Notice of Termination by Executive Sample Clauses

Notice of Termination by Executive. Any termination by Executive under this Section 8 shall be communicated by written notice to Company which shall set forth generally the facts and circumstances claimed to provide a basis for such termination.
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Notice of Termination by Executive. It is reasonable and necessary to provide a smooth transition if the Executive chooses to leave the Company. Consequently, the Executive agrees to provide the Company with 90 days prior written notice of his intent to terminate his employment (the “Notice Period”); provided that such Notice Period will not apply if the Executive terminates his employment
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Notice of Termination by Executive. Executive may terminate his employment under this Agreement by delivering written notice (“Executive’s Notice of Termination”) of such termination at least sixty (60) days in advance of the intended termination date. If Executive terminates for “good reason”, Executive’s Notice of Termination must (i) indicate the specific termination provision in this Agreement relied upon, (ii) set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive's employment under the provision so indicated, and (iii) specify the intended termination date to the Company. The termination shall be treated as a termination for “good reason” if Executive satisfies these requirements for the Executive’s Notice of Termination and the termination occurs within ninety (90) days following the occurrence of any of the following: (i) the Company, without the consent of the Executive, assigns to the Executive duties inconsistent with or reduces the powers and functions associated with, Executive’s position, duties, responsibilities and status with the Company or the Company other than that associated with the failure of Executive to be reelected to the Board; or (ii) the Company materially breaches any provision of this Agreement, which is not cured by the Company within the period specified in Executive’s Notice of Termination.
Sample 1
Notice of Termination by Executive. Executive may terminate his employment under this Agreement for Good Reason at any time by delivering at least sixty (60), but in no event more than ninety (90) days prior written notice (the “Executive’s Notice of Termination”) that indicates the specific termination provision in this Agreement relied upon, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive's employment under the provision so indicated, and specifies the intended termination date to the Company, following the occurrence of any of the following: (i) the Company, without the consent of the Executive, assigns to the Executive duties inconsistent with or reduces the powers and functions associated with Executive’s position, reporting relationship to the then current Chief Executive Officer, status with the Company or a material and adverse change in Executive's titles or offices with the Company; (ii) an involuntary reduction of Executive’s Base Salary or annual target bonus opportunity; (iii) any requirement of the Company that Executive be based at a location more than fifty (50) miles from the Company’s corporate offices located in the Bradenton/Sarasota metropolitan area; or (iv) the Company materially breaches any provision of this Agreement that is not cured by the Company within the period specified in Executive’s Notice of Termination. An isolated, insubstantial and inadvertent action taken in good faith and which is remedied by the Company within ten (10) days after receipt of notice thereof given by Executive shall not constitute Good Reason. Executive's right to terminate employment for Good Reason shall not be affected by Executive's incapacities due to mental or physical illness and Executive's continued employment shall not constitute consent to, or a waiver of rights with respect to, any event or condition constituting Good Reason; provided, however, that Executive must provide notice of termination of employment within thirty (30) days following Executive's knowledge of an event constituting Good Reason or such event shall not constitute Good Reason under this Agreement.
Sample 1
Notice of Termination by Executive. Executive may terminate his employment under this Agreement at any time by delivering at least sixty (60), but in no event more than ninety (90) days prior written notice (the "Executive's Notice of Termination") that (i) indicates the specific termination provision in this Agreement relied upon, (ii) sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive's employment under the provision so indicated, and (iii) specifies the intended termination date to the Company, following the occurrence of any of the following: (i) the Company, without the consent of the Executive, assigns to the Executive duties inconsistent with or reduces the powers and functions associated with, Executive's position, duties, responsibilities and status with the Company or the Company other than that associated with the failure of Executive to be reelected to the Board; or (ii) the Company materially breaches any provision of this Agreement, which is not cured by the Company within the period specified in Executive's Notice of Termination.
Sample 1
Notice of Termination by Executive. It is reasonable and necessary to provide a smooth transition if the Executive chooses to leave the Company. Consequently, the Executive agrees to provide the Company with 90 days prior written notice of his intent to terminate his employment (the “Notice Period”); provided that such Notice Period will not apply if the Executive terminates his employment for Good Reason (as defined in Section 3(d) below). The Company may elect to place the Executive on paid leave for all or any part of such Notice Period. Notwithstanding anything to the contrary in this paragraph, in the event the Executive is terminating his employment to run for a full-time elected position or to accept a full-time appointed position, in each case in federal government, state government or in a national political party, the Notice Period will be 30 days (instead of 90 days) prior written notice of the Executive’s intent to terminate, and the Company may elect to waive such Notice Period.
Sample 1

Related to Notice of Termination by Executive

  • Termination by Executive The Executive may terminate his employment hereunder at any time for any reason by giving the Company prior written notice not less than 30 days prior to such termination. Any termination pursuant to this paragraph 3(e) shall preclude a later claim that such termination was for Good Reason.

  • Notice of Termination by Employee (a) The notice of termination required to be given by an employee is the same as that required of an Employer, save and except that there is no requirement on the employee to give additional notice based on the age of the employee concerned. (b) If an employee fails to give the notice specified in 6. 1.1 the Employer has the right to withhold monies due to the employee to a maximum amount equal to the ordinary time rate of pay for the period of the notice.

  • Notice of Termination by Employer (a) In order to terminate the employment of an employee the employer must give to the employee the following notice: Period of Service Period of Notice

  • Termination by Executive with Good Reason Executive may terminate his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within ninety (90) days of Executives knowledge of occurrence of such event. During such thirty (30) day notice period, the Company shall have a cure right, and if not cured within such period, Executive’s termination will be effective upon the expiration of such cure period, and Executive shall be entitled to the same payments and benefits as provided in Section 8(d) hereof for a termination by the Company without Cause, subject to the same conditions on payment and benefits as described in Section 8(d) hereof. Following such termination of Executive’s employment by Executive with Good Reason, except as set forth in this Section 8(e), Executive shall have no further rights to any compensation or any other benefits under this Agreement. For the avoidance of doubt, Executive’s sole and exclusive remedy upon a termination of employment with Good Reason shall be receipt of the Severance Benefits.

  • Voluntary Termination by Executive The Executive may voluntarily terminate his employment for any reason and such termination shall take effect 30 days after the receipt by Company of the Notice of Termination. Upon the effective date of such termination, Executive shall be entitled to (a) accrued and unpaid Salary and vacation through such termination date; and (b) all other compensation and benefits that were vested through such termination date. In the event Executive is terminated without notice, it shall be deemed a termination by the Company for Cause.

  • Resignation by Executive (a) Executive may resign from Executive’s employment with the Company at any time, in accordance with Section 6.6, by giving notice as described in Section 7.1. (b) In the event Executive resigns from Executive’s employment with the Company for any reason other than Good Reason in accordance with Sections 6.1 or 6.2, Executive will not receive Severance Benefits, Change in Control Severance Benefits, or any other severance compensation or benefits, except that, pursuant to the Company’s standard payroll policies, the Company shall pay to Executive the Accrued Obligations.

  • Termination by Executive for Good Reason The Executive may terminate the Executive’s employment for Good Reason. For purposes of this Agreement, “Good Reason” shall mean, without the Executive’s consent, the following:

  • Termination by Executive without Good Reason The Executive may terminate his employment without Good Reason by providing the Company thirty (30) days’ written notice of such termination. In the event of a termination of employment by the Executive under this Section 6(g), the Executive shall be entitled only to the Accrued Obligations. In the event of termination of the Executive’s employment under this Section 6(g), the Company may, in its sole and absolute discretion, by written notice, accelerate such date of termination and still have it treated as a termination without Good Reason.

  • Termination by Executive other than for Good Reason Executive’s employment may be terminated by Executive without further liability on the part of Executive (other than with respect to those provisions of this Agreement expressly surviving such termination) by written notice to the Board of Directors at least sixty (60) days prior to such termination; provided, however, the Company may waive the notice period and accelerate the termination date without converting the Termination by Executive into a Termination by the Company.

  • Assistance by Executive During the period of Executive’s employment by Company and thereafter, Executive shall assist Company and its nominee, at any time, in the protection of Company’s (or its affiliates’) worldwide right, title and interest in and to Work Product and the execution of all formal assignment documents requested by Company or its nominee and the execution of all lawful oaths and applications for patents and registration of copyright in the United States and foreign countries.

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