Involuntary Terminations Sample Clauses

Involuntary Terminations. This Appendix C will not apply to employees of the Company or its Affiliates who enter into a severance agreement with the Company or its Affiliates or other involuntary terminations as determined by the Company (excluding terminations covered by Section C1(e)).
AutoNDA by SimpleDocs
Involuntary Terminations. Except in the case of a discharge for ------------------------ cause, in the event that Xxxx Atlantic discharges the Key Executive, or the Key Executive is "constructively discharged" (as hereinafter defined), prior to the end of the Term of Employment, then the Key Executive shall be entitled to receive, as liquidated damages, subject to signing and delivering the Release (attached as Exhibit A), the following payments, credits and benefits in lieu of any payment, credit, or benefit otherwise provided in Sections 2, 5 and 6 of this Agreement, provided that each payment, credit and benefit shall be contingent upon the absence, at the time such payment, credit or benefit is due, of any act that would constitute a material breach of this Agreement:
Involuntary Terminations. This Section V will not apply to employees of the Company who enter into a severance agreement with the Company or other involuntary terminations as determined by the Company (excluding terminations covered by Paragraph 2(e)).
Involuntary Terminations. In the event that a Xxxx Atlantic Company ------------------------ discharges the Key Employee other than for Cause, and either (i) the Merger subsequently occurs pursuant to the Definitive Agreement, or (ii) the Definitive Agreement is terminated without the Merger occurring, then Xxxx Atlantic shall cause the Key Employee's last employing Xxxx Atlantic Company to pay the Key Employee a bonus equal in amount to the Stay Bonus or Adjusted Stay Bonus which would otherwise have become payable under Section 1 (a) or (b) of this Agreement, provided that the payment of such bonus shall be contingent upon the absence, at the time of payment, of any act by the Key Employee that would constitute a material breach of this Agreement, and provided further that the date of discharge shall be substituted for the dates described in Section 1 (a) or (b) for purposes of calculating the dollar amount of such bonus. Such bonus shall be paid not later than the date on which the Stay Bonus or Adjusted Stay Bonus would otherwise have become payable.
Involuntary Terminations. This Agreement will not apply to employees of the D&B Group who enter into a severance agreement with the D&B Group or other involuntary terminations as determined by D&B (excluding terminations covered by paragraph b(5)).
Involuntary Terminations. To the extent that the voluntary terminations provided for in subsection (l)(2) above do not achieve the Employer’s reduction goal of 120 Employees, the Employer may determine which Employees will be involuntarily terminated without regard to seniority. The Employer will advise in writing, with a copy to the Guild, each Employee the Employer chooses for involuntary termination. Upon the request of an Employee who elects not to take a termination payment incentive as provided below, the Employer shall provide a statement of the reason(s) the Employer selected the Employee for involuntary termination. The Employer may condition an Employee’s acceptance of a termination incentive payment on the Employee’s signing a separation agreement and general release in a form acceptable to the Employer. Employees terminated pursuant to this subsection will be offered outplacement assistance selected and paid for by the Employer.
Involuntary Terminations. In the event that, at any time other than following a Change in Control, the Participant incurs an involuntary termination of service other than for “Cause” or the Participant terminates employment for “Good Reason”, then one-half of the RSUs that are unvested as of the date of such termination will automatically accelerate, and the Participant will, upon the date of such termination, become vested in such RSUs.
AutoNDA by SimpleDocs
Involuntary Terminations. In the event that a Xxxx Atlantic ------------------------ Company discharges the Key Executive other than for cause, or the Key Executive is constructively discharged, and the Merger subsequently occurs pursuant to the Definitive Agreement, then the Key Executive shall be entitled to receive, as liquidated damages (in addition to the damages provided for in Section 7(c) of the Agreement), a single cash payment which shall be equal (before withholding of taxes) to the Stay Bonus which would otherwise have become payable under Section 2(a) of this Amendment, provided that such cash payment shall be contingent upon the absence, at the time of payment, of any act by the Key Executive that would constitute a material breach of the Agreement, and provided further that the date of discharge shall be substituted for the Closing Date of the Merger for purposes of calculating the dollar amount of such payment. Such payment shall be made not later than 30 calendar days following the Closing Date.
Involuntary Terminations. From the date of this Agreement to the Closing Date, NetGenesis will not involuntarily terminate the employment of any officer or other employee without the prior written (except as provided in subsection (ii) below) consent of SPSS, which consent (i) shall not be unreasonably withheld, and (ii) shall be deemed to have been given if SPSS does not object to such termination prior to the close of business on the second business day following the date on which it received written notification from NetGenesis of the proposed termination.
Involuntary Terminations. In the event that the Executive ceases to be employed by the Company by reason of the termination of Executive's employment pursuant to Section 8.01, Section 8.02 or Section 8.03 below, then he shall not be entitled to any compensation, nor shall the Company have any obligation to pay any sum or have any liability to Executive whether as compensation for his services or as a result or by reason of such termination of employment, other than (i) any unpaid installment of his then current Annual Base Salary which has accrued for services rendered by him through the date of such termination, and (ii) only in the event of the termination of Executive's employment pursuant to Section 8.01 or Section 8.02 hereof, any undistributed bonus that had been awarded to Executive under any bonus plan for any years prior to the year in which such termination occurred, provided that the payment thereof is not contingent or conditional on Executive's continued employment with the Company or the satisfaction of any other condition that is unsatisfied, pursuant to the plan or plans under which such bonus or bonuses were awarded. All payments required to be made by the Company to the Executive pursuant to this Section 5.01 shall be paid in accordance with the Company's normal payroll procedures and policies and shall be subject to the provisions of Section 12.03 hereof.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!