Termination of Employment and Service Sample Clauses

Termination of Employment and Service. As of January 31, 2011 (the “Date of Termination”), the Executive shall cease to be an employee, officer and director of the Company.
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Termination of Employment and Service. Pursuant to the mutual agreement of the parties, effective as of the date hereof (the “Date of Termination”), the Executive shall cease to be an employee, officer and director of the Company and all of its affiliated entities.
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Termination of Employment and Service. Preferred Seniority (Union Representatives) ....................... Seniority Lists. ......................... Static Physical Defects.. .............. New Job or Vacancy Procedure ...... Reductions of Available Work in a Department ........................ Layoff Out of Plant ...................
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Termination of Employment and Service. The effect on the Option of the Optionee’s termination of employment and service shall be as follows: (i) if the Optionee dies while an employee of the Company, the Optionee’s estate, or any person who acquires the Option by bequest or inheritance, may exercise the Option to the extent that the Optionee was entitled to do so within the period beginning on the Optionee’s date of death and ending one year thereafter, provided, however, that if the Optionee’s death occurs prior to January 8, 2018, the Optionee’s estate, or any person who acquires the Option by bequest or inheritance, will also be entitled to exercise this Option for an additional number of shares of the Company’s Common Stock, which number shall be computed by multiplying (i) the number of days from January 9th of the year of the Optionee’s date of death through the date of the Optionee’s death by (ii) 171.232 but provided, further, that no fractional shares shall be issued as a result of this proration; (ii) if the Optionee’s employment by the Company is terminated for Cause, as defined below, the Option shall expire forthwith upon the Optionee’s termination and may not be exercised thereafter; (iii) If the Optionee’s employment by the Company is terminated as a result of a Change in Control, as defined below, the Optionee may thereafter exercise the Option within the period ending one year after the Optionee’s termination date, but only to the extent the Option was exercisable on the Optionee’s termination date. It will be presumed that a termination results from a Change in Control if the Optionee’s employment is terminated during the period that begins when negotiations for the Change in Control begin and ends on the six month anniversary of the closing of the Change in Control transaction and such termination is not a termination for Cause or a termination resulting from the Optionee’s death, disability or any other reason. (iv) if the Optionee’s employment by the Company terminates for any reason other than death, a Change in Control, or for Cause, the Optionee (or if the Optionee dies after the Optionee’s termination date, the Optionee’s estate or any person who acquires the Option by bequest or inheritance) may thereafter exercise the Option within the period ending 3 months after the Optionee’s termination date, but only to the extent the Option was exercisable on the Optionee’s termination date.
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Termination of Employment and Service. As of August 16, 2012 (the “Date of Termination”), Employee will cease to be an officer or employee of the Company, its subsidiaries, divisions, and current affiliated entities.
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Termination of Employment and Service. The effect on the Option of the Optionee’s termination of employment and service shall be as set forth in that certain Employment and Services Agreement entered into on August 26, 2012, by and among the Corporation, Navistar, Inc. and the Optionee (the “Employment and Services Agreement”).
Sample 1
Termination of Employment and Service. As of January 31, 2011 (the “Date of Termination”), the Executive shall cease to be an employee and officer of the Company. The Executive shall resign or be removed from all other positions, including directorships of Company subsidiaries and joint ventures in which the Company is a party, that the Executive holds as a result of his employment by the Company or as representative or designee of the Company; provided that the Executive shall cooperate with the Company in determining the time and manner in which any such resignation or removal will take place.
Sample 1
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Related to Termination of Employment and Service

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • TYPES OF EMPLOYMENT AND TERMINATION OF EMPLOYMENT 15 General 16 Employees on Daily Hire 17 Casual Employees 18 Employer and Employee Duties 19 Apprentices 20 Sham Contracting 21 Termination of Employment 22 Redundancy 23 Payment of Wages and Time Records 24 Superannuation 25 Insurance 26 Insurance – Minimum Cover / Minimum Benefits 27 Insurance – Employer Liability 28 Accident Makeup Pay 29 Compensation of Tools of Trade and Clothes 30 Application of Site Agreements / Inductions and off the job training / Local Labour – Visa Requirements 31 Hours of Work 32 Presenting for Work but Not Required 33 Overtime 34 Call Back

  • Termination of Employment Agreement As of the Effective Date, the Employment Agreement hereby is terminated in its entirety and shall no longer have any force or effect.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • TERMINATION OF EMPLOYMENT CONTRACT This employment contract may be terminated by: A. Mutual agreement of the parties. B. The Facilities Manager may terminate this employment contract upon sixty (60) days written notice to the Board or the Superintendent, as the case may be.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Termination of Employment Period The Agreement Term shall terminate upon the occurrence of any of the following:

  • Duration of Employment 5.1 A seafarer shall be engaged for the period specified in Appendix 1 to this Agreement and such period may be extended or reduced by the amount shown in Appendix 1 for operational convenience. The employment shall be automatically terminated upon the terms of this Agreement at the first arrival of the ship in port after expiration of that period, unless the Company operates a permanent employment system.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

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