Termination or Suspension of Employment Sample Clauses

Termination or Suspension of Employment. (a) Termination without Cause. ------------------------- Notwithstanding anything to the contrary contained in this Agreement, subject to Executive receiving the compensation set forth in subsection (h) of this Section 7, the Bank's Board of Directors may terminate the Executive's employment under this Agreement at any time.
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Termination or Suspension of Employment. Except in the case of casual and probationary employees, either party may terminate employment at any time by giving the other party the required period of notice specified below. Instead of providing the specified notice, the Company may choose to make payment in lieu of notice. If you fail to give the required notice, you forfeit the entitlement to any monies owing equal to the amount of notice not given. Nothing in this agreement affects the Company’s right to dismiss you without notice for serious misconduct, and if so dismissed, you shall only be entitled to be paid for the time worked up to the time of dismissal and any entitlements accrued to such time. Probationary employees are entitled to one day’s notice of termination The notice of termination period for the (permanent full time) employee shall be:
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Termination or Suspension of Employment. Notwithstanding the stated Term of this Agreement, Executive is and remains an at-will employee of the Authority and may be terminated at any time prior to the expiration of the stated Term. This Agreement, and Executive’s employment, may be terminated prior to the Expiration Date of this Agreement upon the occurrence of any of the following:
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Termination or Suspension of Employment. OR SERVICE (as defined under Section 11 of the Plan). (a) Except as otherwise determined by the Committee at the time of grant or as required to comply with applicable law, and as set forth under Section 3 above, upon termination of employment or service of the Awardee for any reason during the restriction period noted under Section 3 above, shares of the Restricted Stock Award still subject to restriction shall be forfeited by Awardee and reacquired by Micro at the price (if any) paid by Awardee for such Restricted
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Termination or Suspension of Employment. OR SERVICE (as generally defined under Section 11 of the Plan). (a) In the event Awardee voluntarily terminates his/her employment with Micro or an Affiliate, Awardee's unvested Restricted Stock Unit Award will be cancelled (forfeited) on such termination date. (b) In the event of Awardee's disability or death, the forfeiture or vesting of Awardee's unvested Restricted Stock Unit Award will be determined in accordance with the conditions listed under Section 3 above. In cases of special circumstances, the Committee may, in its sole discretion, when it finds that a waiver would be in the best interests of Micro, waive in whole or in part any or all remaining restrictions with respect to such Awardee's shares of the Restricted Stock Unit Award. (c) In the event Awardee's employment with Micro or an Affiliate is involuntarily terminated by Micro or an Affiliate other than for cause (as defined under the 2007 LTP), Awardee's unvested Restricted Stock Unit Award will vest in accordance with the conditions listed in Section 3 above. (d) Except as the Committee may otherwise determine, termination of Awardee's employment or service for any reason shall occur on the date such Awardee ceases to perform services for Micro or any Affiliate without regard to whether such Awardee continues thereafter to receive any compensatory payments therefrom or is paid salary thereby in lieu of notice of termination or, with respect to a member of the Board who is not also an employee of Micro or any Affiliate, the date such Awardee is no longer a member of the Board.
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Termination or Suspension of Employment. 22.1 Should a Pilot be placed on suspension for any reason other than as specified in clause 21 of this agreement, the period of suspension shall not exceed twenty-eight (28) days and be with full pay and the Pilot shall have recourse to the disputes settlement procedures in clause 9 22.2 The services of a Pilot shall be terminated by either the Company or the Pilot giving twenty-eight (28) days notice in writing or by paying or forfeiting as the case may be, twenty-eight (28) days pay in lieu of such notice. Provided that this period of notice may be reduced or waived by mutual agreement and provided that nothing shall derogate from the Company's right at common law to dismiss a Pilot without notice for misconduct. 22.3 The requirement to give notice applies to termination for any reason, except where the termination is for conduct justifying instant dismissal. In the case of conduct justifying instant dismissal, the dismissal shall be immediate. 22.4 A pilot with six months service or greater who has been dismissed shall have access to the dispute resolution procedures and any relevant appeal process available under the Act. If found to have been unfairly dismissed shall be reinstated and to be paid for the period from when the termination took place until proceedings are completed. 22.5 If a Pilot resigns or is given notice of termination whilst the Pilot is away from home base, the Pilot, their partner and dependent children then residing with the Pilot, shall be returned to the Pilots' home base (as defined) at the Company's expense fourteen days prior to date of termination. 22.6 Where, during their employment with the Company, a Pilot's instrument flight rating, which the Pilot possessed when the Pilot joined the Company has lapsed through no fault of the Pilot, and then if the Pilot's employment is terminated in any manner, the Company shall meet the cost of renewing such rating. This entitlement shall not apply to Pilots with less than 6 months service with the company.
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Termination or Suspension of Employment 
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Related to Termination or Suspension of Employment

  • Suspension of Employment If the Employee is suspended and/or temporarily prohibited from participating in the conduct of the Bank's affairs by a notice served under Section 8(e)(3) or (g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), the Bank's obligations under the Agreement shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank shall, (i) pay the Employee all or part of the compensation withheld while its contract obligations were suspended and (ii) reinstate any of its obligations which were suspended.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Notice of Termination of Employment 2601 Employment may be terminated voluntarily by a nurse or for just cause by the Employer subject to the following periods of written notice, exclusive of any vacation due: (a) for classifications other than Nurse IV or Nurse V -- four (4) weeks, and (b) for Nurse IV and Nurse V classifications -- six (6) weeks. 2602 Employment may be terminated with less notice or without notice: (a) by mutual agreement between the nurse and the Employer for special circumstances, or (b) during the probationary period of a newly hired nurse subject to Article 31 herein, or (c) in the event a nurse is dismissed for sufficient cause to justify lesser or no notice. 2603 The Employer may give equivalent basic pay in lieu of notice. 2604 Subject to other provisions contained in this Agreement relative to termination of employment, each nurse shall, unless otherwise mutually agreed, upon termination of her/his employment and within five (5) office working days following the completion of her/his last working shift, receive pay in lieu of unused vacation, and all salary earned to date of termination.

  • Involuntary Termination of Employment If the Executive does not exercise his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason, including a termination due to disability of the Executive but excluding termination for Cause, or termination following a Change in Control within thirty-six (36) months of such Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to make an immediate lump sum Contribution to the Executive's Retirement Income Trust Fund in an amount equal to: (i) the full 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 Contributions to the Retirement Income Trust Fund; provided however, that, if necessary, an additional amount shall be contributed to the Retirement Income Trust Fund which is sufficient to provide the Executive with after tax benefits (assuming a constant tax rate equal to the rate in effect as of the date of the Executive's termination) beginning at his Benefit Age, equal in amount to that benefit which would have been payable to the Executive if no secular trust had been implemented and the benefit obligation had been accrued under APB Opinion No. 12, as amended by FAS 106.

  • Termination of Executives Employment Termination of Executive's Employment means that (i) the Company has terminated Executive's employment with the Company (including any subsidiary of the Company) other than for Cause (as defined in Section 5.2), death or Disability (as defined in Section 5.3), or (ii) Executive, by written notice to the Company, has terminated his employment with the Company (including any subsidiary of the Company) for Good Reason (as defined below). For purposes of this Agreement, "Good Reason" means:

  • Termination of Employment Period The Agreement Term shall terminate upon the occurrence of any of the following:

  • Cessation of Employment In the event Executive shall cease to be employed by the Company for any reason, then Executive's compensation and benefits shall cease on the date of such event, except as otherwise provided herein or in any applicable employee benefit plan or program.

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

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