is given to the Company and wages and the provision of benefits to pay Executive through the effective date of termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) day notice periodTermination Date.

Appears in 1 contract

Sources: Employment Agreement (Chesapeake Energy Corp)

Termination by Executive without Good Reason. Executive may voluntarily terminate his employment under this Agreement without Good Reason at any time by giving the service of written notice of such termination to the Company. Such Company specifying an effective date of such termination will become effective upon the date specified in such notice, provided that such date is at least ninety (90) calendar days after the date of delivery of such notice (the notice“Executive Termination Date”), during which time Executive may use remaining accrued vacation days, or at the Company’s option, be paid for such days. Upon any such terminationIn the event this Agreement is terminated by Executive without Good Reason, the Company shall be relieved will not have any further obligations to Executive including, without limitation, any obligation of all of its obligations under this Agreement, except for payment of all accrued compensation and wages and the provision of Company to provide any further payments or benefits through to the Executive after the effective date of such termination, and the Company may, in its sole discretion, cause the termination to become effective sooner than such ninety (90) day notice period.

Appears in 1 contract

Sources: Severance Agreement (Cross Border Resources, Inc.)