Right to Terminate without Cause Sample Clauses

Right to Terminate without Cause. Notwithstanding anything in this Agreement to the contrary, the Company may terminate the Executive’s employment hereunder at any time without Cause.
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Right to Terminate without Cause. If Customer cancels or terminates this CESA for any reason other than a Company Event of Default, Company may charge, and Customer agrees to pay an Early Termination Fee. The amount of the Early Termination Fee will be calculated as follows: for each Customer Facility which is receiving a Fixed Price, the difference between the Price and the Current Market Value of the Remaining Quantities multiplied by the Remaining Quantities. Current Market Value means the price a willing buyer would pay a willing seller for the Services for the Remaining Quantities. Current Market Value will be determined by Company in its commercially reasonable discretion and may be based on a number of factors including current conditions in the retail and wholesale energy markets, Company’s internal forward price curves, and/or the forward price curves of an independent third party. Remaining Quantities means the amount of electricity that Company, in its commercially reasonable discretion, anticipated delivering to the Customer Facilities for the time period from the date of termination until the end of the Initial Term. For an Index Adder Product, the Early Termination Fee will be equal to the amount of the Index Adder specified in the CESA multiplied by the Remaining Quantities. Customer and Company agree that damages for Customer’s early termination of this CESA are impossible or difficult to determine and that the Early Termination Fee is a reasonable estimate of the damages that would result from Customer’ terminating the CESA before the end of the Initial Term. Customer remains responsible for all charges billed by the Company through the date the TDU processes the termination.
Sample 1
Right to Terminate without Cause. BMS may terminate this Agreement (including its license rights under this Agreement) in full (but not in part), effective upon [***] calendar days prior written notice in the case where Approval has not been obtained for the applicable Product or upon [***] calendar days prior written notice in the case where Approval has been obtained for the applicable Product. For purposes of clarification, milestone payments will be due on milestones achieved during the period between notice of termination and the effective date of termination.
Sample 1

Related to Right to Terminate 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.

  • Termination Without Cause or Termination for Good Reason (a) The Company may terminate the Executive's employment hereunder without Cause, and the Executive shall be permitted to terminate his employment hereunder for Good Reason (as hereinafter defined). If the Company terminates the Executive's employment hereunder without Cause, other than due to death or Disability, or if the Employee effects a termination for Good Reason, the Executive shall be entitled to receive all the benefits provided for under Section 3.6 of this Agreement.

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.

  • Termination by Employer Without Cause Employer may terminate the Term (and Executive’s employment) by giving two weeks written notice to Executive. A termination made pursuant to this Section 5.3 is a “termination Without Cause.” A termination made pursuant to Section 5.2 (and satisfying the notice requirement set forth therein) shall under no circumstance be considered a termination Without Cause.

  • Termination by Employee without Good Reason The Employee shall have the right at any time to terminate the Employee's employment with both Employers without Good Reason by giving the Employers written notice that the Employee is terminating his employment. Any such termination shall apply to the Employee's employment with both Employers and be effective ninety (90) days after the giving of such notice by the Employee.

  • Termination Without Cause or Resignation for Good Reason If (1) Company terminates Employee’s employment during the Initial Term other than (a) due to Employee’s death or Disability or (b) for Cause (as defined below); or (2) if Employee resigns from Employee’s employment for Good Reason (as defined below) during the Initial Term, Employee shall receive the Accrued Amounts on the Date of Termination and, in addition, subject to the Severance Conditions below, (i) Company shall provide a severance payment equal to three (3) months of Employee’s salary as of the Date of Termination (the “Severance Payment”), divided and paid in equal installments over a period of three (3) months in accordance with Company’s regular payroll practices starting on the first regular payday occurring after the effective date of the Release (as defined below), and (ii) the Company will reimburse Employee for COBRA premiums (at the coverage levels and at the Company-paid rate in effect immediately prior to such termination) for Employee and Employee’s covered dependents until the earliest of (A) the date that is three (3) months following the Date of Termination, (B) the date that Employee (or Employee’s spouse or dependents, as applicable) are no longer eligible for COBRA coverage or (C) the date when Employee receives substantially equivalent health insurance coverage in connection with new employment (the “COBRA Benefit”). Company’s obligation to pay Employee the Severance Payment and COBRA Benefit shall be conditioned on Employee’s satisfaction of the following (the “Severance Conditions”): (1) Employee must first sign, and allow to become effective, a Company-approved separation agreement, which shall include a full general release in a form acceptable to Company, releasing all claims, known or unknown, that Employee may have against Company arising out of or any way related to Employee’s employment or termination of employment with Company (the “Release”); and (2) on or before the effective date of the Release, Employee must have (i) reconfirmed Employee’s agreement to abide by all of the surviving provisions of this Agreement and any other agreement between Employee and Company, (ii) agreed to cooperate in the transition of Employee’s employment; and (iii) agreed not to make any voluntary statements, written or oral, or cause or encourage others to make any such statements that defame, disparage, or in any way criticize the personal and/or business reputations, practices, or conduct of the Company or any of its affiliates. All other Company obligations to Employee will be automatically terminated and completely extinguished.

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