TERMINATION UPON RESIGNATION Sample Clauses

TERMINATION UPON RESIGNATION. If this Agreement is terminated because of the voluntary resignation of the Executive hereunder, the Executive shall be entitled to receive his Salary and Benefits through the effective date of his termination and any vested portions of his Incentive Compensation or
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
TERMINATION UPON RESIGNATION. If this Agreement is terminated because of the voluntary resignation of the Employee hereunder, the Employee shall be entitled to receive his Salary and Benefits through the effective date of his termination and any vested portions of his Incentive Compensation. The Employee shall not be entitled to any other Incentive Compensation.
Sample 1
TERMINATION UPON RESIGNATION. Notwithstanding anything stated in this Agreement to the contrary, with fifteen (15) days prior written notice, the Executive may resign from her position for the remainder of the Term of the Executive’s employment hereunder. Such notice shall explicitly state in reasonable detail the reason(s) for such resignation. Upon receipt of such written notice, the Company, in its sole discretion, may shorten the fifteen (15) day prior notice requirement. Upon a resignation by the Executive pursuant to this Section, the Executive shall be entitled to compensation and benefits accrued through the effective date of her resignation. All other rights and obligations of the parties shall be determined as provided for in this Agreement. In addition, if the Company requires the Executive, as a condition of continued employment under the terms of this Agreement, that the Executive be based anywhere beyond fifty (50) miles from the Company’s current offices in Rochester, New York except for required travel on Company business, such resignation shall be treated as a termination without Cause pursuant to Section 4.4. Any resignation pursuant to the terms of this Section shall not constitute a breach of this Agreement by either party.
Sample 1
TERMINATION UPON RESIGNATION. Executive may voluntarily retire or resign his employment under this Agreement and terminate this Agreement upon providing the Board of Directors with Sixty (60) days written notice of such resignation. Upon receiving such notice, the Board of Directors may, in its sole discretion, (1) place Executive on paid administrative leave for the 60-day period; or (2) require that Executive continue to perform his duties consistent with Paragraph 2 above until the expiration of the 60-day period. Regardless of which option the Board of Directors elects, Executive agrees that, upon termination of employment, he shall be entitled only to accrued but unused vacation and accrued unused sick time as set forth in Paragraph 3(c); earned but unpaid Base Salary, if any; awarded but unpaid Annual Bonus Plan Payment, if any; vested but unexercised Equity, if any; approved expense reimbursements, if any; and any further payments or amounts as may be required by applicable federal or state employment laws.
Sample 1
TERMINATION UPON RESIGNATION. Notwithstanding anything stated in this Agreement to the contrary, with fifteen (15) days prior written notice, the Executive may resign from his position for the remainder of the Term of the Executive’s employment hereunder. Such notice shall explicitly state in reasonable detail the reason(s) for such resignation. Upon receipt of such written notice, the Company, in its sole discretion, may shorten the fifteen (15) day prior notice requirement. Upon a resignation by the Executive pursuant to this Section, the Executive shall be entitled to compensation and benefits accrued through the effective date of his resignation and all other rights and obligations of the parties shall be determined as follows:
Sample 1

Related to TERMINATION UPON RESIGNATION

  • Resignation upon Termination Effective as of any Date of Termination under this Section 7 or otherwise as of the date of Executive's termination of employment with the Company, Executive shall resign, in writing, from all Board memberships and other positions then held by him with the Company and its Affiliates.

  • TERMINATION UPON RETIREMENT Termination of Executive’s employment based on “

  • Termination for Cause; Resignation If Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

  • Action upon Termination, Resignation or Removal Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.

  • Termination Upon Notice This Agreement may be terminated at any time without cause by either party giving the other party one hundred eighty (180) days written notice.

  • Termination Upon Death or Disability If the Executive dies during the Term, the Term shall terminate as of the date of death. If there is a good faith determination by the Board that the Executive has become physically or mentally incapable of performing his duties under the Agreement and such disability has disabled the Executive for a cumulative period of 180 days within any 12-month period (a “Disability”), the Company shall have the right, to the extent permitted by law, to terminate the employment of the Executive upon notice in writing to the Executive. Upon Executive’s death or in the event that Executive’s employment is terminated due to his Disability, Executive or his estate or his beneficiaries, as the case may be, shall be entitled to: (i) all accrued but unpaid Annual Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with hereof, (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein (the payments and benefits referred to in clauses (i) through (iii) above, collectively, the “Accrued Obligations”), (iv) any unpaid Annual Bonus in respect of any completed fiscal year that had ended prior to the date of such termination, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the fiscal year following the fiscal year in which such termination occurred; (v) an amount equal to the target Annual Bonus, prorated to reflect the partial year of employment, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the fiscal year following the fiscal year in which such termination occurred (subject to Section 7.15 of this Agreement) and (vi) all outstanding equity (or equity-based) incentives and awards held by the Executive shall thereupon vest and become free of restrictions and all stock options shall be exercisable in accordance with their terms. Following the Executive’s death or a termination of the Executive’s employment by reason of a Disability, except as set forth in this Section 4, the Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Voluntary Resignation; Termination for Cause If Executive’s employment with the Company terminates (i) voluntarily by Executive (other than for Good Reason) or (ii) for Cause by the Company, then Executive will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing severance and benefits plans and practices or pursuant to other written agreements with the Company.

  • Termination Upon Death If this Agreement is terminated because of the Executive's death, the Executive will be entitled to receive his Salary through the end of the calendar month in which his death occurs, and that part of the Executive's Incentive Compensation, if any, for the Fiscal Year during which his death occurs, prorated through the end of the calendar month during which his death occurs.

  • Termination for Cause or Resignation In the event Employee is terminated by Employer for Cause or Employee resigns (other than a Termination by Employee for Good Reason), neither Employer nor any affiliate shall have any further obligation to Employee under this Agreement or otherwise, except for payment to Employee of any and all accrued salary and bonuses, provision of COBRA health care continuation and otherwise as may be expressly required by law.

  • Termination Upon Breach Either the Corporation or the Consultant may terminate this Agreement in the event of the breach of any of the material terms or provisions of this Agreement by the other party, which breach is not cured within 10 business days after notice of the same is given to the party alleged to be in breach by the other party.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!