Termination of Employment by Corporation for Cause Sample Clauses

Termination of Employment by Corporation for Cause. The Corporation may terminate the Executive’s employment for Cause at any time during the Term by giving the Executive written notice of its intention to do so. This notice will be effective on the date it is given (“For Cause Termination Date”). If this notice is given, the terms of this section will apply regardless of any other event that may occur after the delivery of the written notice of termination for Cause. [1] This Agreement and the Executive’s employment will terminate as of the For Cause Termination Date. [2] The Corporation will pay or cause to be paid or made available to the Executive: [a] Any unpaid installments of his Base Salary, calculated through the For Cause Termination Date; and [b] Any amounts the Executive is entitled to receive under the terms of any employee benefit plan described in Section 3.01[3].
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Termination of Employment by Corporation for Cause. The Corporation may terminate Executive's employment with Cause at any time during the Term of this Agreement by giving Executive written notice of its intention to do so. This notice will be effective on the date it is given ("For Cause Termination Date"). If this notice is given: [1] This Agreement will terminate as of his For Cause Termination Date;
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Termination of Employment by Corporation for Cause. Corporation may terminate this Agreement, and Executive's employment, for "cause", which for purposes of this Article shall include willful material breach by Executive of any material provision of this Agreement, willfully engaging in any business activities that materially conflict with Executive's duties to Corporation, willful failure to perform Executive's duties under this Agreement, or any criminal, unlawful, fraudulent or dishonest act. In the event this Agreement, and Executive's employment, are terminated for cause, Executive shall not be entitled to receive any compensation hereunder, except such base salary as shall have been earned prior to the date of such termination.
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Termination of Employment by Corporation for Cause. The Chairman may terminate Executive's employment with Cause at any time during the Term of this Agreement by giving Executive written notice of its intention to do so. This notice must specify the reason for which it is given (including the Cause upon which it is based) and will be effective 30 business days after the date it is given (five calendar days if "Cause" arises because Executive is convicted of a felony), unless Executive corrects, or otherwise remedies within such period, the Cause for which it is given ("For Cause Termination Date"). If this notice is given: [1] This Agreement will terminate as of the For Cause Termination Date and Corporation will pay to Executive: [a] Any unpaid installments of his Base Salary, calculated to the end of the payroll period during which his For Cause Termination Date occurs;
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Termination of Employment by Corporation for Cause. The Corporation may terminate the Executive’s employment for Cause at any time during the Term by giving the Executive written notice of its intention to do so. This notice will be effective on the date it is given (“For Cause Termination Date”). If this notice is given, the terms of this section will apply regardless of any other event that may occur after the delivery of the written notice of termination for Cause. [1] This Agreement and the Executive’s employment will terminate as of the For Cause Termination Date. [2] The Corporation will pay or cause to be paid or made available to the Executive: [a] Any unpaid installments of his Base Salary, calculated through the For Cause Termination Date; and [b] Any amounts the Executive is entitled to receive under the terms of any employee benefit plan described in Section 3.01[3]. [3] If the Executive’s employment is terminated for Cause, all the Executive’s outstanding stock options and other cash and equity incentive grants will be exercisable (or applicable restrictions will lapse) to the extent provided under the terms relating to terminations of employment for similar reasons contained in the plan and the award agreements through which they were granted or as otherwise provided in Section 5.06.
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Termination of Employment by Corporation for Cause. If the Employee's employment is terminated by the Corporation for Cause, the VAC Amount shall be paid to the Employee in a lump sum within thirty (30) days after such termination and no further benefit, whether vested or not vested, will be payable to the Employee by the Corporation under this Agreement.
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Related to Termination of Employment by Corporation for Cause

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Termination of Employment by Employee The Employee may terminate his employment at any time. However, he shall be deemed to have terminated his employment for "Good Reason" only if he terminates his employment by giving Notice of Termination pursuant to Paragraphs 6(d) and 6(e)(iii) within ninety (90) days after the occurrence of any of the following events (provided the Company does not cure such event within ten (10) days following its receipt of the Employee's Notice of Termination):

  • Termination of Employment by Death The Employee's Employment will terminate automatically at the time of his death. If the Employee's Employment terminates by reason of the Employee's death, the Company will pay to the Person the Employee has designated in a written notice delivered to the Company as his beneficiary entitled to that payment, if any, or to the Employee's estate, as applicable, in a cash lump sum within 30 days after the Termination Date, the amount equal to the sum of (i) the portion of the Base Salary through the end of the month in which the Termination Date occurs which has not yet been paid, (ii) all compensation the Employee has previously deferred (together with any accrued interest or earnings thereon) which has not yet been paid, (iii) any accrued but unpaid vacation pay (if the Employee dies while on Active Status) and (iv) (A) if the Employee dies while on Active Status or during the Part-time Employment Period (other than during the last 12 months of the Part-time Employment Period), an amount equal to the Base Salary being paid for the Compensation Year in which he dies or (B) if the Employee dies during the last 12 months of the Part-time Employment Period, the product of (1) one-twelfth of the Base Salary being paid for the Compensation Year in which the Employee dies multiplied by (2) the number of whole and partial calendar months in the period beginning with the first calendar month after the calendar month in which he dies and ending with the last calendar month in which the Termination Date would have occurred if the Employee's Employment were to have continued to the end of the Part-time Employment Period. For purposes of this Section 5(d), if the anniversary of the Effective Date in the Compensation Year in which the Employee dies has not occurred on or before the Termination Date, the Base Salary for that Compensation Year will be calculated on the assumption that no increase in the amount thereof would be made effective as of that anniversary pursuant to Section 4(a) or 5(e)(i), as applicable.

  • Termination of Employment by the Company for Cause The Company may terminate the Executive’s employment for Cause during the Term upon written notice to the Executive. If the Executive’s employment is so terminated by the Company, the Term shall end as of the Date of Termination and the Executive shall thereupon be entitled solely to the following:

  • 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 Without Cause At any time during the Term of Employment under this Agreement, either Arrow or the Bank may effect, pursuant to this Paragraph 7(b), and in accordance with the requirements set forth in Paragraph 11(gg) below, a Termination of Employment of Executive without Cause, provided, however, that any attempt to do so under circumstances that would also qualify such Termination of Employment as a Termination of Employment of Executive without Cause under Paragraph 6(a) of this Agreement, that is, as a Termination of Employment of Executive without Cause following a Change in Control that meets the conditions set forth in Paragraph 6(a), will be deemed a Termination of Employment of Executive without Cause under Paragraph 6(a), and not a Termination of Employment of Executive without Cause under this Paragraph 7(b). In the event of a Termination of Employment of Executive without Cause under this Paragraph 7(b), on the effective date of such Termination of Employment, and subject to the satisfaction of the conditions specified below in Section 8, Arrow or the Bank shall pay to the Executive, and the Executive shall be entitled to receive, one (1) lump sum payment in a dollar amount equal to the greater of (i) the total amount of Base Salary payments which would have been payable to the Executive during the period extending from such effective date until the normal expiration date of Employment under this Agreement as in effect at such time, had there been no early Termination of Employment of Executive without Cause (and assuming the Executive otherwise would have remained employed throughout such period and that his Base Salary would have remained unchanged throughout such period), or (ii) an amount equal to one hundred percent (100%) of the current Base Salary of the Executive on the effective date of such Termination of Employment.

  • Termination of Employment With Cause If the Participant is terminated for Cause, the Performance Share Unit Award will be forfeited. For this purpose, “Cause” is defined in the employment agreement in effect between the Participant and the Company or any subsidiary, including any employment agreement entered into after the Award Date. In the absence of an employment agreement, “Cause” means any breach by the Participant of any of his or her material obligations under any Company policy or procedure, including, without limitation, the Code of Conduct.

  • Termination of Employment by the Executive for Good Reason Subject to the notice and cure provisions set forth below, the Executive may terminate the Executive’s employment with the Company for Good Reason and receive the Severance Package provisions of Section 5 if any of the following have occurred without the Executive’s written consent (“Good Reason”):

  • Involuntary Termination for Cause If the Employee's employment is terminated for Cause, then the Employee shall not be entitled to receive severance payments. The Employee's benefits will be terminated under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination.

  • Voluntary Termination; Termination for Cause If Executive's employment with the Company terminates voluntarily by Executive or for Cause by the Company, then all vesting of the Option and all other options granted to Executive will terminate immediately and all payments of compensation by the Company to Executive hereunder and all obligations with respect thereto (including, without limitations, with respect to base salary, bonuses, employee benefits, relocation and temporary living reimbursements and other expense reimbursements) will terminate immediately (except as to amounts already earned).

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