Early Termination by the Executive Sample Clauses

Early Termination by the Executive. Subject to the payments contemplated by Sections 7.4 and 7.5, the Executive's employment by the Company may be terminated by the Executive at any time, as follows:
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Early Termination by the Executive. The Executive may terminate his employment with any of the Bank-Related Entities prior to the date it would otherwise terminate under the Employment Agreement or otherwise by delivering written notice to the employer three (3) months in advance of the date such termination is to take effect. In the event of any voluntary termination by the Executive of employment with any of the Bank-Related Entities that occurs within five (5) years from the date of this Agreement, the Bank shall pay to the Executive only the annual sum of the Executive's Personal Funded Annual Benefit vested under Paragraph 3.
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Early Termination by the Executive. Subject to the payments contemplated by Sections 7.4 and 7.5, the Executive's
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Early Termination by the Executive. Subject to the payments contemplated by Sections 7.4 and 7.5, the Executive's employment by the Company may be terminated at any time by the Executive, as follows: 7.3.1 For Good Reason; or 7.3.2 For any other reason or no reason, it being understood that no reason is required. Such termination by the Executive shall be effected by delivery by the Executive to the Company of a written notice of termination, specifying the Date of Termination and stating in the case of termination for Good Reason, the grounds which the Executive has determined exist for such termination, and shall be subject to the requirements for advance notice and opportunity to cure provided in this Agreement, if and to the extent applicable. The Company shall provide notice to the Bank Group and the Committees of such termination by the Executive.
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Early Termination by the Executive. The Executive shall have the ---------------------------------- right to terminate his employment described under Section 2 of this Agreement for any reason or no reason ("Early Termination") upon not less than six months' prior written notice to the Company given no earlier than June 30, 1999 and no later than June 30, 2001, in which case, except as set forth below, this Agreement shall terminate on the date that is six months from the day of such notice (or such later day specified in such notice). If the Executive elects Early Termination, (i) the Company shall have no further obligations under this Agreement, except as provided in Section 6 hereof and except to (x) pay all unpaid amounts of Base Salary, Guaranteed Bonus Amount and Incentive Bonus, if any, and reimburse all reasonable unreimbursed out-of-pocket business-related expenses, in each case accrued to the effective date of such Early Termination, (y) pay to the Executive the Minimum Amount, and (z) provide all other benefits set forth in Section 3(b) hereof for such period, if any, as such benefits generally are provided to the Company's senior officers following termination of employment at their election and (ii) the Executive shall have no further obligations under this Agreement, except those provided in Sections 6, 7 and 8 hereof. All such amounts of unpaid Base Salary, Guaranteed Bonus Amount, Incentive Bonus and Minimum Amount and the reimbursement of expenses shall be payable to the Executive within thirty (30) days following the effective date of Early Termination or the submission of documented evidence of such unreimbursed expense, as the case may be.
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Early Termination by the Executive 
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Related to Early Termination by the Executive

  • Termination by the Executive The Executive may terminate employment hereunder at any time for any reason, including but not limited to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive’s consent (each, a “Good Reason Condition”):

  • Voluntary Termination by the Executive The Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) above.

  • Termination by the Employee The Employee may terminate this Agreement at any time, for any reason or for no reason at all, by giving notice thereof to the Corporation at least thirty (30) days before the effective date of such termination. The Employment Period shall terminate as of the date of such termination of employment.

  • Voluntary Termination by the Employee The Employee may voluntarily terminate the Employee's status as employee for other than Good Reason.

  • Termination by the Employer The Employer may terminate the Employment Period (i) immediately upon the delivery of a Notice of Termination (as defined in Section 4.01(d) of this Agreement) by the Employer to the Executive setting forth the facts that indicate that a determination has been made that the Executive has a Disability in accordance with Section 4.02 of this Agreement; (ii) immediately upon delivery of a Notice of Termination by the Employer to the Executive setting forth the facts that indicate that an event constituting Cause (as defined in Section 4.03 of this Agreement) has occurred, or on such later date as may be set forth in such Notice of Termination; or (iii) at any time without Cause effective as of the 30th day following the delivery of a Notice of Termination by the Employer to the Executive, or on such later date as may be set forth in such Notice of Termination.

  • Termination by the Employer for Cause If the Employer terminates this Agreement for cause, the Executive will be entitled to receive his Salary only through the date such termination is effective, but will not be entitled to any Incentive Compensation for the Fiscal Year during which such termination occurs or any subsequent Fiscal Year.

  • Termination by the Employer Without Cause Subject to the payment of Termination Benefits pursuant to Section 7(b), the Executive’s employment under this Agreement may be terminated by the Employer without Cause upon no less than sixty (60) days prior written notice to the Executive.

  • Resignation by the Executive Executive may voluntarily resign from his employment with the Company, provided that Executive shall provide the Company with thirty (30) days advance written notice (which notice requirement may be waived, in whole or in part, by the Company in its sole discretion) of his intent to resign. If Executive so terminates his employment with the Company, other than in accordance with Section 4.5, the Company shall have no obligation other than the payment of the Accrued Obligations to the effective date of such termination.

  • Termination by the Executive for Good Reason The Executive shall have the right to terminate this Agreement for Good Reason. For purposes of this Agreement, “Good Reason” shall mean the occurrence, without the Executive’s express written consent, of any one or more of the following events:

  • Termination by the Employee for Good Reason The Employee shall have the right to terminate for “Good Reason” upon thirty (30) days’ prior written notice. For purposes of this Agreement, “Good Reason” shall mean (i) the Company’s material breach of its obligations under this Agreement, including, without limitation, its obligation to pay salary to the Employee, (ii) a material and adverse diminution in the Employee’s job duties, responsibilities or authority, (iii) a change in the location where the Employee is required to perform his duties and responsibilities which exceeds fifty (50) miles from the location specified in Section 5 hereof, or (iv) a material reduction in the Employee’s base salary, it being intended that an individual or aggregate reduction of more than 10% from the Employee’s prior base salary level shall be considered material for purposes of this Agreement. Employee may not resign Employee’s employment for Good Reason unless (A) Employee gives the Company written notice of his objection to any event set forth above within 30 days following such event, (B) such event is not corrected, in all material respects, by the Company within 30 days following its receipt of such notice, and (C) Employee resigns his employment with the Company not more than 30 days following the expiration of the 30-day correction period described in the foregoing subclause (B). In the event of a termination pursuant to this Section, in addition to any other payments or benefits to which the Employee may be entitled under the Company’s benefit plans then in effect, the Company shall pay to the Employee, (i) his base salary through the date of termination, and (ii) provided that the Employee executes within 21 days after termination of employment and does not revoke a general release of claims against the Company and its affiliates, equityholders officers, directors, agents and employees as to employment, benefits and compensation related claims, in a form acceptable to the Company, an amount equal to one times (1.0x) the sum of Employee’s (a) base salary as of the date of termination and (b) Bonus Amount, payable in a single lump sum within 30 days after the date of termination. In the event a severance payment is made under this Section 7.E., the Company will pay to Employee a monthly payment on the first payroll date of each month equal to the COBRA cost of continued health and dental coverage under health and dental plans of the Company pursuant to Section 4980B of the Internal Revenue Code, less the amount that Employee would be required to contribute for health and dental coverage if Employee were an active employee, for a period of twelve (12) months from the termination date; provided, however, that this obligation shall cease at the end of the Benefits Period. These payments will commence on the Company’s first payroll date after the termination date and will continue until the end of the Benefit Period. For the avoidance of doubt, in the event of a termination under this Section 7.E., the Employee shall not be entitled to any other payments under this Agreement except for the Accrued Obligations or as set forth in the immediately preceding sentence.

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