Early Termination of Employment during the Consulting Period Sample Clauses

Early Termination of Employment during the Consulting Period. Notwithstanding anything in the Agreement or this letter agreement to the contrary, if the Expiration Date has been extended beyond December 31, 2019 under Section 7(a) of this letter agreement, you may elect to resign your employment at any time after December 31, 2019 to accept new employment, in which case you will continue to provide services as a Consultant through the Expiration Date in the capacity of an independent contractor, on a non-exclusive basis and subject to your other professional commitments. If you elect to resign your employment after December 31, 2019 but prior to the Expiration Date, you shall receive all of the payments and benefits described in Section 6 of this letter agreement (and at the times specified therein); provided, however, that an amount equal to two-thirds (2/3rds) times the product of (x) the amount of the cash payments set forth in Section 3 of this letter agreement and (y) a fraction, the numerator of which is the number of calendar days from the effective date of your resignation through the Expiration Date and the denominator of which is the number of calendar days from April 15, 2019 through the Expiration Date shall be recoupable against any portion of the severance payments set forth in Section 6 of this letter agreement that are not subject to Code Section 409A. For avoidance of doubt, if you elect to resign your employment after December 31, 2019 but prior to the Expiration Date, you shall not forfeit the non-recoupable portion of the cash payments set forth in Section 3 of this letter agreement or the non-recoupable portion of the severance payments and benefits set forth in Section 6 of this letter agreement.
Sample 1
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Related to Early Termination of Employment during the Consulting Period

  • Early Termination of Employment In addition to any Termination of Employment of Executive as a Retired Early Employee under Paragraph 6 of this Agreement, a Termination of Employment of Executive may occur prior to the normal expiration of the Term under the circumstances and with the consequences set forth below.

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Early Termination of the Employment Period Notwithstanding Section 1(b) hereof, the Employment Period shall end upon the earliest to occur of (i) a Termination For Cause, (ii) a Termination Without Cause, (iii) a Voluntary Termination, (iv) a Termination Due to Retirement, (v) a Termination Due to Disability, or (vi) a Termination Due to Death.

  • Expiration of Employment Period If Executive’s employment shall be terminated due to the normal expiration of the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Termination of Consulting Period Notwithstanding any other provision hereof, the Consulting Period and Consultant’s services as a consultant hereunder shall terminate, and, except as otherwise specifically provided herein, this Agreement shall terminate:

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • During the Term of Employment (a) Executive shall be eligible to participate in any life, health and long-term disability insurance programs, pension and retirement programs, stock option and other incentive compensation programs, and other fringe benefit programs made available to senior executive employees of the Company from time to time, and Executive shall be entitled to receive such other fringe benefits as may be granted to him from time to time by the Company's Board of Directors.

  • Expiration of Employment Term Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company following the expiration of the Employment Term shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided that the provisions of Sections 6, 7 and 8 of this Agreement shall survive any termination of this Agreement or Executive’s termination of employment hereunder.

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