Common use of Termination with Notice Clause in Contracts

Termination with Notice. 1After successful completion of the probationary period (if applicable), the Company and the Employee shall be entitled to terminate the Employment Agreement at any time, without regard to the end of a calendar month, by giving in writing (by normal mail, email or telefax) to the other a notice equivalent to the number of days reported in Annex 1(“Notice Period”).If an email or telefax is submitted, a document with an original signature shall be provided subsequently. 2Salary payment is due during the Notice Period, except in the circumstances listed below. a) If the Employee wishes to resign with immediate effect following his/her written resignation or before the expiry of the Notice Period without a justifying reason, The Company has no obligation to pay compensation with effect from the date of resignation and may deduct up to the equivalent of fifteen (15) days of salary from any amount due or accrued to him/her. b) Moreover, the Employee will have to pay the cost (surface transportation and airfare) of his/her repatriation and all documented expenses for the mobilization. c) In addition, the Company reserves the right to claim compensation for any possible damage caused by the Employee’s resignation with immediate effect. 3If the Company has given written notice to the Employee and wishes to exempt him/her from work for the scheduled Notice Period and to repatriate him/her immediately, the Company shall pay the Employee pursuant to article 4.1 for a duration equivalent to the Notice Period or pro rata thereof and terminate the Employment Agreement with immediate effect.

Termination with Notice. 1After successful completion of the probationary period (if applicable), the Company and the Employee shall be entitled to terminate the Employment Agreement at any time, without regard to the end of a calendar month, by giving in writing (by normal mail, email or telefax) to the other a notice equivalent to the number of days reported in Annex 1(“Notice Period”).If an email or telefax is submitted, a document with an original signature shall be provided subsequently. 2Salary payment is due during the Notice Period, except in the circumstances listed below. a) If the Employee wishes to resign with immediate effect following his/her written resignation or before the expiry of the Notice Period without a justifying reason, The Company has no obligation to pay compensation with effect from the date of resignation and may deduct up to the equivalent of fifteen (15) days of salary from any a ny amount due or accrued to him/her. b) Moreover, the Employee will have to pay the cost (surface transportation and airfare) of his/her repatriation and all documented expenses for the mobilization. c) In addition, the Company reserves the right to claim compensation for any possible damage caused by the Employee’s resignation with immediate effect. 3If the Company has given written notice to the Employee and wishes to exempt him/her from work for the scheduled Notice Period and to repatriate him/her immediately, the Company shall pay the Employee pursuant to article 4.1 for a duration equivalent to the Notice Period or pro rata thereof and terminate the Employment Agreement with immediate effect.