Common use of Other Termination by the Company Clause in Contracts

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of nine-months following the date of termination of employment, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 3 contracts

Samples: Employment Agreement (Eye Care Centers of America Inc), Employment Agreement (Eye Care Centers of America Inc), Employment Agreement (Eye Care Centers of America Inc)

AutoNDA by SimpleDocs

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of nine-NINE months following the date of termination of employment, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 2 contracts

Samples: Employment Agreement (Eye Care Centers of America Inc), Employment Agreement (Eye Care Centers of America Inc)

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of nine-twelve (12) months following the date of termination of employment, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, subsidiaries affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 1 contract

Samples: Employment Agreement (Eye Care Centers of America Inc)

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of nine-months following the date of termination of employment, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 1 contract

Samples: Employment Agreement (Eye Care Centers of America Inc)

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of nine-nine months following the date of termination of employment, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 1 contract

Samples: Employment Agreement (Eye Care Centers of America Inc)

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of nineTWENTY-FOUR months following the date of termination of employment, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 1 contract

Samples: Employment Agreement (Eye Care Centers of America Inc)

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of ninetwenty-four months following the date of termination of employment, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's ’s employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's ’s obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 1 contract

Samples: Employment Agreement (Eye Care Centers of America Inc)

AutoNDA by SimpleDocs

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of nine-months following the date of termination of employment, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's ’s employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's ’s obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 1 contract

Samples: Employment Agreement (Eye Care Centers of America Inc)

Other Termination by the Company. The Company -------------------------------- may terminate this ---------------------------------- Agreement the Employee's employment at any time during the Term for whatever reason it deems appropriate or without "Cause" by providing written notice to Employee. If reason; provided, however, that in the Company terminates this Agreement at any time without Cause (i.e., other than event that such termination is not pursuant to Section 8(b) or 8(c) above)6.1, 6.2, 6.3, or the Company elects not to renew the Term as provided in Section 2 hereof6.6, the Company shall continue to pay to the Employee his Base Salary the salary provided for a in Section 3.1 for the remainder of the Term (the period of nine-months following time during which the date of termination of employmentCompany shall be required to continue to pay such salary, the timing "Salary Continuation Period"). In addition, under such circumstances, the Company shall pay to the Employee the bonus otherwise payable to the Employee pursuant to Section 3.2 of this Agreement for the fiscal year of the Company in which such termination occurs. Rights and manner benefits of such payments to the Employee under the benefit plans and programs of the Company shall be determined in accordance with the salary payment arrangements provisions of such plans and programs. Neither the Employee nor the Company shall have any further rights or obligations under this Agreement, except as provided in effect Sections 3.3, 7, 8, 9, 10 and 11 hereof and in or pursuant to any other benefit or option plan of the Company or the Parent in which the Employee participates." D. Section 6 of the Employment Agreement is hereby amended by adding the following new Sections 6.5, 6.6 and 6.7 at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).end thereof:

Appears in 1 contract

Samples: Employment Agreement (McNaughton Apparel Group Inc)

Other Termination by the Company. The Company may terminate this ---------------------------------- Agreement at any time without "Cause" by providing written notice to Employee. If the Company terminates this Agreement at any time without Cause (i.e., other than pursuant to Section 8(b) or 8(c) above), ) or the Company elects not to renew the Term as provided in Section 2 hereof, the Company shall continue to pay Employee his Base Salary for a period of nine-twelve (12) months following the date of termination of employmentemployment under this Agreement, the timing and manner of such payments to be in accordance with the salary payment arrangements in effect at the time of such termination. Employee shall be required to comply with Section 6. It shall be a condition precedent of payment to Employee of such continued payments pursuant to this subsection (d) that the Employee execute a full and complete release of the Company, each of its subsidiaries, affiliates and their respective past, present and future officers, directors, employees, consultants, attorneys, agents and shareholders, in form and substance reasonably acceptable to the Company, of any claims Employee may have against any of them, to the extent such claims arise from Employee's employment hereunder. Notwithstanding any provision in this Agreement to the contrary, the Company's obligations to make payments pursuant to this Section 8(d) shall immediately terminate in the event that the Employee engages in any of the Competitive Activities (even if Section 6(b) is not applicable due to termination of employment without Cause).

Appears in 1 contract

Samples: Employment Agreement (Eye Care Centers of America Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!