TERMINATION OR DISCHARGE WITHOUT CAUSE Sample Clauses

TERMINATION OR DISCHARGE WITHOUT CAUSE. (i) The Company reserves the right to discharge Executive at any time and for any reason; but, subject to the express terms of the other subsections of this Section 8 regarding discharge and termination of employment, upon a discharge or termination of Executive's employment by the Company without Cause, Executive shall be entitled to the following severance benefits, provided that Executive executes, delivers to the Company and does not rescind a waiver of claims substantially in the form attached as Exhibit A hereto (the "Release"):
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TERMINATION OR DISCHARGE WITHOUT CAUSE. The Company reserves the right to discharge Executive at any time and for any reason; but, subject to the express terms of the other subsections of this Section 8 regarding discharge and termination of employment, upon such discharge, Executive shall be entitled to the following severance benefits, provided that Executive executes, delivers to the Company and does not rescind a waiver of claims on a form provided by the Company that releases the Company, its employees, officers, directors and related entities from any and all claims arising out of or related to Executive's employment or termination of employment: A Bonus for the year in which termination occurs (the "Terminating Year") equal to the Bonus target for such year provided that the corporate and personal performance objectives are met (calculated and, if earned, payable within 30 days of the end of the Terminating Year) multiplied by a fraction, the numerator of which is the number of days Executive was employed during the Terminating Year and the denominator of which is 365. An amount equal to: (i) two (2) times the scheduled Base Salary in the year in which termination occurs plus (ii) two (2) times the sum of the annual Bonus for the prior three (3) years divided by three (3). Executive's benefits under the supplemental plan, calculated as though Executive had remained actively employed by the Company for an additional two (2) years. Continuation of medical and dental benefits to the extent that Executive is entitled to receive such benefits under the Company's retiree medical plan and subject to the terms and conditions of such plan. In the event of termination of employment under this Section 8(a), Executive shall be subject to and bound by all of the restrictive provisions of Section 7 above. Executive shall not be required to seek other employment or to take other actions to mitigate any damages suffered by the Company nor shall any compensation received by Executive from any other sources reduce any payments or benefits to which he is entitled under this Agreement.
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TERMINATION OR DISCHARGE WITHOUT CAUSE. Reynolds reserves the right to discharge Employee at any time and xxx xxx reason; but such discharge, unless a Discharge For Cause, shall not extinguish the obligation of Reynolds to provide Employee (and, in the event of his prior death, xxx xxsignated beneficiary or beneficiaries or his estate) with the following severance benefits:
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TERMINATION OR DISCHARGE WITHOUT CAUSE. (i) Reynolds reserves the right to discharge Employee at any time and fox xxx xxason; but such discharge, unless a Discharge For Cause, shall not extinguish the obligation of Reynolds to provide Employee with the following severance benefits, xxxxxxxx that Employee executes, delivers to Reynolds and does not rescind a waiver of claims on a form provided xx Xxxxxlds that releases Reynolds, its employees, officers, directors xxx xxxxted entities frxx xxx xnd all claims arising out of or related to Employee's employment or termination of employment:
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TERMINATION OR DISCHARGE WITHOUT CAUSE. Reynxxxx xxxerves the right to discharge Nevix xx any time and for any reason; but such discharge, unless a Discharge For Cause, shall not extinguish the obligation of Reynxxxx xx provide Nevix (xxd, in the event of his prior death, his designated beneficiary or beneficiaries or his estate) with the following severance benefits:
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TERMINATION OR DISCHARGE WITHOUT CAUSE. Reynxxxx xxxerves the right to discharge Bausxxx xx any time and for any reason and not to renew this Agreement; but such non-renewal or discharge, unless a Discharge For Cause, shall not extinguish the obligation of Reynxxxx xx provide Bausxxx (xxd, in the event of his prior death, his designated beneficiary or beneficiaries or his estate) with the following severance benefits: (i) If Reynxxxx xxxs not renew this Agreement, Bausxxx xxxll be entitled to receive for a period expiring one (1) year from May 31, 2000 (or any renewal thereof) payments from Reynxxxx xx an amount equal to his Annual Compensation Value, which shall be reduced by seventy percent (70%) of the amount of compensation received by Bausxxx xxxm any subsequent employment obtained by him during said payment period. (ii) If such discharge occurs prior to May 31, 2000, Bausxxx xxxll be entitled to receive for a period expiring two (2) years from the date of discharge, payments from Reynxxxx xx an amount equal to his Annual Compensation Value, which shall be reduced by seventy percent (70%) of the amount of compensation received by Bausxxx xxxm any subsequent employment obtained by him during said payment period. (iii) Bausxxx xxxll be entitled, during the period expiring on the earlier of Bausxxx'x xxxuring other employment or two (2) years from the date of discharge (or such longer period as required by law), to continuing coverage under the then-existing Reynxxxx-xxxnsored medical benefits program, which, at the option
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TERMINATION OR DISCHARGE WITHOUT CAUSE. Reynxxxx xxxerves the right to discharge Hedexx xx any time and for any reason and not to renew this Agreement; but such non-renewal or discharge, unless a Discharge For Cause, shall not extinguish the obligation of Reynxxxx xx provide
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TERMINATION OR DISCHARGE WITHOUT CAUSE. Reynxxxx xxxerves the right to discharge Holmxx xx any time and for any reason; but such discharge, unless a Discharge For
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Related to TERMINATION OR DISCHARGE WITHOUT CAUSE

  • Discharge Without Cause The Company may discharge the Executive at any time during the Employment Period and, unless such discharge constitutes a discharge with Cause:

  • Termination without Cause or Resignation for Good Reason in Connection with a Change of Control If the Company or its Affiliates terminate Executive’s employment with the Company or its Affiliates, respectively, without Cause or Executive resigns from such employment for Good Reason within twelve (12) months following a Change of Control, and Executive signs and does not revoke a separation agreement and release of claims with the Company (in a form acceptable to the Company), then Executive will receive the following severance from the Company:

  • Termination Without Cause or Resignation for Good Reason If (1) Company terminates Employee’s employment during the Initial Term other than (a) due to Employee’s death or Disability or (b) for Cause (as defined below); or (2) if Employee resigns from Employee’s employment for Good Reason (as defined below) during the Initial Term, Employee shall receive the Accrued Amounts on the Date of Termination and, in addition, subject to the Severance Conditions below, (i) Company shall provide a severance payment equal to three (3) months of Employee’s salary as of the Date of Termination (the “Severance Payment”), divided and paid in equal installments over a period of three (3) months in accordance with Company’s regular payroll practices starting on the first regular payday occurring after the effective date of the Release (as defined below), and (ii) the Company will reimburse Employee for COBRA premiums (at the coverage levels and at the Company-paid rate in effect immediately prior to such termination) for Employee and Employee’s covered dependents until the earliest of (A) the date that is three (3) months following the Date of Termination, (B) the date that Employee (or Employee’s spouse or dependents, as applicable) are no longer eligible for COBRA coverage or (C) the date when Employee receives substantially equivalent health insurance coverage in connection with new employment (the “COBRA Benefit”). Company’s obligation to pay Employee the Severance Payment and COBRA Benefit shall be conditioned on Employee’s satisfaction of the following (the “Severance Conditions”): (1) Employee must first sign, and allow to become effective, a Company-approved separation agreement, which shall include a full general release in a form acceptable to Company, releasing all claims, known or unknown, that Employee may have against Company arising out of or any way related to Employee’s employment or termination of employment with Company (the “Release”); and (2) on or before the effective date of the Release, Employee must have (i) reconfirmed Employee’s agreement to abide by all of the surviving provisions of this Agreement and any other agreement between Employee and Company, (ii) agreed to cooperate in the transition of Employee’s employment; and (iii) agreed not to make any voluntary statements, written or oral, or cause or encourage others to make any such statements that defame, disparage, or in any way criticize the personal and/or business reputations, practices, or conduct of the Company or any of its affiliates. All other Company obligations to Employee will be automatically terminated and completely extinguished.

  • Termination without Cause or Resignation with Good Reason The Company may terminate the Term of Employment without Cause, and the Executive may terminate the Term of Employment for Good Reason, at any time upon written notice. If the Term of Employment is terminated by the Company without Cause (other than due to the Executive’s death or Disability) or by the Executive for Good Reason, in either case prior to the date of a Change in Control or more than one year after a Change in Control, the Executive shall be entitled to the following:

  • Termination without Cause or Resignation for Good Reason in Connection with a Change in Control If the Company terminates Executive’s employment with the Company without Cause (excluding death or Disability) or if Executive resigns from his or her employment for Good Reason, and, in each case, such termination date occurs during the Change in Control Period, then Executive will receive the Accrued Benefits and, subject to Sections 5 through 7, below, Executive will be eligible to receive the following:

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

  • Termination Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Termination Without Cause or Constructive Termination Without Cause In the event the Executive's employment is terminated without Cause, other than due to disability or death, or in the event there is a Constructive Termination Without Cause, the Executive shall be entitled to:

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

  • Termination Without Cause; Resignation for Good Reason (i) The Company may terminate Executive’s employment with the Company at any time without Cause (as defined below). Further, Executive may resign at any time for Good Reason (as defined below).

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