Termination and Notice. 16.1 The employment relationship may be terminated by each of the parties based on a mutual notice period of three months. Termination shall be notified in writing, and the notice period shall be calculated from and including the first day of the month following the issuance of such notice.
16.2 The Employee will be entitled to accelerated vesting of all options received in accordance with clause 5.4 and a salary compensation equal to 1,5 times base annual salary (which shall include the notice period) if:
i. the Employee is asked by the Company to terminate the employment, and provided that the Employee does not dispute such termination, for any other reason than where the Employee (a) commits an act of gross misconduct or shows gross breach of duty which can justify termination of the employment agreement with immediate effect according to applicable law; (b) commits any serious breach or (after warning) repeated or continued material breach of the Employee’s obligations under the Contract; (c) is guilty of fraud, dishonesty or conduct tending to bring the Employee or the Company into disrepute; (d) is declared bankrupt; (e) is convicted of any criminal offence; (f) retires; or (g) reaches the Company’s retirement age, or
ii. where the Employee’s employment is terminated within 12 months of a change of control of the Company as defined in the Company’s LTIP and the Employee’s employment has been terminated for a reason other than those listed in clause 16.2 (i) (a) – (g) above, provided that the Employee must be available to work for the Company full time for a period of 12 months. No severance payment shall be paid and the Employee shall not be entitled to accelerated vesting of options if the Employee disputes the termination or terminates the employment.
16.3 Upon termination of employment, the Employee shall return to the Company all property in the Employee’s possession, custody or control belonging to the Company, including but not limited to business cards, credit and charge cards, keys, security and computer passwords, mobile phones, personal computer equipment, original and copy documents or other media on which information is held in the Employee’s possession relating to the business or affairs of the Company.
16.4 Upon termination of employment, the Employee shall repay any debts to the Company, and release the Company of any guarantee or security for loans or responsibilities on behalf of the Employee.
Termination and Notice. 10.1 This Agreement may be terminated by either party at any time, with or without cause, upon not less than thirty (30) days written notice delivered by mail or in person to the other party. Notice to County: County Judge 000 Xxxxxxx Xxxxxx, 1st Street Richmond, Texas 77469 Notice to the FBHA: Fort Bend History Association Attention: President XX Xxx 000 Xxxxxxxx, XX 00000 If notice is delivered by mail, it shall be deemed received two (2) days after mailing.
Termination and Notice a. Either party may terminate this agreement by providing 30 days written notice to the other party through any suitable channel.
b. Upon termination, the tenant shall return the property in the same condition as at the beginning of the tenancy, minus normal wear and tear.
Termination and Notice. The contract must address the basis for termination of the contract by either party and notice requirements. PHP shall specifically include a provision permitting the PHP to immediately terminate a provider contract upon a confirmed finding of fraud, waste, or abuse by the Department or the North Carolina Department of Justice Medicaid Investigations Division.
Termination and Notice. Either party may terminate this Agreement upon written notice to the other. The termination shall be effective immediately on the date of the notice. If the Processor has in its possession any of Originator’s Borrowers’ data, records, or other information, the Processor shall return such data, records, or other information upon termination or ensure secure disposal of such data, records, or other information. Written notifications shall be delivered to the address in the first paragraph of this Agreement. Either party may change the address for such notice by providing notice to the other party in accordance with this Section 5. Written notification may be satisfied by certified mail (return receipt requested), overnight mail, or personal delivery.
Termination and Notice. 17.1. This agreement will terminate upon official written notice of cancellation delivered to Minion Kidz. The notice period for cancellation is one full calendar month's notice period, from the 1st of the month. No notice will be accepted or processed between the 1st and 30th of November.
Termination and Notice. The TENANT hereby agrees that the University may terminate the TENANT’s tenancy without cause under this Agreement upon thirty (30) days written notice. The TENANT may request to terminate the Lease by submitting a lease cancellation request at least 30 days prior to the end of the quarter. Approved lease cancellations will result in the lease term ending on the “Quarter End Date” as published by the University Office of the Registrar. The University may serve the TENANT with a three(3) day notice to pay rent or quit, to perform a covenant or quit, or to quit, whichever is appropriate, if the TENANT fails to pay rent or other charges when due or otherwise breaches the Terms, Conditions, and Regulations of the Lease. Breaches include, but are not limited to, the following: (a) failure to maintain eligibility for Xxxxxx Park Apartments as provided in Section 6 above, (b) failure to pay the stated rent or other charges levied, (c) TENANT's use of the apartment unreasonably damages or endangers the apartment, its furnishings or the building, or unreasonably disturbs residents of other units, (d) the TENANT violates any other provision of the Lease, including the provisions contained in the Terms, Conditions and Regulations, or the Guide to Xxxxxx Park Apartments, (e) the TENANT sublets or assigns any of the rights pursuant to this lease without receiving prior written consent from the University. Notwithstanding the ability of the TENANT to submit a lease cancellation request, this Agreement is a fixed-term lease and the TENANT has no right to continue occupancy of the premises after the lease termination date as specified in Part I of the Lease.
Termination and Notice. Section 1. This agreement between the parties shall remain in force for the period commencing on August 10, 2002 and ending 12:00 midnight on August 9,
Termination and Notice. 2.1 This Agreement shall commence on April l, 2005, and continue for an indefinite period, and may be terminated by either party without giving any reason therefor by at least six month’s written notice prior to the end of any calendar quarter; provided, however, that any termination under this section shall be effective no earlier than March 31, 2007. Notice by the Executive must be in writing, must be delivered to the Shareholder(s) and shall be effective upon delivery. An extraordinary termination for important reason (“Termination for Cause”) is not affected by these rules. This Agreement automatically expires at the end of the month during which the Executive attains age 65.
2.2 In the event of termination, the Company is entitled to relieve the Executive from his obligation to work during the period of notice. In such a case the Executive shall not engage in any activity during the notice period for which he is, will be, or would normally be entitled to remuneration without the prior written consent of the Shareholder(s), which consent may be withheld for any reason.
2.3 In the event of termination, the Company shall be released of any further liabilities or obligations to make money payments or provide benefit to, or on behalf of, the Executive except that the Executive shall continue to be entitled during the notice period to compensation under Section 4.1 subject to the specific terms of those provisions, but only for as long as Executive has not been employed by another employer.
2.4 In case the Company terminates this Agreement effective after March 31, 2007 other than by means of a Termination for Cause, the Executive shall be entitled to a severance payment in the gross amount of 50% of one annual Salary (as defined in Section 4.1); provided, that the Executive has waived in writing all claims he might have against the Company and its Affiliates with respect to such termination. The severance shall be payable within six weeks after the later of the effective date of termination or the receipt by Company of the Executive’s written waiver.
Termination and Notice. 11.01 A term employee may be terminated at the sole discretion of the Employer upon the provision of two (2) weeks’ notice.
