TERMINATION BY PRINCIPAL Sample Clauses

TERMINATION BY PRINCIPAL. Principal may terminate Principal's employment under this Agreement for any reason provided that Principal gives Employer at least thirty (30) days' notice in writing. Employer may, at its option, accelerate such termination date to any date at least two weeks after Principal's notice of termination. Employer may also, at its option, relieve Principal of all duties and authority after notice of termination has been provided.
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TERMINATION BY PRINCIPAL. Subject to clause 39B, where the Principal has a right or obligation under and in accordance with [clause 7.5(a)(v)] or [clause 10.2(a)] of the Unit Holders Deed to terminate this Contract, it may by 40 business days written notice to the Contractor terminate this Contract.
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TERMINATION BY PRINCIPAL. Each Principal shall be deemed terminated upon his death, Disability, retirement or resignation from the Apollo Employer.
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TERMINATION BY PRINCIPAL. The Principal shall have the right to terminate this Agreement if the Consultant is in breach of the terms of this Agreement after Principal provides written notice of such breach to Consultant and Consultant fails to cure such breach within fifteen (15) days of its receipt of such notice or, if such breach is not reasonably curable in fifteen (15) days, has not exercised diligent and good faith efforts to cure such breach within said fifteen (15) day period.
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TERMINATION BY PRINCIPAL. This Agreement may be terminated and the Capital Contribution may be abandoned at any time prior to the Effective Time, before or after the adoption and approval by the shareholders of Coventry referred to in Section 6.1(a), by action of the Board of Directors of Principal or Mutual, if (a) there has been a breach by Coventry or Newco of any representation or warranty contained in this Agreement or in any document delivered in connection herewith (without giving effect to any limitation as to materiality set forth therein or applicable thereto) either when such representation or warranty was made or at and as of the Closing Date, as if made at and as of such time (except to the extent expressly made as of any earlier date, in which case as of such date), except where the failure of such representations and warranties to be so true and correct (without giving effect to any limitation as to materiality set forth therein or applicable thereto) does not have, and is not likely to have, individually or in the aggregate, a Coventry Material 66 Adverse Effect or a Newco Material Adverse Effect or (b) there has been a material breach of any of the covenants or agreements set forth in this Agreement on the part of Coventry, which breach is not curable or, if curable, is not cured within 30 days after written notice of such breach, specifying in reasonable detail the nature of the breach, is given by Principal or Mutual to Coventry.
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TERMINATION BY PRINCIPAL. The Principal may terminate the Director of XXX employment in accordance with applicable law, provided, however, that he will not dismiss the Director of XXX without sixty (60) days prior written notice of the decision to dismiss, except that the Principal may, by written notice, immediately dismiss the Director of XXX either: (i) for good cause, or (ii) for other than good cause, with payment of sixty (60) days worth of salary, to be calculated at the per diem rate.
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Related to TERMINATION BY PRINCIPAL

  • Termination by Parent This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time by Parent if:

  • Termination by Resignation Subject to Section 3.2, below, Executive’s employment and the Company’s obligations under this Agreement shall terminate automatically, effective immediately upon Executive’s provision of written notice to the Company of Executive’s resignation from employment with the Company or at such other time as may be mutually agreed between the Parties following the provision of such notice.

  • Termination by Owner The Owner may terminate this Agreement in whole or in part, for the failure of the Consultant to:

  • Termination by the Executive The Executive may terminate employment hereunder at any time for any reason, including but not limited to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive’s consent (each, a “Good Reason Condition”):

  • Termination by You You may cancel your acceptance of this Contract by delivering notice to XOOM by way of mail, fax, e-mail or by personal delivery, in the following circumstances:

  • Termination by Seller This Agreement may be terminated at any time prior to the Closing by Seller, by written notice to Buyer:

  • Termination by the Company without Cause or Resignation by Executive for Good Reason (Other Than Change in Control). The Company shall have the right to terminate Executive’s employment with the Company at any time without Cause. Should the Company elect to allow this Agreement to expire at the end of the Term without attempting to renegotiate its terms, the expiration of this Agreement shall be a termination without Cause for purposes of the Executive’s eligibility for the benefits described in this Section 5.4. In the event Executive is terminated by the Company without Cause, but not in the event of a termination due to Death or Disability under Section 5.1, or Executive resigns for Good Reason (other than in connection with a Change in Control (as defined below)), and upon compliance with Section 5.5 below, Executive shall be eligible to receive the following “Severance Benefits:” (i) continuation of Executive’s base salary, then in effect, for a period of twelve (12) months following the Termination Date, paid on the same basis and at the same time as previously paid; and (ii) the Company shall pay the premiums of Executive’s group health insurance COBRA continuation coverage, including coverage for Executive’s eligible dependents, for a maximum period of twelve (12) months following a termination without Cause or resignation for Good Reason; provided, however, that (a) the Company shall pay premiums for Executive’s eligible dependents only for coverage for which those eligible dependents were enrolled immediately prior to the termination without Cause or resignation for Good Reason and (b) the Company’s obligation to pay such premiums shall cease immediately upon Executive’s eligibility for comparable group health insurance provided by a new employer of Executive. Notwithstanding the foregoing, if at any time the Company determines, in its sole discretion, that the payment of the COBRA premiums would result in a violation of the nondiscrimination rules of Section 105(h)(2) of the Internal Revenue Code of 1986, as amended (the “Code”) or any statute or regulation of similar effect (including but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education Reconciliation Act), then in lieu of providing the COBRA premiums, the Company will instead pay Executive, fully taxable cash payments equal to and paid at the same time as the COBRA premiums that otherwise would have been paid, subject to applicable tax withholdings. Vesting of any unvested stock options and/or other equity securities shall cease on the date of termination. To receive the payments under (i) and (ii) above, Executive’s termination or resignation must constitute a “separation from service” (as defined under Treasury Regulation Section 1.409A-1(h) and without regard to any alternate definition thereunder) (a “Separation from Service”) and Executive must execute and allow the Release to become effective within 60 days of Executive’s termination or resignation. Such payments shall not be paid prior to the 60th day following Executive’s termination or resignation, rather, subject to the aforementioned conditions, on the 60th day following Executive’s termination or resignation, the Company will pay Executive such payments in a lump sum that Executive would have received on or prior to such date under the original schedule, with the balance of such payments being paid as originally scheduled.

  • Termination by Xxxxxx Xilinx may terminate this Agreement for material breach by Licensee, provided that Xilinx has given written notice to Licensee of such breach and Licensee fails to cure such breach within thirty (30) days thereof; provided, however, in the event of a breach of confidentiality under Section 7 whereby unauthorized disclosure and/or dissemination by electronic or other means is likely to cause undue harm to Xilinx, then Xilinx may, at its discretion, immediately terminate this Agreement and seek other appropriate equitable and legal remedies as deemed necessary to protect its interests hereunder.

  • Termination By Company With Cause The Company may terminate the Employee's employment at any time with Cause. As used in this Agreement, "Cause" shall include the following: (1) the Employee's failure or inability to perform Employee's duties under this Agreement; (2) dishonesty, misconduct, or unlawful acts that adversely affect the Company; (3) a material violation of the Company's policies or practices which reasonably justifies immediate termination; (4) pleading guilty or no contest to, or conviction of, a felony or any crime involving moral turpitude, fraud, dishonesty, or misrepresentation; (5) the commission by the Employee of any act which could reasonably be expected to materially injure the reputation, business, or business relationships of the Company or Related Entities; (6) the Employee's inability to perform an essential function of Employee's position; or (7) any material breach by Employee of this Agreement. The Company may terminate this Agreement for Cause, as defined in clauses (1), (5), (6) and (7) above, upon thirty days prior written notice (the "Cause Notification Period") to Employee, but such termination shall only become effective in the event of Employee's failure to cure the applicable breach or violation, to the reasonable satisfaction of Company, prior to the end of the Cause Notification Period. The Company may terminate this Agreement for Cause, as defined in clauses (2), (3), and (4) above, at any time with no notice. In the event of a termination for Cause, the Company shall be relieved of all its obligations to the Employee provided for by this Agreement as of the effective date of termination, and all payments to the Employee hereunder shall immediately cease and terminate as of such date, except that Employee shall be entitled to the annual base salary hereunder up to and including the effective date of termination.

  • Voluntary Termination by the Executive Notwithstanding anything in this Agreement to the contrary, the Executive may, upon not less than thirty (30) days' written notice to the Company, voluntarily terminate employment for any reason (including retirement under the terms of the Company's retirement plan as in effect from time to time).

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