TERMINATION & RESIGNATION. Both the employer and the employee may terminate employment at any time by giving the other party the required period of notice as specified below. Instead of providing the above notice the employer may choose to make payment in lieu of notice. If the employee fails to give the required notice, the employee forfeits the entitlement to any monies owing equal to the amount of notice not given. Nothing in this Agreement affects the employer’s right to dismiss an employee without notice for serious misconduct and an employee so dismissed shall only be entitled to be paid for the time worked up to the time of dismissal. The notice of termination period shall be: By the Employer: Years Of Service Less than 1 Year More than 1 but not more than 3 Years More than 3 but not more than 5 years More than 5 Years Required Notice (at least) 1 Week 2 weeks 3 weeks 4 weeks Employees 45 years and over who have completed at least two (2) years continuous service with the employer will receive one (1) additional weeks notice.
TERMINATION & RESIGNATION. (a) You acknowledge and agree that PJT Holdings may terminate your service at any time for any reason, or for no reason at all with or without Cause; provided, however, that PJT Holdings shall provide you with written notice at least ninety days prior to the date of the termination of your service during which PJT Holdings may elect to place you on paid leave for all or part of such ninety-day period. During such ninety-day period (whether or not you are put on paid leave), you shall continue to receive your base draw and benefits, subject to applicable law and the payment of benefits-related premiums, but shall not receive or participate in any profit sharing or bonus arrangements or continue to vest in any equity or other incentive awards, other than as provided in Section 3(c) above or pursuant to the terms of such awards.
(b) Notwithstanding the foregoing, you acknowledge and agree that PJT Holdings may terminate your services hereunder for Cause and such termination shall be effective immediately. For purposes of this Partner Agreement, “Cause” means the occurrence or existence of any of the following: (i) (x) any material breach by you of this Partner Agreement or the Non-Competition Agreement, (y) any material breach by you of any material rules or regulations of PJT Holdings applicable to you that have been provided to you in writing and has a material adverse effect on the business of PJT Holdings, or (z) your deliberate and repeated failure to perform substantially your material duties to PJT Holdings; provided that, in the case of any of the foregoing clauses (x), (y) or (z), PJT Holdings has given you written notice (a “Notice of Breach”) within fifteen days after PJT Holdings becomes aware of such action and, to the extent such action is curable, you fail to cure such breach, failure to perform or conduct or behavior within fifteen days after receipt by you of such Notice of Breach from PJT Holdings (or such longer period, not to exceed an additional fifteen days, as shall be reasonably required for such cure, provided that you are diligently pursuing such cure) (ii) any act of fraud, misappropriation, embezzlement or similar conduct by you against PJT Holdings; or (iii) your being convicted (on the basis of a trial or by an accepted plea of guilty or nolo contendere) of a felony or crime of moral turpitude, or a determination by a court of competent jurisdiction, by a regulatory body or by a self-regulatory body having authority with respect ...
TERMINATION & RESIGNATION. Except in the case of 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 above notice the employer may choose to make payment in lieu of notice. If the employee fails to give the required notice, the employee forfeits the entitlement to any monies owing to equal to the amount of notice not given. Nothing in this Agreement affects the employer’s right to dismiss an employee without notice for serious misconduct and an employee so dismissed shall only be entitled to be paid for the time worked up to the time of dismissal. Employees on probation shall be entitled to one (1) day’s notice of termination. The notice of termination period shall be: Years Of Service: Year 1 Years 2 -3 Years 4 - 5 Over 5 Year Required Notice: 1 week 2 weeks 3 weeks 4 weeks Employees 45 years and over who have completed at least two (2) years continuous service with the employer will receive one (1) additional week’s notice. Two weeks notice in writing or such other period as agreed by the parties.
TERMINATION & RESIGNATION. Subject to the provisions below, Executive may be terminated by GX at any time, with or without cause. Executive may resign at any time for any reason.
TERMINATION & RESIGNATION. (a) Subject to the provisions of Sections 5.3 and 5.4, if the Executive’s employment is terminated automatically under Section 2.3, or if, prior to the expiration of the Transition Period, the Executive’s employment is terminated by the Company or the Executive resigns, the Company shall pay to the Executive in cash any unpaid amounts of the Executive’s Base Salary for periods prior to the date of termination or resignation. Any such amount shall be paid in a lump sum within five business days after the date of termination or resignation.
(b) Subject to the provisions of Sections 5.3 and 5.4, if the Executive’s employment is terminated automatically under Section 2.3, or if, prior to the expiration of the Transition Period, the Executive’s employment is terminated by the Company or the Executive resigns with Good Reason, the Executive shall be entitled to the following continued benefits during the Severance Period:
(i) Medical, dental, vision, and prescription drug coverage for the Executive and his eligible dependents (as defined in the applicable plan), if elected by the Executive or eligible dependents under COBRA. Coverage will be provided initially as COBRA continuation coverage from the date of termination through the end of the applicable COBRA coverage period. The COBRA coverage will be provided under Company group health plans for as long as the Company maintains the group health plans. Upon termination of the Company’s plans, the COBRA coverage will be provided under group health plans maintained by Xxxxxx, Inc. or an affiliate (“Xxxxxx”). If the applicable COBRA coverage period ends before the expiration of the Severance Period, the Executive may elect to continue coverage during the remainder of the Severance Period for Executive and his eligible dependents by seeking coverage under an individual insurance policy acceptable to Xxxxxx. If the Executive demonstrates to Xxxxxx that he is unable to obtain an individual insurance policy with coverage that is substantially equivalent to the coverage under the Company or Xxxxxx plans, then Executive and his eligible dependents may continue coverage under the Xxxxxx group health plan for the remainder of the Severance Period. During the Severance Period, Executive shall pay the same premium contribution rate for coverage that is paid by active Company senior executives while coverage is provided under the Company’s group health plans, and active Xxxxxx senior executives while coverage is provided unde...
TERMINATION & RESIGNATION. Executive acknowledges that his employment with the Corporation has terminated and hereby resigns his position as an officer and director of the Corporation and any and all positions he holds with the Corporation, its subsidiary companies, or any of its other affiliates, effective as of the Date of Termination. From and after the Date of Termination, Executive shall not make any statements or engage in conduct which would lead any person or entity to believe that he is an employee, officer, director, consultant, agent or other authorized representative of the Corporation or any of its subsidiaries.
TERMINATION & RESIGNATION. 5.1 The Board may terminate the Employee’s employment at any time immediately and without notice.
5.2 Employee may resign his employment upon sixty (60) days written notice to the Board. The Board in its sole discretion may accept Employee’s resignation upon written notice less than sixty (60) days.
TERMINATION & RESIGNATION. When a bargaining unit Employee is terminated through resignation or removal, he shall receive full compensation for all accrued vacation or compensatory time. Payment shall be made at the rate of pay at the time of termination.
TERMINATION & RESIGNATION. (a) The Employer may terminate employment at any time by giving the required period of notice specified below, or making payment in lieu of notice: Not more than 1 year At least 1 week More than 1 year but not more than 3 years At least 2 weeks More than 3 years but not more than 5 years At least 3 weeks More than 5 years At least 4 weeks Not more than 1 year At least a moment’s notice More than 1 year At least 1 week
(b) Employees 45 years of age and over who have completed at least 2 years continuous service with the Employer will receive 1 additional week’s notice.
(c) Nothing in this clause affects the Employer’s rights pursuant to clause 4, Probationary Employment, to terminate the employment of a probationary employee.
(d) Nothing in this clause affects the Employer’s right to instantly dismiss the employee for serious and willful misconduct.
(e) Employees are required to give the following period of notice of termination of employment: Not more than 1 year 1 week More than 1 year 2 weeks
(f) If the employee fails to give at least one week’s notice, the employee agrees to the deduction from their final pay of an amount equal to the ordinary earnings that would have been paid over the amount of notice not given.
TERMINATION & RESIGNATION. The rights and powers granted herein to the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and are not intended to be affected by the bankruptcy (or similar event) of VCP or the lapse of time. The obligations of the Intermediary hereunder shall continue in effect until the security interest of the Collateral Agent in the Collateral Account has been terminated pursuant to the Security Agreement and the Collateral Agent has notified the Intermediary of such termination in writing. The Intermediary may at any time resign by giving at least 30 days’ prior written notice of resignation to the Collateral Agent and VCP, and may at any time (with or without cause) be removed by the Collateral Agent by giving at least 30 days’ prior written notice to the Intermediary from the Collateral Agent, and such resignation or removal shall be effective upon the appointment by the Collateral Agent of a successor and the acceptance by the successor of such appointment.
