Termination by the Company Without Proper Cause Sample Clauses

Termination by the Company Without Proper Cause. The Company may terminate Executive's employment at any time during the Term without proper cause by providing Executive 90 days' written notice of such termination effective as of the date stated in the written notice. In the event the Company terminates Executive without proper cause, and in exchange for execution (and, if applicable, non-revocation) by Executive of a written waiver and full release of all known and unknown claims against the Company, Executive shall receive Executive's Base Salary through salary continuation period for the remainder of the Term on regular payroll days. The usual payroll deductions shall be made ti"om Executive's paychecks in connection with such payments. As further consideration, Executive shall continue to receive health insurance coverage then paid for by the Company for the remainder of the Term. but Executive's right to receive health insurance coverage shall terminate upon Executive's commencement of employment by another company offering health insurance benefits. Company shall provide the legal release and waiver to Executive for his signature within twenty (20) days of his Termination Date, and Executive shall deliver to Company the fully executed legal release no later than twenty-one (21) days thereafter. Executive shall not be entitled to any other payments or benefits of any kind except as expressly specified in this Agreement.
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Termination by the Company Without Proper Cause. The Company may terminate Executive's employment at any time during the Term without proper cause by providing Executive 90 days' written notice of such termination effective as of the xxxx stated in the written notice. In the event the Company terminates Executive without proper cause, and in exchange lor execution (and, if applicable, non-revocation) by Executive of a written waiver and full release of all known and unknown claims against the Company, Executive shall receive Executive's original Base Salary of $7,000/month through salary continuation period tor the remainder of the Term on regular payroll days, such payment to be made by Company and for a period of eighteen ( 18) months from the Effective Date guaranteed personally by Xxxxxx Xxxxx, Executive Chairman, in the event of default by Company. The usual payroll deductions shall be made from Executive's paychecks in connection with such payments. As further consideration, Executive shall continue to receive health insurance coverage then paid tor by the Company tor the remainder of the Term. but Executive's right to receive health insurance coverage shall terminate upon Executive's commencement of employment by another company offering health insurance benelits. Company shall provide the legal release and waiver to Executive for his signature within twenty (20) days of his Termination Date, and Executive shall deliver to Company the fully executed legal release no later than twenty-one (21) days thereafter. Executive shall not be entitled to any other payments or benelits of any kind except as expressly specilied in this Agreement.
Sample 1

Related to Termination by the Company Without Proper Cause

  • Termination by the Company 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 with Cause The Company shall have the right at any time to terminate the Executive's employment hereunder without prior notice upon the occurrence of any of the following (any such termination being referred to as a termination for "Cause"):

  • 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 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 Company Without Cause or by the Executive for Good Reason If (x) the Executive’s employment is terminated by the Company other than for Cause, death or Disability (i.e., without Cause) or (y) the Executive terminates employment with Good Reason, then the Executive shall be entitled to receive the following from the Company:

  • Termination by the Company Without Cause or by the Executive with Good Reason During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement, in a form and manner satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within the time frame set forth in the Separation Agreement and Release:

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

  • Termination Without Cause by the Company In furtherance of the “at will” basis of Executive’s employment by the Company, the Company may terminate Executive’s employment without Cause upon written notice to Executive. Executive’s termination without Cause will be effective on the date of termination specified by the Company in such written notice. Such written notice shall be deemed received, if mailed first class through the U. S. Postal System, three (3) business days after mailing such written notice to Executive.

  • Termination by the Company for Cause or by the Executive without Good Reason The Company may terminate the Executive’s employment pursuant to the terms of this Agreement at any time for Cause (as defined below) by giving the Executive written notice of termination. Such termination shall become effective upon the giving of such notice. Upon any such termination for Cause, or in the event the Executive terminates his employment with the Company without Good Reason (as defined in Section 6(c)), then the Executive shall have no right to compensation, or reimbursement under Section 4, or to participate in any Executive benefit programs under Section 5, except as may otherwise be provided for by law, for any period subsequent to the effective date of termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony related to the business of the Company; (ii) the Executive, in carrying out his duties hereunder, has acted with gross negligence or intentional misconduct resulting, in any case, in material harm to the Company; (iii) the Executive misappropriates Company funds or otherwise defrauds the Company including a material amount of money or property; (iv) the Executive breaches his fiduciary duty to the Company resulting in material profit to him, directly or indirectly; (v) the Executive materially breaches any agreement with the Company and fails to cure such breach within 10 days of receipt of notice, unless the act is incapable of being cured; (vi) the Executive breaches any provision of Section 8 or Section 9; (vii) the Executive becomes subject to a preliminary or permanent injunction issued by a United States District Court enjoining the Executive from violating any securities law administered or regulated by the SEC; (viii) the Executive becomes subject to a cease and desist order or other order issued by the SEC after an opportunity for a hearing; (ix) the Executive refuses to carry out a resolution adopted by the Company’s Board at a meeting in which the Executive was offered a reasonable opportunity to argue that the resolution should not be adopted; or (x) the Executive abuses alcohol or drugs in a manner that interferes with the successful performance of his duties.

  • Termination by the Company for Cause The Executive’s employment under this Agreement may be terminated by the Company for Cause at any time upon written notice to the Executive without further liability on the part of the Company. For purposes of this Agreement, a termination shall be for Cause if:

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