Termination of Xxxxxxx’x Employment Sample Clauses

Termination of Xxxxxxx’x Employment. Immediately after the Effective Time (as that term is defined in the Merger Agreement) and pursuant to the terms of Section 8(c)(iii) of the Senior Advisor Agreement, each party hereto agrees and acknowledges that Hawk will terminate Xxxxxxx’x employment with the Company (with no such further action being required). Pursuant to such termination, Hawk hereby acknowledges that Xxxxxxx shall be entitled to the Base Wages (as that term is defined in the Senior Advisor Agreement) and bonuses payable under Sections 8(c)(iii) and 8(d)(ii) of the Senior Advisor Agreement to Xxxxxxx, which bonuses for purposes of this agreement and payment hereunder to Xxxxxxx shall be fixed at the amount of $250,000 per annum, for the remainder of the Advisory Period. Hawk shall be obligated to continue to provide and/or pay for the existing health coverage to Xxxxxxx for the remainder of the Advisory Period as provided under Section 8(c)(iii) and 8(d)(iii) of the Senior Advisor Agreement.
Sample 1
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Related to Termination of Xxxxxxx’x Employment

  • 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.

  • 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.

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

  • 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.

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

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Early Termination of the Employment Period Notwithstanding Section 1(b) hereof, the Employment Period shall end upon the earliest to occur of (i) a Termination For Cause, (ii) a Termination Without Cause, (iii) a Voluntary Termination, (iv) a Termination Due to Retirement, (v) a Termination Due to Disability, or (vi) a Termination Due to Death.

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

  • Termination of Employment or Service If the Participant’s employment or service with the Company and its Affiliates terminates for any reason, all unvested RSUs shall be cancelled immediately and the Participant shall not be entitled to receive any payments with respect thereto.

  • Involuntary Termination of Employment If the Executive exercises his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason including termination due to disability of the Executive, but excluding termination for Cause, or termination following a Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to record a final Phantom Contribution in an amount equal to: (i) the full Phantom Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Phantom Contributions.

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