Termination by University Without Cause. Notwithstanding any provision of the Code to the contrary, at any time after commencement of this Agreement, the University may terminate this Agreement without cause by giving ten (10) days’ written notice to the Employee, such termination to become effective no earlier than ten (10) days after receipt of such written notice. In the event the University terminates this Agreement without cause, the University shall pay to the Employee, as liquidated damages, an amount equal to the Employee’s Base Salary for the period remaining in the Term of this Agreement, to be paid on a monthly basis prorated over the remainder of the Term of this Agreement, or in accordance with a payment schedule agreed upon by the parties in writing. The University shall not be liable for any consequential damages or loss of any collateral business opportunities or any other benefits, perquisites, or income from any sources that might ensue as a result of the University’s termination of this Agreement without cause and Employee hereby expressly waives any such claims against the University, it officers, employees and agents. The parties have bargained for and agreed to the foregoing liquidated damages provision, giving consideration to the fact that the Employee may lose certain benefits, supplemental compensation or outside compensation relating to Employee’s employment at the University, which damages are extremely difficult to determine with certainty, or fairly or adequately. The parties further agree that payment of such liquidated damages by the University and acceptance thereof by the Employee shall constitute adequate and reasonable compensation to the Employee for damages and injury suffered because of such termination by the University. The foregoing shall not be, nor be construed to be, a penalty.
Termination by University Without Cause. (a) The University may terminate the Interim President’s employment as interim president at any time without cause upon no less than sixty (60) calendar days' prior written notice to the Interim President.
Termination by University Without Cause. 1. The University shall have the right to terminate this Agreement without Cause and at any time upon written notice to the Employee of such termination. In the event of such notice of termination pursuant to this subsection V.E., the University will pay to Employee an amount, less required deductions and applicable withholdings for federal, state, and local taxes, equal to either:
Termination by University Without Cause. 12.1 University may, in its sole discretion, terminate this Agreement without cause at any time upon written notice to COACH; provided, however, that, in the event of such a termination without cause, University’s sole financial obligation shall be limited to paying COACH the annual salary set forth in Section 2.1 multiplied by the number of full and partial contract years remaining in the current term. In the event University exercises its right to terminate the Agreement without cause, University shall not be obligated to pay COACH any other compensation or perquisites described in the Agreement or be responsible for consequential damages, including but not limited to any loss of business opportunities or loss of other income, benefits, or perquisites from any sources, that might occur as a result of such termination. Payment of the total amount due under this paragraph shall occur over the remaining term of the Agreement as follows: 1) Within thirty (30) days of the effective date of termination without cause, payment shall be made for amounts due with respect to the remainder of that contract year, and 2) payments due hereunder with respect to each subsequent year shall be made on the last day of such subsequent contract year, until all amounts due under this paragraph 8.0 have been paid in full. A “contract year” is July 1 through June 30.
Termination by University Without Cause. Paragraph 12.02(a) of the Employment Agreement is hereby amended to include the following provision as an additional element of liquidated damages to be paid to Coach in the event the University terminates the Employment Agreement without cause: An amount equal to the then current balance (including earnings, if any) in the Plan referred to in Paragraph 4.06 herein on the effective date of termination, or, in the alternative, the University may transfer ownership of the Plan to Coach; provided, however, it is understood that the University shall have no obligation to make contributions to the Plan after the effective date of termination.
Termination by University Without Cause. Paragraph 12.02(a) of the Employment Agreement is hereby amended and replaced, in its entirety, as follows:
Termination by University Without Cause. (a) The University shall have the right to terminate this Employment Agreement, including any extensions hereto, prior to its expiration date without cause upon fifteen (15) days written notice to Coach. In such event, the University shall pay to Coach in lieu of any and all other legal remedies, damages of any type or equitable relief available to Coach and without regard to any compensation Coach may earn in mitigating his damages, liquidated damages in the amount of Two Hundred Fifty Thousand Dollars ($250,000) per year for the remaining term of this Employment Agreement, including a pro-rated amount for any partial year. It is agreed that the University shall pay such liquidated damages in lump sum within ninety (90) days following the effective date of termination. In addition, the University shall pay Coach any annual guaranteed compensation increase and incentive-based supplemental compensation earned by Coach pursuant to Paragraphs 4.04 and 4.05 herein respectively through the effective date of termination, and any payments by the University pursuant to Paragraphs 10.02(c) and
Termination by University Without Cause. University may terminate this Agreement upon the giving of ninety (90) days prior written notice to Aspire.
Termination by University Without Cause. The University shall have the right to terminate this Employment Agreement prior to its normal expiration, as provided in paragraph 2.1 above, without cause. Termination “without cause” shall mean termination of this Agreement on any basis other than those set forth in paragraphs 6.1 and 6.2, above. Termination by the University shall be effective upon delivering to Lamb written notice of the University’s intent to terminate this Agreement thirty (30) days after Lamb’s receipt of such notice. If the University exercises its right to terminate this Agreement without cause, Lamb agrees that he shall be entitled to damages only as provided below:
Termination by University Without Cause. A. In the event University terminates this Agreement without cause (other than as provided in paragraphs 8 and 9.A above), University shall pay Coach Xxxxx 100% of the Base Salary (Section 5. A.), Radio and Television Money (Section 5. B.), Appearance Fees, Public Speaking Engagements and Fundraising (Section 5.C.), Deferred Compensation (Section 5. E.) and Outfitter Payments (Section 7) and Incentive Based Compensation earned but not yet paid (collectively, “Total Annual Compensation”) as if the Agreement were not terminated. These sums shall be paid as liquidated damages for Coach Xxxxx’x lost revenue and shall be paid to Coach Xxxxx in monthly installments through the remainder of the Term.
