Common use of Advance Notice Generally Required Clause in Contracts

Advance Notice Generally Required. (1) To terminate your employment before the end of the Scheduled Term, either you or the Company must provide a Termination Notice to the other. A “Termination Notice” is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause; provided, that the failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement. If you do not give a Termination Notice within 90 days after you have knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, you must give the Company 30 days to cure the first event constituting Good Reason. (2) You and the Company agree to provide at least 30 days’ advance Termination Notice of any termination, unless your employment is terminated by the Company for Cause or because of your Disability or death. If you die or become Disabled after you provide a valid Termination Notice with Good Reason or the Company provides Termination Notice without Cause, your termination will be treated as a termination with Good Reason or without Cause, effective as of the date of your Disability or death. Following receipt of such notice, the Company may, at its sole discretion, choose to either (1) waive that notice period (thereby immediately terminating your employment) or (2) place you on paid leave, at your then-current salary for any or all of the notice period.

Appears in 3 contracts

Samples: Employment Agreement (Eastman Kodak Co), Employment Agreement (Eastman Kodak Co), Employment Agreement (Eastman Kodak Co)

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Advance Notice Generally Required. (1) . To terminate your employment before the end of the Scheduled Termemployment, either you or the Company must provide a Termination Notice to the other. A “Termination Notice” is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause; provided, that the failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement. If you do not give a Termination Notice within 90 days after you have knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, you must give the Company 30 days to cure the first event constituting Good Reason. (2) . You and the Company agree to provide at least 30 days’ advance Termination Notice of any termination, unless your employment is terminated by the Company for Cause or because of your Disability or death. If you die or become Disabled after you provide a valid Termination Notice with Good Reason or the Company provides Termination Notice without Cause, your termination will be treated as a termination with Good Reason or without Cause, effective as of the date of your Disability or death. Following receipt of such notice, the Company may, at its sole discretion, choose to either (1) waive that notice period (thereby immediately terminating your employment) or (2) place you on paid leave, at your then-current salary for any or all of the notice period.

Appears in 3 contracts

Samples: Employment Agreement (Eastman Kodak Co), Employment Agreement (Eastman Kodak Co), Employment Agreement (Eastman Kodak Co)

Advance Notice Generally Required. (1) To terminate your employment before the end of the Scheduled TermEmployment Period, either you or the Company TWPG Inc. must provide a Termination Notice to the other. A “Termination Notice” is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause; provided, that the . The failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement. If you do not give a Termination Notice within 90 days after you have knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, you must give the Company 30 days to cure the first event constituting Good Reason. (2) You and the Company TWPG Inc. agree to provide at least 30 90 days’ advance Termination Notice of any terminationtermination prior to the end of the Employment Period or prior to any non-extension of the Employment Period in accordance with Section 2, unless your employment is terminated by the Company TWPG Inc. for Cause or because of your Disability or death. If Accordingly, the effective date of early termination of your employment will be 90 days after Termination Notice is given except that (A) the effective date will be the date of TWPG Inc.’s Termination Notice if your employment is terminated by TWPG Inc. for Cause, although TWPG Inc. may provide a later effective date in the Termination Notice, (B) the effective date will be 30 days after Termination Notice is given if your employment is terminated because of your Disability, and (C) the effective date will be the time of your death if your employment is terminated because of your death. TWPG Inc. may elect to place you on paid leave for all or part of the advance notice period. Notwithstanding this Section 8(e)(2), if you die or become Disabled during your employment but after you provide a valid Termination Notice with Good Reason or the Company TWPG Inc. provides Termination Notice without Cause, your termination will be treated as a termination with Good Reason or without CauseReason, effective as of the date of your Disability or death. Following receipt of such notice, the Company may, at its sole discretion, choose to either (1) waive that notice period (thereby immediately terminating your employment) or (2) place you on paid leave, at your then-current salary for any or all of the notice period.death or

Appears in 2 contracts

Samples: Ceo Employment Agreement (Thomas Weisel Partners Group, Inc.), Ceo Employment Agreement (Thomas Weisel Partners Group, Inc.)

Advance Notice Generally Required. (1) To terminate your employment before the end of the Scheduled Termyour Compensation Period, either you or the Company must provide a Termination Notice to the other. A “Termination Notice” is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause; provided, that the . (The failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement. If you do not give a Termination Notice within 90 days after you have knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, you must give the Company 30 days to cure the first event constituting Good Reason.) (2) You and the Company agree to provide at least 30 90 days’ advance Termination Notice of any early termination, unless your employment is terminated by the Company for Cause or because of your Disability or death. If you die or become Disabled Accordingly, the effective date of early termination of your employment will be 90 days after you provide a valid Termination Notice with Good Reason or is given except that (A) the Company provides Termination Notice without Cause, your termination effective date will be treated as a termination with Good Reason or without Cause, effective as of the date of the Company’s Termination Notice if your Disability or employment is terminated by the Company for Cause, although the Company may provide a later effective date in the Termination Notice, (B) the effective date will be 30 days after Termination Notice is given if your employment is terminated because of your Disability, and (C) the effective date will be the time of your death if your employment is terminated because of your death. Following receipt of such notice, the The Company may, at its sole discretion, choose may elect to either (1) waive that notice period (thereby immediately terminating your employment) or (2) place you on paid leave, at your then-current salary leave for any all or all part of the advance notice period.

Appears in 2 contracts

Samples: Employment Agreement (Computer Associates International Inc), Employment Agreement (Ca, Inc.)

Advance Notice Generally Required. (1) . To terminate your employment before the end of the Scheduled Term, either you or the Company must provide a Termination Notice to the other. A “Termination Notice” is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause; provided, that the failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement. If you do not give a Termination Notice within 90 days after you have knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, you must give the Company 30 days to cure the first event constituting Good Reason. (2) . You and the Company agree to provide at least 30 days’ advance Termination Notice of any termination, unless your employment is terminated by the Company for Cause or because of your Disability or death. If you die or become Disabled after you provide a valid Termination Notice with Good Reason or the Company provides Termination Notice without Cause, your termination will be treated as a termination with Good Reason or without Cause, effective as of the date of your Disability or death. 3. Following receipt of such notice, the Company may, at its sole discretion, choose to either (1) waive that notice period (thereby immediately terminating your employment) or (2) place you on paid leave, at your then-current salary for any or all of the notice period.

Appears in 2 contracts

Samples: Employment Agreement (Eastman Kodak Co), Employment Agreement (Eastman Kodak Co)

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Advance Notice Generally Required. (1) To terminate your employment before the end of the Scheduled Termemployment, either you or the Company must provide a Termination Notice to the other. A “Termination Notice” is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause; provided, that the . (The failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement. If you do not give a Termination Notice within 90 days after you have knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, you must give the Company 30 days to cure the first event constituting Good Reason.) (2) You and the Company agree to provide at least 30 days’ advance Termination Notice of any termination, unless your employment is terminated by the Company for Cause or because of your Disability or death. If you die or become Disabled Accordingly, the effective date of termination of your employment will be 30 days after you provide a valid Termination Notice with Good Reason or is given, except that (A) the Company provides Termination Notice without Cause, your termination effective date will be treated as a termination with Good Reason or without Cause, effective as of the date of the Company’s Termination Notice if your Disability or employment is terminated by the Company for Cause, although the Company may provide a later effective date in the Termination Notice, (B) the effective date will be 30 days after Termination Notice is given if your employment is terminated because of your Disability, and (C) the effective date will be the time of your death if your employment is terminated because of your death. Following receipt of such notice, the The Company may, at its sole discretion, choose may elect to either (1) waive that notice period (thereby immediately terminating your employment) or (2) place you on paid leave, at your then-current salary leave for any all or all part of the advance notice period. Notwithstanding the foregoing, if you give the Company Termination Notice, the Company in its sole discretion may waive the 30-day notice requirement and accelerate the effective date of termination of your employment to any earlier date.

Appears in 1 contract

Samples: Employment Agreement (Computer Associates International Inc)

Advance Notice Generally Required. (1) To terminate your employment before the end of the your Scheduled Term, either you or the Company must provide a Termination Notice to the other. A "Termination Notice" is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good Reason and a reasonably detailed description of the facts that permit termination under that clause; provided, that the failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not preclude either party from asserting that fact in enforcing its rights under this Agreement. If you do not give a Termination Notice within 90 days after you have knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, you must give the Company 30 days to cure the first event constituting Good Reason. (2) You and the Company agree to provide at least 30 90 days' advance Termination Notice of any termination, unless your employment is terminated by the Company for Cause or because of your Disability or death. If you die or become Disabled after you provide a valid Termination Notice with Good Reason or the Company provides a Termination Notice without Cause, your termination will be treated as a termination with Good Reason or without Cause, as applicable, effective as of the date of your Disability death or deathDisability. Following receipt of such notice, the Company may, at its sole discretion, choose to either (1) waive that notice period (thereby immediately terminating your employment) or (2) place you on paid leave, at your then-current salary (but with no eligibility for a discretionary bonus), for any or all of the notice period. You also agree that if you provide such notice prior to the first day of the 12th month following the closing of the merger contemplated by the Acquisition Agreement, the Company may, at its sole discretion, place you on paid leave (with no eligibility for a discretionary bonus) through the last day of the 14th month following the closing of the merger contemplated by the Acquisition Agreement.

Appears in 1 contract

Samples: Employment Agreement (Stifel Financial Corp)

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