Default by Employee Sample Clauses

Default by Employee. If the Employee shall:
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Default by Employee. EMPLOYEE acknowledges that his loyal, ------------------- faithful and effective performance of the employment provided for herein, is of vital importance to the success of the COMPANY, and that EMPLOYEE'S commitment to perform for the entire term of this Agreement is an essential inducement to and condition of COMPANY'S employment of EMPLOYEE, and that premature termination, abandonment or failure of performance by EMPLOYEE would in all probability result in substantial damages to the COMPANY, and that EMPLOYEE possesses peculiar knowledge and expertise important to the success of the COMPANY. Accordingly, EMPLOYEE expressly warrants and represents to and covenants with COMPANY that EMPLOYEE shall not voluntarily terminate his employment with COMPANY or otherwise abandon the full and faithful performance of his duties of employment prior to the expiration of the term of this Agreement. In the event that EMPLOYEE shall breach any covenant set forth in this Paragraph 6.1, COMPANY shall have the right to pursue and enforce any remedies available to COMPANY by law, at equity or pursuant to this Agreement, including without limitation, specific performance as a result of such breach. COMPANY may commence a lawsuit for enforcement of its rights hereunder seeking damages without waiving any other rights it may possess.
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Default by Employee. Omni, Xxxxxx and the Employee agree that the Employee's services to Xxxxxx are of a special and unique nature and in the event that the Employee breaches any provision of this Agreement Xxxxxx shall be entitled to commence an action in any court of competent jurisdiction in order to obtain damages for the Employee's breach or to enforce specific provisions of this Agreement or to restrain the Employee from further breaches of the Agreement. It is understood that Xxxxxx may suffer immediate and irreparable harm from the Employee's breach of this Agreement and if Xxxxxx has no adequate remedy at law it shall be entitled to an injunction in any court of competent jurisdiction to prevent the Employee's breach.
Sample 1
Default by Employee. EMPLOYEE acknowledges that his loyal, faithful and effective performance of the employment provided for herein, is of vital importance to the success of the COMPANY, and that EMPLOYEE'S commitment to perform for the entire term of this Agreement is an essential inducement to and condition of COMPANY'S employment of EMPLOYEE, and that premature termination, abandonment or failure of performance by EMPLOYEE would in all probability result in substantial damages to the COMPANY, and that EMPLOYEE possesses peculiar knowledge and expertise important to the success of the
Sample 1
Default by Employee. In the event that Employee breaches or contests any of the provisions of this Agreement, then CPI shall be relieved and discharged from its obligations to provide Employee the Severance Payment described in paragraph 2 and Employee will promptly return all consideration set forth in paragraph 2 and received by Employee up to the time of the breach or contest. The provisions of this paragraph shall be in addition to, and not in lieu of, any other rights and remedies CPI may have at law or in equity.
Sample 1

Related to Default by Employee

  • Breach by Employee Employee hereby expressly covenants and agrees that the Company will suffer irreparable damage in the event any provisions of Sections 10, 11 and 12 are not performed or are otherwise breached and that the Company shall be entitled as a matter of right to an injunction or injunctions and other relief to prevent a breach or violation by Employee and to secure its enforcement of Section 10, 11 and 12 resort to such equitable relief, however, shall not constitute a waiver of any other rights or remedies which the Company may have.

  • Termination of Employment by Employee The Employee may terminate his employment at any time. However, he shall be deemed to have terminated his employment for "Good Reason" only if he terminates his employment by giving Notice of Termination pursuant to Paragraphs 6(d) and 6(e)(iii) within ninety (90) days after the occurrence of any of the following events (provided the Company does not cure such event within ten (10) days following its receipt of the Employee's Notice of Termination):

  • Termination of Employment by Executive The Executive may terminate his employment at any time. In such event, the Company shall continue to pay to the Executive in the ordinary and normal course of its business his Salary and earned Warrants and Shares (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.

  • Voluntary Termination by Executive The Executive may voluntarily terminate his employment for any reason and such termination shall take effect 30 days after the receipt by Company of the Notice of Termination. Upon the effective date of such termination, Executive shall be entitled to (a) accrued and unpaid Salary and vacation through such termination date; and (b) all other compensation and benefits that were vested through such termination date. In the event Executive is terminated without notice, it shall be deemed a termination by the Company for Cause.

  • Termination by Executive with Good Reason Executive may terminate Executive’s employment with Good Reason by providing the Company fifteen (15) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such fifteen (15) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Executive’s termination will be effective upon the date immediately following the expiration of the fifteen (15) day notice period, and Executive shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Executive’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following termination of Executive’s employment by Executive with Good Reason, except as set forth in this Section 8(e), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Termination by Executive The Executive may terminate his employment hereunder at any time for any reason by giving the Company prior written notice not less than 30 days prior to such termination. Any termination pursuant to this paragraph 3(e) shall preclude a later claim that such termination was for Good Reason.

  • Termination by Executive Without Good Reason Executive may terminate his employment upon 30 days’ written notice to the Company. In the event Executive terminates his employment in this manner, he shall remain in the Company’s employ subject to all terms and conditions of this Agreement for the entire 30-day period unless instructed otherwise by the Company in writing.

  • Breach by Executive Executive is obligated under this Agreement to render services of a special, unique, unusual, extraordinary, and intellectual character, which give this Agreement particular value. The loss of these services cannot be reasonably or adequately compensated in damages in an action at law. Accordingly, in addition to other remedies provided by law or this Agreement, Employer shall have the right during the Term and any period of non-competition governed by this Agreement, to seek injunctive relief against breach or threatened breach of this Agreement by Executive or the performance of services, or threatened performance of services, by Executive in violation of this Agreement, or both. This Section is not meant to limit the damages the Employer may pursue and is not meant to be an exhaustive list of the relief available to the Employer.

  • Termination by Employee Employee may terminate his employment under this Agreement by 60 days' written notice to the Company.

  • Termination by the Company for Cause or by Executive Without Good Reason If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company shall pay Executive all amounts earned or accrued hereunder through the termination date, including:

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