For Cause, Voluntary Termination, or Disability Sample Clauses
This clause defines the conditions under which an agreement or employment may be terminated due to specific reasons such as misconduct (for cause), by choice of either party (voluntary termination), or due to the incapacity of a party (disability). In practice, it outlines the procedures and requirements for ending the relationship in each scenario, such as notice periods, documentation of cause, or medical verification of disability. The core function of this clause is to provide clear guidelines for ending the agreement under these circumstances, thereby reducing uncertainty and potential disputes.
For Cause, Voluntary Termination, or Disability. If ▇▇▇ terminates Employee’s employment for Cause, or if Employee terminates by Voluntary Termination, or if either party terminates this Agreement due to Employee’s Disability, Employee shall be entitled to receive in a cash lump sum payment (less normal and customary deductions and withholdings) an amount equal to all accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination (such payment shall be made within the time period required by applicable law, but in no event later than thirty (30) days following the date of termination).
For Cause, Voluntary Termination, or Disability. If NutraCea terminates Employee’s employment for Cause, or if Employee terminates by Voluntary Termination, or if either party terminates this Agreement due to Employee’s Disability: (a) Employee shall be entitled to receive in a cash lump sum payment (less normal and customary deductions and withholdings) an amount equal to all accrued but unpaid compensation (including accrued but unused vacation leave) as of the date of such termination (such payment shall be made within the time period required by applicable law, but in no event later than thirty (30) days following the date of termination); and (b) all unvested portion of the Option (as defined below) shall terminate effective as of the date of termination, and, subject to Section 4.3, all vested portions of the Option shall remain outstanding and exercisable for ninety (90) days following the date of termination.