TERMINATION & RESIGNATION Sample Clauses

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 Blackstone may terminate your service at any time for any reason, or for no reason at all with or without Cause; provided, however, that Blackstone shall provide you with written notice at least ninety days prior to the date of the termination of your service during which Blackstone may elect to place you on paid leave for all or part of such ninety-day period; provided, further, that during such ninety-day period, 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 (including participation in any carried interest or fee-sharing program). (b) Notwithstanding the foregoing, you acknowledge and agree that Blackstone may terminate your services hereunder for Cause and such termination shall be effective immediately. For purposes of this SMD Agreement, Cause means the occurrence or existence of any of the following as determined fairly, reasonably, on an informed basis and in good faith by Blackstone: (i) (w) any breach by you of any provision of the Non-Competition Agreement, (x) any material breach of any rules or regulations of Blackstone applicable to you, (y) your deliberate failure to perform your duties to Blackstone, or (z) your committing to or engaging in any conduct or behavior that is or may be harmful to Blackstone in a material way; provided that, in the case of any of the foregoing clauses (w), (x), (y) and (z), Blackstone has given you written notice (a “Notice of Breach”) within fifteen days after Blackstone becomes aware of such action and 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 Blackstone (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, dishonesty, embezzlement or similar conduct against Blackstone; or (iii) conviction (on the basis of a trial or by an accepted plea of guilty or nolo contendere) of a felony or crime (including any misdemeanor charge involving moral turpitude, false statements or misleading omissions, forgery, wrongful taking, embezzlement, extortion or bribery), or a determination by a court of competent jurisdiction, by a regulatory body or by a self-regulatory body having au...

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 the Company at any time during the Term, with or without cause. Executive may resign at any time for any reason.

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. If (i) the Company terminates Executive’s employment with the Company without Cause, (ii) Executive’s employment with the Company terminates due to death or Disability, or (iii) Executive resigns from [his/her] employment with the Company for Good Reason, then, subject to this Section 8 and Section 12, Executive will be entitled to receive: (i) a lump sum payment equal to three (3) times (a) Executive’s annual Base Salary and (b) annual target bonus, both at the level in effect immediately prior to [his/her] termination date; (ii) accelerated vesting of all outstanding equity awards as to 100% of the then unvested portion of any such award; (iii) two years following any such termination in which to exercise any outstanding stock options or other similar rights to acquire Company ordinary shares that are granted to Executive on or after the date the parties execute this Agreement, or, if later, the Effective Date; and (iv) if Executive timely elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) for Executive and Executive’s eligible dependents, the Company will reimburse Executive for the monthly premiums under COBRA for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (1) a period of eighteen (18) months from the date of Executive’s termination of employment, or (2) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans. In addition, and notwithstanding anything to the contrary in this clause (iv), if the Company determines in its sole and reasonable discretion that it cannot reimburse Executive the COBRA premiums without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable monthly payment in an amount equal to the monthly COBRA premium that Executive would be required to pay to continue [his/her] group health coverage in effect on the date of such termination, which payments will be made regardless of whether Executive elects COBRA continuation coverage.

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. 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. (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 Collection Account, are powers coupled with an interest and are not intended to be affected by the bankruptcy (or similar event) of the Off-taker 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 Collection 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 the Off-taker, 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.