Termination Under the Employment Agreement Sample Clauses

Termination Under the Employment Agreement. In the event of the Executive’s “Termination” (as defined in the Employment Agreement) for any reason other than death or Disability prior to the Executive’s Early or Normal Retirement Date, the benefits payable under the Plan shall be vested in a percentage of the SERP Benefit equal to the fraction, not to exceed 1.0, obtained by dividing (a) by (b), where (a) equals the full calendar months of the Executive’s Service from and after January 1, 2007 and where (b) equals the full calendar months from and after January 1, 2007 until the first that would have occurred of the Executive’s Early Retirement Date (determined as if the Executive had remained in Service until attainment of his Early Retirement Date) or Normal Retirement Date.
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Termination Under the Employment Agreement. In the event of the Executive’s “Termination” (as defined in the Employment Agreement) for any reason other than Disability prior to his Early Retirement Date, the vested portion of the Executive’s SERP Benefit shall be payable in the applicable form specified in Section 4.9(a) of the Plan, and shall be paid in accordance with Section 4.9(b) of the Plan.
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Termination Under the Employment Agreement. Section 4.9(c) of the Plan is superseded in its entirety by the provisions of this paragraph 5(c). In the event of the Executive’s “Termination” (as defined in the Employment Agreement) for any reason other than death or Disability prior to his Normal Retirement Date, the vested portion of the Executive’s SERP Benefit shall be payable in the applicable form specified in Section 4.9(a) or Section 4.9(b) of the Plan, and shall be paid as soon as practicable after the Executive’s Normal Retirement Date; provided, however, that if the Executive’s termination is on or after his Early Retirement Date, the SERP Benefit shall be paid as soon as practicable after the Executive’s termination.
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Related to Termination Under the Employment Agreement

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

  • Termination of Employment Agreement As of the Effective Date, the Employment Agreement hereby is terminated in its entirety and shall no longer have any force or effect.

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

  • Agreement Termination In the event Contractor is unable to fulfill its responsibilities under this Agreement for any reason whatsoever, including circumstances beyond its control, County may terminate this Agreement in whole or in part in the same manner as for breach hereof.

  • Employment Status Termination Following Change in Control (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder. (b) Any termination of your employment by the Company or by you following a Change in Control of the Company during the Term shall be communicated by written notice of termination that indicates the specific provision in this Agreement relied upon and sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of your employment under the provision so indicated ("Notice of Termination"). A Notice of Termination shall be delivered to the other party hereto in accordance with Section 6.

  • Amendment to Employment Agreement 2 of the Employment Agreement is amended and restated in its entirety to read as follows:

  • Termination by Mutual Agreement of the Parties Executive’s employment with the Company may be terminated at any time upon a mutual agreement in writing of the Parties. Any such termination of employment shall have the consequences specified in such agreement.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT. 8.02 In the event of termination of either a Purchase Order or this Agreement, the payment of monies due CONSULTANT for work performed prior to the effective date of such termination shall be paid within thirty (30) days after receipt of an invoice as provided in this Agreement. Upon payment for such work, CONSULTANT agrees to promptly provide to WESTERN all documents, reports, purchased supplies and the like which are in the possession or control of CONSULTANT and pertain to WESTERN.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Termination by Mutual Agreement This Contract may be terminated by mutual written agreement of the Parties.

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