Common use of Termination Without Cause or Good Reason Clause in Contracts

Termination Without Cause or Good Reason. Employer may terminate the Employment Period at any time without cause. Executive may, by delivery of not less than 60 days' notice to Employer at any time during the Employment Period, terminate the Employment Period without good reason.

Appears in 6 contracts

Samples: Employment Agreement (Bank Jos a Clothiers Inc /De/), Employment Agreement (Bank Jos a Clothiers Inc /De/), Employment Agreement (Bank Jos a Clothiers Inc /De/)

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Termination Without Cause or Good Reason. Employer or Employee may terminate the Employment Period at any time without causecause or without good reason upon 60 days notice. Executive mayNotwithstanding the forgoing, by delivery of not less than 60 days' notice Employer shall have the right to Employer at any time during the Employment Period, terminate the Employment Period without good reasoncause upon less than 60 days notice by paying to Executive, in addition to such other termination compensation as may be payable pursuant to Section 5.1, an amount equal to Executive's then-current per diem Base Salary multiplied by the difference between 60 and the number of days notice given.

Appears in 2 contracts

Samples: Employment Agreement (Bank Jos a Clothiers Inc /De/), Employment Agreement (Bank Jos a Clothiers Inc /De/)

Termination Without Cause or Good Reason. Employer or Employee may terminate the Employment Period at any time without causecause or without good reason upon 60 days notice. Executive mayNotwithstanding the forgoing, by delivery of not less than 60 days' notice Employer shall have the right to Employer at any time during the Employment Period, terminate the Employment Period without good reasoncause upon less than 60 days notice by paying to Executive, in addition to such other termination compensation as may be payable pursuant to Section 5.1, an amount equal to Executive’s then-current per diem Base Salary multiplied by the difference between 60 and the number of days notice given.

Appears in 2 contracts

Samples: Employment Agreement (Bank Jos a Clothiers Inc /De/), Employment Agreement (Bank Jos a Clothiers Inc /De/)

Termination Without Cause or Good Reason. Employer or Employee ---------------------------------------- may terminate the Employment Period at any time without causecause or without good reason upon 60 days notice. Executive mayNotwithstanding the forgoing, by delivery of not less than 60 days' notice Employer shall have the right to Employer at any time during the Employment Period, terminate the Employment Period without good reasoncause upon less than 60 days notice by paying to Executive, in addition to such other termination compensation as may be payable pursuant to Section 5.1, an amount equal to Executive's then-current per diem Base Salary multiplied by the difference between 60 and the number of days notice given.

Appears in 1 contract

Samples: Employment Agreement (Bank Jos a Clothiers Inc /De/)

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Termination Without Cause or Good Reason. Employer or Employee may terminate the Employment Period at any time without cause. Executive may, by delivery of not less than 60 days' notice to Employer at any time during the Employment Period, terminate the Employment Period cause or without good reasonreason upon 60 days notice.

Appears in 1 contract

Samples: Employment Agreement (Bank Jos a Clothiers Inc /De/)

Termination Without Cause or Good Reason. Employer may terminate the ---------------------------------------- Employment Period at any time without cause. Executive may, by delivery of not less than 60 days' notice to Employer at any time during the Employment Period, terminate the Employment Period without good reason.

Appears in 1 contract

Samples: Employment Agreement (Bank Jos a Clothiers Inc /De/)

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