By Company Without Good Cause Sample Clauses

By Company Without Good Cause. The Company may also terminate Executive's employment at any time by written notice without Good Cause, whereupon all rights, obligations and duties of the parties hereunder shall immediately cease, except that the Company shall fulfill its obligations to Executive under Section 8 hereof, and except for Executive's obligations under Section 11 hereof.
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By Company Without Good Cause. During the Term of this Agreement, upon ten (10) days prior written notice, the Company may terminate this Agreement and the Employment Period without Good Cause, and the Employee shall be entitled to receive (a) the Base Salary earned through the date of such termination and Base Salary for the remainder of the Term of this Agreement, in regular installments in accordance with the Company’s general payroll practices, subject to customary withholding for applicable taxes, and (b) any Cash Incentive Compensation Payment meeting the EBITDA requirements set forth in Section 4.5 and payable at the times any such Cash Incentive Compensation Payment would have otherwise been payable had the Employee remained employed by the Company. With respect to any medical benefits, the Employee must make proper COBRA elections and give timely notice to the Company of such elections. If such elections are properly made and notices are timely given to the Company, the Employee shall pay for his COBRA payments and shall be reimbursed by the Company for a period equal to the lesser of: (a) eighteen (18) months, or (b) the remainder of the Term of this Agreement. The Employee agrees that no other monies or benefits shall be payable or owed to the Employee under this Agreement for termination without Good Cause.
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By Company Without Good Cause. In the event the Company does not renew this Agreement and extend the Employment Period at the expiration of the initial three (3) year period or the Company terminates this Agreement and the Employment Period at any time without Good Cause upon ten (10) days prior written notice to Executive of such termination, and Executive shall be entitled to receive: (i) any Base Salary earned and fringe benefits described in Section 4.5 hereof accrued and unpaid through the date of such termination; (ii) an amount equal to the sum of: (1) one times the Base Salary in effect as of the date of such termination; and (2) one times the targeted Merit Bonus of forty percent (40%) of Base Salary; provided, however, that Executive shall not receive any such amount related to the Merit Bonus unless the Board determines in good faith that Executive would have been entitled to a Merit Bonus for the fiscal year in which such termination occurred in accordance with the evaluation criteria described in Section 4.2 hereof; and (iii) medical and dental insurance coverage for Executive and his family for a period of twelve months (collectively, payments under clauses (ii) and (iii) of this Section 6.3 constitute the "Severance Payment"). The Severance Payment shall be payable in regular installments commencing from the date of such termination in accordance with the Company's general payroll practices and subject to customary withholdings or taxes. 6.4
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By Company Without Good Cause. Upon ten (10) days prior written notice, Company may terminate this Agreement and the Employment Period without Good Cause, and Executive shall be entitled to receive: (i) any Base Salary earned through the date of such termination; and (ii) an amount equal to the sum of: (1) one times the Base Salary in effect as of the date of such termination; and (2) one times the targeted Merit Bonus of fifty percent (50%) of Base Salary; provided, however, that Executive shall not receive any such amount related to the Merit Bonus unless the Board determines in good faith that Executive would have been entitled to a Merit Bonus for the fiscal year in which such termination occurred in accordance with the evaluation criteria described in Section 4.3 hereof (collectively, payments under clauses (i) and (ii) of this Section 6.3 constitute the "Severance Payment"). The Severance Payment shall be payable in regular installments commencing from the date of such termination in accordance with the Company's general payroll practices and subject to customary withholdings or taxes.
Sample 1
By Company Without Good Cause. Upon ten (10) days prior written notice, Company may terminate this Agreement and the Employment Period without Good Cause, and Executive shall be entitled to receive his Base Salary and Per Diem Compensation through the date of such termination plus an amount equal to one times the Base Salary in effect at the time of the date of such termination (the "Severance Payment") and the benefits described in Section 4 of this Agreement. The Severance Payment shall be payable in regular installments commencing from the date of such termination in accordance with the Company's general payroll practices and subject to customary withholdings or taxes.
Sample 1

Related to By Company Without Good Cause

  • By Company Without Cause Subject to the last paragraph of this Section 5(a), the Company may terminate Executive’s employment without Cause (as defined below) effective on thirty (30) days’ written notice (such thirty (30)-day period, the “Notice Period”, and such notice, the “Termination Notice”), during which notice period Executive may be relieved of his/her duties and placed on paid terminal leave. In such event and subject to the other provisions of this Agreement, Executive will be entitled to:

  • Termination Without Good Cause If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply:

  • By Company With Cause The Company may terminate Executive’s employment at any time and without prior notice, written or otherwise, for Cause. As used in this Agreement, “Cause” shall mean any of the following conduct by Executive: (i) material breach of this Agreement, or of a Company policy or of a law, rule or regulation applicable to the Company or its operations; (ii) demonstrated and material neglect of duties, or failure or refusal to perform the material duties of his/her position, or the failure to follow the reasonable and lawful instructions of the Company; (iii) gross misconduct or dishonesty, self-dealing, fraud or similar conduct that the Company reasonably determines has caused, is causing or reasonably is likely to cause harm to the Company; or (iv) conviction of or plea of guilty or nolo contendere to any crime other than a traffic offense that is not punishable by a sentence of incarceration. Termination pursuant to Section 5(b)(ii) shall be effective only if such failure continues after Executive has been given written notice thereof and fifteen (15) business days thereafter in which to present his/her position to the Company or to cure the same, unless the Company reasonably determines that the reason(s) for termination are not capable of being cured. In the event of termination for Cause, Executive will be entitled only to the Accrued Benefits through the termination date, which will be the date on which the notice is given. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the year in which such termination date occurs), or severance payment of any kind nor to make any payment in lieu of notice.

  • By the Company Without Cause The Company may terminate Executive’s employment at any time without Cause.

  • Termination by Company Without Cause The Company may terminate Employee’s employment without Cause upon thirty (30) days written notice to Employee. If Employee’s employment with the Company is terminated by the Company without Cause, and Employee signs and does not revoke a Release, then Employee shall be entitled to the following:

  • By Executive without Good Reason The Executive may resign and terminate the Executive’s employment with the Company without Good Reason at any time “at will” upon written notice of termination to the Company.

  • Termination Without Good Reason Executive shall have the right to terminate the Period of Employment and Executive’s employment hereunder at any time without Good Reason (as defined below) upon thirty (30) days prior written notice of such termination to the Company. Any such termination by the Executive without Good Reason shall be treated for all purposes of this Agreement as a termination by the Company for Cause and the provisions of Section 7(a) shall apply.

  • Resignation from the Company without Good Reason Executive may resign Executive’s employment with the Company for any reason other than Good Reason or for no reason.

  • Termination by Company without Cause or by Executive for Good Reason If Executive's employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Without Good Reason Upon thirty (30) days’ prior written notice by the Employee to the Company of the Employee’s voluntary termination of employment without Good Reason (which the Company may, in its sole discretion, make effective earlier than any notice date).

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