At-Will Relationship; Accrued Obligations Sample Clauses

At-Will Relationship; Accrued Obligations. Your relationship with the Company is “at will,” meaning you or the Company may terminate it at any time for any or no reason. In the event of your separation from the Company for any reason, the Company shall pay you (i) your base retainer through the date of your separation and (ii) the amount of any documented expenses properly incurred by you on behalf of the Company prior to any such termination and not yet reimbursed.
Sample 1
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At-Will Relationship; Accrued Obligations. Your service as Executive Chairman is “at will,” meaning you or the Board may end your services in that role at any time for any or no reason. In the event that your services in the Executive Chairman role end for any reason, in addition to any bonus you may be eligible to receive pursuant to Paragraph 2(b), you will be entitled to receive from the Company (i) your Base Salary through your last day of employment, (ii) if not yet paid at the date of termination and your termination is not for Cause, the annual bonus for any completed calendar year based on actual performance, (iii) reimbursement of business expenses properly incurred by you on behalf of the Company that have not been reimbursed and (iv) any rights or benefits to which you are entitled as a former employee of the Company. The effect of a termination of your services on your Performance Units is set forth in Appendix A. For clarity and avoidance of doubt, the end of your services as Executive Chairman, standing alone, shall have no effect on your continued service after that date as a member of the Board in a non-employee capacity.
Sample 1

Related to At-Will Relationship; Accrued Obligations

  • Definition of Accrued Obligations For purposes of this Agreement, “Accrued Obligations” means: (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment with Company and has not yet been paid; and (ii) the amount of any expenses properly incurred by Executive on behalf of Company prior to any such termination and not yet reimbursed. Executive’s entitlement to any other compensation or benefit under any plan of Company shall be governed by and determined in accordance with the terms of such plans, except as otherwise specified in this Agreement.

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

  • Accrued Obligations Expiration or termination of this Agreement for any reason shall not release either Party from any obligation or liability which, at the time of such expiration or termination, has already accrued to the other Party or which is attributable to a period prior to such expiration or termination.

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

  • 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:

  • At-Will Employment; Termination The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • At-Will Employment Relationship Executive’s employment with the Company is at-will and not for any specified period and may be terminated at any time, with or without Cause or advance notice, by either Executive or the Company. Any change to the at-will employment relationship must be by specific, written agreement signed by Executive and an authorized representative of the Company. Nothing in this Agreement is intended to or should be construed to contradict, modify or alter this at-will relationship.

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Company Obligations Upon Termination of Employment During the Term of this Agreement, the Company shall have the following obligations upon the termination of the Executive’s employment with the Company as described in this Section 5:

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