Common use of ▇▇▇▇▇▇ Leave Clause in Contracts

▇▇▇▇▇▇ Leave. ▇▇.▇. ▇▇ any time after notice to terminate the Employment is given by either party under clause 20 above, or if the Employee resigns without giving due notice and the Company does not accept his resignation, the Company may, at its absolute discretion, require the Employee to take a period of absence, called garden leave, for some or all of the remaining period of notice pursuant to clause 20, which for the avoidance of doubt could be for a maximum period of 12 months (pursuant to clause 20.1) (the “Garden Leave Period”). The provisions of this clause shall apply to any Garden Leave Period. During the Garden Leave Period, the Employee will be entitled to receive full remuneration (other than in respect of bonus and other incentive arrangements for which the discretion of the Compensation Committee will remain) in accordance with the terms of this Agreement, any unused holiday accrued at the commencement of the Garden Leave Period and any holiday accrued during any such period will be deemed to be taken by the Employee during the Garden Leave Period. At the end of the Garden Leave Period, the Company may, at its sole and absolute discretion, pay the Employee full remuneration (as defined above) in lieu of the balance of any period of notice given by the Company or the Employee (less any deductions the Company is required by law to make). 21.2. The Company may require that the Employee will not, without prior written consent of the Manager or as otherwise permitted pursuant to clause 16 above, be employed or otherwise engaged in the conduct of any activity, whether or not of a business nature, during the Garden Leave Period and further, if so requested by the Company, the Employee will not: (a) enter or attend the premises of the Company or any other Group Company; or (b) contact or have any communication with any customer or client of the Company or any other Group Company in relation to the business of the Company or any other Group Company (other than purely social contact); or (c) contact or have any communication with any employee, officer, director, agent or consultant of the Company or any other Group Company in relation to the business of the Company or any other Group Company (other than purely social contact); or (d) remain or become involved in any aspect of the business of the Company or any other Group Company except as required by such companies. Initials Employer: AM Initials Employee: PB 21.3. During the Garden Leave Period, the Company may require the Employee: ▇. ▇▇ comply with the provisions of clause 22; and ▇. ▇▇ immediately resign from any directorship, trusteeships or other offices which he holds in the Company, any other Group Company or any other company where such directorship or other office is held as a consequence or requirement of the Employment, unless he is required to perform duties to which any such directorship, trusteeship or other office relates in which case he may retain such directorships, trusteeship or other offices while those duties are ongoing. The Employee hereby irrevocably appoints the Company to be his attorney to execute any instrument and do anything in his name and on his behalf to effect his resignation if he fails to do so in accordance with this clause 21.3(b).

Appears in 1 contract

Sources: Employment Agreement (CRH Public LTD Co)

▇▇▇▇▇▇ Leave. ▇▇.▇. ▇▇ any time after notice to terminate the Employment is given by either party under clause 20 12 above, or if the Employee Executive resigns without giving due notice and the Company does not accept his resignation, if the Executive repudiates or purports to terminate this Agreement in breach of contract, or, if the Company so decides, at any time during this Agreement, the Company may, at its absolute discretion, by written notice require the Employee Executive not to perform any services (or to perform only specified and/or limited services) for the Company or to take a period of absence, (hereinafter called garden leave“Garden Leave”), for some or all of the remaining period of notice pursuant to clause 2012, which for the avoidance of doubt could be for a maximum period of 12 months (pursuant to clause 20.112.2) (the “Garden Leave Period”). The provisions of this clause shall apply to any Garden Leave Period. During the Garden Leave Period, the Employee Executive will be entitled to receive full remuneration (other than in respect of bonus and other incentive arrangements for which the discretion of the Board Compensation Committee will remain) in accordance with the terms of this Agreement, any unused holiday accrued at the commencement of the Garden Leave Period and any holiday accrued during any such period will be deemed to be taken by the Employee Executive during the Garden Leave Period. The Executive will remain an employee of the Company and bound by the terms of his Agreement during the Garden Leave Period. At the end of the Garden Leave Period, the Company may, at its sole and absolute discretion, pay the Employee full remuneration Executive basic salary (as defined aboveother than in respect of bonus and other incentive arrangements for which the discretion of the Board Compensation Committee will remain) in lieu of the balance of any period of notice given by the Company or the Employee Executive (less any deductions the Company is required by law to make)., 21.22. The Company may require that the Employee Executive will not, without prior written consent of the Manager Board or as otherwise permitted pursuant to clause 16 5 above, be employed or otherwise engaged in the conduct of any activity, whether or not of a business nature, during the Garden Leave Period and further, if so requested by the Company, the Employee Executive will not: (a) enter or attend the premises of the Company or any other Group Company; or (b) contact or have any communication or dealings with (or attempt to contact or have communications or dealings with) with any customer customer, client, supplier, agent distributor, or client other business contact of the Company or any other Group Company in relation to the business of the Company or any other Group Company (other than purely social contact); or (c) contact or have any communication or dealings with (or attempt to contact or have communications or dealings with) with any employee, officer, director, agent agent, consultant, shareholder, advisor or consultant other business contact of the Company or any other Group Company in relation to the business of the Company or any other Group Company (other than purely social contact); or (d) remain or become involved in any aspect of the business of the Company or any other Group Company except as required by such companies. Initials Employer: AM Initials Employee: PB. 21.33. During the Garden Leave Period, the Company may require the EmployeeExecutive: ▇. ▇▇ (a) to comply with the provisions of clause 2216; and ▇. ▇▇ (b) to immediately resign from any directorship, trusteeships or other offices which he holds in the Company, any other Group Company or any other company where such directorship or other office is held as a consequence or requirement of the Employment, unless he is required to perform duties to which any such directorship, trusteeship or other office relates in which case he may retain such directorships, trusteeship or other offices while those duties are ongoing. The Employee Executive hereby irrevocably appoints the Company to be his attorney to execute any instrument and do anything in his name and on his behalf to effect his resignation if he fails to do so in accordance with this clause 21.3(b13.3(b).

Appears in 1 contract

Sources: Group Chief Executive Service Agreement (CRH Public LTD Co)