TIME AND MANNER OF TERMINATION OR RESIGNATION Sample Clauses

TIME AND MANNER OF TERMINATION OR RESIGNATION. Executive's employment by Company, including his office as Chief Operating Officer, shall be at will. Executive's employment shall terminate immediately upon Executive's death or Disability, or upon written notice to Executive that the Board is terminating Executive's employment for cause. Otherwise Executive's employment shall terminate on the date selected by the party initiating termination or resignation, which date shall be specified in a written notice to the other party, and which (i) in the event of termination of Executive by the Company for any reason other than for cause, shall be 30 days after delivery of such notice unless a longer period is approved by the Board in its sole discretion, and (ii) in the event of resignation by Executive, shall be 30 days after delivery of such notice unless a longer or shorter period is approved by the Board and Executive. The date on which Executive's employment by Company terminates is referred to in this Agreement as the "Employment Ending Date". As of the Employment Ending Date, if Executive is a member of Company's Board or of the Board of Directors of any affiliate, he shall provide Company with his written resignation from each such Board and from his position as an officer of any affiliate.
Sample 1See All (7)
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TIME AND MANNER OF TERMINATION OR RESIGNATION. Hoskxxx'x xxxloyment by Company shall be at will. Hoskxxx'x xxxloyment shall cease immediately upon Hoskxxx'x xxxth or Disability, or upon written notice to Hoskxxx xxxt the Company is terminating Hoskxxx'x xxxloyment For Cause. Otherwise, Hoskxxx'x xxxloyment shall cease on the date selected by the party initiating termination or resignation, which date shall be specified in a written notice to the other party, and which (i) in the event of termination of Hoskxxx xx the Company for any reason other than For Cause, shall be thirty (30) days after delivery of such notice, and (ii) in the event of resignation by Hoskxxx, xxall be thirty (30) days after delivery of such notice unless a longer or shorter period is approved in writing by both the Company and Hoskxxx. Xxe date on which Hoskxxx'x xxxloyment by Company ceases is referred to in this Agreement as the "Employment Ending Date". As of the Employment Ending Date, if Hoskxxx xx a member of the Company's Board or of the Board of Directors of any affiliate, or if Hoskxxx xx an officer of Company or of any affiliate, he shall provide the Company with his written resignation from each such Board and from each such position as an officer.
Sample 1
TIME AND MANNER OF TERMINATION OR RESIGNATION. Swoyxx'x xxxloyment by Company shall be at will. Swoyxx'x xxxloyment shall cease immediately upon Swoyxx'x xxxth or Disability, or upon written notice to Swoyxx xxxt the Company is terminating Swoyxx'x xxxloyment For Cause. Otherwise, Swoyxx'x xxxloyment shall cease on the date selected by the party initiating termination or resignation, which date shall be specified in a written notice to the other party, and which (i) in the event of termination of Swoyxx xx the Company for any reason other than For Cause, shall be thirty (30) days after delivery of such notice, and (ii) in the event of resignation by Swoyxx, xxall be thirty (30) days after delivery of such notice unless a longer or shorter period is approved in writing by both the Company and Swoyxx. Xxe date on which Swoyxx'x xxxloyment by Company ceases is referred to in this Agreement as the "Employment Ending Date".
Sample 1
TIME AND MANNER OF TERMINATION OR RESIGNATION. Executive's employment by Company, including his office as President and Chief Operating Officer, shall be for a minimum term of one year and thereafter shall be at will. Executive's employment shall cease immediately upon Executive's death or Disability, or upon written notice to Executive that the Company is terminating Executive's employment For Cause. Otherwise Executive's employment shall cease on the date selected by the party initiating termination or resignation, which date shall be specified in a written notice to the other party, and which (i) in the event of termination of Executive by the Company for any reason other than For Cause, shall be thirty (30) days after delivery of such notice unless a longer period is approved by the Company's Chief Executive Officer in his sole discretion, and (ii) in the event of resignation by Executive, shall be thirty (30)
Sample 1

Related to TIME AND MANNER OF TERMINATION OR RESIGNATION

  • Manner of Termination The Party terminating this Agreement pursuant to Section 8.1 (other than pursuant to Section 8.1(a)) must deliver prompt written notice thereof to the other Parties setting forth in reasonable detail the provision of Section 8.1 pursuant to which this Agreement is being terminated and the facts and circumstances forming the basis for such termination pursuant to such provision.

  • Effect of Termination or Resignation Any termination or resignation of the Servicer under this Agreement shall not affect any claims that the Issuer may have against the Servicer for events or actions taken or not taken by the Servicer arising prior to any such termination or resignation.

  • 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 and Resignation of Agent (a) The Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Securitization Note Holder. In the event that the Agent is terminated pursuant to this Section 30, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

  • Resignation or Termination of Agent The Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. BANA, as Initial Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator, as successor Agent, at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree that, simultaneously with the closing of the Lead Securitization, the Master Servicer shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place of BANA without any further notice or other action. The termination or resignation of such Master Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation of such Master Servicer as Agent under this Agreement, and any successor master servicer shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place thereof without any further notice or other action.

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

  • Termination and Resignation Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

  • Notice of Termination; Effect of Termination Any proper termination of this Agreement under Section 7.1 will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • SEVERANCE COMPENSATION IN THE EVENT OF A TERMINATION OTHER THAN FOR CAUSE In the event of a Termination Other Than for Cause, the Employee shall be paid as severance compensation his Base Salary (at the rate payable at the time of such termination) for a period of twelve (12) months from the date of such termination, on the dates specified in Section 3.1, and Employee shall also be paid an amount equal to the average annual bonus earned by the Employee as an employee of Avocent Corporation and its affiliates and predecessors in the two (2) years immediately preceding the date of termination. Notwithstanding anything in this Section 4.2 to the contrary, the Employee may in the Employee’s sole discretion, by delivery of a notice to the Employer within thirty (30) days following a Termination Other Than for Cause, elect to receive from the Employer a lump sum severance payment by bank cashier’s check equal to the present value of the flow of cash payments that would otherwise be paid to the Employee pursuant to this Section 4.2. Such present value shall be determined as of the date of delivery of the notice of election by the Employee and shall be based on a discount rate equal to the interest rate on 90-day U.S. Treasury bills, as reported in The Wall Street Journal (or similar publication), on the date of delivery of the election notice. If the Employee elects to receive a lump sum severance payment, Avocent Corporation shall cause the Employer to make such payment to the Employee within ten (10) days following the date on which the Employee notifies the Employer of the Employee’s election. The Employee shall also be entitled to have the vesting of any awards granted to the Employee under any AHC or Avocent stock option plans fully accelerated. The Employee shall be provided with medical plan benefits under any health plans of Avocent or Employer in which the Employee is a participant to the full extent of the Employee’s rights under such plans for a period of twelve (12) months from the date of such Termination Other Than for Cause (even if Employee elects to receive a lump sum severance payment).

  • Termination of Consulting Period Notwithstanding any other provision hereof, the Consulting Period and Consultant’s services as a consultant hereunder shall terminate, and, except as otherwise specifically provided herein, this Agreement shall terminate:

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