Termination Without Severance Pay Sample Clauses

Termination Without Severance Pay. Executive shall not be entitled to any further compensation from the Company or any Affiliate after termination of the Employment as permitted by this Section 5(a), except (A) unpaid salary installments through the end of the week in which the Employment terminates, and (B) any vested benefits accrued before the termination of Employment under the terms of any written Company policy or benefit program.
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Termination Without Severance Pay. In the event of a termination pursuant to Paragraphs 5(a)(1)—(5) or 5(b), Employer shall have no further obligation to Executive after the Termination Date, except as otherwise provided by law or by any separate agreements. Employer shall continue to have all other rights available hereunder (including, without limitation, all rights under Paragraphs 7-11) at law or in equity.
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Termination Without Severance Pay. Executive shall not be entitled to any further compensation from the Company or any Affiliate after termination of the Employment as permitted by this Section 5(a), except (A) unpaid salary installments through the end of the week in which the Employment terminates, (B) any bonus accrued through the date of termination under the terms of applicable bonus plans, (C) any unused vacation or sick pay earned to the date of termination, (D) any vested benefits accrued before the termination of Employment under the terms of any written Company policy or benefit program, and (E) an amount equal to the cash surrender value of any split-dollar life insurance policies that the Company has obtained for Executive that is allocable to the portion paid by Executive.
Sample 1
Termination Without Severance Pay. Section 5(a) of the Employment Agreement will be applicable as a result of Xx. Xxxxx'x retirement. Sections 5(b) and 6 of the Employment Agreement will not be applicable as a result of Xx. Xxxxx'x retirement. Consequently, subject only to the last sentence of Paragraph 1, after Xx. Xxxxx'x retirement as an employee, he shall not be entitled to any further compensation under the Employment Agreement, except he shall be paid (i) for any unused sick pay earned before the Retirement Date under the Company's existing policies, (ii) any vested benefits accrued before the Retirement Date under the terms of any written Company policy or benefit program and (iii) an amount equal to the cash surrender value of any split-dollar life insurance policies that the -2- Company has obtained for Xx. Xxxxx that is allocable to the portion paid by Xx. Xxxxx. The parties acknowledge that Xx. Xxxxx will not be entitled to receive any bonus accrued through the Retirement Date under the terms of applicable bonus plans with respect to the Company's fiscal year ending on March 27, 2004 or any later period or periods.
Sample 1
Termination Without Severance Pay. The Company may at any time terminate the Executive for Cause, effective upon delivery to the Executive of a Termination Notice. Executive shall not be entitled to Severance Pay if the Executive dies, resigns his position for other than Good Reason, does not accept employment described in the third sentence of Section 2.1, or is terminated by the Company for Cause or at a time that there exists Disability. Subject to applicable law, the Company may terminate the Executive for Disability at any time if, within 30 calendar days after the Company delivers a Termination Notice to the Executive, the Executive has not returned to the full-time performance of the Executive's essential duties. Notwithstanding the foregoing, if the Company terminates the Executive at a time that there exists Disability, the Company may, in its sole discretion, elect to pay Severance Pay to the Executive, in which case Executive shall be bound by section 3.2.
Sample 1

Related to Termination Without Severance Pay

  • Termination Without Just Cause In the case of a termination of Executive’s employment hereunder Without Just Cause in accordance with Section 1.6.6, Executive shall be entitled to the following in lieu of any other compensation or benefits (under Section 1.4 of this Agreement or otherwise) from Employer:

  • Termination Without Good Reason Executive shall have the right to terminate the Period of Employment and Executive’s employment hereunder at any time without Good Reason (as defined below) upon thirty (30) days prior written notice of such termination to the Company. Any such termination by the Executive without Good Reason shall be treated for all purposes of this Agreement as a termination by the Company for Cause and the provisions of Section 7(a) shall apply.

  • Voluntary Termination Without Good Reason The Executive may terminate his employment without Good Reason at any time during the Term of Employment, provided he gives at least thirty (30) days' advance written notice. If the Executive terminates his employment with Holding or the Company without Good Reason (and not because of his death or due to Disability), the Executive shall have the same entitlements hereunder as provided in Section 9(c) in the case of a termination by Holding or the Company for Cause.

  • Involuntary Termination Without Cause and Voluntary Termination with Good Reason With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

  • Cause or Voluntary Termination without Good Reason If Executive’s employment shall be terminated for Cause during the Employment Period, or if Executive voluntarily terminates employment during the Employment Period without Good Reason, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations (excluding the pro-rata bonus described in clause 2 of Section 6(a)(i)) and the timely payment or provision of Other Benefits.

  • Termination Without Good Cause If Executive's employment is terminated by the Company without Good Cause, the following provisions shall apply:

  • Termination Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.

  • Termination Without Cause or Constructive Termination Without Cause In the event the Executive's employment is terminated without Cause, other than due to disability or death, or in the event there is a Constructive Termination Without Cause, the Executive shall be entitled to:

  • Termination without Cause or Resignation for Good Reason in Connection with a Change in Control If the Company terminates Executive’s employment with the Company without Cause (excluding death or Disability) or if Executive resigns from his or her employment for Good Reason, and, in each case, such termination date occurs during the Change in Control Period, then Executive will receive the Accrued Benefits and, subject to Sections 5 through 7, below, Executive will be eligible to receive the following:

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