Termination by ISS “Without Cause Sample Clauses

Termination by ISS “Without Cause. Should ISS terminate Xxxxxx’x employment for any reason other than (1) those reasons set forth in subparagraph (b) above, or (2) because of Xxxxxx’x inability to perform his duties because of death or disability, Xxxxxx shall be entitled to six (6) months of salary continuation, without eligibility for bonus, upon entry into a release agreement provided by JSS (in a form substantially similar to that set forth at Appendix B to this Agreement). ISS and Xxxxxx have the ability, however, at any time, to terminate this Agreement by mutual written agreement, with or without the severance benefit. Image Sensing Systems, Inc. By: /s/ Xxxx Xxxxxx /s/ Xxxxxxx Xxxxxx Xxxx Xxxxxx Xxxxxxx Xxxxxx Its: CFO/COO
Sample 1
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Termination by ISS “Without Cause. Should ISS terminate Xxxxxxx’x employment for any reason other than (1) With Cause, or (2) because of Xxxxxxx’x inability to perform his duties because of death or disability, upon entry into a release agreement provided by ISS (the “Release Agreement”), (i) Xxxxxxx shall be entitled to 6 months of salary continuation, without eligibility for bonus; and (ii) he shall have 90 days after the date of the termination of his employment (or such shorter period as is provided in the Plan, or any successor or replacement plan of a similar nature, or an agreement governing the Option) to exercise all Options owned by Xxxxxxx that are exercisable as of such termination date. Any other Options, Restricted Stock and Restricted Stock Units owned by Xxxxxxx shall automatically terminate upon termination of Xxxxxxx’x employment under this Section 6(c). ISS and Xxxxxxx have the ability, however, at any time, to terminate this Agreement by mutual written agreement, with or without the severance benefit. Except as expressly provided herein, to the extent that there is any conflict between the provisions of this Section 6(c) and the provisions of the Plan or any agreement governing Options, Restricted Stock and Restricted Stock Units owned by Xxxxxxx, the provisions of this Section 6(c) shall govern. Xxxxxxx’x re-appointment back to ISS’s Vice President of Engineering from Interim Chief Executive Officer without a reduction to his existing salary and severance agreement would not constitute a severance triggering action
Sample 1
Termination by ISS “Without Cause. Should ISS terminate Tufto’s employment for any reason other than (1) With Cause, (2) a Change in Control Termination, or (3) because of Tufto’s inability to perform his duties because of death or disability, upon entry into a release agreement provided by ISS in a form substantially similar to that set forth in Appendix B to this Agreement (the “Release Agreement”), (i) Tufto shall be entitled to 12 months of salary continuation, without eligibility for bonus; and (ii) he shall have 90 days after the date of the termination of his employment (or such shorter period as is provided in the Plan, or any successor or replacement plan of a similar nature, or an agreement governing the Option) to exercise all Options owned by Tufto that are exercisable as of such termination date. Any other Options, Restricted Stock and Restricted Stock Units owned by Tufto shall automatically terminate upon termination of Tufto’s employment under this Section 6(c). ISS and Tufto have the ability, however, at any time, to terminate this Agreement by mutual written agreement, with or without the severance benefit. Except as expressly provided herein, to the extent that there is any conflict between the provisions of this Section 6(c) and the provisions of the Plan or any agreement governing Options, Restricted Stock and Restricted Stock Units owned by Tufto, the provisions of this Section 6(c) shall govern.
Sample 1
Termination by ISS “Without Cause. Should ISS terminate Xxxxxx'x employment for any reason other than (1) those reasons set forth in subparagraph (b) above, or
Sample 1
Termination by ISS “Without Cause. IS&S shall have the right to terminate this Agreement at any time, without Cause. Upon termination of this Agreement without Cause during any Initial Term (but not as a result of IS&S’s election not to renew the Term and not during any Renewal Term): (a) IS&S shall be released from any and all further obligations under this Agreement; (b) IS&S shall pay Askarpour all salary, benefits, bonuses, reimbursable expenses and all other compensation owing or accrued to Askarpour through the effective date of termination; and ((c) IS&S shall pay to Askarpour the Base Salary until the later of (I) the termination of the Initial
Sample 1
Termination by ISS “Without Cause. Should ISS terminate Aubrey’s employment for any reason other than (1) those reasons set forth in subparagraph (b) above, or (2) because of Aubrey’s inability to perform his duties because of death or disability, Xxxxxx shall be entitled to severance in the form described below, which includes continuation of his base salary, without eligibility for bonus, upon entry into a release agreement provided by ISS (in a form substantially similar to that set forth at Appendix B to this Agreement), for the period of time described below: If Xxxxxx is terminated without cause within the first year of his employment (and upon his execution of a release agreement substantially similar to that set forth at Appendix B), Xxxxxx will be entitled to the benefits described in the preceding paragraph for the following periods of time: Termination Date Months of Salary Continuation January 15 – February 15, 2007 24 months February 16 – March 15, 2007 23 months March 16 – April 15, 2007 22 months April 16 – May 15, 2007 21 months May 16 – June 15, 2007 20 months June 16 – July 15, 2007 19 months July 16 – August 15, 2007 18 months August 16 – September 15, 2007 17 months September 16 – October 15, 2007 16 months October 16 – November 15, 2007 15 months November 16 – December 15, 2007 14 months December 16, 2007 – January 15, 2008 13 months If Xxxxxx is terminated without cause after January 15, 2008 (and upon his execution of a release agreement substantially similar to that set forth at Appendix B), Xxxxxx will be entitled to 12 months of salary continuation. ISS and Xxxxxx have the ability, however, at any time, to terminate this Agreement by mutual written agreement, with or without the severance benefit.
Sample 1
Termination by ISS “Without Cause. Should ISS terminate Tufto’s employment for any reason other than (1) those reasons set forth in subparagraph (b) above, or (2) because of Tufto’s inability to perform his duties because of death or disability, Tufto shall be entitled to 12 months of salary continuation, without eligibility for bonus, upon entry into a release agreement provided by ISS (in a form substantially similar to that set forth at Appendix B to this Agreement). ISS and Tufto have the ability, however, at any time, to terminate this Agreement by mutual written agreement, with or without the severance benefit.
Sample 1
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Related to Termination by ISS “Without Cause

  • Termination by Company Without Cause The Company may terminate Employee’s employment without Cause upon thirty (30) days written notice to Employee. If Employee’s employment with the Company is terminated by the Company without Cause, and Employee signs and does not revoke a Release, then Employee shall be entitled to the following:

  • 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 the Company without Cause; Termination by the Executive for Good Reason (a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to by the Executive,

  • Termination by the Bank Without Cause The Bank shall have the right to terminate the Term at any time on written notice without Cause, for any or no reason, such termination to be effective on the date on which the Bank gives such notice to Executive or such later date as may be specified in such notice.

  • Termination by the Company for Cause; Termination by the Executive without Good Reason (a) For purposes of this Agreement, “

  • 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 by the Company Without Cause or by Executive for Good Reason If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Involuntary Termination by the Company without Cause At all times during the Term, the Board may terminate the Executive’s employment for reasons other than death, Disability, or for Cause, by providing to the Executive a Notice of Termination, at least sixty (60) calendar days (ninety (90) calendar days when termination is due to non-renewal of this Agreement by the Company pursuant to Section 1.2) prior to the Effective Date of Termination; provided, however, that such notice shall not preclude the Company from requiring Executive to leave the Company immediately upon receipt of such notice.

  • Termination by Employee for Cause In the event of a Change of Control (as defined below) of the Company that results in either a substantial reduction or change of title in the Employee’s job duties related to his position as CFO or CEO, ,or a decrease in or a failure to provide the compensation or vested benefits under this Agreement or the Company initiates a substantial reduction or change of title in the Employee’s job duties related to his position as CFO, Employee shall have the right to resign his employment and will be entitled to a lump sum severance payment equal to twelve (12) months of Employee’s then base salary payable within thirty (30) days after the date of termination In addition, Employee will be entitled to payment of all unused vacation days at his current daily rate and a lump sum equal to all deferred salaries and earned bonuses. In addition, all Employee’s then outstanding but unvested stock options shall vest one hundred percent (100%). Employee shall have 12 months from the date written notice is given to Employee about the announcement and closing of a transaction resulting in a Change in Control of the Company that would result in a substantial change in the Employee’s job duties or decrease his compensation or vested benefits under this Agreement to resign or this Section 4(c) shall not apply. In the event Employee resigns from the Company for any other reason, Employee will not be entitled to receive or accrue any further Company benefits or other remuneration under this Agreement, and Employee specifically agrees that he will not be entitled to receive any severance pay. For purposes of this Section 4, a Change in Control shall be deemed to have occurred if any of the following occur:

  • Termination by Company without Cause or by Executive for Good Reason If Executive's employment is terminated by the Company without Cause or by Executive for Good Reason:

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