Retirement and Termination of Employment Sample Clauses

Retirement and Termination of Employment. Any Option granted to an employee, the period of which has not lapsed or expired, shall terminate at the time of the death of the Optionee to whom the Option was granted or on the retirement or termination for any reason of such Optionee's employment with the Company, and no shares may thereafter be delivered pursuant to such Option, except that:
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Retirement and Termination of Employment. This provision in the Agreement should also be coordinated with any employment agreements of the owners. The owners should decide if an economic penalty for early termi- nation is appropriate. Likewise, if there should be an incentive for owners to retire to allow for “new blood,” the Agreement should quantify that incen- tive. Those generally take the form of purchase price adjustments.
Sample 1
Retirement and Termination of Employment. Executive acknowledges his retirement and resignation as CEO of the Company and termination of the Amended Employment Agreement and his employment with the Company effective at 5:00 P.M. PST, April 30, 2013.
Sample 1
Retirement and Termination of Employment. Nxxxx’x retirement from the Company and his termination of employment as Vice-Chairman shall be deemed to have been effective as of the close of business on the Termination Date.
Sample 1
Retirement and Termination of Employment. Xxxxxx retired from the Company and his employment with the Company terminated effective at 11:59 p.m. Eastern Time on May 31, 2012 (the “Retirement Date”).
Sample 1
Retirement and Termination of Employment. Hira shall retire and his employment with UBICS will terminate on January 1, 2000 (the "Termination Date"). On the Termination Date, except as otherwise provided herein, the Employment Agreement shall terminate and be of no further force and effect and the parties shall be released from all of their obligations under the Employment Agreement. From the date hereof until the Termination Date, Hira shall continue to be employed by UBICS under, shall receive compensation and benefits pursuant to, and shall be bound by the other terms of, the Employment Agreement, except as otherwise provided herein.
Sample 1
Retirement and Termination of Employment. (a) The Company shall employ, and Executive agrees to continue to be employed until June 3, 2022 (the “Retirement Date”). (b) Executive shall be paid his regular base salary at the rate as in effect on the date hereof and shall continue to be eligible for all employee benefits for which he is eligible on the date hereof through the Retirement Date. During the period from the date hereof until the Retirement Date, Executive shall assist with the transition of his duties and responsibilities as requested. (c) For the purposes of this Agreement, (i) “Cause” shall mean (A) Executive’s willful misconduct, which, in the good faith judgment of the Company, has caused or is reasonably expected to result in material injury to the business performance or business reputation of the Company, (B) Executive’s willful failure to perform his material duties and responsibilities to the Company, (C) knowing breach of Executive’s material obligations under this Agreement or any of the Company’s material written policies or procedures, including, but not limited
Sample 1
AutoNDA by SimpleDocs
Retirement and Termination of Employment 
Sample 1Sample 2Sample 3See All (4)

Related to Retirement and Termination of Employment

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Employment and Termination Neither the Plan, this Agreement nor any related documents, communications or other material shall give Employee the right to continued employment by BellSouth or by any Subsidiary or shall adversely affect the right of any such company to terminate Employee's employment with or without cause at any time.

  • Term of Employment and Termination The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company may be terminated by either Party at any time for any or no reason (subject to the notice requirements of this Section 4). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. The term of this Agreement and Executive’s employment hereunder shall commence on the Effective Date and continue until terminated as set forth in this Section 4. The date on which Executive’s employment terminates, as determined by the Company, regardless of the reason, shall be referred to herein as the “Separation Date.” Upon termination of Executive's employment for any reason, Executive shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its subsidiaries.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

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