TERMINATION OF EMPLOYMENT OF XXXX XXXXXXX Sample Clauses

TERMINATION OF EMPLOYMENT OF XXXX XXXXXXX. In the event that the Material Decision contemplated by Section 1.1(mm)(x) is implemented (or if Xxxx Xxxxxxx resigns from the office of Chairman and Chief Executive Officer for health reasons or dies), then, notwithstanding anything to the contrary in this Agreement, the Founding Shareholder shall thereafter have the right, but not the obligation, to pursue the marketing and sale of all or part of its shares of the Corporation in accordance with the Right of First Offer Procedures contemplated in Sections 8.2 and 8.3. The balance of Article 8 shall not apply. For example, there shall be no restriction on the time before which such sales can occur, and there shall be no "drag along rights" for the Founding Shareholder or "tag along rights" for the benefit of the other Shareholders (pursuant to Article 8 or Article 10). However, the Founding Shareholder shall be prohibited from selling any of such Common Shares to a Competitor of BMO.
Sample 1
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Related to TERMINATION OF EMPLOYMENT OF XXXX XXXXXXX

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

  • Early Termination of Employment In addition to any Termination of Employment of Executive as a Retired Early Employee under Paragraph 6 of this Agreement, a Termination of Employment of Executive may occur prior to the normal expiration of the Term under the circumstances and with the consequences set forth below.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Payments Upon Termination of Employment (a) If Executive’s employment with the Company is terminated by reason of:

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

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