Common use of TERMINATION OF EMPLOYMENT AND EFFECTS OF SUCH TERMINATION Clause in Contracts

TERMINATION OF EMPLOYMENT AND EFFECTS OF SUCH TERMINATION. 3.1 Employee’s employment hereunder shall be terminated prior to the end of the Term: (i) upon the death of Employee, (ii) upon Employee’s Permanent Disability (as defined below), (iii) at any time by Employer upon written notice to Employee, (iv) by Employee without Good Reason (as defined below) upon ninety (90) days prior written notice to Employer (which notice period may be waived or shortened by Employer in its sole discretion without such action constituting Good Reason) or (v) by Employee for Good Reason upon written notice to Employer. Employee agrees and confirms that any termination of Employee’s employment pursuant to this Article 3 shall constitute, with no further action required, Employee’s resignation from any position that Employee holds as an employee, manager, agent or officer of, service provider to, or member of the board of directors of, Employer and any Employer Entity, each such resignation to be effective on the date of the termination of Employee’s employment hereunder.

Appears in 3 contracts

Sources: Employment Agreement (Alpha Metallurgical Resources, Inc.), Employment Agreement (Alpha Metallurgical Resources, Inc.), Employment Agreement (Alpha Metallurgical Resources, Inc.)

TERMINATION OF EMPLOYMENT AND EFFECTS OF SUCH TERMINATION. 3.1 Employee’s employment hereunder shall be terminated prior to the end of the Term: (i) upon the death of Employee, (ii) upon Employee’s Permanent Disability (as defined below), (iii) at any time by Employer upon written notice to Employee, (iv) by Employee without Good Reason (as defined below) upon ninety (90) 90 days prior written notice to Employer (which notice period may be waived or shortened by Employer in its sole discretion without such action constituting Good Reason) or (v) by Employee for Good Reason upon written notice to Employer. Employee agrees and confirms that any termination of Employee’s employment pursuant to this Article ‎Article 3 shall constitute, with no further action required, Employee’s resignation from any position that Employee holds on the Board of Directors and as an employee, manager, agent or officer of, service provider to, or member of the board of directors of, Employer and any Employer Entity, each such resignation to be effective on the date of the termination of Employee’s employment hereunder. 3.2 If Employee’s employment is terminated by reason of any of the following circumstances ‎(i), ‎(ii), or ‎(iii), Employee shall be entitled to receive only the benefits set forth in Section ‎3.3 below:

Appears in 1 contract

Sources: Employment Agreement (Contura Energy, Inc.)

TERMINATION OF EMPLOYMENT AND EFFECTS OF SUCH TERMINATION. 3.1 Employee’s employment hereunder shall be terminated prior to the end of the Term: (i) upon the death of Employee, (ii) upon Employee’s Permanent Disability (as defined below), (iii) at any time by Employer upon written notice to Employee, (iv) by Employee without Good Reason (as defined below) upon ninety (90) days prior written notice to Employer (which notice period may be waived or shortened by Employer in its sole discretion without such action constituting Good Reason) or (v) by Employee for Good Reason upon written notice to Employer. Employee agrees and confirms that any termination of Employee’s employment pursuant to this Article 3 shall constitute, with no further action required, Employee’s resignation from any position that Employee holds on the Board of Directors and as an employee, manager, agent or officer of, service provider to, or member of the board of directors of, Employer and any Employer Entity, each such resignation to be effective on the date of the termination of Employee’s employment hereunder. 3.2 If Employee’s employment is terminated by reason of any of the following circumstances (i), (ii), or (iii), Employee shall be entitled to receive only the benefits set forth in Section 3.3 below:

Appears in 1 contract

Sources: Employment Agreement (Alpha Metallurgical Resources, Inc.)

TERMINATION OF EMPLOYMENT AND EFFECTS OF SUCH TERMINATION. 3.1 Employee’s employment hereunder shall be terminated prior to the end of the Term: (i) upon the death of Employee, (ii) upon Employee’s Permanent Disability (as defined below), (iii) at any time by Employer upon written notice to Employee, (iv) by Employee without Good Reason (as defined below) upon ninety (90) 90 days prior written notice to Employer (which notice period may be waived or shortened by Employer in its sole discretion without such action constituting Good Reason) or (v) by Employee for Good Reason upon written notice to Employer. Employee agrees and confirms that any termination of Employee’s employment pursuant to this Article 3 shall constitute, with no further action required, Employee’s resignation from any position that Employee holds on the Board of Directors and as an employee, manager, agent or officer of, service provider to, or member of the board of directors of, Employer and any Employer Entity, each such resignation to be effective on the date of the termination of Employee’s employment hereunder. 3.2 If Employee’s employment is terminated by reason of any of the following circumstances (i), (ii), or (iii), Employee shall be entitled to receive only the benefits set forth in Section 3.3 below:

Appears in 1 contract

Sources: Employment Agreement (Contura Energy, Inc.)