Early Voluntary Termination Sample Clauses

Early Voluntary Termination. The term “Early Voluntary Termination” means that the Director, prior to attaining the Early Retirement Age, has voluntarily Separated from Service with the Company.
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Early Voluntary Termination. Upon an Early Voluntary Termination, the Executive will not be eligible for a benefit under this Agreement.
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Early Voluntary Termination. Provision 2(a) notwithstanding, Licensee shall have the option to terminate the present agreement upon sixty days written notice to Next Gear, and payment of all fees due under the terms of Licensee’s Order Form, including those that may have been payable over the full contract term of the Order Form. This option shall not be considered exercised unless Licensee submits written notice. Upon payment of a $450 data return fee, Next Gear will return Licensee’s data on an external hard drive or similar appropriate medium. Upon expiration of the sixty day period, Licensee shall cease and desist all use of Next Gear software and documentation. Early termination does not entitle the Licensee to any refund of any amount, including of start up fees, licensing fees, support or training fees, or data storage fees.
Sample 1
Early Voluntary Termination. Provision 2(a) notwithstanding, Licensee shall have the option to terminate the present agreement upon sixty days written notice to Next Gear, and payment of all fees due under the terms of Licensee’s Order Form. This option shall not be considered exercised unless Licensee submits written notice. Upon payment of a $450 data return fee, Next Gear will return Licensee’s data on an external hard drive or similar appropriate medium. Upon expiration of the sixty day period, Licensee shall cease and desist all use of Next Gear software and documentation. Early termination does not entitle the Licensee to any refund of any amount, including of start up fees, licensing fees, support or training fees, or data storage fees.
Sample 1
Early Voluntary Termination. If Early Voluntary Termination occurs, neither the Executive nor the Beneficiary shall be entitled to any benefit hereunder.
Sample 1
Early Voluntary Termination. In the event the Executive voluntarily terminates his employment with the Corporation before reaching age 65, and prior to any Change in Control, the Corporation shall pay to the Executive a Retirement Benefit equal to two-thirds of his Discounted Vested Monthly Benefit commencing upon the last day of the month next following the month in which the date such termination occurs, and shall continue to pay him such amount monthly on the same date of each succeeding month for a total of 240 months. If the Executive dies before receiving all 240 monthly payments specified herein, the Corporation shall pay to his Designated Beneficiary the remaining monthly payments as they become due.
Sample 1
Early Voluntary Termination. In the event Xxxxxxxxxxx voluntarily terminates his employment with the Corporation before reaching age 65, and prior to any Change of Control, the Corporation shall pay to Xxxxxxxxxxx two-thirds of his Discounted Vested Monthly Benefit commencing upon the last day of the month next following the month in which the date such termination occurs, and shall continue to pay him such amount monthly on the same date of each succeeding month for a total of 240 months. If Xxxxxxxxxxx dies before receiving all 240 monthly payments specified herein, the Corporation shall pay to his surviving spouse, or to such other person or persons as Xxxxxxxxxxx shall have designated in writing, the remaining monthly payments as they become due.
Sample 1
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Early Voluntary Termination. However, if prior to Normal Retirement Age a Participant voluntarily terminates his or her employment with the Company, for any reason other than Disability or following a Change of Control, the death benefit will be reduced as follows:
Sample 1

Related to Early Voluntary Termination

  • Cause; Voluntary Termination If the Executive’s employment terminates for Cause, this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive the Accrued Obligations. If the Executive’s employment terminates due to the Executive’s voluntarily termination this Agreement shall terminate without further obligations to the Executive other than the obligation to pay to the Executive the Accrued Obligations.

  • Voluntary Termination Executive may voluntarily terminate Executive’s employment for any reason upon 30 days’ prior written notice. In such event, after the effective date of such termination, except as provided in Section 2.2 with respect to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the Company.

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • Termination for Cause or Voluntary Termination If the Executive’s employment terminates pursuant to Section 6(c) [For Cause] or Section 6(f) [Voluntary Termination], the Executive shall be entitled to receive only the salary, annual bonuses, expense reimbursements, benefits and accrued vacation days earned by the Executive pursuant to Section 4 through the date of the Executive’s termination of employment. Annual bonuses are not earned until the date any such bonus is paid in accordance with the terms of the applicable bonus plan. As such, the Executive shall not be entitled to any bonus not paid prior to the date of the Executive’s termination of employment, and the Executive shall not be entitled to any prorated bonus payment for the year in which the Executive’s employment terminates. Any stock options granted to the Executive by the Company shall continue to vest only through the date on which the Executive’s employment terminates, and unless otherwise provided by their terms, any restricted stock, performance share awards or other equity awards that were granted to the Executive by the Company that remain unvested as of the date on which the Executive’s employment terminates shall automatically be forfeited and the Executive shall have no further rights with respect to such awards. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(b) except as set forth in Section 12.

  • Involuntary Termination “Involuntary Termination” shall mean (i) without the Employee’s express written consent, the significant reduction of the Employee’s duties or responsibilities relative to the Employee’s duties or responsibilities in effect immediately prior to such reduction; provided, however, that a reduction in duties or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Chief Financial Officer of Company remains as such following a Change of Control and is not made the Chief Financial Officer of the acquiring corporation) shall not constitute an “Involuntary Termination”; (ii) without the Employee’s express written consent, a substantial reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) without the Employee’s express written consent, a material reduction by the Company in the Base Compensation or Target Incentive of the Employee as in effect immediately prior to such reduction, or the ineligibility of the Employee to continue to participate in any long-term incentive plan of the Company; (iv) a material reduction by the Company in the kind or level of employee benefits to which the Employee is entitled immediately prior to such reduction with the result that the Employee’s overall benefits package is significantly reduced; (v) the relocation of the Employee to a facility or a location more than 50 miles from the Employee’s then present location, without the Employee’s express written consent; (vi) any purported termination of the Employee by the Company which is not effected for death or Disability or for Cause; or (vii) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 10 below.

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • Cause and Voluntary Termination If, during the Employment Period, the Executive's employment shall be terminated for Cause or voluntarily terminated by the Executive (other than on account of Good Reason following a Change of Control), the Company shall pay the Executive (i) the Earned Salary in cash in a single lump sum as soon as practicable, but in no event more than 10 days, following the Date of Termination, and (ii) the Accrued Obligations in accordance with the terms of the applicable plan, program or arrangement.

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