Permitted Terminations Sample Clauses

Permitted Terminations. The Executive’s employment hereunder may be terminated during the Employment Period under the following circumstances:
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Permitted Terminations. The Executive’s employment is “at will” and may be terminated by either the Executive or the Company at any time and for any or no reason, subject to the following:
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Permitted Terminations. Employee’s employment hereunder may be terminated during the Employment Period under the following circumstances:
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Permitted Terminations. (x) This Agreement may be terminated by the Company prior to the Effective Date under the following circumstances: (i) the Executive’s death or Disability (as defined below), (ii) if an event that would constitute Cause, as defined below, had the Executive then been employed by the Company occurs, whether or not the Executive is then employed by the Company, or (iii) by the Company for any other reason. (y) The Executive’s employment hereunder may be terminated during the Employment Period under the following circumstances:
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Permitted Terminations. The USD International's Engagement hereunder may be terminated during the Engagement Period under the following circumstances:
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Permitted Terminations. The Executive’s employment will automatically terminate on the Retirement Date. Additionally, the Executive’s employment during the Employment Period may be terminated by the Company or the Executive immediately for any reason, with or without notice, including the following:
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Permitted Terminations. Agreements usually provide that in the case of a permitted termination, the Buyer will receive a refund of the deposit and the parties will each bear their own costs and expenses. In a portfolio transaction where there are so called partial permitted terminations, that is the Buyer may terminate with respect to certain Assets but cannot terminate the Agreement unless a certain threshold is reached, terminating as to an Asset may not be an adequate remedy. Should the due diligence reveal that certain of the properties of the type of nature, which Buyer is particularly seeking in the transaction, do not meet the criteria of the Buyer, the Buyer’s sole right may be to terminate the Agreement with respect to those particular properties. This will result in the Buyer purchasing a portfolio which does not meet the criteria the Buyer established in making the bid on the portfolio.‌ In As Is Agreements, the Buyer has little recourse to the Seller as the Seller has not made any representations. In the Full Representation Agreement, the Seller will have made certain representations and if those representations are untrue and those are the issues cause the Buyer to elect to terminate the Agreement with respect to the non- compliant properties the Buyer should have the right to additional damages, costs and expenses, or a right to terminate the entire transaction and receive the deposit plus the Actual Costs, as hereinafter defined.
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Related to Permitted Terminations

  • Qualifying Terminations Any of the following events resulting in a cessation of the Employee’s employment by the Company during the Covered Employment Term shall constitute a “Qualifying Termination”: (i) discharge by the Company without Cause (as hereinafter defined); or (ii) the Employee’s resignation with Good Reason.

  • Other Terminations If Executive’s service with the Company is terminated by the Company or by Executive for any or no reason other than as a Covered Termination, then Executive shall not be entitled to any benefits hereunder other than accrued but unpaid salary, bonus, vacation and expense reimbursement in accordance with applicable law and to elect any continued healthcare coverage as may be required under COBRA or similar state law.

  • Involuntary Termination in Connection with a Change in Control Notwithstanding anything contained herein, in the event of an Involuntary Termination prior to a Change in Control, if the Involuntary Termination (1) was at the request of a third party who has taken steps reasonably calculated to effect such Change in Control or (2) otherwise arose in connection with or in anticipation of such Change in Control, then the Executive shall, in lieu of the payments described in Section 4 hereof, be entitled to the Post-Change in Control Severance Payment and the additional benefits described in this Section 5 as if such Involuntary Termination had occurred within two (2) years following the Change in Control. The amounts specified in Section 5 that are to be paid under this Section 5(h) shall be reduced by any amount previously paid under Section 4. The amounts to be paid under this Section 5(h) shall be paid within sixty (60) days after the Change in Control Date of such Change in Control.

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