Termination of the Employment Agreement a. The employment relationship may be terminated under any of the following conditions:
i. If both parties mutually agree to terminate the employment relationship.
ii. If the term of employment has ended, or the work itself has ended.
iii. If the Employee dies or acquires a disability or injury which prevents him/her from carrying out the duties of his/her position, as proven by a report issued by a medical authority.
iv. If the Employee’s age exceeds the retirement age specified in the Social Security Law of Jordan, unless both parties mutually agree to continue the employment relationship.
b. If the Employer terminates the employment agreement before the term of employment has ended, or the Employee terminates the employment agreement for one of the reasons set out in Article 29 of the Labour Law of Jordan, the Employee shall be entitled to all the rights and dues specified in the contract, including salary, benefits and other amounts due to the Employee in accordance with the law, in addition to an amount equivalent to the total value of the Employee’s wages for the remainder of the term of employment, provided that the contract has not been terminated in accordance with Article 28 of the Labour Law of Jordan.
c. If the Employee terminates the employment agreement under circumstances which do not fall under the provisions of Article 29 of the Labour Law of Jordan, the Employer may seek compensation for losses or damages incurred as a result of the termination of the contract, the value of which shall be determined in a court of competent authority, provided that the compensation does not exceed half of the total value of the Employee’s wages for the remainder of the term of employment.
Termination of the Employment Agreement. (a) The Parties hereby mutually terminate the Employment Agreement as amended and all of its provisions (notwithstanding anything contained in the Employment Agreement to the contrary) effective immediately, and from and after the date hereof the Employment Agreement as amended, including without limitation any non-compete provision, shall be null and void and have no further effect.
(b) The Parties shall continue their employment relationship on an at-will basis, which means that either the Executive or Centerline may modify or terminate the employment relationship at any time, for any reason, with or without notice.
(c) Executive acknowledges that, to date, he has not suffered any on-the-job injury or illness for which he has not already filed a claim, and that he does not know of any unlawful or inappropriate conduct at Centerline, whether involving its business conduct or policies or with respect to its employment policies, actions or decisions, that he has not already reported to Centerline.
Termination of the Employment Agreement. The Employment Agreement and each Party's rights thereunder are hereby terminated, including, without limitation, Executive's right to receive any "Base Salary" (as defined in the Employment Agreement), bonus or other compensation, or any entitlement to severance or other payments upon termination of employment under the Employment Agreement.
Termination of the Employment Agreement. The Parties agree that the Employment Agreement is hereby terminated and of no further force and effect as of the Resignation Date, and no payments or benefits are due or payable thereunder, except that paragraphs 7, 8 and 10 (respecting confidential information, non-solicitation and remedies) of the Employment Agreement shall survive termination.
Termination of the Employment Agreement. A. The Parties agree that the City's business can only succeed if the Employee and the City Manager enjoy a working relationship based upon mutual respect, trust, and positive attitudes. Accordingly, Employee serves at the pleasure of the City Manager and is an "at will" employee of the City of Nome. The City may terminate the employment of the Employee, without cause, at any time during the term of this Agreement by directing written notice of termination to Employee by certified or registered mail, return receipt requested, or by hand delivery. In the event of termination without cause while Employee is ready, willing, and able to perform the duties of the Human Resources Manager for the City of Nome, City shall pay Employee a sum equal to two (2) month of Employee's annual compensation. The Employee shall also be entitled to the balance of accrued personal leave to the date of termination.
Termination of the Employment Agreement. A. The Parties agree that the City's business can only succeed if the Employee and the City Manager enjoy a working relationship based upon mutual respect, trust, and positive attitudes. Accordingly, Employee serves at the pleasure of the City Manager and is an "at will" employee of the City of Nome. The City may terminate the employment of the Employee without cause at any time during the term of this Agreement by directing written notice of termination to Employee by certified or registered mail, return receipt requested, or by hand delivery. In the event of termination without cause while Employee is ready, willing, and able to perform the duties of Port Director, the City shall pay Employee a sum equal to two months of Employee's annual compensation. The Employee shall also be entitled to the balance of accrued personal leave to the date of termination.
B. City may terminate Employee for Cause. Termination for "Cause" means termination because of (a) willful misconduct in the performance of Employee's duties, conviction of Employee of a felony, a crime involving moral turpitude, or any other illegal conduct substantially detrimental to the business or reputation of the City, dishonesty which has resulted in material damages to the property or business of the City, material misappropriation of, or intentional material damage to, the property or business of the City, Employee's perpetration of fraud on the City which has resulted in material damage to the City; (b) Employee's willful or negligent failure to perform Employee's duties, including Employee's refusal to comply in any material respect with the reasonable and legal directives of the City Manager, so long as such directives are not inconsistent with Employee's position and duties, and such refusal to comply is not remedied within 10 working days after written notice from the City Manager, which notice shall state that failure to remedy such conduct shall result in termination; or (c) any loss of confidence on the part of the City Manager in Employee's ability to continue to effectively carry out Employee's duties under this Agreement. Should City intend to terminate Employee for cause, Employee shall be given written notice of the reasons for the termination and an opportunity to respond in person before the City Council in an open or an executive session at Employee's sole option, prior to the effective date of the termination of employment. If the relationship is so terminated, the Employee sh...
Termination of the Employment Agreement. The Parties agree that the Employment Agreement is hereby terminated and of no further force and effect as of the Effective Date, except with respect to the Executive’s and the Company’s obligations under Sections 4 — Restrictive Covenants, 9 — Waiver of Breach, 12 — Applicable Law, Jurisdiction, and 13 — Attorney and Trial Costs, all of which survive the termination of the Employment Agreement; provided, that the following amendments are hereby made to the surviving provisions of the Employment Agreement: (i) for purposes of Section 4(a) of the Employment Agreement, the non-public information of the Company acquired by, or disclosed to, the Executive shall include, but not be limited to, all information related to the Company’s intellectual property, including without limitation, its U-GAS fluidized bed gasification technology, and (ii) the third sentence of Section 4(b) of the Employment Agreement is replaced in its entirety with the following: “As of the date hereof, the Business of the Corporation is to develop projects or provide the technology for projects that convert coal and coal/biomass fuels through coal gasification technology to products for the chemicals, transportation fuels, natural gas, and power markets.” This Agreement shall have no effect on the Indemnification Agreement, which is hereby ratified and affirmed and shall remain in full force and effect.
Termination of the Employment Agreement. 2.1 Pursuant to the terms of the Employment Agreement, either Party may terminate the employment of the Executive under the Employment Agreement by giving the other Party twelve months written notice or payment of twelve months base salary of the Executive at the rate in effect at the time of termination in lieu of such notice (collectively “Termination Notice Requirement”).
2.2 Notwithstanding anything to the contrary as provided in the Employment Agreement regarding the Termination Notice Requirement, in consideration of their mutual desire to end the employment relationship under the Employment Agreement and the undertaking by the Company to confer or extend, regardless of the termination of the Employment Agreement, such benefit(s) for the Executive as more particularly mentioned in Clause 2.4 below, the Parties mutually agree to amend the Termination Notice Requirement and to effect such amendments in accordance with Clause 2.3 below with a view to terminating the Employment Agreement and the employment thereunder with effect upon the Effective Time.
2.3 The Company and the Executive agree that the Termination Notice Requirement shall be amended and modified so that the Company shall pay the Executive an amount of US$318,750 representing 75% of US$425,000, being twelve months base salary of the Executive at the rate in effect at the time of termination, in lieu of relevant twelve month termination notice. The Company undertakes and agrees that it will make such payment of US$318,750 in one lump sum to the Executive within five (5) business days (excluding Saturday, Sunday and public holiday in Macau) after the date of this Agreement.
2.4 Apart from the undertaking to make the relevant payment as set out in Clause 2.3 above), the Company also undertakes to confer or extend the following benefit(s) for the Executive regardless of the termination of the Employment Agreement :
(a) notwithstanding the provisions of Section 12 of the Amended and Restated 1999 Stock Option Plan of Elixir Gaming Technologies, Inc., the Executive shall be allowed to keep and to exercise (to the extent if the same or any part thereof has not been exercised prior to the Effective Time) his initial grant of 1,200,000 options at the exercise price of US$2.90 per share of Elixir Gaming Technologies, Inc. (“Initial Grant”) until 31st December 2010. For the avoidance of doubt, all unvested portion of the Initial Grant shall continue to vest until 31st December 2010 and shall expire o...
Termination of the Employment Agreement. Effective upon the execution of this Agreement by both parties, the Employment Agreement shall be terminated and be of no further force or effect and the rights and obligations of the parties thereunder shall be as set forth herein.
Termination of the Employment Agreement. New Century and Xx. XXXXXX voluntarily agree mutually to terminate Xx. XXXXXX'x Employment Agreement ("Employment Agreement"), dated January 1, 1999, with New Century, pursuant to the terms and conditions of this Agreement. Accordingly, Xx. XXXXXX'x employment with New Century will terminate, effective December 27, 2000. In this regard, both New Century and Xx. XXXXXX expressly waive the termination and notice requirements concerning the termination of his employment contained in the Employment Agreement and its amendments.
