Effect of Termination by Company Sample Clauses

Effect of Termination by Company. Should the Term be terminated by Company by reason of Employee's Material Breach, Employee shall have no right to any further Fixed Annual Compensation from and after termination, or to any Incentive Compensation, Automobile Benefits, or Additional Benefits accruing for the fiscal year of termination or thereafter.
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Effect of Termination by Company. In the event of a termination of the Executive’s employment under this Agreement by the Company during the Initial Term, Executive shall be entitled to a severance payment equal to one (1) month’s salary during year one, two (2) months’ salary during year two, and three (3) months’ salary during year.
Effect of Termination by Company. A. Should the Term be terminated by Company for Cause, Executive shall have no right to any further Fixed Annual Compensation from and after termination, or to any Incentive Compensation, Additional Benefits or Supplemental Compensation except those earned by Executive prior to the date of termination.
Effect of Termination by Company. 19.5If the Agreement is terminated by the Company under clause 19.1 all Project Intellectual Property Rights will become the property of the Company. The Company may give the Researcher a licence to use the Project Intellectual Property Rights for research purposes free of charge.
Effect of Termination by Company. Should the Term be terminated by Company by reason of Employee's Material Breach, Employee shall have no right to any further Fixed Compensation or Bonus Compensation accruing from the date of termination or thereafter. Company shall pay to Employee all of Employee's Bonus Compensation on a pro-rata basis accruing through the effective date of termination sixty (60) days after the end of the fiscal year of termination.
Effect of Termination by Company. If this Agreement is terminated by the Company for any reason, Investor shall have the unconditional right to acquire from the Company within 60 days of the date of termination, 7,500,000 shares of common stock of the Company at the price of $.001 per share (the "Breakup Shares"). The Breakup Shares shall have full anti-dilution and registration rights, consistent with the rights granted to Investor under the Stock Purchase Agreement and the exhibits thereunder. This remedy is in addition to any other remedy to which Investor is entitled under this Agreement, in law or in equity as a result of termination of this Agreement.
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Effect of Termination by Company. Should the Term be terminated by Company pursuant to paragraphs 3.1.1 or 3.1.2, Company shall pay to Executive the remaining Fixed Annual Compensation for the balance of the applicable period (i.e., the Initial Term, the First Extension Period or the Second Extension Period) of the Term had Executive's employment not been terminated by Company, subject to any withholding which Company may make for income tax or other purposes as required by law or requested by Executive. Except as set forth in this paragraph 3.1.3, Executive shall have no right to any further Fixed Annual Compensation from and after termination, or to any Incentive Compensation, or Additional Benefits accruing from the date of termination or thereafter. 3.2

Related to Effect of Termination by Company

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Termination by Company The Company is authorized to terminate this Fee Agreement at any time with respect to all or part of the Project upon providing the County with thirty (30) days’ written notice; provided, however, that (i) any monetary obligations existing hereunder and due and owing at the time of termination to a party hereto (including without limitation any amounts owed with respect to Section 4.03 hereof); and (ii) any provisions which are intended to survive termination shall survive such termination. In the year following such termination, all property shall be subject to ad valorem taxation or such other taxation or fee in lieu of taxation that would apply absent this Fee Agreement. The Company’s obligation to make FILOT Payments under this Fee Agreement shall terminate in the year following the year of such termination pursuant to this section.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

  • Termination Effect of Termination 33 9.1 TERMINATION.................................................33 9.2

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • Notice of Termination; Effect of Termination Any proper termination of this Agreement under Section 7.1 will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • Effect of Termination on Compensation In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after the date of termination.

  • Termination by Company for Cause Subject to Section 3.2, the Company may terminate Employee’s employment and all of the Company’s obligations under this Agreement at any time “For Cause” (as defined below) by giving notice to Employee stating the basis for such termination, effective immediately upon giving such notice or at such other time thereafter as the Company may designate. “For Cause” shall mean any of the following: (i) Employee’s willful and continued failure to substantially perform the reasonably assigned duties with the Company which are consistent with Employee’s position and job description referred to in this Agreement, other than any such failure resulting from incapacity due to physical or mental illness, after a written notice is delivered to Employee by the Board of Directors of the Company which specifically identifies the manner in which Employee has not substantially performed the assigned duties and allowing Employee thirty (30) days after receipt by Employee of such notice to cure such failure to perform, (ii) material breach of this or any other written agreement between Employee and the Company which is not cured within thirty (30) days after receipt by the Employee from the Company of written notice of such breach, (iii) any material violation of any written policy of the Company which is not cured within thirty (30) days after receipt by Employee from the Company of written notice of such violation, (iv) Employee’s willful misconduct which is materially and demonstrably injurious to the Company, (v) Employee’s conviction by a court of competent jurisdiction of, or his pleading guilty or nolo contendere to, any felony, or (vi) Employee’s commission of an act of fraud, embezzlement, or misappropriation against the Company or any breach of fiduciary duty or breach of the duty of loyalty, including, but not limited to, the offer, payment, solicitation or acceptance of any unlawful bribe or kickback with respect to the Company’s business. For purposes of this paragraph, no act, or failure to act, on Employee’s part shall be considered “willful” unless done, or omitted to be done, in knowing bad faith and without reasonable belief that the action or omission was in, or not opposed to, the best interests of the Company. Any act, or failure to act, expressly authorized by a resolution duly adopted by the Board of Directors or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, in good faith and in the best interests of the Company. Notwithstanding the foregoing, Employee shall not be deemed to have been terminated For Cause unless and until there shall have been delivered to Employee a copy of a resolution, duly adopted by the Board of Directors at a meeting of the Board called and held for such purpose (after reasonable notice to Employee and an opportunity for Employee, together with Employee’s counsel, to be heard before the Board), finding that in the good faith opinion of the Board of Directors Employee committed the conduct set forth above in (i), (ii), (iii), (iv), (v) or (vi) of this Section and specifying the particulars thereof in detail.

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

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