Termination of Employment During the Term. The Employee’s employment with the Bank may be terminated during the Term at any time and for any reason and, in such event:
Termination of Employment During the Term. (a) The Executive shall be entitled to the compensation and benefits provided in Section 3 upon the termination of the Executive's employment with the Company during the term of this Agreement by the Executive or by the Company, unless such termination is as a result of (i) the Executive's death; (ii) the Executive's Disability; (iii) the Executive's termination by the Company for Cause; or (iv) the Executive's decision to terminate employment other than for Good Reason.
Termination of Employment During the Term. Nothing in this Section 3 shall limit the right of the Company or the Executive to terminate the Executive's employment under this Agreement during the Term hereof on the terms and conditions set forth in Section 7 hereof. Further, notwithstanding any other provision of this Agreement, the Company shall have the right to terminate the Executive's employment under this Agreement at any time prior to the expiration of the Term for any other reason whatsoever, including termination without Cause, in the sole discretion of the Company's Board of Directors (the "Board"); provided, however, that, any termination of the employment relationship by the Company prior to the expiration of the Term other than a termination by the Company on the terms and conditions set forth in Section 7 hereof shall be deemed to be a termination without Cause within the meanings of Sections 8(c) and 8(e) hereof.
Termination of Employment During the Term. Upon completion of the probationary period, the employment contract may be terminated without cause at any time during the term of employment by the University. If the employee has less than the equivalent of three years of service within a five (5) year period she/he will receive at least one month’s written notice of termination, or pay in lieu. For those term employees with greater than the equivalent of three years of service within a five (5) year period, notice will be as stated in 9.1.7.
Termination of Employment During the Term. Nothing in this Section 3 shall limit the right of the Company or the Executive to terminate the Executive’s employment under this Agreement during the Term hereof on the terms and conditions set forth in Section 7 hereof.
Termination of Employment During the Term. (a) Termination by the Company Without Cause or by the Employee for Good
Termination of Employment During the Term. In the event that you materially breach any provision of this Agreement or any continuing obligations under the Proprietary Information and Inventions Agreement, the Company, at its election, may terminate your employment with the Company and its obligations to make any further payments or provide any further benefits to you under this Agreement, effective upon written notice to you. You acknowledge that your options will cease vesting and terminate in accordance with the applicable terms of the Stock Option Agreements upon the termination of your employment with the Company under this paragraph 7. Likewise, you may elect to terminate this Agreement at any time and for any reason, effective upon your delivery of written notice to the Company. This contract will only be terminated by the company if there is a material breach of this agreement. In the event of a breach, the company will provide a 60 day written notice in advance of the companies intent to terminate the contract. The written notice will include a description of the reason for termination. During the 60 day period you will be given an opportunity to respond and resolve any reasons for breach in order to come back into compliance with the agreement. It is understood that your accepting employment as a consultant with another organization during the term of this contract does not constitute breach of this agreement. Reduction in force and reorganizational changes also do not constitute reason to terminate the agreement.
Termination of Employment During the Term. (a) Termination by the Company Without Cause or by the Employee for Good Reason. If the Employee's employment is terminated during the Term by the Company without Cause or by the Employee for Good Reason, the Employee shall be entitled to the following:
Termination of Employment During the Term. Upon completion of the probationary period, the employment contract may be terminated without cause at any time during the term of employment by the University.
Termination of Employment During the Term
