Common use of Termination of Employment by Head Coach Clause in Contracts

Termination of Employment by Head Coach. The Parties agree that Head Coach has special, exceptional and unique knowledge, skill and ability as a __________ [insert sport] Head Coach which, in addition to the continuing acquisition of head coaching experience at the University, as well as the University’s special need for continuity in its __________ [insert sport] program, render Head Coach’s services unique. Head Coach further recognizes and agrees that his/her promise to work for the University for the entire term of this Agreement is an essential consideration in the University’s decision to employ him/her as Head Coach of the Program. Head Coach also recognizes and agrees that the University is making a highly valuable investment in his/her continued employment by entering into this Agreement and if he/she were to resign or otherwise terminate his/her employment as Head Coach with the University prior to the expiration of this Agreement to accept another coaching position, the University will suffer damages the amount, nature and extent of which is difficult to determine and which may include, but not be limited to, additional expenses to search for and employ another Head Coach, salary or other compensation to hire another Head Coach, tangible and intangible detriment to the University’s intercollegiate _________ [insert sport] program and the support of its fans and donors. Accordingly, Head Coach agrees that in the event he/she resigns or otherwise terminates his/her employment under this Agreement prior to the expiration of the initial term of this Agreement and accepts another coaching position, he/she shall pay to the University as liquidated damages, and not as a penalty, the following amounts: (a) If Head Coach leaves during the first [three] years of this Agreement, he/she will pay the University $__________; (b) If Head Coach leaves during the [fourth] year of this Agreement, he/she will pay the University $__________ [should be less than previous amount]; (c) If Head Coach leaves during the [fifth] year of this Agreement, he/she will pay the University $__________ [should be less than previous amount]. The Parties covenant and agree that the amount of damages to be paid to the University hereunder is fair and reasonable. Payment of said liquidated damages will be in a single lump sum amount with payment to be made within 30 days of Head Coach ceasing to be the head coach. If Head Coach terminates his/her employment under this Agreement prior to its expiration in accordance with Section 7.C, his/her compensation and benefits, to the extent not already vested, shall cease upon the termination date.

Termination of Employment by Head Coach. The Parties agree that Head Coach has special, exceptional and unique knowledge, skill and ability as a __________ [insert sport] Head Coach which, in addition to the continuing acquisition of head coaching experience at the University, as well as the University’s special need for continuity in its __________ [insert sport] program, render Head Coach’s services unique. Head Coach further recognizes and agrees that his/her promise to work for the University for the entire term of this Agreement is an essential consideration in the University’s decision to employ him/her as Head Coach of the Program. Head Coach also recognizes and agrees that the University is making a highly valuable investment in his/her continued employment by entering into this Agreement and if its investment would be lost or diminished were he/she were to resign or otherwise terminate his/her employment as Head Coach with the University prior to the expiration of this Agreement to accept and Head Coach at another coaching position, the University will suffer damages the amount, nature and extent of which is difficult to determine and which may include, but not be limited to, additional expenses to search for and employ another Head Coach, salary or other compensation to hire another Head Coach, tangible and intangible detriment to the University’s intercollegiate __________ [insert sport] program and the support of its fans and donorsprogram. Accordingly, Head Coach agrees that in the event he/she resigns or otherwise terminates his/her employment under this Agreement prior to the expiration of the initial term of this Agreement and accepts a head coaching position at another intercollegiate _________ [insert sport] program or a head coaching positionposition with a professional _________ [insert sport] program, he/she shall pay to the University as liquidated damages, and not as a penalty, the following amounts: (a) If Head Coach leaves during the first [three] years of this Agreement, he/she will pay the University $__________; (b) If Head Coach leaves during the [fourth] year of this Agreement, he/she will pay the University $__________ [should be less than previous amount]; (c) If Head Coach leaves during the [fifth] year of this Agreement, he/she will pay the University $__________ [should be less than previous amount]. The Parties covenant and agree that the amount of damages to be paid to the University hereunder is fair and reasonable. Payment of said liquidated damages will be in a single lump sum amount with payment to be made within 30 days of Head Coach ceasing to be the head coach. If Head Coach terminates his/her employment under this Agreement prior to its expiration in accordance with Section 7.C, his/her compensation and benefits, to the extent not already vested, shall cease upon the termination date.