Common use of Termination of Employment Period Clause in Contracts

Termination of Employment Period. The employment of the Executive by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following: 4.1 Expiration of the Employment Period; 4.2 At the election of the Company, for Cause (as defined below), immediately upon written notice by the Company to the Executive, which notice shall identify the Cause upon which the termination is based; 4.3 At the election of the Executive, for Good Reason (as defined below); 4.4 Upon the death or Disability (as defined below) of the Executive; 4.5 At the election of the Company, upon not less than fifteen (15) days’ prior written notice of termination; or 4.6 At the election of the Executive, upon not less than fifteen (15) days’ prior written notice of termination.

Appears in 6 contracts

Samples: Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc)

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Termination of Employment Period. The This Agreement and the employment of the Executive by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following: 4.1 5.1 Expiration of the Employment PeriodPeriod by notice of non-renewal in accordance with Section 1; 4.2 5.2 At the election of the Company, Company for Cause (as defined below)Cause, immediately upon written notice by the Company to the Executive, which notice shall identify the Cause upon which the termination is based; 4.3 5.3 At the election of the Executive, Executive for Good Reason (as defined below), pursuant to the provisions set forth below; 4.4 5.4 Upon the death or Disability (as defined below) of the Executive; 4.5 5.5 At the election of the CompanyCompany without Cause, upon not less than fifteen (15) days’ prior written notice of termination; or 4.6 5.6 At the election of the ExecutiveExecutive without Good Reason, upon not less than fifteen (15) days’ prior written notice of termination.

Appears in 5 contracts

Samples: Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc)

Termination of Employment Period. The employment of the Executive Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following: 4.1 Expiration of the Employment Period; 4.2 At the election of the Company, for Cause (as defined below), immediately upon written notice by the Company to the ExecutiveEmployee, which notice shall identify the Cause upon which the termination is based; 4.3 At the election of the ExecutiveEmployee, for Good Reason (as defined below); 4.4 Upon the death or Disability disability (as defined below) of the ExecutiveEmployee; 4.5 At the election of the Company, upon not less than fifteen (15) days’ prior written notice of termination; or 4.6 At the election of the ExecutiveEmployee, upon not less than fifteen (15) days’ prior written notice of termination.

Appears in 4 contracts

Samples: Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc)

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Termination of Employment Period. The This Agreement and the employment of the Executive by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following: 4.1 Expiration of the Employment PeriodPeriod by notice of non-renewal in accordance with Section 1; 4.2 At the election of the Company, Company for Cause (as defined below)Cause, immediately upon written notice by the Company to the Executive, which notice shall identify the Cause upon which the termination is based; 4.3 At the election of the Executive, Executive for Good Reason (as defined below), pursuant to the provisions set forth below; 4.4 Upon the death or Disability (as defined below) of the Executive; 4.5 At the election of the CompanyCompany without Cause, upon not less than fifteen (15) days’ prior written notice of termination; or 4.6 At the election of the ExecutiveExecutive without Good Reason, upon not less than fifteen (15) days’ prior written notice of termination.

Appears in 2 contracts

Samples: Employment Agreement (Achillion Pharmaceuticals Inc), Employment Agreement (Achillion Pharmaceuticals Inc)

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