Termination of Employee Status Sample Clauses

The 'Termination of Employee Status' clause defines the conditions and procedures under which an individual's employment with a company may be ended. This clause typically outlines the grounds for termination, such as resignation, dismissal for cause, or redundancy, and may specify notice periods, severance entitlements, and any post-termination obligations. Its core practical function is to provide clarity and structure to the process of ending employment, thereby reducing the risk of disputes and ensuring both parties understand their rights and responsibilities.
Termination of Employee Status. If Grantee ceases to be an employee of the Company:
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Termination of Employee Status. (a) An Employee who is absent from his/her employment because of illness or injury not arising out of his/her employment shall retain his/her status as an Employee for a period of six (6) months in addition to his/her accumulated sick leave. His/her status as an Employee may be extended for further periods at the discretion of the Employer upon written notice to the Union prior to the expiration of said six (6)-month period. Any extension of the time shall be for a stated period and any subsequent extension must be granted prior to the expiration of such stated period and may be made upon written notice to the Union. (b) Absence from employment for any reason for period in excess of three hundred sixty five (365) calendar days shall cause a termination of employment unless the Employer shall extend such period. (c) In the event two (2) or more absences from employment due to the same illness or injury are interrupted by a return to work, said period of absences shall be accumulated in computing the Employee’s absence from employment for which Employee status may be terminated pursuant to this Section.
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Termination of Employee Status. (a) Should the Grantee’s service as a employee of the Company terminate for any reason (other than Disability, Death or cause), this Option may be exercised (to the extent such Option was exercisable at the time of termination) for a period of 90 days from the date of such termination or until the Expiration Date, whichever period is shorter.
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Termination of Employee Status. The effect on your New Options of the termination of your status as an employee of Redback or one of our subsidiaries or affiliates will be set forth in your new option agreement. Generally, your options will expire following the termination of your employment, and you will have the opportunity to exercise the vested portion of your option within the time frame permitted by your stock option agreement, but in no event later than the expiration of the maximum term of your option (which, for your New Option, will be five (5) years). If your termination of employment is due to any reason other than death or your total and permanent disability, the time period in which you may exercise your options, to the extent that they were exercisable immediately before such termination, is generally a period of three (3) months from the date of termination. In the event that the termination of your employment is by reason of death, your options will generally become fully exercisable and your executors, ----------------- administrators, legatees or distributees of your estate, may exercise any option held by you at the date of your employment termination within the time frame permitted by your stock option agreement, which is generally a period of twelve (12) months after your death. In the event that the termination of your employment is by reason of your permanent or total disability, the vesting of your options will generally accelerate by a period of twelve (12) months and you may exercise any options held by you at the date of your employment termination, to the extent exercisable with the additional twelve (12) months vesting credit, within the time frame permitted by your stock option agreement, which is generally a period of six (6) months following such termination. Please note that if your Old Options were subject to any special acceleration provisions included in your old option agreement or in another agreement with Redback, your New Options will be subject to the same provisions, and will be set forth in your new option agreement. Generally, except as described above, if you cease to be an employee of Redback or one of our subsidiaries or affiliates, all unvested portions of your -------- New Options will be cancelled and you will lose all rights with respect to them. This applies even if your Old Option would have been fully vested. As a result, you may not have the opportunity to exercise as much of your New Options as you would have been able to exercise ...
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Termination of Employee Status. (a) An employee who is absent from employment because of illness or injury not arising out of employment shall retain status as an employee for a period of six (6) months or accumulated sick leave, whichever is greater. Status as an employee may be extended for further periods at the discretion of the Superintendent of Schools upon written notice to the Union prior to the expiration of said six (6) month period. Any extension of the time shall be for a stated period and any subsequent extension must be granted prior to the expiration of such stated period and may be made upon written notice to the Union. (b) Continuous absence from employment for any reason for a period in excess of six (6) months shall cause a termination of employment unless the Superintendent of Schools extends such period. (c) In the event two (2) or more continuous absences from employment due to the same illness or injury are interrupted by a return to work of less than ten (10) consecutive work days, said period of absence shall be accumulated in computing the employee’s absence from employment for which employee status may be terminated pursuant to this section. (d) Nothing in this section shall be construed to limit an employee’s rights under federal and/or Maine statute.
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Termination of Employee Status. (a) An employee who is absent from employment because of illness or injury not arising out of employment shall retain status as an employee for a period of six (6) months or accumulated sick leave, whichever is greater. Status as an employee may be extended for further periods at the discretion of the Superintendent of Schools upon written notice to the Union prior to the expiration of said six (6) month period. Any extension of the time shall be for a stated period and any subsequent extension must be granted prior to the expiration of such stated period and may be made upon written notice to the Union. (b) Continuous absence from employment for any reason for a period in excess of six
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Termination of Employee Status. (a) An employee who is absent from employment because of illness or injury not arising out of employment shall retain status as an employee for a period of six (6) months in addition to accumulated sick leave. Status as an employee may be extended for further periods at the discretion of the Superintendent of Schools upon written notice to the Union prior to the expiration of said six (6) month period. Any extension of the time shall be for a stated period and any subsequent extension must be granted prior to the expiration of such stated period and may be made upon written notice to the Union. (b) Absence from employment for any reason for a period in excess of three hundred sixty-five (365) calendar days shall cause a termination of employment unless the Superintendent of Schools extends such period. (c) In the event two (2) or more absences from employment due to the same illness or injury are interrupted by a return to work, said period of absence shall be accumulated in computing the employee’s absence from employment for which employee status may be terminated pursuant to this section.
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Termination of Employee Status a) Absence from employment for any reason for a period in excess of three hundred sixty-five (365) calendar days shall cause a termination of employment, unless the Employer shall extend such period. b) In the event of two (2) or more absences from employment, within a forty-two (42)-month period, due to the same illness or injury are interrupted by a return to work, said period of absences shall be accumulated in computing the Employee’s absence from employment for which Employee status may be terminated pursuant to this section.
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Termination of Employee Status 
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Related to Termination of Employee Status

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss employees of the Stores except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.