Early Termination Without Cause. The Board may unilaterally and without cause or advance notice terminate this Agreement. In consideration of the Board’s right to terminate this Agreement without cause, the Board shall pay to the Employee the remainder of his salary (based upon any remaining calendared work days) for the term of this Agreement, or for a period of six (6) months following the effective date of termination, whichever is less.
Early Termination Without Cause. 10.2.1 The REIT may not terminate the Agreement during the Current Term, except for Cause or in connection with (i) a merger, consolidation or reorganization, pursuant to which the REIT is not the surviving entity, (ii) a sale of all or substantially all the assets of the REIT (iii) an acquisition, directly or indirectly, of 50% or more of the then issued and outstanding common stock of the REIT or the power, by agreement or otherwise, to elect or appoint a majority of the Board of Directors, or (iv) a liquidation of the REIT ((i), (ii), (iii) and (iv) each, a “Corporate Event”). After the Current Term, the REIT may terminate the agreement without Cause upon 180 days’ prior written notice to the Manager and subject to payment of the Termination Fee pursuant to Section 10.4 (except as otherwise provided in Section 13.1). A Corporate Event during the Current Term or thereafter, which gives rise to or results in a termination of this Agreement or a material diminution of the Manager's duties or aggregate compensation (other than as voluntarily agreed by the Manager), shall be deemed a termination without Cause and subject to the payment of the Termination Fee pursuant to Section 10.4.
10.2.2 The Manager may terminate the agreement at any time and for any reason upon 180 days’ prior written notice to the REIT.
Early Termination Without Cause. 10.2.1 The REIT may not terminate the Agreement during the Initial Term, except for Cause. After the Initial Term, the REIT may terminate the agreement without Cause upon 180 days’ prior written notice to the Manager and subject to payment of the Termination Fee pursuant to Section 10.4 (except as otherwise provided in Section 13.1).
10.2.2 The Manager may terminate the agreement at any time and for any reason upon 180 days’ prior written notice to the REIT.
Early Termination Without Cause. Either party may terminate this Agreement upon Ninety (90) days’ advance written notice to the other party, without penalty or cause. Upon termination under this provision, Contractor shall be paid for Maintenance Services rendered through the effective date of termination.
Early Termination Without Cause. Notwithstanding Section 3.1, Sionix may terminate employment under this Agreement at any time, without Cause, provided that it continues nonetheless to compensate Executive for a period of six (6) months following such termination, with salary and benefits under Sections 2.1 and 2.3. Executive shall also be entitled to reimbursement of otherwise allowable expenses incurred or committed prior to the date of termination. All unearned Options or Additional Options vest immediately.
Early Termination Without Cause. GLSSWD may terminate this agreement at any time prior to the termination date, for any reason, upon sixty (60) days written notice to KPC of its intention to do so. However, in the event of early termination, except as a result of a default by KPC pursuant to Article XI hereof, GLSSWD agrees to pay to KPC an early termination fee equal to KPC’s undepreciated fixed costs as shown in Addendum 1, plus three months’ additional meter fees. The three months’ additional meter fees would be calculated by using the last month’s actual number of installed meters’ times the monthly meter fee.
Early Termination Without Cause. Notwithstanding Section 3.1, Zeros & Ones may terminate employment under this Agreement at any time, without Cause, provided that it continues nonetheless to compensate Executive for a period of one year following such termination, with salary and benefits under Sections 2.1 and 2.3. Executive shall also be entitled to reimbursement of otherwise allowable expenses incurred or committed prior to the date of termination.
Early Termination Without Cause. (a) Either party may terminate this Agreement without cause at any time upon ninety (90) days' prior written notice to the other. This ninety (90) day period is hereinafter referred to as the "Notice Period." In the event of such termination, the following provisions apply:
(i) Notwithstanding anything to the contrary contained in this Agreement, in the event that Employer terminates this Agreement without cause, Employee, if requested by Employer, shall continue to perform his obligations and duties under this Agreement and assist with the transition of duties to a new executive during the Notice Period. Employer, at its option, may notify Employee at any time during the Notice Period that no further services are to be performed.
(ii) In the event that Employee terminates this Agreement or otherwise resigns his position with Employer without cause, Employee shall be entitled only to Employee's Base Salary and bonus, if any, accrued through the effective date of termination, plus any accrued but unused vacation time. If requested by the Employer, Employee will perform his regular duties during the Notice Period and assist in the transition of duties to a new executive.
(b) In the event of termination of this Agreement pursuant to Subsection 1.3(a), Employer shall pay to Employee on the effective date of such termination an amount equal to the sum of (i) Employee's Base Salary to EXHIBIT 10.15 the date of termination; (ii) an amount equal to Employee's Base Salary for the balance of the Term but no less than three (3) years, without regard to its termination, (iii) an amount equal to the cost of benefits which Employee would have received during the balance of the term of this Agreement without regard to its termination and (iv) any accrued but unused vacation time.
(c) This Agreement shall terminate upon the death or total and permanent disability of Employee. Employee shall be deemed to be totally and permanently disabled in the event that he is unable to regularly and consistently perform his normal duties as contemplated hereunder for a continuous period of six (6) months. In the event that this Agreement terminates due to Employee's death or total and permanent disability, Employer shall pay to Employee upon such termination Employee's Base Salary accrued through the date of Employee's death or the end of the six (6) month period during which he or she becomes totally and permanently disabled, as the case may be.
Early Termination Without Cause. Customer may terminate all or any portion of this Agreement without cause by providing a minimum of 30 days written notice to xxxxxxxxxxxx@xxxxxxxxx.xxx (the “Termination Notice”). The date of any such written Termination Notice shall be the Termination Notice Date. The Termination Effective Date shall be 30 days from the Termination Notice Date or any other later date specified by Customer in the Termination Notice. Normal service charges shall apply up to the Termination Effective Date.
Early Termination Without Cause. Either party may terminate this agreement without cause upon 30 calendar days notice to the other. Concurrent with or at any time after notice of termination is given by either party, the City may relieve Employee of all or part of the authority and responsibilities of the Position and remove Employee from the City’s premises, it being agreed, however, that notwithstanding such relief or removal, the City shall pay Employee all salary and benefits as if Employee were performing duties for 30 calendar days following notice of termination. Employee agrees to remain available for consultation at no charge to the City during the 30 day notice period.
1. Duties and damages upon early termination without cause. In addition to the duties and obligations set forth in subparagraph VI.C. above:
