Termination of the Term of Employment Clause Samples

The 'Termination of the Term of Employment' clause defines the conditions and procedures under which an employee's period of employment with an employer may be ended. This clause typically outlines the grounds for termination, such as resignation, dismissal for cause, or mutual agreement, and may specify notice periods or severance requirements. Its core function is to provide a clear framework for ending the employment relationship, ensuring both parties understand their rights and obligations, and reducing the risk of disputes.
Termination of the Term of Employment. 14.1 In any of the following cases, but without prejudice to clause 2.1, the Company may terminate the Term of Employment by written notice taking effect immediately on the date of its service on the Executive in which case the Executive shall not be entitled to any further payment from the Company hereunder except such sums as shall then have accrued or become due: (a) If the Executive engages in conduct that constitutes wilful gross neglect or wilful gross misconduct in carrying out his duties under this Agreement, resulting, in either case, in material economic harm to the Company. (b) If the Executive is convicted and is guilty of a criminal offence and sentenced (except in a case not involving dishonesty) to a term of imprisonment. (c) If the Executive be adjudicated bankrupt. (d) If WPP Group USA Inc terminates the US Employment Agreement pursuant to clause 15.1 thereof. 14.2 The Company may terminate the Term of Employment by reason of the Executive’s illness or disability in any of the following cases by giving written notice to the Executive such notice being effective immediately without any further payment being made hereunder other than such sums as may have accrued or become due. (a) the Executive is substantially unable properly to perform the duties required under this Agreement by reason of illness or physical or mental incapacity or disability (irrespective of the cause or causes) for a period of 180 consecutive working days or for a period or periods aggregating at least 261 working days in any period of 18 months. (b) the Executive is permanently prevented as a result of any deterioration of his health from providing the services to the Company which he is required to provide under this Agreement and in particular to act as Group Managing Director and Chief Executive of the Group. Whether or not the Executive is 040607 UK Service Agreement (v11-0 0042219467) permanently incapacitated shall be determined by a medical doctor selected by the parties hereto, and in default of agreement by such medical doctor appointed by the President of the British Medical Association. (c) An Order is made by any competent Court under the Mental Health ▇▇▇ ▇▇▇▇ for the Director’s detention or for the appointment of a receiver, curator bonis or other person to exercise powers with regard to his property or affairs. (a) If the Term of Employment under the US Employment Agreement terminates for any reason whatsoever apart from in the circumstances provided for...
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Termination of the Term of Employment. (a) Termination for Cause or Without Good Reason. -------------------------------------------- (i) The Company shall have the right to terminate the Term of Employment for Cause (as defined in Section 5(a)(ii) hereof) prior to December 31, 1999, and Executive shall have the right to terminate the Term of Employment without Good Reason (as defined in Section 5(b)(ii) hereof) prior to December 31, 1999. If the Term of Employment is so terminated, Executive shall be entitled to receive payment of the pro rata portion of the Base Salary through and including the date of such termination and payment when due of the non- competition consideration (the "Non-Competition Payments") during the non- competition period set forth in the Non-Competition Agreement, dated as of December 20, 1996, by and between Executive and the Company (the "NonCompetition Agreement") unless Executive is in breach of the Non-Competition Agreement. Executive shall not be eligible to receive Base Salary or to participate in any of the Plans or to receive any of the Fringe Benefits with respect to any periods after the date of such termination, except for the right to receive vested or statutorily available benefits under any of the Plans in which Executive participates in accordance with the terms of such Plans.
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Termination of the Term of Employment. The Term of Employment under this Agreement shall terminate under any of the following conditions: (A) at the option of the Company (i) for cause, which shall be defined as: (a) Greenfield's willful failure to comply with any of the material terms of this Agreement, including, without limitation, Greenfield's violation of any covenants in Paragraph 2.2, 3, 5.1, 6 and 8, unless such failure shall be remedied within 30 days after receiving notice of it from the Company; (b) Greenfield's willful engagement, in his capacity as an employee of the Company, in gross misconduct injurious to the Company, and (c) Greenfield's failure to carry out duties as agreed with the Company under Paragraph 2.1 hereof; and (d) pursuant to Paragraph 6.4 hereof. It is expressly understood and agreed by the Company that expression by Greenfield, whether public or private, of his opinion as a private individual concerning public issues, including endorsements of candidates or causes, and participation in political, social, and environmental organizations or events, shall not be cause for termination. (B) upon the death of Greenfield. (C) at the option of Greenfield upon not less than 60 days prior notice to the Company given not earlier than July 30, 1998. 9.2 In the event of termination of the Term of Employment at the option of the Company for cause as defined in Paragraph 9, Greenfield shall continue to be subject to his obligatio▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇phs 2.2, 3, 5, 6, 7, 8, and 11 hereof. The Company shall also be entitled, as a remedy awarded under Paragraph 13.2, to terminate its obligation to make payments and to provide benefits under Paragraph 6.1 or under 11.1, 11.3, and 11.4 as the case may be, in the event of a material breach, not remedied within 30 days after notice by Company, of the provisions of Paragraph 2.2, 3, 5.1, 6.1, or 11.2. 9.3 In the event of termination of the Term of Employment at the option of Greenfield under subparagraph 9.1(C) above, all the provisions of this Agreement (including those requiring the Company to make certain payments and to provide benefits to Greenfield) applicable to the period after the end of the Term of Employment, including Paragraphs 2.2, 3, 5, 6, 7, 8, and 11, shall remain in effect.
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Related to Termination of the Term of Employment

  • Employment Termination 12.1 Subject to the terms and conditions of the National Building and Construction Industry Award 2000, it is agreed that it is the company’s prerogative to determine the order of selection of employees for employment or retrenchment subject always to the following: a) All relevant legislation governing unfair dismissal, discrimination, etc. will be observed; b) Voluntary terminations will be encouraged as a first step; c) The seniority of employees – within classifications, experience or skills held – will be considered by the company in selecting employees for retrenchment; d) The Grievance Procedures set out in Clause 9 of this Agreement will apply in the event of any concerns arising regarding retrenchments.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Expiration of Employment Term (i) In the event Executive elects not to extend the Employment Term pursuant to Section 1 and Executive’s employment has not been earlier terminated pursuant to Sections 7(a), (b), (c), or (e), the Employment Term shall expire and Executive’s employment hereunder shall terminate as of the end of the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the Accrued Rights. Except as set forth in this Section 7(d)(i) and for any rights to indemnification and claims for liability insurance coverage under officer and director policies, Executive shall have no further rights to any compensation or any other benefits under this Agreement. (ii) In the event the Company elects not to extend the Employment Term pursuant to Section 1 and Executive’s employment has not been earlier terminated pursuant to Sections 7(a), (b), (c), or (e), the Employment Term shall expire and Executive’s employment hereunder shall terminate as of the end of the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the payments and benefits applicable to a termination of Executive’s employment without Cause pursuant to Section 7(c) or Section 7(e), as applicable. Except as set forth in this Section 7(d)(ii) and for any rights to indemnification and claims for liability insurance coverage under officer and director policies, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Termination of Employment Period The Agreement Term shall terminate upon the occurrence of any of the following:

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows: