OBLIGATIONS UPON TERMINATION WITHOUT CAUSE Sample Clauses

OBLIGATIONS UPON TERMINATION WITHOUT CAUSE. In no event shall the Employee be terminated without cause during the first year of the Term. In the event the Employee's employment with Newco is terminated by Newco without cause, or Newco materially breaches this Agreement and the Employee terminates his employment as a result of such breach, the Employee shall receive as liquidated damages the amounts set forth in the following subsections (i) and (ii). The liquidated damages so received by the Employee shall not be limited or reduced by amounts that the Employee might otherwise earn or be able to earn during the period between termination of his employment under this agreement and payment of those liquidated damages. The provisions of this Section 7(b) shall be the Employee's sole and exclusive remedy in the event of such a termination.
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OBLIGATIONS UPON TERMINATION WITHOUT CAUSE. In the event of an employment termination by the Company during the Employment Period without Cause, in addition to the amounts and benefits set out in Section 5(a), the Company shall pay to the Executive as and for severance compensation the Exhibit “A” computation of severance compensation for the applicable periods. In addition to the severance compensation, Executive shall receive full vesting of any unvested options with such options to be exercisable for the remaining term of the option or one year from the date of Termination, whichever occurs first. All severance compensation due hereunder shall be contingent upon the Executive and Company executing a mutually acceptable employment termination agreement and mutual release, which such agreement shall not in any manner limit the compensation due Executive under this Section 5(b). A nonrenewal of employment shall be deemed a termination without cause for purposes of receiving the applicable Exhibit “A” severance compensation and the other benefits set forth in this paragraph 5(b).
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Related to OBLIGATIONS UPON TERMINATION WITHOUT CAUSE

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Actions Upon Termination Upon the termination of this Agreement, Issuer shall remove all references to any ODB Name, Branding and Content from the Issuer Site or Issuer Content and terminate all links on the Issuer Site to any ODB Site. ODB shall remove all references to Issuer Name, Branding and Content and terminate all links on the ODB Site to any Issuer Site. Each Party shall promptly return all Confidential Information, documents, manuals and other materials stored in any form or media (including but not limited to electronic copies) belonging to the other Party, except as may be otherwise provided in this Agreement or required by Law.

  • Termination Without Cause or Constructive Termination Without Cause In the event the Executive's employment is terminated without Cause, other than due to disability or death, or in the event there is a Constructive Termination Without Cause, the Executive shall be entitled to:

  • Effect of Termination Without Cause If Employee's employment is terminated "Without Cause":

  • Termination Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Company Obligations Upon Termination of Employment During the Term of this Agreement, the Company shall have the following obligations upon the termination of the Executive’s employment with the Company as described in this Section 5:

  • Termination by Corporation Without Cause Corporation may terminate Executive’s employment with Corporation without Cause for any reason or for no reason at any time by written notice to Executive.

  • Termination by the Company for Cause; Termination by the Executive without Good Reason (a) For purposes of this Agreement, “

  • Company Obligations upon Termination Upon termination of Executive’s employment pursuant to any of the circumstances listed in this Section 3, Executive (or Executive’s estate) shall be entitled to receive the sum of: (i) the portion of Executive’s Annual Base Salary earned through the Date of Termination, but not yet paid to Executive; (ii) any expense reimbursements owed to Executive pursuant to Section 2(e); and (iii) any amount accrued and arising from Executive’s participation in, or benefits accrued under any employee benefit plans, programs or arrangements, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements (collectively, the “Company Arrangements”). Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of Executive’s rights to salary, severance, benefits, bonuses and other compensatory amounts hereunder (if any) shall cease upon the termination of Executive’s employment hereunder. In the event that Executive’s employment is terminated by the Company for any reason, Executive’s sole and exclusive remedy shall be to receive the payments and benefits described in this Section 3(c) or Section 4, as applicable.

  • Termination by the Employer Without Cause Subject to the payment of Termination Benefits pursuant to Section 7(b), the Executive’s employment under this Agreement may be terminated by the Employer without Cause upon no less than sixty (60) days prior written notice to the Executive.

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