Termination Prior to the Separation Date Clause Samples
The 'Termination Prior to the Separation Date' clause defines the conditions under which an agreement can be ended before a specified separation date. Typically, this clause outlines the specific events or breaches that would allow either party to terminate the contract early, such as failure to meet obligations or mutual agreement. Its core practical function is to provide a clear mechanism for ending the relationship before the planned date, thereby managing risk and offering flexibility if circumstances change.
Termination Prior to the Separation Date. This Agreement may be terminated by J&J at any time, in its sole discretion, prior to the Separation Date. In the event of any termination of this Agreement prior to the Separation Date, neither Party (nor any of its directors or officers) shall have any Liability or further obligation to the other Party under this Agreement.
Termination Prior to the Separation Date. In the event that ▇▇. ▇▇▇▇▇’▇ employment ends for any reason prior to the Separation Date, the terms and conditions of Section 8 of the Employment Agreement shall govern and ▇▇. ▇▇▇▇▇ shall not be eligible to receive any of the Post-Employment Benefits; provided, however, that if the Company terminates ▇▇. ▇▇▇▇▇’▇ employment without Cause (as defined in the Employment Agreement) prior to the Separation Date, he shall be eligible to receive the severance benefits set forth in Section 8(d) of the Employment Agreement.
Termination Prior to the Separation Date. In the event the Company terminates Ms. ▇▇▇▇▇▇▇▇▇’▇ ▇▇▇loyment without Cause prior to the Separation Date (the date of any such early termination, the “Early Termination Date”), and provided that Ms. ▇▇▇▇▇▇▇▇▇ ▇▇▇ns the Additional Release on the Early Termination Date (unless the Early Termination Date is less than 21 days after the Receipt Date, in which event Ms. ▇▇▇▇▇▇▇▇▇ ▇▇▇t sign it no earlier than the Early Termination Date but no later than the 22nd day after the Receipt Date), does not revoke the Additional Release, and complies with her obligations hereunder, the Company will, in addition to providing to Ms. ▇▇▇▇▇▇▇▇▇ ▇▇▇ Accrued Obligations: (a) pay to her, in the Company’s first regular payroll cycle following the expiration of the Additional Release’s revocation period, an amount equal to the base salary she would have received between the Early Termination Date and March 12, 2020 had her employment not ended prior to such date; (b) on such date as 2019 bonuses are paid to Company executives, pay to her any 2019 bonus she would have received on or prior to March 12, 2020 had her employment not ended on the Early Termination Date; (c) accelerate the vesting schedule of the Equity Awards, such that Ms. ▇▇▇▇▇▇▇▇▇ ▇▇▇ll time-vest in such additional number of shares of common stock of the Company as she would have vested between the Early Termination Date and March 12, 2020 had she remained employed by the Company through such date (provided that any equity awards with performance-vesting conditions shall remain subject to the performance vesting provisions, as set forth in the applicable