Termination by the Company for Cause; Termination by the Executive without Good Reason Sample Clauses
This clause defines the circumstances under which the company can terminate an executive's employment for cause, as well as the conditions under which the executive may resign without good reason. Typically, termination for cause includes serious misconduct, violation of company policy, or failure to perform duties, while resignation without good reason means the executive leaves voluntarily without a qualifying justification. The core function of this clause is to clarify the rights and obligations of both parties in these scenarios, ensuring that termination or resignation under these conditions does not trigger severance or other special benefits, thereby protecting the company from unwarranted payouts and providing clear guidelines for ending the employment relationship.
Termination by the Company for Cause; Termination by the Executive without Good Reason. (a) For purposes of this Agreement, “Cause” shall mean the Executive’s:
Termination by the Company for Cause; Termination by the Executive without Good Reason. In the event that the Executive's employment is terminated by the Company for Cause pursuant to Paragraph 5(c) or by the Executive without Good Reason pursuant to Paragraph 5(f), the Company shall pay the following amounts to the Executive:
i. Any accrued but unpaid Base Salary (as determined pursuant to Paragraph 3) for services rendered to the date of termination;
ii. Any accrued but unpaid expenses required to be reimbursed pursuant to Paragraph 4; and
iii. Any vacation accrued to the date of termination. The benefits to which the Executive may be entitled upon termination pursuant to the plans and programs referred to in Paragraph 4 and the plan and grant thereunder referred to in Paragraph 3(c) hereof shall be determined in accordance with the terms of such plans, programs and grant.
Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may at any time terminate the Executive's employment for Cause by giving the Executive a Notice of Termination in accordance with Clause 15.2 and, if applicable, after complying with Clause 17.1.5 hereof. The Executive may at any time terminate his employment with the Company without Good Reason by giving a Notice of Termination to the Company in accordance with Clause 15.2 hereof at least six months prior to the effective date of such termination specified in such notice. In the event of a termination by the Company for Cause or by the Executive without Good Reason, the Executive shall be entitled to receive any unpaid amount of his then current salary through the effective date of such termination, as well as any other benefits which shall have vested and become payable to him under the Benefit Plans as of such effective date.
Termination by the Company for Cause; Termination by the Executive without Good Reason. (a) For purposes of this Severance Agreement, “Cause” shall mean the Executive’s: (i) conviction of, or plea of guilty or nolo contendere to, a felony or a crime of moral turpitude; (ii) willful fraud, misappropriation, dishonesty or embezzlement, having a material adverse financial, economic or reputational effect on the Company; (iii) willful misconduct or gross or willful neglect in the performance of duties or (iv) breach in any material respect of the terms and provisions of this Severance Agreement; provided, that, in the event of a termination of the Executive’s employment pursuant to clause (iii) or (iv), the Company shall provide the Executive with a Notice of Termination at any time not more than thirty (30) days following the occurrence of any of the events described in such clause (or, if later, the Company’s knowledge thereof), and the Executive shall have thirty (30) days following the provision of such Notice of Termination to cure the basis for termination specified in such notice; provided further, that a termination for Cause shall not be effective unless approved by a vote of the majority of the entire Board of Directors (or such other vote require pursuant to the by-laws of the Company) at a meeting duly called and held at which the Executive shall have the right to be present and be heard. A “Notice of Termination” means a written notice which (I) indicates the specific termination provision in this Severance Agreement relied upon, (II) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated and (III) specifies the date on which the Executive’s employment shall terminate (which date shall be not less than thirty (30) days or more than sixty (60) days after the giving of such notice).
Termination by the Company for Cause; Termination by the Executive without Good Reason. During the Term, the Company may terminate the Term of this Agreement and the Executive’s employment with Cause, and the Executive may terminate the Term of this Agreement and his employment without Good Reason.
Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may at any tine terminate the Executive's employment for Cause by giving the Executive a Notice of Termination in accordance with Clause 12.2 and, if applicable, after complying with Clause 14.1.5 hereof. The Executive may at any time terminate her employment with the Company in accordance with Clause 12.2 hereof at least twelve (12) months prior to the effective date of such termination specified in such notice. In the event of a termination by the Company for Cause or by the Executive without Good Reason (except in the case where the Executive so terminates her employment within two years after a Change in Control, as provided in Clause 9.1.2), the Executive shall be entitled to receive any unpaid amount of her then current salary (including unused vacation entitlements pursuant to Clause 6.3) through the effective date of such termination, as well as any other benefits which shall have vested and become payable to her under the Benefit Plans as of such effective date.
Termination by the Company for Cause; Termination by the Executive without Good Reason. If the Executive's employment shall be terminated by the Company for Cause or if the Executive shall terminate his employment without Good Reason, the Company shall pay the Executive his full Base Salary through the Date of Termination at the annual rate in effect at the time such termination occurs, and thereafter the Company shall have no further obligation to the Executive under this Agreement, except the Company shall continue to have its obligations (i) to pay deferred compensation under sub-Sections 5.02(c), 5.05(b) and 5.05(c) hereof, (ii) to pay accumulated benefits under benefits plans or arrangements under Article 5, (iii) to reimburse the Executive for expenses incurred pursuant to Section 5.04(a) hereof prior to termination, and (iv) to indemnify the Executive under Article 10 hereof.
Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may terminate the Executive’s employment at any time for Cause, effective upon delivery to the Executive of written notice of such termination. If the Executive’s employment is terminated by the Company for Cause, the Executive shall be entitled only to the following:
(i) payment of any earned but unpaid Base Salary through the Termination Date, no later than 60 days following the Termination Date (or such earlier date as may be required by applicable law);
(ii) reimbursement for any unreimbursed business expenses incurred through the Termination Date, in accordance with Section 3(h); and
(iii) all other payments or benefits to which the Executive shall be entitled under the terms of any applicable compensation arrangement or benefit plan or program or grant or this Agreement, payable in accordance therewith (collectively, clauses (i) through (iii), the “Accrued Benefits”); Following the termination of the Executive’s employment by the Company for Cause, except as set forth in this Section 4(b), the Executive shall have no further rights to any compensation or any other benefits under this Agreement.
Termination by the Company for Cause; Termination by the Executive without Good Reason i. For purposes of this Agreement, “
Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may terminate the Term and the Executive’s employment hereunder for Cause with no notice (other than that set forth above), and the Executive may terminate the Term and his employment hereunder other than for Good Reason on at least 90 days written notice given to the Company. If the Company terminates the Executive for Cause, or the Executive terminates his employment and the termination by the Executive is not for Good Reason in accordance with Section 6.2, (i) the Executive shall receive the Accrued Benefits; and (ii) the Executive shall have no further rights to any other compensation or benefits under this Agreement on or after the termination of employment. Unless the payment is required to be delayed pursuant to Section 8.14(b) below, the cash amounts payable to the Executive under this Section 6.1 shall be paid to the Executive in a single-sum payment by wire transfer of immediately available funds within 30 days following the date of his termination of employment with the Company pursuant to this Section 6.1. In the event that notice is provided by Executive or the Company, the Company may require in its sole discretion that Executive cease reporting to work and/or to cease performing duties, in whole or in part, during all or any portion of said notice period.