TERMINATION OF ENGAGEMENT; GROUNDS FOR TERMINATION Sample Clauses

TERMINATION OF ENGAGEMENT; GROUNDS FOR TERMINATION. The Contractor's engagement shall terminate prior to the expiration of the initial term set forth in Section 2 or any extension thereof in the event that at any time: (i) The Contractor dies, (ii) The Board elects to terminate this Agreement for "cause" and notifies the Contractor in writing of such election, (iii) The Board elects to terminate this Agreement without "cause" and notifies the Contractor in writing of such election, (iv) The Contractor elects to terminate this Agreement and notifies the Company in writing of such election, or (v) The Contractor elects to terminate this Agreement for "good reason" (as defined below) and notifies the Company in writing of such election. If this Agreement is terminated pursuant to clause (i) or (ii) of this Section 8(a), such termination shall be effective immediately. If this Agreement is terminated pursuant to clause (iii), (iv), or (v) of this Section 8(a), such termination shall be effective 30 days after delivery of the notice of termination.
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TERMINATION OF ENGAGEMENT; GROUNDS FOR TERMINATION. (a) Xxxxx’x engagement shall terminate prior to the expiration of the Initial Term set forth in Section 2 or any extension thereof in the event that at any time: (i) Xxxxx dies or is permanently disabled (substantially unable to perform his duties due to physical or mental incapacity for a period of ninety (90) consecutive days or one-hundred and twenty (120) out of one hundred and fifty (150) consecutive days), (ii) The Board elects to terminate this Agreement for “cause” and notifies Xxxxx in writing of such election, (iii) The Board elects to terminate this Agreement without “cause” and notifies Xxxxx in writing of such election, (iv) Xxxxx elects to terminate this Agreement and notifies the Company in writing of such election, or (v) Xxxxx elects to terminate this Agreement for “good reason” (as defined below) and notifies the Company in writing of such election or (vi) the Company undergoes a change of control by which the majority of the beneficial and voting ownership interest in the Company changes hands.
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TERMINATION OF ENGAGEMENT; GROUNDS FOR TERMINATION. (a) Topping’s engagement shall terminate prior to the expiration of the initial term set forth in Section 2 or any extension thereof in the event that at any time: (i) Topping dies or is permanently disabled (substantially unable to perform his duties due to physical or mental incapacity for a period of ninety (90) consecutive days or one-hundred and twenty (120) out of one hundred and fifty (150) consecutive days), (ii) The Board elects to terminate this Agreement for “cause” and notifies Topping in writing of such election, (iii) The Board elects to terminate this Agreement without “cause” and notifies Topping in writing of such election, (iv) Topping elects to terminate this Agreement and notifies the Company in writing of such election, or (v) Topping elects to terminate this Agreement for “good reason” (as defined below) and notifies the Company in writing of such election or (vi) the Company undergoes a change of control by which the majority of the beneficial and voting ownership interest in the Company changes hands.
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Related to TERMINATION OF ENGAGEMENT; GROUNDS FOR TERMINATION

  • Grounds for Termination This Agreement may be terminated at any time prior to the Closing:

  • Termination of Engagement (a) This Agreement shall terminate (i) immediately upon the death of Consultant, (ii) at the option of either party hereto without cause upon thirty (30) days advance written notice from the terminating party to the other party, or (iii) upon the termination of this Agreement by the Contractor for "cause." For the purposes of this Agreement, "

  • Voluntary Termination or Termination for Cause If Executive is no longer employed by the Company or any of its subsidiaries as a result of Executive's termination for Cause or resignation, then on or after the Termination Date, the Company may elect to purchase all or any portion of the Executive Units at a price per Unit equal to the lower of the Original Value thereof or the Fair Market Value thereof determined as described in clause (b)(1) above; provided, however, that if Executive resigns on or after the fifth anniversary of the date hereof, then on or after such Termination Date, the Company may elect to purchase all or any portion of the Executive Units at a price per unit equal to the Fair Market Value thereof determined as described in clause 3(b)(1) above.

  • Basis for Termination This Agreement may be terminated and the transactions contemplated hereby abandoned at any time prior to the Closing Date:

  • Reasons for Termination Executive’s employment hereunder may or will be terminated during the Employment Period under the following circumstances:

  • Earlier Termination Your employment hereunder shall terminate prior to the Initial Term (or any renewal term, in the event of renewal) on the following terms and conditions:

  • Voluntary Termination; Termination for Cause If Executive's employment with the Company terminates voluntarily by Executive or for Cause by the Company, then all vesting of the Option and all other options granted to Executive will terminate immediately and all payments of compensation by the Company to Executive hereunder and all obligations with respect thereto (including, without limitations, with respect to base salary, bonuses, employee benefits, relocation and temporary living reimbursements and other expense reimbursements) will terminate immediately (except as to amounts already earned).

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • Rights in Event of Termination of Employment Absent Change in Control (a) In the event that Executive's employment is involuntarily terminated by HMS without Cause and no Change in Control shall have occurred as of the date of such termination, upon execution of a mutual release, HMS will provide Executive with the following pay and benefits: (i) a payment in an amount equal to the greater of: that portion of the Executive’s Agreed Compensation for the then existing Employment Period that has not been paid to Executive as of the date his employment terminates, or 1.0 times the Executive’s Agreed Compensation. Such amount shall be payable in twelve (12) equal monthly installments; and (ii) subject to plan terms, Executive’s continued participation in HMS's employee benefit plans for twelve (12) months or until Executive secures substantially similar benefits through other employment, whichever shall first occur. If Executive is no longer eligible to participate in an employee benefit plan because he is no longer an employee, HMS will pay Executive the amount of money that it would have cost HMS to provide the benefits to Executive. However, in the payments described herein, when added to all other amounts or benefits provided to or on behalf of the Executive in connection with his termination of employment, would result in the imposition of an excise tax under Code Section 4999, such payments shall be retroactively (if necessary) reduced to the extent necessary to avoid such imposition. Upon written notice to Executive, together with calculations of HMS's independent auditors, Executive shall remit to HMS the amount of the reduction plus such interest as may be necessary to avoid the imposition of such excise tax. Notwithstanding the foregoing or any other provision of this Agreement to the contrary, if any portion of the amount herein payable to the Executive is determined to be non-deductible pursuant to the regulations promulgated under Section 280G of the Code, then HMS shall be required only to pay to Executive the amount determined to be deductible under Section 280G.

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

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