Effect of Termination by Employee Sample Clauses

Effect of Termination by Employee. If the Employee terminates this Agreement prior to its expiration, all compensation and other obligations owed by Employer to the Employee under this Agreement will be terminated on the effective date of the Employee’s termination, except such sums as are earned by and are still owing to the Employee prior to the effective date of the Employee’s termination. The provisions of this Article 6.2 shall be without prejudice to any right Employer may have under applicable law. In no case shall Employer be liable to the Employee for the loss of any collateral business opportunities or any other benefits, perquisites or income resulting from activities, contracts, consulting relationships or from any other sources that may ensue as a result of the Employee’s termination of this Agreement.
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Effect of Termination by Employee. If Employee terminates his employment pursuant to SECTION 7.5 hereof - (a) Employee shall be entitled to accrued base salary under SECTION 3.1 and accrued vacation pay and other paid time off, each through the date of termination; (b) Employee shall be entitled to reimbursement for expenses accrued through the date of termination in accordance with the provisions of SECTION 4.1 hereof; and (c) Except as provided in ARTICLE XI, this Agreement shall thereupon be of no further force and effect.
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Effect of Termination by Employee. If the Employee terminates this Agreement prior to its expiration pursuant to Article 6.2.a, all compensation and other obligations owed by the University to the Employee under this Agreement will be terminated on the effective date of the Employee’s termination, except such sums as are earned by and are still owing to the Employee prior to the effective date of the Employee’s termination. The provisions of this Article 6.2 shall be without prejudice to any right the University may have under applicable law. In no case shall the University be liable to the Employee for the loss of any collateral business opportunities or any other benefits, perquisites or income resulting from activities such as but not limited to camps, clinics, media appearances, apparel or shoe contracts, consulting relationships or from any other sources whatever, that may ensue as a result of the Employee’s termination of this Agreement.
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Effect of Termination by Employee. Subject to the provisions of Section 3.4 below, should Employee terminate the Term due to Company's Material Breach, Company shall, for the then remainder of the Term, pay to Employee or provide Employee with: (i) Employee's Fixed Annual Compensation, (ii) Annual Bonuses, (iii) Health Insurance Benefits, (iv) Life Insurance Benefits, (v) Disability Benefits, and
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Effect of Termination by Employee. In the event of the termination of Employee's employment by the Employee pursuant to the terms hereof for any reason, (a) any outstanding Employee Series B Shares held by Employee that, at the time of any such termination, may be converted pursuant to the terms hereof shall automatically convert into the appropriate number of GreenShift common shares at the 1 for 25 ratio and based on the other restrictions on conversion stated above, which common shares shall be issued to Employee within no more than FIVE (5) days following any event of termination; and (b), any outstanding Employee Series B Shares held by Employee that, at the time of any such termination, may NOT be converted pursuant to the terms hereof shall be forfeit by Employee and shall be automatically cancelled on GreenShift's books and records.
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Effect of Termination by Employee. Subject to the provisions of Section 3.4 below, should Employee terminate the Term due to Company's Material Breach, Company shall pay to Employee or provide Employee with: (i) Employee's Fixed Annual Compensation for the remainder of the Term, paid in equal installments on Company's regular pay dates during the term of such payments, and (ii) Health insurance for the remainder of the Term. In addition, all Options shall vest on the date of termination. Employee shall also receive such Incentive Compensation as has been accrued through the date of termination, and, to the extent that the accrued vacation pay of Employee as of the date of termination exceeds the amount of Employee's Fixed Annual Compensation for the remainder of the Term, Employee shall also receive an amount equal to such excess. All other benefits shall cease on the date of termination of employment, except as otherwise required by law. Except with regard to a termination of the Term by reason of Employee's Death or Disability (as both terms are defined in Section 3.3), should Employee terminate the Term other than for Company's Material Breach, such termination shall be treated as a termination by Company for Employee's Material Breach.
Sample 1
Effect of Termination by Employee. Subject to the provisions of Section 3.4 below, should Employee terminate the Term due to Company's Material Breach, Company shall pay to Employee or provide Employee with: (i) Employee's Fixed Annual Compensation for the remainder of the Term, paid in equal installments on Company's regular pay dates during the Term, and (ii) Health insurance for the remainder of the Term. In addition, all Options shall vest on the date of termination. Employee shall also receive such Incentive Compensation and Vacation Benefits accrued through the date of termination. All other benefits shall cease on the date of termination of employment. Except with regard to a termination of the Term by reason of Employee's Death or Disability (as both terms are defined in Section 3.3), should Employee terminate the Term other than for Company's Material Breach, such termination shall be treated as a termination by Company for Employee's Material Breach.
Sample 1
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Related to Effect of Termination by Employee

  • Effect of Termination for Cause In the event the Executive’s employment shall be terminated for Cause pursuant to Section 5.1 hereof, the Company shall pay the Executive his salary through the date of termination.

  • Termination by Employee In the event Employee terminates this Agreement, the Company shall be obligated to pay Employee that pro-rata portion of his current semi-monthly Base Salary payment, as adjusted for any increase thereto, which is earned but unpaid as of the Termination Date, any earned but unpaid incentive compensation, any accrued but unpaid paid time off (“PTO”) due to him through the Termination Date and any unreimbursed expenses. Employee will not be entitled to, nor will he receive, any type of severance payment, unless he has Good Reason, as defined below, to terminate this Agreement. If Employee has Good Reason then he shall receive the severance outlined in subsection (B)(ii)(b) below addressing Termination by the Company without Cause, subject to its requirements for receipt of such payment. If Employee terminates Employee’s employment pursuant to this subsection (B)(i), then the Company, at its option, may require Employee to cease providing services during the thirty (30) day notice period required therein; provided, however, for purposes of calculating payment upon termination under this Agreement, Employee shall be treated as if he was employed during such thirty (30) day period. “Good Reason” shall mean (1) a material involuntary reduction in Employee’s duties, authority, reporting responsibility or function by the Company, (2) a material reduction in Employee’s compensation package other than as mutually agreed, (3) Employee’s involuntary relocation to a principal place of work more than thirty (30) miles from Charlotte, North Carolina or (4) a material breach by the Company of its obligations hereunder, provided that, upon the occurrence of any of these acts or omissions, Employee gives the Company notice of his belief that he has Good Reason to terminate this Agreement and the Company fails to cure within thirty (30) business days of receipt of Employee’s notice.

  • Termination by Employer (i) Employer may terminate this Agreement upon written notice for Cause. For purposes hereof, "Cause" shall mean (A) engaging by the Employee in conduct that constitutes activity in competition with Employer; (B) the conviction of Employee for the commission of a felony; and/or (C) the habitual abuse of alcohol or controlled substances. Notwithstanding anything to the contrary in this Section 10(a)(i), Employer may not terminate Employee's employment under this Agreement for Cause unless Employee shall have first received notice from the Board advising Employee of the specific acts or omissions alleged to constitute Cause, and such acts or omissions continue after Employee shall have had a reasonable opportunity (at least 10 days from the date Employee receives the notice from the Board) to correct the acts or omissions so complained of. In no event shall alleged incompetence of Employee in the performance of Employee's duties be deemed grounds for termination for Cause.

  • Notice of Termination by Employer (a) In order to terminate the employment of an employee the employer must give to the employee the following notice: Period of Service Period of Notice

  • Notice of Termination by Employee (a) The notice of termination required to be given by an employee is the same as that required of an Employer, save and except that there is no requirement on the employee to give additional notice based on the age of the employee concerned. (b) If an employee fails to give the notice specified in 6. 1.1 the Employer has the right to withhold monies due to the employee to a maximum amount equal to the ordinary time rate of pay for the period of the notice.

  • Effect of Termination of Employment (a) Upon the effective date of termination of the Employee's employment pursuant to Section 6, Section 7(a) or Section 7(c) hereof, neither the Employee nor the Employee's beneficiaries or estate shall have any further rights under this Agreement or any claims against the Corporation arising out of this Agreement, except the right to receive, within 30 days of the Termination Date: (i) the unpaid portion of the Base Salary provided for in Section 5(a), computed on a pro rata basis to the Termination Date; (ii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed, as provided in Section 5(d); and (iii) the unpaid portion of any amounts earned by the Employee prior to the Termination Date pursuant to any Benefit Arrangement; provided, however, unless specifically provided otherwise in this Section 8, the Employee shall not be entitled to receive any benefits under a Benefit Arrangement that have accrued during a fiscal year if the terms of such Benefit Arrangement require that the beneficiary be employed by the Corporation as of the end of such fiscal year. (b) Upon the termination of the Employee's employment pursuant to Section 7(b), neither the Employee nor the Employee's beneficiaries or estate shall have any further rights under this Agreement or any claims against the Corporation arising out of this Agreement, except the right to receive: (i) the unpaid portion of the Base Salary, computed on a pro rata basis, for the period from the Commencement Date until the first anniversary of the Termination Date, payable in such installments as the Base Salary was paid prior to the Termination Date; and (ii) the payments, if any, referred to in Sections 8(a)(ii) and (iii). (c) The Employee's obligations under Sections 9, 10 and 11 of this Agreement, and the Corporation's obligations under this Section 8, shall survive the termination of this Agreement and the termination of the Employee's employment hereunder.

  • 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 Employer for Cause Employer may terminate Employee’s employment hereunder for “Cause” upon notice to Employee. “Cause” for this purpose shall mean any of the following:

  • Termination Effect of Termination 41 Section 8.01. Termination............................................................. 41 Section 8.02. Effect of Termination................................................... 42

  • Notice of Termination; Effect of Termination Any termination of this Agreement under Section 7.1 above 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 (miscellaneous), 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.

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