Employment at Will After Termination of Agreement Sample Clauses

Employment at Will After Termination of Agreement. If, upon the termination of this Agreement pursuant to paragraph 3.1.1, the parties to this Agreement agree that Executive shall remain employed by UGSI, then Executive's employment with UGSI will continue in accordance with, and subject to, the terms and conditions of this Agreement, except that Executive's continued employment will not be for any specific term but will be at-will and either UGSI or Executive may terminate the employment relationship at any time for any reason whatsoever. If UGSI then terminates the employment of Executive pursuant to paragraph 3.1.3 or Executive terminates the relationship for Cause pursuant to paragraph 3.1.5, Executive shall be entitled to his salary and bonus through the date of termination. If UGSI terminates the employment of Executive for Cause pursuant to paragraph 3.1.4 or Executive voluntarily terminates his employment pursuant to paragraph 3.1.2, Executive shall be entitled to his salary through the date of termination and no bonus payments.
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Employment at Will After Termination of Agreement. If, upon the ------------------------------------------------- termination of this Agreement pursuant to Section 3, the parties to this Agreement agree that Executive shall remain employed by the Company, then Executive's employment with the Company will continue in accordance with, and subject to, the terms and conditions of this Agreement, except that Executive's continued employment will not be for any specific term but will be at-will and either the Company or Executive may terminate the employment relationship at any time for any reason whatsoever. If the Company then terminates the employment of Executive pursuant to Section 3(c) or Executive terminates the relationship for Good Reason pursuant to Section 3(f), Executive shall be entitled to his salary and bonus through the date of termination. If the Company terminates the employment of Executive for Cause pursuant to Section 3(e) or Executive voluntarily terminates his employment pursuant to Section 3(b), Executive shall be entitled to his salary through the date of termination and no bonus payments.
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Related to Employment at Will After Termination of Agreement

  • Survival After Termination of Agreement Notwithstanding anything to the contrary contained in this Agreement, the covenants in Sections 7(a) and (b) shall survive the termination of this Agreement and the Executive's employment with the Company.

  • Death after Termination In the event of the death of Executive during the period Executive is receiving payments pursuant to this Agreement, Executive’s designated beneficiary shall be entitled to receive the balance of the payments; or in the event of no designated beneficiary, the remaining payments shall be made to Executive’s estate.

  • Competition After Termination of Employment The Company shall not pay any benefit under this Agreement if the Executive, without the prior written consent of the Company and within 2 years from the Executive’s Termination of Employment, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive’s employment or retirement. This section shall not apply following a Change in Control.

  • Non-Competition After Termination In further consideration of the Company providing Executive with its confidential information, trade secrets, goodwill, and proprietary business information, Executive agrees that he shall not, at any time during the period of one (1) year after the termination of the later of the Basic Term and any extension of the Basic Term under this Agreement, for any reason, within any market or country in which the Company has operated assets or provided services, or formulated a plan to operate its assets or provide services during the last twelve (12) months of Executive’s employ, engage in or contribute Executive’s knowledge to any work which is competitive with or similar to a product, process, apparatus, services, or development on which Executive worked or with respect to which Executive had access to while employed by the Company; provided, however, that the one (1) year period set forth in this Section 5.4 shall be a two (2) year period in the case of an Executive whose employment is terminated due to Retirement.

  • Rights After Termination 15.1 All rights and obligations of the parties which accrue on or before the effective termination date shall be fully enforceable by either party after termination.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Cooperation With Company After Termination of Employment Following termination of Executive’s employment for any reason, Executive shall fully cooperate with the Company in all matters relating to the winding up of Executive’s pending work including, but not limited to, any litigation in which the Company is involved, and the orderly transfer of any such pending work to such other employees as may be designated by the Company.

  • Compensation After Termination (i) If the Employment Period is terminated pursuant to Executive’s resignation without Good Reason, death or Incapacity, Executive shall only be entitled to receive his/her Base Salary through the date of termination and shall not be entitled to any other salary, bonus, compensation or benefits from the Company or its Subsidiaries, except as may be required by applicable law.

  • Exercise After Termination of Employment (A) Except as otherwise provided in this Agreement, the OPTION shall be exercisable only while the OPTIONEE is in the employment of the COMPANY and then only if the OPTION has become exercisable by its terms, and if not exercisable by its terms at the time the OPTIONEE ceases to be in the employment of the COMPANY, shall immediately expire on the date of termination of employment.

  • Survival After Termination The agreement to arbitrate will survive the termination of this Agreement.

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