Common use of TIME AND MANNER OF TERMINATION OR RESIGNATION Clause in Contracts

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.

Appears in 1 contract

Samples: Employment Agreement (Weston Roy F Inc)

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TIME AND MANNER OF TERMINATION OR RESIGNATION. Executive's employment by Company, including his office as President and Chief Operating Officer, shall be at will. Executive's employment shall terminate cease immediately upon Executive's death or Disability, or upon written notice to Executive that the Board Company is terminating Executive's employment for causeFor Cause. Otherwise Executive's employment shall terminate 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 causeFor Cause, shall be 30 thirty (30) days after delivery of such notice unless a longer period is approved by the Board Company's Chief Executive Officer in its his sole discretion, and (ii) in the event of resignation by Executive, shall be 30 thirty (30) days after delivery of such notice unless a longer or shorter period is approved by the Board Company's Chief Executive Officer and by Executive. The date on which Executive's employment by Company terminates ceases 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.

Appears in 1 contract

Samples: Employment Agreement (Weston Roy F Inc)

TIME AND MANNER OF TERMINATION OR RESIGNATION. Executive's employment by Company, including his office as President and Chief Operating Executive 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.

Appears in 1 contract

Samples: Employment Agreement (Weston Roy F Inc)

TIME AND MANNER OF TERMINATION OR RESIGNATION. Executive's employment by Company, including his office as Corporate Vice President, Chief Operating OfficerFinancial Officer and Treasurer, shall be at will. Executive's employment shall terminate cease immediately upon Executive's death or Disability, or upon written notice to Executive that the Board Company is terminating Executive's employment for causeFor Cause. Otherwise Executive's employment shall terminate 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 causeFor Cause, shall be 30 thirty (30) days after delivery of such notice unless a longer period is approved by the Board Company's Chief Executive Officer in its his sole discretion, and (ii) in the event of resignation by Executive, shall be 30 thirty (30) days after delivery of such notice unless a longer or shorter period is approved by the Board Company's Chief Executive Officer and by Executive. The date on which Executive's employment by Company terminates ceases 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.

Appears in 1 contract

Samples: Employment Agreement (Weston Roy F Inc)

TIME AND MANNER OF TERMINATION OR RESIGNATION. Executive's employment by Company, including his office as Chief Operating Executive Officer, shall be at will. Executive's employment shall terminate cease immediately upon Executive's death or Disability, or upon written notice to Executive that the Board Company is terminating Executive's employment for causeFor Cause. Otherwise Executive's employment shall terminate 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 causeFor Cause, shall be 30 thirty (30) days after delivery of such notice unless a longer period is approved by the Company's Board in its sole discretion, and (ii) in the event of resignation by Executive, shall be 30 thirty (30) days after delivery of such notice unless a longer or shorter period is approved by the Company's Board and by Executive. The date on which Executive's employment by Company terminates ceases 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.

Appears in 1 contract

Samples: Employment Agreement (Weston Roy F Inc)

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TIME AND MANNER OF TERMINATION OR RESIGNATION. Executive's employment by Company, including his office as Chief Operating OfficerPresident, 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 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 of 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.

Appears in 1 contract

Samples: Employment Agreement (A 55 Inc)

TIME AND MANNER OF TERMINATION OR RESIGNATION. Executive's employment by Company, including his office as Chairman and Chief Operating Executive Officer, shall be for a minimum term of one year and thereafter shall be at will. Executive's employment shall terminate cease immediately upon Executive's death or Disability, or upon written notice to Executive that the Board Company is terminating Executive's employment for causeFor Cause. Otherwise Executive's employment shall terminate 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 causeFor Cause, shall be 30 thirty (30) days after delivery of such notice unless a longer period is approved by the Company's Board in its sole discretion, and (ii) in the event of resignation by Executive, shall be 30 thirty (30) days after delivery of such notice unless a longer or shorter period is approved by the Company's Board and by Executive. The date on which Executive's employment by Company terminates ceases 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.

Appears in 1 contract

Samples: Employment Agreement (Weston Roy F Inc)

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