Term; Termination; Severance Clause Samples
Term; Termination; Severance. (a) The Employment Period shall commence on the date hereof and shall continue until the first to occur of (i) Executive’s death or Incapacity; (ii) a termination by the Company at any time with or without Cause; (iii) a termination by Executive at any time for any reason other than a termination for Good Reason (such a termination by Executive with Good Reason shall be referred to herein as a “Voluntary Termination”); (iv) a termination by the executive for Good Reason; and (v) the third (3rd) anniversary of the date hereof (such third (3rd) anniversary, the “Initial Term End Date”); provided that the Employment Period will renew for a one (1)-year period (a “Renewal Period”) following the Initial Term End Date and, if applicable, any Renewal Period, unless either the Company or Executive notifies the other party of the intention not to renew the Agreement in writing at least sixty (60) days before the Initial Term End Date or the end of any such Renewal Period, as applicable. Any termination of the Executive’s employment with the Company shall be a “Termination.” The date of any termination of Executive’s employment with the Company shall be the “Termination Date.”
(b) Upon any Termination, Executive shall be entitled to receive Executive’s Base Salary earned through Executive’s Termination Date, prorated on a daily basis together with all accrued but unpaid vacation time earned by Executive during the fiscal year in which such Termination occurs. Except as set forth in this Section 4, Executive shall not be entitled to receive Executive’s Base Salary or any bonuses or other benefits from the Company for any period after the Termination Date.
(c) In the event that Executive’s employment is terminated (i) by the Company with Cause, (ii) a termination by Executive without Good Reason, (iii) because of the Executive’s failure to extend Executive’s Employment Period hereunder beyond the Initial Term End Date or any Renewal Period, as applicable, or (iv) upon Executive’s death or Incapacity, the Company shall have no obligation to make any severance or other similar payment to or on behalf of Executive.
(d) In the event that Executive’s employment is terminated by the Company without Cause, a Voluntary Termination or because of the Company’s failure to extend Executive’s Employment Period hereunder beyond the Initial Term End Date or any Renewal Period, as applicable, then following such Termination, and so long as Executive executes and delivers to the Compa...
Term; Termination; Severance. The Employment Period commenced on the Start Date and will continue until the first to occur of (i) ▇▇▇▇▇’▇ death; (ii) a termination by the Company at any time with or without cause; or (iii) a termination by ▇▇▇▇▇ at any time. Any termination of ▇▇▇▇▇’▇ employment with the Company shall be a “Termination.” The date of any termination of ▇▇▇▇▇’▇ employment with the Company shall be the “Termination Date.”
(a) The Company may terminate ▇▇▇▇▇’▇ employment at any time with Cause (as defined in Section 9(b) of this Agreement) by giving written notice of such termination to ▇▇▇▇▇ designating an immediate or future date, as outlined below.
(b) ▇▇▇▇▇ may terminate ▇▇▇▇▇’▇ employment by giving the Company Sixty (60) days’ prior written Notice of Termination (as defined in Section 5(c) of this Agreement). Upon such notice, the Company may, at its option, (i) make ▇▇▇▇▇’▇ termination effective immediately, (ii) require ▇▇▇▇▇ to continue to perform ▇▇▇▇▇’▇ duties hereunder during such Sixty (60) day period, with or without restrictions on ▇▇▇▇▇’▇ activities, and/or (iii) accept ▇▇▇▇▇’▇ notice of termination as ▇▇▇▇▇’▇ resignation from the Company at any time during such Sixty (60) day period; provided, that the Company shall (x) pay ▇▇▇▇▇’▇ Base Salary under Section 4(a) and benefits under Section 4(b) through the date on which ▇▇▇▇▇ ceases to perform services for the Company and (y) pay to ▇▇▇▇▇ any KPI Bonus related to the fiscal year prior to the fiscal year in which the Termination Date falls if the amount of such KPI Bonus has been determined by the Board but not yet paid to ▇▇▇▇▇ as of the Termination Date as well as a prorated KPI bonus through the Termination Date for the fiscal year in which the separation takes place once said KPI bonus has been determined by the Board.
(c) Any termination by the Company for Cause or without Cause, or by ▇▇▇▇▇, shall be communicated by Notice of Termination to the other party hereto given in accordance with this Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of ▇▇▇▇▇’▇ employment under the provision so indicated, if for Cause, and (iii) if the Termination Date is other than the date of receipt of such notice, specifies the termination date.
Term; Termination; Severance. The Employment Period will commence on the Effective Date and will continue until the first to occur of (i) Xykis’ death; (ii) a termination by the Company at any time; (iii) or a termination by Xykis at any time. Any termination of Xykis’ employment with the Company shall be a “Termination.” The date of any termination of Xykis’ employment with the Company shall be the “Termination Date.”
(a) The Company may terminate Xykis’ employment at any time with Cause (as defined in Section 9(b) of this Agreement) or without Cause, by giving written notice of such termination to Xykis designating an immediate or future date, as outlined below.
(b) Xykis may terminate Xykis’ employment by giving the Company ninety (90) days’ prior written Notice of Termination (as defined in Section 5(c) of this Agreement). Upon such notice, the Company may, at its option, (i) make Xykis’ termination effective immediately, (ii) require Xykis to continue to perform Xykis’ duties hereunder during such ninety (90) day period, with or without restrictions on Xykis’ activities, and/or (iii) accept Xykis’ notice of termination as Xykis’ resignation from the Company at any time during such ninety (90) day period; provided, that the Company shall (x) pay Xykis’ Base Salary under Section 4(a) and benefits under Section 4(g) through the date on which Xykis ceases to perform services for the Company and (y) pay to Xykis any KPI or LTI related to the fiscal year prior to the fiscal year in which the Termination Date falls if the amount of such KPI or LTI has been determined but not yet paid to Xykis as of the Termination Date. Any unvested SARs will be lost and forfeited as of the Termination Date.
(c) Any termination by the Company for Cause or without Cause, or by Xykis, shall be communicated by Notice of Termination to the other party hereto given in accordance with this Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Xykis’ employment under the provision so indicated, if for Cause, and (iii) if the Termination Date is other than the date of receipt of such notice, specifies the termination date.
(d) Xykis’ employment will terminate immediately without any notice upon ▇▇▇▇▇’ death.
(e) If Xykis is determined to be Disabled or Incapacitated during the Empl...
Term; Termination; Severance. (a) The Employment Period shall be for a period of five years from the date hereof; provided that (i) the Employment Period shall terminate prior to -------- such date upon Executive's death or Incapacity; (ii) the Employment Period may be terminated by Publishing at any time prior to such date with Cause or without Cause; and (iii) the Employment Period may be terminated by Executive at any time for any reason (a "Voluntary Termination"), except that a termination by --------------------- Executive as a result of material breach of this Agreement by Publishing which is not cured within 20 days after written notice thereof by Executive to Publishing and the Company shall not be deemed a Voluntary Termination. Any termination of the Executive's employment with Publishing shall be a
Term; Termination; Severance. A. The term of this Agreement shall begin on January 13, 2025, and shall remain in effect for three years unless terminated pursuant to this Agreement. The term of this agreement may be extended thereafter by mutual written agreement.
Term; Termination; Severance. (a) The Employment Period shall commence on the date hereof and shall continue until the first to occur of (i) Executive's death or Incapacity; (ii) a termination by ▇▇▇▇▇▇'▇ at any time with or without Cause; and (iii) a termination by Executive at any time for any reason other than a termination for Good Reason (a "Voluntary Termination"); provided, that
Term; Termination; Severance. (a) The Employment Period shall be for a period of five years from the date hereof; provided that (i) the Employment Period shall terminate prior to such date upon Executive's death or Incapacity; (ii) the Employment Period may be terminated by the Company at any time prior to such date with Cause or without Cause; and (iii) the Employment Period may be terminated by Executive at any time for any reason (a "Voluntary Termination"). Any termination of the Executive's employment with the Company shall be a
Term; Termination; Severance subsection (c) in the Employment Agreement, is hereby amended to provide as follows:
Term; Termination; Severance. (a) The Employment Period shall commence on the date hereof and shall continue until the first to occur of (i) Executive's death or Incapacity; (ii) a termination by ▇▇▇▇▇▇'▇ at any time with or without Cause; and (iii) a termination by Executive at any time for any reason other than a termination for Good Reason (a "Voluntary Termination"); provided, that the Employment Period shall automatically terminate without action by either ▇▇▇▇▇▇'▇ or Executive on the fifth anniversary of the Effective Date unless otherwise extended by mutual agreement of Executive and ▇▇▇▇▇▇'▇. Any termination of the Executive's employment with ▇▇▇▇▇▇'▇ shall be a "
Term; Termination; Severance. (a) Th▇ ▇▇▇▇▇▇ment Period shall commence on the date hereof and shall continue until the first to occur of (i) Executive's death or Incapacity; (ii) a termination by Roundy's at any time with or without Cause; and (iii) a ▇▇▇▇▇▇▇tion by Executive at any time for any reason, with or without Good Reason (such a termination without Good Reason being referred to herein as a "Voluntary Termination"); provided, that notwithstanding the foregoing, the Employment Period shall, if not terminated sooner in accordance with the foregoing provisions, automatically terminate on a date three (3) years after the Effective Date, subject to extension of that date by Roundy's in accordance with the following subparagraph ▇(▇)(▇) (such date, including as and if so extended, being referred to as the "Expiration Date"). Any termination of the Executive's employment with Roundy's (including automatic termination upon the Expiration ▇ate) shall be a "