Common use of Termination after Attendance of an External Course Clause in Contracts

Termination after Attendance of an External Course. 1In the event that the Employee resigns by giving written notice or employment has been terminated by the Company due to breach of the Employment Agreement after having attended external courses for safety, induction and any other training course paid by the Company (“Course”), The Employee is liable to reimburse the Company for documented course expenses as follows: a) During the first twelve (12) months, counted from the last day of the Course(s), the Employee shall reimburse to the Company the total documented course expenses. b) After the above twelve (12) months up to the end of the twenty-forth (24th) month, counted from the last day of the Course(s), the Employee shall reimburse to the Company the pro rata documented course expenses. Reimbursement is computed by the following formula: in the thirteenth (13th) month the amount due is equal to 11/12th, and it decreased after every completed month of employment by 1/12th, so that in the twenty- forth (24th) month it is equal to 0. 2The above provision shall not apply if the Company has terminated the Employment Agreement in circumstances where the Employee did not breach the Employment Agreement or if the Employment Agreement has been terminated without Notice Period pursuant to article 11.1.

Appears in 6 contracts

Samples: Overseas and Seafarer Employment Agreement, Overseas and Seafarer Employment Agreement, Overseas and Seafarer Employment Agreement

AutoNDA by SimpleDocs

Termination after Attendance of an External Course. 1In the event that the Employee resigns by giving written notice or employment has been terminated by the Company due to breach of the Employment Agreement after having attended external courses for safety, induction and any other training course paid by the Company (“Course”), The Employee is liable to reimburse the Company for documented course expenses as follows: a) During the first twelve (12) months, counted from the last day of the Course(s), the Employee shall reimburse to the Company the total documented course expenses. b) After the above twelve (12) months up to the end of the twenty-forth (24th) month, counted from the last day of the Course(s), the Employee shall reimburse to the Company the pro rata documented course expenses. Reimbursement is computed by the following formula: in the thirteenth (13th) month the amount due is equal to 11/12th, and it decreased after every completed month of employment by 1/12th, so that in the twenty- forth (24th) month it is equal to 0. 2The above provision shall not apply if the Company has terminated the Employment Agreement in circumstances where the Employee did not breach the Employment Agreement or if the Employment Agreement has been terminated without Notice Period pursuant to article 11.111. 1.

Appears in 2 contracts

Samples: Overseas and Seafarer Employment Agreement, Overseas and Seafarer Employment Agreement

AutoNDA by SimpleDocs

Termination after Attendance of an External Course. 1In the event that the Employee resigns by giving written notice or employment has been terminated by the Company due to breach of the Employment Agreement after having attended external courses for safety, induction and any other training course paid by the Company (“Course”), The Employee is liable to reimburse the Company for documented course expenses as follows: a) During the first twelve (12) months, counted from the last day of the Course(s), the Employee shall reimburse to the Company the total documented course expenses. b) After the above twelve (12) months up to the end of the twenty-forth (24th) month, counted from the last day of the Course(s), the Employee shall reimburse to the Company the pro rata documented course expenses. Reimbursement is computed by the following formula: in the thirteenth (13th) month the amount due is equal to 11/12th, and it decreased after every completed month of employment by 1/12th, so that in the twenty- twenty-forth (24th) month it is equal to 0. 2The above provision shall not apply if the Company has terminated the Employment Agreement in circumstances where the Employee did not breach the Employment Agreement or if the Employment Agreement has been terminated without Notice Period pursuant to article 11.1.

Appears in 1 contract

Samples: Overseas and Seafarer Employment Agreement

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