Resignation and Discharge. Employee may resign by giving two weeks' written notice to Company before resigning. Employee's death will constitute a voluntary resignation. Company may discharge Employee without cause upon two weeks' notice. If the Employment Period is terminated by resignation or discharge without cause, Employee will be paid Employee's salary on a pro-rata basis through the effective date of resignation or discharge ("Effective Date"), and if requested by Company, employee will continue to render Employee's services through the Effective Date. If Employee refuses, upon Company's requests, or fails to render services competently and in good faith to the Company's benefit through the Effective Date, Company may deem the Effective Date to be the date of refusal or failure, as the case may be. If during the Employment Period, Employee violates any provision or restriction or fails to perform any obligation contained in this Employment Agreement or in any Company policy or Company employment manual or practice, or, unless otherwise provided by Company policy or Company employment manual, (a) is reasonably believed by Company (i) to have failed to comply with any employment or nondiscrimination or similar law, regulation or policy, (ii) to abuse, as determined by the Company, alcohol or to use drugs, (other than as prescribed by Employee's physician), or (b) refuses to submit to testing for alcohol or drugs, or (c) is reasonably believed by Company to have committed or is charged with any felony or misdemeanor (except minor traffic violations and similar offenses), Company may immediately discharge Employee without liability for salary after the date of the discharge and without any other liability to Employee. In no event will Employee be entitled, upon resignation or discharge with or without cause, to payment for sick leave or similar benefits of any kind unless required by law or otherwise provided in a policy or employment manual adopted by the Board of Directors of Company.
Resignation and Discharge. Employee may resign or be discharged pursuant to the terms of this paragraph. If Employee (i) resigns, Employee must give 30 days’ notice to Company; (ii) is discharged for cause (as later defined), Company may discharge Employee immediately, without notice; or (iii) is discharged not for cause from his responsibilities, Company must give 30 days’ notice to Employee. If Employee is discharged not for cause, Employee will be paid severance pay equal to six month’s base pay in effect at the time of termination payable in monthly installments. For purposes of this paragraph, “for cause” means that during the Employment Period, Employee, unless otherwise provided by Company policy or Company employment manual, (a) is reasonably believed by Company (i) to have failed to comply with any law, regulation or policy, including without limitation securities or employment or non-discrimination or similar laws, regulations or policies, and that failure causes a significant financial, regulatory, operational or public perception detriment to Company, (ii) to abuse, as determined by the Company, alcohol or to use drugs, (other than as prescribed by Employee’s physician), or (b) refuses to submit to testing for alcohol or drugs, or (c) is reasonably believed by Company to have committed or is charged with any felony or misdemeanor involving moral turpitude, or (d) through willful neglect, gross negligence, or malfeasance causes a significant financial, regulatory, operational or public perception detriment to Company. A determination by the Board of Directors that Employee has failed to perform Employee’s responsibilities to the satisfaction of the Board of Directors, without one or more of the other elements set out in this paragraph, is not “for cause”.
Resignation and Discharge. 19.1.4.1 An employee who terminates his employment of his own volition or who is discharged by the Contractor shall be provided with transportation as follows:
Resignation and Discharge. (a) The Valuation Agent may at any time resign and be discharged of the duties and obligations created by this Agreement by giving at least sixty (60) days' written notice to the Borrower, Concord, the Trustee and the Agent.
Resignation and Discharge. 4 Section 2.04. Term of Agreement........................................... 4 ARTICLE III CALCULATIONS
Resignation and Discharge. The Escrow Agent may resign and be discharged from its duties hereunder at any time by giving notice of such resignation to Party B and Party A specifying a date not less than ten (10) Business Days following the date of such notice when such resignation will take effect (subject to the provisions of this Section 7). Upon such notice, a successor escrow agent that is a commercial bank with unimpaired capital of at least $50,000,000 will be selected by Party B, subject to the approval of Party A (which approval will not be unreasonably withheld), such successor escrow agent to become the Escrow Agent hereunder upon the resignation date specified in such notice. If Party B and Party A are unable to agree upon a successor escrow agent within ten (10) Business Days after the date of such notice or the chosen successor fails to accept the escrow, the Escrow Agent may apply, at the sole expense of Party A and Party B, jointly and severally (including all fees, costs and expenses (including attorneys' fees and expenses) incurred in connection with such petition), to a court of competent jurisdiction for the appointment of a successor escrow agent. The Escrow Agent will continue to serve hereunder until its successor accepts the escrow and acknowledges receipt of the funds held in the Escrow Account.
Resignation and Discharge. Employee may resign or be discharged pursuant to the terms of this paragraph. If Employee (i) resigns, Employee must give 30 days' notice to Company; (ii) is discharged for cause (as later defined), Company may discharge Employee immediately, without notice; or (iii) is discharged not for cause, Company must give 6 months' notice to Employee. In each of the above cases, severance pay will be paid and benefits accorded in accordance with the Company's written policies then in effect.
Resignation and Discharge. The Escrow Agent may resign and be discharged from its duties or obligations hereunder at any time by giving notice of such resignation to the Purchaser specifying a date (not less than 30 days after the giving of such notice) when such resignation shall take
Resignation and Discharge. Section 10.1. Notwithstanding anything to the contrary contained in this Agreement, the Escrow Agent (i) may resign from its duties under this Agreement by giving 30 days' prior written notice of such resignation to the other parties hereto and (ii) may be discharged from its duties under this Agreement upon receipt from the other parties hereto of 30 days' prior written notice of such discharge. Upon the effective date of such resignation or discharge of the Escrow Agent, and upon payment to the Escrow Agent of all amounts owed to it hereunder, the Proceeds held by the Escrow Agent shall be returned to the Trust or paid over to a substitute Escrow Agent that the Trust shall retain to perform the functions theretofore performed by the Escrow Agent under this Agreement, as the Trust shall direct the Escrow Agent in writing or in accordance with the directions of a final order or judgment or a court of competent jurisdiction, and the pro rata portion of the Escrow Agent's fee up to the effective date of resignation or discharge shall be paid by the Placement Agent. If a successor Escrow Agent has not been appointed or has not accepted such appointment within 30 days of notice of resignation or removal, the Escrow Agent may apply to a court of competent jurisdiction for the appointment of a successor Escrow Agent, or for other appropriate relief and the costs, expenses and reasonable attorney's fees and expenses which the Escrow Agent incurs in connection with such a proceeding shall be paid by the Managing Owner. In the absence of such directions, the Escrow Agent may return the Proceeds to the Trust.
Resignation and Discharge. Employee may resign or be discharged pursuant to the terms of this paragraph. If Employee (i) resigns, Employee must give 30 days' notice to Company; (ii) is discharged for cause (as later defined), Company may discharge Employee immediately, without notice; or (iii) is discharged not for cause from his responsibilities, Company must give 30 days' notice to Employee. If Employee is discharged not for cause, Employee will be paid severance pay equal to six month's base pay in effect at the time of termination payable in monthly installments.
