Common use of Termination Rights of the Parties Clause in Contracts

Termination Rights of the Parties. The Employee may terminate his employment at any time by giving the Employer thirty (30) calendar days’ prior written notice thereof, whereupon such employment shall terminate on the earlier of: (i) the 30th calendar day following the date on which such notice is given to the Employer; or (ii) any date prior to such 30th day that is specified by the Employer by notice to the Employee. The Employer may terminate the Employee’s employment at any time by giving notice of termination to the Employee, whereupon, unless otherwise specified by the Employer, the date of termination of the Employee’s employment shall be the date on which notice of termination is given to the Employee. Upon the death of the Employee or the Employee’s disability such that he is unable to perform his duties as determined, in good faith, by the Board of Directors of the Employer, his employment shall terminate immediately upon such occurrence. Subject to Section 13, the date on which the Employee’s employment terminates hereunder is hereinafter referred to as the “Termination Date”.

Appears in 2 contracts

Samples: Employment Agreement (Eyegate Pharmaceuticals Inc), Employment Agreement (Eyegate Pharmaceuticals Inc)

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Termination Rights of the Parties. The Employee may terminate his employment at any time by giving the Employer thirty (30) calendar days' prior written notice thereof, whereupon such employment shall terminate on the earlier of: (i) the 30th calendar day following the date on which such notice is given to the Employer; or (ii) any date prior to such 30th day that is specified by the Employer by notice to the Employee. The Employer may terminate the Employee’s 's employment at any time by giving notice of termination to the Employee, whereupon, unless otherwise specified by the Employer, the date of termination of the Employee’s 's employment shall be the date on which notice of termination is given to the Employee. Upon the death of the Employee or the Employee’s 's disability such that he is unable to perform his duties as determined, in good faith, by the Board of Directors of the Employer, his employment shall terminate immediately upon such occurrence. Subject to Section 13, the date on which the Employee’s 's employment terminates hereunder is hereinafter referred to as the “Termination Date”.

Appears in 2 contracts

Samples: Employment Agreement (Eyegate Pharmaceuticals Inc), Employment Agreement (Eyegate Pharmaceuticals Inc)

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Termination Rights of the Parties. The Employee may terminate his her employment at any time by giving the Employer thirty (30) calendar days’ prior written notice thereof, whereupon such employment shall terminate on the earlier of: (i) the 30th calendar day following the date on which such notice is given to the Employer; or (ii) any date prior to such 30th day that is specified by the Employer by notice to the Employee. The Employer may terminate the Employee’s employment at any time by giving notice of termination to the Employee, whereupon, unless otherwise specified by the Employer, the date of termination of the Employee’s employment shall be the date on which notice of termination is given to the Employee. Upon the death of the Employee or the Employee’s disability such that he she is unable to perform his her duties as determined, in good faith, by the Board of Directors of the Employer, his her employment shall terminate immediately upon such occurrence. Subject to Section 13, the date on which the Employee’s employment terminates hereunder is hereinafter referred to as the “Termination Date”.

Appears in 1 contract

Samples: Employment Agreement (Eyegate Pharmaceuticals Inc)

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