Termination of Term Positions Sample Clauses
The 'Termination of Term Positions' clause defines the conditions and procedures under which fixed-term roles or appointments may be ended before their scheduled expiration. Typically, this clause outlines the grounds for early termination, such as breach of contract, redundancy, or mutual agreement, and may specify notice periods or severance entitlements. Its core practical function is to provide a clear framework for ending term-based positions, thereby reducing uncertainty and potential disputes for both parties involved.
Termination of Term Positions. The employment of a member with term status, in a term position, ends automatically upon the expiration of the stated term date, without notice. A member with term status whose term position ends prior to its stated expiration date will be provided with one (1) month notice or pay in lieu of notice.