Involuntary Termination; Not for Cause Termination Clause Samples
The "Involuntary Termination; Not for Cause Termination" clause defines the circumstances and procedures under which an employer may terminate an employee's employment without the employee having engaged in misconduct or violating company policy. Typically, this clause outlines the notice period, severance pay, and any benefits the employee is entitled to receive upon such termination. Its core function is to provide a clear framework for ending employment relationships in situations where the termination is not due to the employee's fault, thereby protecting both parties and reducing the risk of disputes.
Involuntary Termination; Not for Cause Termination. If the Employee's employment is terminated as a result of Involuntary Termination (whether such termination is initiated by the Company or by the Employee), or as a result of termination by the Company other than for Cause, then the Employee shall receive the following severance benefits from the Company:
Involuntary Termination; Not for Cause Termination. If the Employee's employment is terminated as a result of Involuntary Termina- tion (whether such termination is initiated by the Company or by the Employee), or as a result of termination other than for Cause, then the Employee shall receive the following severance benefits from the Company: 1) Severance Payment. A cash payment (or payments) in an amount equal to seventy-five percent (75%) of the Employee's Base Pay.
Involuntary Termination; Not for Cause Termination. If the Employee's employment is terminated as a result of Involuntary Termination (whether such termination is initiated by the Company or by the Employee), or as a result of termination other than for Cause, then the Employee shall receive from the Company a severance payment (or payments) in cash in an amount equal to [six hundred or twelve hundred] percent [(600%) or (1200%)] of the Employee's Monthly Base Pay. The Employee shall not be entitled to and the Company shall not obligated to provide any employee benefits to Employee other than those required by law.