Employee’s Employment. Nothing in this Agreement shall confer upon Employee any right to continue in the employ of the Company or any of its subsidiaries or interfere with the right of the Company or its subsidiaries, as the case may be, to terminate Employee's employment or to increase or decrease Employee's compensation at any time.
Employee’s Employment. Pursuant to Paragraph __ of the Employment Agreement, Employee’s employment with Company has terminated as of the Effective Date.
Employee’s Employment. IS TERMINATED BY THE COMPANY WITHOUT CAUSE OR BY EMPLOYEE FOR GOOD REASON, HIS RIGHT TO RECEIVE SEVERANCE PAY SHALL BE CONDITIONED UPON HIS EXECUTION OF A GENERAL RELEASE IN A FORM SATISFACTORY TO THE COMPANY, AND SUCH PAYMENT SHALL BE HIS EXCLUSIVE REMEDY IN ANY ACTION ARISING OUT OF THE TERMINATION OF HIS EMPLOYMENT. Employee is under no obligation to mitigate, or attempt to mitigate, his damages in order to receive the Severance Pay. The amount of any payments provided for in this Agreement shall not be reduced, offset, or subject to recovery by the Company by reason of any compensation earned by Employee as the result of employment by another employer or by self-employment after the Date of Termination.
Employee’s Employment. The Employee and the Company acknowledge that, except as may otherwise be provided under any other written agreement between the Employee and the Company, the employment of the Employee by the Company is "at will" and, subject to the last sentence of Section 10(e) hereof deeming a termination to have occurred on or after the occurrence of a Change in Control Effective Date, the Employee's employment and/or this Agreement may be terminated by either the Employee or the Company at any time prior to the Change in Control Effective Date, in which case the Employee shall have no further rights under this Agreement.
Employee’s Employment under this Agreement shall terminate on the occurrence of any of the following events:
Employee’s Employment. WITH VSOURCE CAN BE --------------------- TERMINATED AT WILL, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT NOTICE, AT ANY TIME, EITHER AT THE OPTION OF EMPLOYEE OR VSOURCE. NO EMPLOYEE OR REPRESENTATIVE OF VSOURCE HAS THE AUTHORITY TO MODIFY THE AT WILL EMPLOYMENT POLICY EXCEPT FOR THE PRESIDENT OF VSOURCE, AND ANY SUCH MODIFICATION TO THE AT WILL EMPLOYMENT POLICY MUST BE IN A WRITTEN AGREEMENT SIGNED BY BOTH EMPLOYEE AND THE PRESIDENT OF VSOURCE. THE PARTIES AGREE THAT THIS CONSTITUTES AN INTEGRATED AGREEMENT WITH RESPECT TO THE AT WILL NATURE OF THE EMPLOYMENT RELATIONSHIP, AND THERE ARE NOT NOW AND MAY NOT BE IN THE FUTURE ANY IMPLIED OR ORAL AGREEMENTS THAT IN ANY WAY MODIFY THE AT WILL EMPLOYMENT POLICY. EXCEPT AS EXPRESSLY PROVIDED BY SECTION 14 OR AS REQUIRED BY LAW, VSOURCE SHALL HAVE NO OBLIGATIONS WHATSOEVER TO EMPLOYEE UPON THE TERMINATION OF HIS EMPLOYMENT.
Employee’s Employment with Employer shall terminate in the event of Employee's death or disability. For purposes hereof, "disability" shall be defined as Employee's inability by reason of illness or other physical or mental incapacity to perform the duties required by his employment for any consecutive One Hundred Eighty (180) day period, provided that notice of any termination by Employer because of Employee's "disability" shall have been given to Employee prior to the full resumption by him of the performance of such duties.
Employee’s Employment. Employee will cease to be employed by the Company effective August 31, 2015 (the “Termination Date”). The Parties agree that such termination will be deemed without Cause and that all notice provisions of Section 5.4 of the Employment Agreement are waived.
Employee’s Employment. Employee will cease to serve as an executive officer of Choice as of the Agreement Date. Employee’s employment will terminate on March 31, 2007 (“Severance Date“).
(a) From the Agreement Date through the Severance Date, Employee will be available as needed by Choice and report to Choice’s Chief Executive Officer. During this period, Employee will remain a full-time employee and will maintain a direct dial telephone number, e-mail access and secretarial support, but will not be required to maintain regular office hours. In performing any duties for Choice during this period, Employee will perform them in a professional and timely manner. Furthermore, during this period, Employee will refrain from any conduct that is disruptive of or damaging to its operations, finances or reputation. Finally, during this period and through the Termination Date (as defined below), Employee will provide reasonable cooperation to Choice on transitional matters with respect to information about which he has knowledge. On or before the Severance Date, Employee will return all Choice property and all copies, excerpts or summaries of such property, in his possession, custody or control. Employee shall not serve as an employee of any other person or entity prior to the Severance Date.
(b) From the Agreement Date through the Severance Date, Employee will be entitled to receive salary and benefits at the levels provided him immediately prior to the Agreement Date, less standard deductions, payable in installments and otherwise in accordance with Choice’s normal payroll practices, except that Employee will not be entitled to any new grant of equity-based compensation. Employee will continue to participate and vest in the Choice employee benefit plans and programs in which he participated immediately prior to the Agreement Date, including the Choice Hotels International, Inc. Amended and Restated Supplemental Executive Retirement Plan, and will continue to vest in previously granted stock options and restricted stock. Employee will be paid his full fiscal year 2006 bonus, paid out in accordance with the terms of his 2006 Officer Management Incentive Plan and at the time that bonuses are paid to Choice executives generally. For the avoidance of doubt, Employee’s annual salary rate, currently estimated 2006 bonus amount, monthly automobile allowance and flexible perquisite supplemental payment amount and Employee’s outstanding options and restricted stock are set forth on Exhibit A to th...
Employee’s Employment. If an Employee is employed on a full-time basis, but the terms and conditions of the Employee’s employment do not determine the number of hours in a week that is to constitute employment on a full-time basis for the Employee, the Employee is, for the purpose of clause 15.2.1, taken to be employed to work 38 hours per week.
