Termination of Employment by Employee Sample Clauses
Termination of Employment by Employee. If the Participant voluntarily terminates his or her employment (e.g., by voluntary resigning) other than by retirement, which is subject to paragraph 4(b) above, all Restricted Stock Units that are not vested as of the effective date of resignation will be forfeited.
Termination of Employment by Employee. If the Participant terminates his or her employment (e.g., by voluntary resigning) other than by retirement, which is subject to paragraph 4(b) above, the Performance Share Unit Award will be forfeited.
Termination of Employment by Employee. Employment is terminable by an employee in accordance with the scale outlined above, provided a lesser period may be mutually agreed. If an employee fails to give notice, the Company shall have the right to withhold moneys due to the employee with a maximum amount equal to the ordinary time rate of pay for the period of notice not given.
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):
i. The Employee's base salary is reduced for any reason other than in connection with the termination of his employment.
ii. For any reason other than in connection with the termination of the Employee's employment, the Company materially reduces any fringe benefit provided to the Employee under Paragraph 4 below the level of such fringe benefit provided generally to other actively employed similarly situated executives of the Company, unless the Company agrees to fully compensate the Employee for any such material reduction.
iii. The Company assigns the Employee to duties inconsistent in any respect with his position (including, without limitation, his status, office, and title), authority, duties or responsibilities as set forth by Paragraph 1, or takes any other action that results in a material diminution in such position, authority, duties, or responsibilities.
iv. The Company otherwise materially breaches, or is unable to perform its obligations under this Agreement.
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 terminated his employment by giving Notice of Termination pursuant to Sections 9(c) and 9(d)(iii) within ninety (90) days after the occurrence of any of the following events (provided the Company does not cure such event within thirty (30) days following its receipt of the Employee's Notice of Termination):
(i) Without the Employee's prior written consent, the Company assigns the Employee to duties materially inconsistent in any respect with his position, authority, duties or responsibilities as set forth in Section 1, or takes any other action that results in a material diminution in such position, authority, duties or responsibilities, including, but not limited to, failing to reappoint or reelect the Employee to any such position;
(ii) The Employee's base salary is reduced for any reason other than in connection with the termination of his employment, except if such base salary is reduced in connection with proportionate reductions in the salaries of all other executive officers of the Company;
(iii) The assignment of the Employee, without his prior written consent, to a Company office located outside of the Greater Columbus, Ohio Metropolitan area;
(iv) The Company's failure to obtain an agreement from any successor or assign of the Company to assume and to agree to perform this Agreement;
(v) The Company provides notice of termination of this Agreement pursuant to Section 2; or
(vi) The Company otherwise materially breaches its obligations to make payments to the Employee under this Agreement.
Termination of Employment by Employee. The Employee may terminate this Agreement and Employee’s employment with Company for any reason at any time.
(1) If Employee provides the Company with at least sixty (60) days’ written notice of Employee’s termination of employment and this Agreement or such other shorter period as the Board of Directors may provide, the following will apply:
(i) The Company may elect to continue Employee’s employment to the effective date of Employee’s termination in accordance with the notice provided, or the Company may select an earlier date for Employee’s termination. However, if the Company selects an earlier date for Employee’s termination, the Company will continue Employee’s base salary for the time period between the date of termination selected by the Company and the date of termination specified in Employee’s notice of termination; provided, however, that the total period for which the Company will be obligated shall not exceed ninety (90) days from the date upon which Employee’s notice of termination was received by the Company. The Company’s obligation to pay Employee’s base salary under this Article shall terminate upon the date the Employee secures and commences other full-time employment, if such date occurs earlier.
(ii) On and after the applicable date described in this Article above, all salary and other compensation and benefits of any kind shall cease, except as required by law (for example, the Employee will be eligible for COBRA continuation coverage at Employee’s expense).
(2) If Employee provides less than sixty (60) days’ written notice of Employee’s intent to terminate employment with the Company and this Agreement, the Company may select an earlier effective date for Employee’s termination, and all salary, compensation and benefits of any kind will cease on the earlier effective date.
(3) If Employee terminates Employee’s employment and this Agreement with or without sixty (60) days’ written notice, Employee will be paid Employee’s base salary for services performed through the Employee’s termination date.
(4) Except as provided in this Article, none of the compensation described in the Post-Termination Payments section shall apply in the event of termination of employment and this Agreement by the Employee, and the Company’s sole obligation shall be as described in this Article 4.
(5) The Employee may terminate Employee’s employment with the Company and this Agreement and receive the compensation described in the Post-Termination Payments sect...
Termination of Employment by Employee. Employee may terminate his or her employment with the Company for any reason whatsoever upon 14 days' written notice to the Company. Employee will be paid his or her regular salary up to the date of termination but shall not receive any severance compensation.
Termination of Employment by Employee. If the Participant terminates his or her employment (e.g., by retiring or by voluntary resigning), any unearned, unvested Tranche will be forfeited, and any earned and vested Tranche will be paid in accordance with paragraph 3 of this Agreement.
Termination of Employment by Employee. Employee may terminate his employment with the Company at any time and for any reason, such termination to be effective immediately upon notice by Employee to the Company. Upon such termination by Employee, all rights and obligations of the parties hereunder shall cease, except: if Employee terminates his employment under this Agreement for Good Reason (as defined below) within one year of a Change in Control (as defined below), (i) Employee shall receive a lump sum equal to his Base Salary times three plus any bonus or other long term incentive compensation to which the Employee would have been entitled absent the termination, (ii) Employee’s health and life insurance benefits shall continue for a period of 36 months after such termination, and (iii) all of Employee’s unvested options shall immediately vest and may be exercised by Employee for such post-termination period as is prescribed by such option agreements and related stock plan(s). Termination of employment pursuant to this Section 7 or otherwise shall not terminate or otherwise affect the rights and obligations of the parties pursuant to Sections 9 through 12 and Section 15 hereof.
Termination of Employment by Employee. Employee shall have the right to terminate Employee’s employment by providing the Company thirty (30) days notice as provided within Section 11 (g) of this Agreement of such termination.