DURATION AND TERMINATION OF EMPLOYMENT. (a) Unless the Executive's employment under this Agreement is otherwise terminated, the term of this Agreement is three (3) years from the Effective Date.
(b) OCC may terminate the employment of the Executive for Cause (defined herein) and notice of such termination shall be sent to Executive. "Cause" shall mean the Executive's (i) willful misconduct, (ii) grossly negligent misconduct in the performance of his duties to the Corporation, (iii) material breach of his obligations under this Agreement, (iv) failure to comply with the lawful instructions of the Board of Directors or (v) conviction of, or plea of NOLO CONTENDERE to, a felony; or conviction of, or plea of NOLO CONTENDERE to, a crime involving moral turpitude under federal, state or local laws. Notwithstanding the foregoing, a crime involving tax matters shall not be considered a crime involving moral turpitude.
DURATION AND TERMINATION OF EMPLOYMENT. (a) The term (the "Term") of this Agreement shall begin as of the date hereof and shall continue thereafter unless terminated by either party pursuant to this Section 2 hereof, with or without cause.
(b) Employer may terminate employee's employment pursuant to this Agreement as follows:
(i) If Employee shall die during the Term, Employee's employment shall terminate, except that Employee's legal representatives shall be entitled to receive the base salary provided for under Section 3 hereof prorated to the last day of the month in which Employee's death occurs.
(ii) If during the Term, Employee shall become physically or mentally disabled whether totally or partially, so that Employee is unable substantially to perform Employee's services hereunder for a period of six (6) consecutive months, Employer may, by written notice to Employee, terminate Employee's employment hereunder.
(iii) Employer may, by written notice to Employee, terminate Employee's employment hereunder for "cause." For the purposes of this Agreement, "cause" shall mean Employee's termination only upon: (A) Employee's continued failure to perform such assigned duties and responsibilities as shall be consistent with the terms of this Agreement after receipt of a written warning of specific deficiencies and Employee's failure to cure said deficiencies within thirty (30) days; or (B) Employee's engaging in willful misconduct which is demonstrably injurious to Employer; or (C) Employee's committing a felony or an act of fraud against or the misappropriation of property belonging to Employer, or (D) Employee's breaching in any material respect the terms of this Agreement and Employee's failure to cure the breach within thirty (30) days after written notice of the breach from Employer.
DURATION AND TERMINATION OF EMPLOYMENT. (a) Unless the Executive's employment under this Agreement is otherwise terminated, the term of this Agreement is three (3) years from the effective date, less the term of the Consulting Agreement (the "Term"). The "Effective Date" shall be defined as that date upon which Executive's status as a consultant, as described in the Consulting Agreement, shall be terminated by OCC and changed to employee. At least six months prior to expiration of the Term, OCC shall notify Executive in writing as to whether OCC intends to renew this Agreement and, if so, under what circumstances and terms.
DURATION AND TERMINATION OF EMPLOYMENT. (a) Unless the Executive's employment under this Agreement is otherwise terminated, the term of this Agreement shall commence on the date hereof and end on the earlier of (i) the date of an initial public offering of OCC's common stock in which the Executive (including transferees of his OCC common stock) realizes not less than $1,000,000 from the sale of his OCC common stock or (ii) August 15, 2000. If (i) there has not been a public offering of OCC's common stock prior to August 15, 2000, or (ii) the Executive's employment under this Agreement has not been otherwise terminated, then this Agreement shall be extended, subject to the approval of the Board of Directors, for further one-year terms unless either party advises the other by written notice at least six months before the end of the then current term of its intention to cancel the Agreement.
(b) OCC may terminate the employment of the Executive for Cause (defined herein) and notice of such termination shall be sent to Executive. "Cause" shall mean the 4 Executive's (i) willful misconduct, (ii) grossly negligent misconduct in the performance of his duties to the Corporation, (iii) material breach of his obligations under this Agreement, (iv) failure to comply with the lawful instructions of the Board of Directors or (v) conviction of, or plea of NOLO CONTENDERE to, a felony; or conviction of, or plea of NOLO CONTENDERE to, a crime involving moral turpitude under federal, state or local laws. Notwithstanding the foregoing, (i) a crime involving tax matters shall not be considered a crime involving moral turpitude; and (ii) Cause shall not include any event, act or omission which occurred prior to the date hereof.
DURATION AND TERMINATION OF EMPLOYMENT. 4.1 This contract will commence on / / (YYYY / MM / DD), and will terminate on / / (YYYY / MM / DD), or be terminated in the following circumstances:
4.1.1 The employment contract is deemed terminated on the date of contract expiry without any further notice of termination;
4.1.2 The employment contract can be prematurely terminated by the Employee, provided that the Employer is given a written notice of such termination. An EDU6 (Notice of Termination of Service) must be submitted; and
4.1.3 The Employment contract can furthermore be terminated prematurely by the Mpumalanga Department of Education by giving a notice period of 30 calendar days in the following cases:
a. Where the learner enrolment at the school where the Employee is employed has dropped to such an extent that it no longer warrants the post in which the Part-Time Teacher is appointed;
b. Where the school where the Employee is employed is suspended or closed;
c. COVID 19 National Lockdown moves to Level 1 and the COVID 19 Regulations for the National Lockdown Level 1 does not warrant the concessions as approved in terms of ELRC Collective Agreement 1 of 2020;
d. National Lockdown is formally uplifted by the President;
e. If the original incumbent terminates his / her services irrespective of the reason of the termination of services by the original incumbent; and
f. Where the outcome of the Disciplinary Procedures prescribes the termination of service of the Part-Time Teacher after due processes have been followed.
DURATION AND TERMINATION OF EMPLOYMENT. (a) Subject to the early termination provisions set forth in Section 3(b), this Agreement shall have an initial term of one (1) year commencing on the date hereof, and shall renew automatically for successive additional one (1) year periods unless either party shall have delivered to the other written notice of its intention not to renew at least thirty (30) days prior to the expiration of the then current term.
(b) Notwithstanding the provisions of Section 3(a), Executive's employment hereunder shall terminate upon the earliest of the following:
(i) automatically upon Executive's death;
(ii) at any time by mutual agreement of the parties;
(iii) upon fifteen (15) days prior written notice given by the Company to Executive; or
(iv) Upon fifteen (15) days prior written notice given by Executive to the Company of a material breach of this Agreement by the Company which breach is not cured within such fifteen (15) day period.
(c) Upon termination of Executive's employment hereunder, the Company shall be obligated to pay to Executive, and Executive shall be entitled to receive (i) any unpaid Salary through the date of termination, (ii) reimbursement for expenses incurred by Executive through the date of termination, subject to the provisions of Section 2(c), (iii) Commissions on a continuing basis in accordance with Section 2(b), and (iv) any other amounts or benefits thereafter payable to Executive or his beneficiaries pursuant to any employee benefit program or plan then in effect to the extent Executive remains eligible to participate therein under the terms of the applicable program or plan. Except for the compensation and benefits specified in this Section 3(c), the Company shall have no obligation to provide Executive any compensation or benefits from and after the date of termination. Executive agrees, upon any such termination, to resign as an officer and director of the Company and any of its subsidiaries and affiliates effective as of the date of termination.
DURATION AND TERMINATION OF EMPLOYMENT. (a) Unless the Executive's employment under this Agreement is otherwise terminated, the term of this Agreement is three (3) years from the date first above written. Unless the Executive's employment under this Agreement is otherwise terminated, this agreement shall automatically be extended for further one-year terms unless either party advises the other by written notice at least six months before the end of the then current term of its intention to cancel the agreement.
(b) OCC may terminate the employment of the Executive for Cause (defined herein) and notice of such termination shall be sent to Executive. "Cause" shall mean the Executive's (i) willful misconduct, (ii) grossly negligent misconduct in the performance of his duties to the Corporation, (iii) material breach of his obligations under this Agreement, (iv) failure to comply with the lawful instructions of the Board of Directors or (v) conviction of, or plea of nolo contendere to a felony, or conviction of, or plea of nolo contendere to, a crime involving moral turpitude under federal, state or local laws. Notwithstanding the foregoing, a crime involving tax matters shall not be considered a crime involving moral turpitude.
DURATION AND TERMINATION OF EMPLOYMENT. 11.1 This Agreement shall become valid as of 5 January 2009 and is concluded for an indefinite period of time.
11.2 This Agreement may be terminated by either party with a notice period of 3 months during the first year of employment. After the first year of employment the notice period shall be 6 months.
11.3 The right to termination of the Agreement for good cause (Kündigung aus wichtigem Xxxxx) shall remain unaffected.
11.4 Any notices of termination pursuant to this Agreement shall be given in writing.
DURATION AND TERMINATION OF EMPLOYMENT. The term of this Agreement is for a period of five (5) years, commencing upon April 1, 1996. The employment relationship may be terminated at any time by either party with or without cause. In the event that this Agreement is terminated by Employer without cause, then until the sooner of a period of one year (1) subsequent to such termination, or until Employee obtains other employment, Employer shall continue to pay Employee's base annual compensation, determined upon the date of such termination, and shall continue to provide health insurance coverage to Employee and Employee's spouse upon terms identical to that prior to the termination of this Agreement. Termination without cause will not terminate Employee's stock options hereunder. This paragraph shall survive termination of this agreement.
DURATION AND TERMINATION OF EMPLOYMENT. The term of this Agreement is for a period of five (5) years, commencing upon July 1, 1997. The employment relationship may be terminated at any time by either party with or without cause. In the even Employee's employment is terminated without Cause, the performance incentive set forth in paragraph 4.b. above shall remain in effect for the remaining term of this Agreement and Employee (or Employee's personal representative or heirs in the case of death) shall continue to receive grants of options under paragraph 4.
