Termination for Performance. The Company may terminate the Employee's employment for Performance if the Employee fails to meet satisfactorily the performance goals established for the Employee. The determination as to whether the Employee has met satisfactorily such performance goals shall be determined by the Company in its sole discretion. The Company shall exercise its right to terminate the Employee's employment for Performance by giving her written notice of termination on or before the date of such termination specifying the performance goal or goals that the Employee failed to meet. In the event of such termination of the Employee's employment for Performance, the Employee shall be entitled to the following:
Appears in 2 contracts
Samples: Employment Agreement (Great Atlantic & Pacific Tea Co Inc), Employment Agreement (Great Atlantic & Pacific Tea Co Inc)
Termination for Performance. The Company may terminate the Employee's employment for Performance performance if the Employee fails to meet satisfactorily the performance goals established for the Employee. The determination as to whether the Employee has met satisfactorily such performance goals shall be determined by the Company in its sole discretion. The Company shall exercise its right to terminate the Employee's employment for Performance performance by giving her written notice of termination on or before the date of such termination specifying the performance goal or goals that the Employee failed to meet. In the event of such termination of the Employee's employment for Performanceperformance, the Employee shall be entitled to the following:benefits described in Section 6(b).
Appears in 1 contract
Samples: Employment Agreement (Great Atlantic & Pacific Tea Co Inc)
Termination for Performance. The Company may terminate the Employee's employment for Performance if the Employee fails to meet satisfactorily the performance goals established for the Employee by the Compensation Committee of the Board in consultation with the Employee. The determination as to whether the Employee has met satisfactorily such performance goals shall be determined by the Company Board in its sole discretion. The Company shall exercise its right to terminate the Employee's employment for Performance by giving her him written notice of termination on or before the date of such termination specifying the performance goal or goals that the Employee failed to meet. In the event of such termination of the Employee's employment for Performance, the Employee shall be entitled to the following:
Appears in 1 contract
Samples: Executive Employment Agreement (Great Atlantic & Pacific Tea Co Inc)