Termination of Your Employment Agreement Sample Clauses

Termination of Your Employment Agreement. As of the Effective Date of Retirement, your Employment Agreement with the Bank dated December 31, 2008 (the “Employment Agreement”), by the mutual agreement of the parties hereto, shall be terminated and be of no further force and effect, except Section 9 (Post-Termination Obligations), Section 10 (Non-Competition) and Section 21 (Indemnification) shall remain in effect to the extent set forth therein. You agree that as a result of your retirement, you shall not be entitled to, and hereby waive any claim to, any payment or other benefit under the Employment Agreement, except for any earned but unpaid compensation thereunder. Furthermore, you hereby acknowledge that your retirement does not constitute an “Event of Termination” pursuant to Section 4 of the Employment Agreement.
Sample 1
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Termination of Your Employment Agreement. Your Employment Agreement will be terminated and neither you nor the Company or any of its affiliates shall have any obligation or liability of any kind under the Employment Agreement. By signing this Agreement, you are electing to forgo any payments and benefits you may otherwise be eligible to receive under the Employment Agreement, other than the payments and benefits under your Employment Agreement that are being preserved under the supplemental retirement agreement that you and the Company are entering into as of the effective date of this Agreement.
Sample 1

Related to Termination of Your Employment Agreement

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

  • Termination of Employment Relationship 3.1 The Executive’s employment with the Company shall automatically terminate, and the Employment Term shall thereupon terminate:

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Termination of Employment With Cause If the Participant is terminated for Cause, the Performance Share Unit Award will be forfeited. For this purpose, “Cause” is defined in the employment agreement in effect between the Participant and the Company or any subsidiary, including any employment agreement entered into after the Award Date. In the absence of an employment agreement, “Cause” means any breach by the Participant of any of his or her material obligations under any Company policy or procedure, including, without limitation, the Code of Conduct.

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

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • 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 The Executive’s employment hereunder shall terminate under the following circumstances:

  • Termination of Employment and Options Vested Options shall terminate, to the extent not previously exercised, upon the occurrence of the first of the following events:

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