Termination by the University without Cause Sample Clauses

Termination by the University without Cause. The University shall have the right to terminate Assistant Coach’s employment and this Agreement without any reason and without cause prior to the termination date stated in Section 3 above. In the event this Agreement is terminated without cause, (1) all obligations of the University to Assistant Coach pursuant to this Agreement shall cease as of the date of any such termination, (2) Assistant Coach shall be eligible for any post-termination benefits applicable to regular employees of the University (i.e. COBRA insurance eligibility, et al), (3) the University will pay to Assistant Coach, in lieu of any and all other legal remedies or equitable relief available to Assistant Coach, liquidated damages equal to ___ [insert number] year(s) Base Salary that Assistant Coach is receiving at the date of such termination for the duration of the Payout Period, which begins on the date of such termination and ends on __________ [date Payout Period ends]. Such liquidated damages shall be paid on a monthly basis through the Payout Period. Assistant Coach acknowledges his/her obligation to minimize the payments due to him/her under Section 7.B and agrees to make every reasonable effort to obtain other employment as long as the University has the obligation to make payments under Section 7.B. If Assistant Coach obtains new employment by the Payout Period, the University’s financial obligations under Section 7.B shall be reduced by the total compensation received by Assistant Coach in his/her new position, including employee benefits, whether in cash, deferred payments, or in kind. If Assistant Coach’s salary in his/her new position exceeds that which Assistant Coach would have been paid at the University, the University’s financial obligations would immediately cease. Assistant Coach shall immediately, upon acceptance of other employment, notify the Athletics Director in writing of such employment and the total compensation to be paid to Assistant Coach for the employment. In addition, Assistant Coach agrees to provide the University with a copy of his/her W-2 form for each calendar year as long as the University has the obligation to make payments under Section 7.B. For the avoidance of all doubt, the Parties understand and agree that the duty to make the liquidated damages payment shall not be treated as a subsidy for any future employer to pay Assistant Coach less than market value for his/her services. If the University ends this Agreement without cause prior to the...

Termination by the University without Cause. The University shall have the right to terminate Athletics Director’s employment and this Agreement without any reason and without cause prior to the termination date stated in Section 2 above. In the event this Agreement is terminated without cause, (1) all obligations of the University to Athletics Director pursuant to this Agreement shall cease as of the date of any such termination, and (2) Athletics Director shall be eligible for any post-termination benefits applicable to regular employees of the University (i.e. COBRA insurance eligibility, et al).

Termination by the University without Cause. The University shall have the right to terminate Head Coach’s employment and this Agreement without any reason and without cause prior to the termination date stated in Section 3 above. In the event this Agreement is terminated without cause, (1) all obligations of the University to Head Coach pursuant to this Agreement shall cease as of the date of any such termination (except for the payment of earned, due, vested or accrued compensation, bonuses and reimbursements), (2) Head Coach shall be eligible for any post-termination benefits applicable to regular employees of the University (i.e. COBRA insurance eligibility, et al), (3) the University will pay to Head Coach, in lieu of any and all other legal remedies or equitable relief available to Head Coach, liquidated damages through the end of the Payout Period (as defined below). The Payout Amount shall be in the following amounts: (a) If termination without cause occurs during the first Contract Year of this Agreement beginning from June 1, 2025 through August 31, 2025, University will pay the pro-rata portion of $138,664 remaining for the Contract Year, plus $1,236,000; (b) If termination without cause occurs during the second Contract Year of this Agreement beginning from September 1, 2025 through August 31, 2026, University will pay the pro-rata portion of $412,000 remaining for the Contract Year, plus $824,000 (c) If termination without cause occurs during the third Contract Year of this Agreement beginning from September 1, 2026 through August 31, 2027, University will pay the pro-rata portion of $412,000 remaining for the Contract Year, plus $412,000 (d) If termination without cause occurs during the fourth Contract Year of this Agreement beginning from September 1, 2027 through August 31, 2028, University will pay the pro-rata portion of $412,000 remaining for the Contract Year; and (e) In the event of Head Coach receives an Additional Term bonus as established in this Agreement, beginning from September 1, 2028 to August 31, 2029, University will pay the pro-rata portion of $412,000 remaining for the Additional Term. The payout period shall be from the date of such termination and shall end on August 31, 2028, or in the event of an Additional Term as stated in Section 3 above, August 31, 2029 (“Payout Period”). Such liquidated damages shall be paid on a monthly basis through the Payout Period. The Parties covenant and agree that the amount of damages to be paid by the University hereunder is fair ...

Termination by the University without Cause. The University may terminate this Agreement and the President and Vice-Chancellor’s employment for any reason (without cause) by providing the following notice: a) Before July 1, 2024, except in circumstances where the Nova Scotia Labour Standards Code, as amended from time to time prohibits without-cause termination, by providing pay in lieu of notice equivalent to one month of service on a pro-rated basis. All benefits, including disability benefits, will cease immediately. b) After July 1, 2024, except in circumstances where the Nova Scotia Labour Standards Code, as amended from time to time, prohibits without-cause termination, by providing to the President and Vice-Chancellor their annual salary, by salary continuation, for a period of 12 months (“Salary Continuation Period”). All benefits, including disability benefits, will cease immediately. At its option, the University may elect to provide the President and Vice-Chancellor with payment for the Salary Continuation Period in lieu of notice, or any combination of notice and pay in lieu of notice aggregating the Salary Continuation Period. The University may elect not to require the President and Vice- Chancellor’s services during some or all of the Salary Continuation Period. The University will have sole discretion to elect whether the President and Vice-Chancellor must continue to report for work to fulfil their specific duties and responsibilities or to carry out other duties, including orientation of any successor during such Salary Continuation Period. The University may waive any portion of the Salary Continuation Period by payment to the President and Vice-Chancellor of the annual salary payments owed for the remainder of the period. The parties acknowledge that the payment provided to the President and Vice-Chancellor under this Section is in discharge of all of the obligations of the University to the President and Vice-Chancellor and is inclusive of and in full satisfaction of any claim by the President and Vice-Chancellor to reasonable notice, pay in lieu of notice, any compensation or damages under applicable employment standards, equivalent legislation and common law. However, under no circumstances will the entitlements with which the President and Vice-Chancellor is provided fall below the minimum requirements under the Nova Scotia Labour Standards Code or other applicable labour standards legislation, as amended from time to time. In the event that the applicable employment standards...

Termination by the University without Cause. The Executive’s employment hereunder and the Employment Term may be terminated by the University for any reason by written notice as provided in Section 16. For purposes of this Agreement, the Executive will be treated as having been terminated by the University without Cause if the Executive terminates his employment with the University under the following circumstances: (i) the University breaches any material provision of this Agreement and fails to cure such breach within thirty (30) calendar days after receiving notice thereof from the Executive; (ii) there occurs a material reduction in the Executive’s authority, functions, duties or responsibilities as provided in Section 3 and the University fails to restore to the Executive such authority, functions, duties or responsibilities within thirty (30) calendar days after receiving notice thereof from the Executive; or (iii) the Executive’s employment is (A) terminated without cause within six (6) months of the effective date of a Change in Control (as defined in Section 10) or (B) there occurs a material reduction in the Executive’s authority, function, duties or responsibilities which causes the Executive’s resignation from the University within six (6) months of the effective date of a Change in Control of the University or Company (as defined in Section 10) (a “CIC Termination”). In the event of such a termination without Cause pursuant to any of subsections 8(a)(i)-(iii) above or any other termination of the Executive’s employment by the University for any reason other than Cause (as defined in Section 9(d) herein), the Executive shall be entitled to the payments and benefits set forth in Section 9(a).