Termination of Employment and this Agreement Clause Samples
The 'Termination of Employment and this Agreement' clause defines the conditions and procedures under which either party may end the employment relationship and the associated agreement. Typically, it outlines the required notice periods, grounds for termination (such as cause, mutual agreement, or expiration of a fixed term), and any obligations that survive termination, like confidentiality or return of company property. This clause ensures both parties understand their rights and responsibilities upon ending the employment, thereby reducing disputes and providing a clear exit process.
Termination of Employment and this Agreement. For purposes of this Agreement, any reference to the Executive’s “termination of employment” (or any form thereof) shall mean the Executive’s “separation from service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and Treasury Regulation §1.409A-1(h).
Termination of Employment and this Agreement. A. If District terminates this Agreement (thereby terminating Manager’s employment), by action of the affirmative votes of a majority of the members of the Board of Directors, Manager shall not be entitled to any additional compensation or payment but shall be entitled only to accrued Base Salary.
B. If, during the Term or any extended Term, Manager dies, Manager’s estate shall receive Accrued Salary, but shall not be entitled to any additional compensation or payment.
C. In the event Manager is permanently disabled or is otherwise unable to perform his duties because of sickness, accident, injury, or mental incapacity for a period of three consecutive months, the District may terminate Manager’s employment and this Agreement consistent with state law.
D. Manager may resign from their employment at any time, upon giving thirty (30) days written notice to the Board of Directors.
Termination of Employment and this Agreement. (a) If Mr. ▇▇▇▇▇▇▇'▇ ▇▇▇loyment is terminated by the Company for cause (as hereinafter defined) or if Mr. ▇▇▇▇▇▇▇ ▇▇▇untarily leaves the employment of the Company prior to the Expiration Date, the Company will pay Mr. ▇▇▇▇▇▇▇ ▇▇▇ equivalent of three (3) months' salary at the base salary, and three (3) months continuation of fringe benefits then being received by Mr. ▇▇▇▇▇▇▇. ▇▇r purposes of this Agreement, termination "for
Termination of Employment and this Agreement. (a) If Mr. ▇▇▇▇▇▇▇'▇ ▇▇▇loyment is terminated by the Company for cause (as hereinafter defined) or if Mr. ▇▇▇▇▇▇▇ ▇▇▇untarily leaves the employment of the Company prior to the Expiration Date, the Company will pay Mr. ▇▇▇▇▇▇▇ ▇▇▇ equivalent of three (3) months' salary at the base salary, and three (3) months continuation of fringe benefits then being received by Mr. ▇▇▇▇▇▇▇. ▇▇r purposes of this Agreement, termination "for cause" means termination of Mr. ▇▇▇▇▇▇▇'▇ ▇▇▇loyment by action of a majority of the members of the Board of Directors who are not employees of CytRx or any subsidiary, because of:
(1) material breach of contract,
(2) failure or inability to carry out reasonable directives of the Board of Directors,
(3) conviction of Mr. ▇▇▇▇▇▇▇ ▇▇▇ a felony, even if such conviction is subject to appeal,
(4) uncontroverted evidence of falsification of records or statements of the Company,
(5) uncontroverted evidence of intentional misuse of Company funds or property, or
(6) other substantial misconduct which, in the reasonable judgment of the Board, results in material adverse effect, discredit or disrepute to the Company. A termination of employment for any cause listed in clauses (1), (2) or (6) above shall be effective only if Mr. ▇▇▇▇▇▇▇ ▇▇▇ first been given notice by the Board of Directors of the alleged breach, failure to perform or misconduct and such breach, failure to perform or misconduct continues for fifteen days following the date of such notice.
(b) If this Agreement expires on the Expiration Date, or if the sooner termination of Mr. ▇▇▇▇▇▇▇'▇ ▇▇▇loyment and this Agreement is not for cause, not because of Mr. ▇▇▇▇▇▇▇'▇ ▇▇▇th or disability and not because of his voluntary termination of employment, then the Company will continue to make semi-monthly base salary payments for a period of one year after the Expiration Date or the earlier effective date of termination; provided, however, that (1) in the case of the expiration of this Agreement on the Expiration Date, the one-year salary continuation period shall be reduced by the period of time before the Expiration Date that the Board of Directors gives Mr. ▇▇▇▇▇▇▇ ▇▇▇tten notice that it intends to allow the Agreement to expire, or not to pay the full salary continuation obligation if negotiations to renew the Agreement are unsuccessful, and (2) in all cases, Mr. ▇▇▇▇▇▇▇'▇ ▇▇▇hts to receive salary continuation payments are contingent upon his using his best efforts to find a new job commensurate...
Termination of Employment and this Agreement. 7.1 Either party may terminate a casual period of engagement by giving 1 hour’s verbal or written notice (or, in the case of the Club, 1 hour’s payment in lieu of notice), provided that you shall not be paid for less than 2 hours for any shift which is terminated by the Club.
7.2 Either party may terminate this Agreement at any time, provided that where the termination is effected during a casual engagement period, at least 1 hour’s notice (or, in the case of the Club, payment in lieu) is given in accordance with clause 7.1.
7.3 Notwithstanding any other provisions of this Agreement, in cases of serious misconduct the Club may dismiss you without giving notice or making payment in lieu of notice.
Termination of Employment and this Agreement. (a) Executive's employment hereunder shall cease and terminate upon the earliest of the events specified below:
(i) The death of Executive.
(ii) Termination of Executive's employment for Cause, limited to (A) a finding by the Board of Directors of the Company that the Executive has willfully and materially failed, refused or neglected to perform and discharge his duties and responsibilities hereunder for at least 10 business days after written notice from the Company setting forth the actions or omissions, as the case may be, which constitute such failure, refusal or neglect, (B) a violation of any of the covenants set forth in Sections 9 through 14 hereof, (C) a material breach of Executive's fiduciary duties to the Company or any subsidiary or affiliate which results in a material detriment to the Company, (D) repeated material gross misconduct by Executive, (E) commission by Executive of an intentional tort against the business and operations of the Company or any member of the same controlled group of corporations (the "A & A Group") which results in a material detriment to the Company or any member of the A & A Group or (F) Executive's commission of an act constituting a criminal act which the Board of Directors of the Company determines in good faith will have a material adverse impact on the business or reputation of the Company or any member of the A & A Group if Executive remains in the Company's employ.
(iii) Termination of Executive's employment by the Company other than for Cause pursuant to 90 days' written notice to Executive.
(iv) Termination of Executive's employment by Executive for Good Reason, limited to a termination occurring (A) within 90 days following a reduction in Executive's base salary payable under Section 3, (B) within 90 days following a material breach of this Agreement by the Company, or (C) within 90 days following the relocation of Executive's principal place of employment to any location other than a principal city in North America, the United Kingdom, Australia or Western Europe; provided, however, that Executive shall give the Company at least 30 days prior written notice of his intention to terminate his employment under this subsection 8(a)(iv).
(v) Termination of Executive's employment by Executive within 36 months following a Change of Control (as defined in the SERP, as in effect on the date hereof and expressly incorporated herein by reference) which is a termination for Good Reason under the A&A Services Senior ...
Termination of Employment and this Agreement