Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to Xxxxx, to terminate the employment of Xxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxx for twelve (12) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Xxxxx.
Removal Without Cause. The Manager may be removed for any reason (or for no reason) upon the affirmative vote of a Majority-in-Interest of each Class of the Members.
Removal Without Cause. The President, Cerro Coso College, serves in the administrative assignment at the pleasure of the Board and may be removed from such assignment by the Chancellor, without cause or any reason after thirty (30) days advance written notice, or as otherwise agreed to by both parties. The President shall have no right of appeal or any other rights except as set forth and herein or otherwise required by law. In consideration for the exercise of this right, the District shall pay to the President the sum of $1. The parties agree that the payments made pursuant to this termination without cause provision, along with the District's agreement to allow the President to retreat to a faculty position, constitutes reasonable liquidated damages for the President, fully compensates the President for all tort, contract, and other damages of any nature whatsoever, whether in law or equity, and does not result in a penalty. The parties agree that this provision meets the requirements governing maximum cash settlements as set forth in Government Code sections 53260 et seq.
Removal Without Cause. If Participant is terminated as an employee by the Company without cause, all Restricted Stock shall become vested as of the date of the Participant's termination.
Removal Without Cause. The Interim President serves in the administrative assignment at the pleasure of the Board and may be removed from such assignment by the Chancellor, without cause or any reason after thirty (30) days’ advance written notice, or as otherwise agreed to by both parties. The Interim President shall have no right of appeal or any other rights except as set forth herein or otherwise required by law. In consideration for the exercise of this right, the District shall pay to the Interim President the sum of $1. The parties agree that the payments made pursuant to this termination without cause provision, along with the District's agreement to allow the Interim President to retreat to a year one faculty position as constitutes reasonable liquidated damages for the Interim President, fully compensates the Interim President for all tort, contract, and other damages of any nature whatsoever, whether in law or equity, and does not result in a penalty. The parties agree that this provision meets the requirements governing maximum cash settlements as set forth in Government Code section 53260 et seq.
Removal Without Cause. In the event that (a) Mx. Xxxxxxx is removed from the Board without cause, or (b) the Company’s shareholders fail to elect Mx. Xxxxxxx to the Board at any Annual General Meeting occurring during the Term of this Agreement, then this Agreement shall immediately terminate, and Mx. Xxxxxxx shall have no further obligations of any kind under or arising out of this Agreement. The Company shall be obligated to pay Mx. Xxxxxxx the following:
(i) within sixty (60) days of the Agreement’s termination date, a lump sum cash payment equal to the remainder of the Retainer payments that Mx. Xxxxxxx would have earned had he remained on the Board for the entire Term of this Agreement, subject to a maximum payment of One Million Five Hundred Thousand Dollars ($1,500,000);
(ii) all outstanding Director Fees earned but not yet paid up to the date of termination; and
(iii) all reimburseable out-of-pocket expenses incurred by Mx. Xxxxxxx in connection with his duties but not yet paid.
Removal Without Cause. If at any time less than the entire Board of Directors is to be removed, no Director may be removed from office without cause if the votes cast against his removal would be sufficient to elect him as a Director if then cumulatively voted at an election of the entire Board of Directors.
Removal Without Cause. Access shall have the right at any time and for any reason to terminate the employment of Employee hereunder. If such termination by Access is not by reason of disability pursuant to Paragraph (b) of this Section 9 or for cause pursuant to Paragraph (c) of this Section 9, Employee's Base Salary and other benefits hereunder at the time of such termination shall continue until the later of (i) the date which is two years after the date of this Agreement or (ii) the end of the month in which such termination occurs.
Removal Without Cause. On or after the sixth anniversary of the initial Closing Date, by a vote of a majority-in-Interest of the Limited Partners, effective as of the date not less than 180 days from the date of notice to the General Partner of such removal, the Limited Partners may require the removal of the General Partner from the Partnership. Such removal shall only become effective upon the appointment of a Replacement General Partner.
Removal Without Cause. The Vice President, Workforce and Economic Development serves in the administrative assignment at the pleasure of the Board and may be removed from such assignment and reassigned by the Board without cause after THIRTY (30) days advance written notice, or as otherwise mutually agreed by both parties for the remainder of the term of this Contract.
