Common use of Notice of Termination by the Company Clause in Contracts

Notice of Termination by the Company. Any termination by the Company of the Covered Person’s employment with the Company at any time following a Change of Control shall be communicated by notice of termination to the Covered Person at least five (5) days prior to the date of such termination, given in accordance with Section 8(a) of this Agreement. Such notice shall specify the termination date and whether the termination is considered by the Company to be for Cause as defined in Section 4(c) in which case the Company shall identify the specific subsection(s) of Section 4(c) asserted by the Company as the basis for the termination and shall set forth in reasonable detail the facts and circumstances relied upon by the Company in categorizing the termination as for Cause.

Appears in 3 contracts

Samples: Employee Retention and Motivation Agreement (Progress Software Corp /Ma), Employee Retention and Motivation Agreement (Progress Software Corp /Ma), Employee Retention and Motivation Agreement (Progress Software Corp /Ma)

AutoNDA by SimpleDocs

Notice of Termination by the Company. Any termination by the Company of the Covered PersonEmployee’s employment with the Company at any time following a Change of Control shall be communicated by a notice of termination to the Covered Person Employee at least five thirty (530) days prior to the date of such termination; provided, given however, that the Company may, in accordance its discretion, direct Employee to not provide services to the Company during such period (but, in such case, the Company shall continue providing Employee with Section 8(a) of this Agreementcompensation and benefits during such period). Such notice shall specify the termination date and whether the termination is considered by the Company to be for Cause as defined in Section 4(c) in which case the Company shall identify indicate the specific subsection(s) of Section 4(c) asserted by the Company as the basis for the termination and provision or provision in this Agreement relied upon (if any), shall set forth in reasonable detail the facts and circumstances relied upon by claimed to provide a basis for termination under the Company in categorizing indicated provisions, and shall specify the termination date, and shall specify the amounts and type of compensation and benefits to be provided to Employee as for Causea result of the termination.

Appears in 2 contracts

Samples: Executive Employment Agreement (Track Group, Inc.), Executive Employment Agreement (Track Group, Inc.)

Notice of Termination by the Company. Any termination by the Company of the Covered PersonExecutive’s employment with the Company at any time following a Change of Control shall be communicated by notice of termination to the Covered Person Executive at least five (5) days prior to the date of such termination, given in accordance with Section 8(a7(a) of this Agreement. Such notice shall specify the termination date and whether the termination is considered by the Company to be for Cause as defined in Section 4(c4(a) in which case the Company shall identify the specific subsection(s) of Section 4(c4(a) asserted by the Company as the basis for the termination and shall set forth in reasonable detail the facts and circumstances relied upon by the Company in categorizing the termination as for Cause.

Appears in 1 contract

Samples: Form of Executive Severance Agreement (Progress Software Corp /Ma)

Notice of Termination by the Company. Any termination by the Company of the Covered Person’s employment with the Company at any time following a Change of in Control shall be communicated by notice of termination to the Covered Person at least five (5) days prior to the date of such termination, given in accordance with Section 8(a) of this Agreement. Such notice shall specify the termination date Termination Date and whether the termination is considered by the Company to be for Cause as defined in Section 4(c4(a) in which case the Company shall identify the specific subsection(s) of Section 4(c4(a) asserted by the Company as the basis for the termination and shall set forth in reasonable detail the facts and circumstances relied upon by the Company in categorizing the termination as for Cause.

Appears in 1 contract

Samples: Employee Retention and Motivation Agreement (Digital River Inc /De)

Notice of Termination by the Company. Any termination by the Company of the Covered Person’s employment with the Company at any time following a Change of Control shall be communicated by notice of termination to the Covered Person at least five (5) days prior to the date of such termination, given in accordance with Section 8(a) of this Agreement. Such notice shall specify the termination date and whether the termination is considered by the Company to be for Cause as defined in Section 4(c) in which case the Company shall identify the specific subsection(s) of Section 4(c) asserted by the Company as the basis for the termination and shall set forth in reasonable detail the facts and circumstances relied upon by the Company in categorizing the termination as for Cause.. (c)

Appears in 1 contract

Samples: Retention and Motivation Agreement

AutoNDA by SimpleDocs

Notice of Termination by the Company. Any termination by the Company of the Covered PersonEmployee’s employment with the Company at any time following a Change of Control shall be communicated by a notice of termination to the Covered Person Employee at least five thirty (530) days prior to the date of such terminationtermination; provided, given however, that the Company may, in accordance its discretion, direct Employee to not provide services to the Company during such period (but, in such case, the Company shall continue providing Employee with Section 8(a) of this Agreementcompensation and benefits during such period). Such notice shall specify the termination date and whether the termination is considered by the Company to be for Cause as defined in Section 4(c) in which case the Company shall identify indicate the specific subsection(s) of Section 4(c) asserted by the Company as the basis for the termination and provision or provision in this Agreement relied upon (if any), shall set forth in reasonable detail the facts and circumstances relied upon by claimed to provide a basis for termination under the Company in categorizing indicated provisions, and shall specify the termination date, and shall specify the amounts and type of compensation and benefits to be provided to Employee as for Causea result of the termination.

Appears in 1 contract

Samples: Executive Employment Agreement

Notice of Termination by the Company. Any termination by the Company of the Covered Person’s Employee's employment with the Company at any time following a Change of Control shall be communicated by notice of termination to the Covered Person Employee at least five (5) days prior to the date of such termination, given in accordance with Section 8(a) of this Agreement. Such notice shall specify the termination date and whether the termination is considered by the Company to be for Cause as defined in Section 4(c) in which case the Company shall identify the specific subsection(s) of Section 4(c) asserted by the Company as the basis for the termination and shall set forth in reasonable detail the facts and circumstances relied upon by the Company in categorizing the termination as for Cause.

Appears in 1 contract

Samples: Employee Retention and Motivation Agreement (Progress Software Corp /Ma)

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