Executive’s Constructive Termination Sample Clauses

Executive’s Constructive Termination. Executive may terminate this Agreement and his or her employment on account of a Constructive Termination. In such event, the Company shall pay or provide to Executive:
Sample 1Sample 2Sample 3See All (19)
AutoNDA by SimpleDocs
Executive’s Constructive Termination. Executive may terminate this Agreement and his employment hereunder on account of a Constructive Termination upon 30 days prior written notice to the Chief Executive Officer (or such shorter period as may be agreed upon by the parties hereto.) In such event, the Company shall provide to Executive (a) the amount described in Section 3.1a hereof, payable not later than three days after his termination of employment, (b) the amounts determined under Sections 3.1b and 3.1d hereof, payable in not more than two equal installments, one-half not later than 30 days after termination and the other one-half six months after such termination, and (c) the benefits described in Sections 3.1e, 3.1f and 3.1g hereof.
Sample 1Sample 2Sample 3See All (16)
Executive’s Constructive Termination. For purposes of this Agreement, “Constructive Termination” shall be defined as a material breach by PSID of its obligations under this Agreement (including but not limited to any reduction of Executive’s Base Salary, bonuses or incentive compensation as provided herein). If Executive chooses to treat such material breach as a Constructive Termination, Executive shall provide PSID with written notice describing the circumstances being relied upon by Executive for such termination with respect to this Agreement within thirty (30) days after the event giving rise to the Constructive Termination. PSID shall have thirty (30) days after receipt of such notice to remedy the situation prior to the Constructive Termination being deemed final; or
Sample 1Sample 2Sample 3See All (4)
Executive’s Constructive Termination. For purposes of this Agreement, “Constructive Termination” shall be defined as a material breach by VeriChip of its obligations under this Agreement (including but not limited to any reduction of Executive’s Base Salary or incentive compensation as provided herein). If Executive chooses to treat such material breach as a Constructive Termination, Executive shall provide VeriChip with written notice describing the circumstances being relied upon by Executive for such termination with respect to this Agreement within thirty (30) days after the event giving rise to the Constructive Termination. VeriChip shall have thirty (30) days after receipt of such notice to remedy the situation prior to the Constructive Termination being deemed final; or
Sample 1Sample 2
Executive’s Constructive Termination. Executive may terminate his employment under this Agreement during the Employment Term on account of a Constructive Termination upon 30 days prior written notice to the Chairman of the Boards (or such shorter period as may be agreed upon by the parties hereto). In such event, this Agreement shall automatically terminate and the obligations of Hibernia hereunder (other than the obligation to make payments and provide benefits as specified in this Section 3.5) shall automatically cease. In such event, Hibernia shall pay and provide to Executive the amounts and benefits described in Section 3.1.
Sample 1
Executive’s Constructive Termination. For purposes of this Agreement, "Constructive Termination" shall be defined as a material breach by ADS of its obligations under this Agreement (including but not limited to any reduction of Executive's Base Salary or incentive compensation as provided herein). If Executive chooses to treat such material breach as a Constructive Termination, Executive shall provide ADS with written notice describing the circumstances being relied upon by Executive for such termination with respect to this Agreement within thirty (30) days after the event giving rise to the Constructive Termination. ADS shall have thirty (30) days after receipt of such notice to remedy the situation prior to the Constructive Termination being deemed final; or (e) ADS terminates this Agreement for cause, with said cause being defined as a conviction of a felony or Executive's being prevented from providing services hereunder as a result of Executive's violation of any law, regulation and/or rule.
Sample 1
Executive’s Constructive Termination. For purposes of this Agreement, “Constructive Termination” shall be defined as a material breach by ADS of its obligations under this Agreement, including but not limited to (i) any reduction of Executive’s Base Salary or incentive compensation as provided herein, (ii) a diminution in duties or position, (iii) moving Executive’s workplace away from headquarters or moving headquarters outside of Palm Beach, Broward or Dade Counties. If Executive chooses to treat such material breach as a Constructive Termination, Executive shall provide ADS with written notice describing the circumstances being relied upon by Executive for such termination with respect to this Agreement within thirty (30) days after the event giving rise to the Constructive Termination. ADS shall have thirty (30) days after receipt of such notice to remedy the situation prior to the Constructive Termination being deemed final;
Sample 1
AutoNDA by SimpleDocs

Related to Executive’s Constructive Termination

  • Constructive Termination The Executive may terminate his employment for Constructive Termination.

  • Termination of Executives Employment Termination of Executive's Employment means that (i) the Company has terminated Executive's employment with the Company (including any subsidiary of the Company) other than for Cause (as defined in Section 6.2), death or Disability (as defined in Section 6.4), or (ii) Executive, by written notice to the Company, has terminated his employment with the Company (including any subsidiary of the Company) for Good Reason (as defined below). For purposes of this Agreement, "Good Reason" means:

  • Termination without Cause or Resignation for Good Reason in Connection with a Change of Control If the Company terminates Executive’s employment with the Company without Cause or if Executive resigns from such employment for Good Reason, and such termination occurs within the period beginning three (3) months before, and ending twelve (12) months following, a Change of Control, and Executive signs and does not revoke a release of claims with the Company (in a form reasonably acceptable to the Company) and provided that such release of claims becomes effective no later than the Release Deadline, then subject to this Section 3, Executive will receive the following:

  • Termination Without Cause or Termination for Good Reason (a) The Company may terminate the Executive's employment hereunder without Cause, and the Executive shall be permitted to terminate his employment hereunder for Good Reason (as hereinafter defined). If the Company terminates the Executive's employment hereunder without Cause, other than due to death or Disability, or if the Employee effects a termination for Good Reason, the Executive shall be entitled to receive all the benefits provided for under Section 3.6 of this Agreement.

  • Good Reason Termination Good Reason Termination means a Termination of Employment initiated by Participant that is related to one or more conditions described in subsection (a), and that is subject to the timing, notice and remedy provisions of subsection (b):

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

Time is Money Join Law Insider Premium to draft better contracts faster.