Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to Xxxxxx, to terminate the employment of Xxxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxxx for twenty-four (24) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Xxxxxx.
Removal Without Cause. The Manager may be removed for any reason (or for no reason) upon the affirmative vote of a Majority-in-Interest of each Class of the Members.
Removal Without Cause. If Participant is terminated as an employee by the Company without cause, all Restricted Stock shall become vested as of the date of the Participant's termination.
Removal Without Cause. If at any time less than the entire Board of Directors is to be removed, no Director may be removed from office without cause if the votes cast against his removal would be sufficient to elect him as a Director if then cumulatively voted at an election of the entire Board of Directors.
Removal Without Cause. In the event that (a) Xx. Xxxxxxx is removed from the Board without cause, or (b) the Company's shareholders fail to elect Xx. Xxxxxxx to the Board at any Annual General Meeting occurring during the Term of this Agreement, then this Agreement shall immediately terminate, and Xx. Xxxxxxx shall have no further obligations of any kind under or arising out of this Agreement; provided, however, that the provisions of Section 6 below shall continue to remain in full force and effect. The Company shall be obligated to pay Xx. Xxxxxxx the following:
Removal Without Cause. The Interim President serves in the administrative assignment at the pleasure of the Board and may be removed from such assignment by the Chancellor, without cause or any reason after thirty (30) days’ advance written notice, or as otherwise agreed to by both parties. The Interim President shall have no right of appeal or any other rights except as set forth herein or otherwise required by law. In consideration for the exercise of this right, the District shall pay to the Interim President the sum of $1. The parties agree that the payments made pursuant to this termination without cause provision, along with the District's agreement to allow the Interim President to retreat to a year one faculty position as constitutes reasonable liquidated damages for the Interim President, fully compensates the Interim President for all tort, contract, and other damages of any nature whatsoever, whether in law or equity, and does not result in a penalty. The parties agree that this provision meets the requirements governing maximum cash settlements as set forth in Government Code section 53260 et seq.
Removal Without Cause. The President, Cerro Coso College, serves in the administrative assignment at the pleasure of the Board and may be removed from such assignment by the Chancellor, without cause or any reason after thirty (30) days advance written notice, or as otherwise agreed to by both parties. The President shall have no right of appeal or any other rights except as set forth and herein or otherwise required by law. In consideration for the exercise of this right, the District shall pay to the President the sum of $1. The parties agree that the payments made pursuant to this termination without cause provision, along with the District's agreement to allow the President to retreat to a faculty position, constitutes reasonable liquidated damages for the President, fully compensates the President for all tort, contract, and other damages of any nature whatsoever, whether in law or equity, and does not result in a penalty. The parties agree that this provision meets the requirements governing maximum cash settlements as set forth in Government Code sections 53260 et seq.
Removal Without Cause. Notwithstanding the provisions of Section 3.3 or any other Section hereof to the contrary, any director may be removed without Cause as follows: (i) the party which nominated the director who is to be removed without Cause (and only such party may seek such removal without Cause) shall send written notice to each other party hereto (other than the ESOT and Holdings) of its desire to remove such director; (ii) all such parties shall then use their best efforts and take all actions necessary to cause Holdings to call a special meeting of stockholders at the earliest practicable date for the purpose of removing such director and electing a director to fill the vacancy created by such removal; and (iii) at such special meeting of stockholders the parties hereto (other than Holdings and the ESOT) shall vote all of the securities of Holdings owned by them and entitled to vote at such meeting and upon such matter (A) in favor of removal of the director specified on the notice delivered pursuant to such clause (i) of this Section 3.2 and (B) in favor of the nominee of the party which originally nominated the director being removed without Cause.
Removal Without Cause. Access shall have the right at any time and for any reason to terminate the employment of Employee hereunder. If such termination by Access is not by reason of disability pursuant to Paragraph (b) of this Section 9 or for cause pursuant to Paragraph (c) of this Section 9, Employee's Base Salary and other benefits hereunder at the time of such termination shall continue until the later of (i) the date which is two years after the date of this Agreement or (ii) the end of the month in which such termination occurs.
Removal Without Cause. In the event that (a) Xx. Xxxxxxx is removed from the Board without cause, or (b) Everest Re’s shareholders fail to elect Xx. Xxxxxxx to the Board at any Annual General Meeting occurring during the Term of this Agreement, then this Agreement shall immediately terminate, and Xx. Xxxxxxx shall have no further obligations of any kind under or arising out of this Agreement; provided, however, that the provisions of Section 6 below shall continue to remain in full force and effect. In such event, the Company shall be obligated to pay Xx. Xxxxxxx the following:
