Voluntary Termination and Termination for Cause. In the event that the Executive terminates his employment with the Company voluntarily (other than for Good Reason, as defined below) or the Company terminates the Executive's employment for Cause, Sections 6(a), 6(b) and 6(c) below shall apply. For purposes of this Agreement, termination for "Cause" shall mean (i) any act of personal dishonesty taken by the Executive in connection with his responsibilities as an employee which is intended to cause a material personal financial benefit for the Executive and is intended to cause a material financial detriment to the Company, (ii) the Executive's conviction of or plea of nolo contendere to a felony, (iii) a willful act by the Executive which constitutes misconduct and is injurious to the Company, and (iv) continued willful violations by the Executive of the Executive's obligations to the Company under this Agreement.
Voluntary Termination and Termination for Cause. In the event of -----------------------------------------------
(i) a termination of Employee's employment by reason of a Voluntary Termination or (ii) in the event of Employee's termination by Employer For Cause, then (A) all obligations of Employer under any Section of this Agreement shall terminate as of the date of such termination, (B) all obligations of Employer and its Affiliates under the Profit Sharing Plan shall terminate as provided therein, and (C) Employee's obligations under Section 6(a) and Section 6(c) hereof shall continue unaffected by the termination of Employee's employment in accordance with the terms thereof and, as a material consideration for its agreements hereunder and other arrangements in connection with the Consolidation, Employer shall have the right to enforce such obligations to the full extent set forth therein. Employee agrees to give Employer at least six months prior written notice of any Voluntary Termination hereunder.
Voluntary Termination and Termination for Cause. In the event a termination constitutes a Voluntary Termination as defined herein, then the Executive shall be entitled to receive severance and any other benefits only as may then be established under the Company’s existing severance and benefit plans and policies at the time of such termination. No compensation or benefits will be paid or provided to the Executive under this Agreement on account of a termination for Cause. The Executive’s rights under the benefit plans of the Company shall be determined under the provisions of those plans.
Voluntary Termination and Termination for Cause. In the event of the termination of the Executive's employment pursuant to the provisions of (P) 6-b or (P) 6-c, then the Executive shall be entitled to all accrued but unpaid Base Pay including credit for unused vacation days limited in accordance with (P) 5-b payable within 10 days of the date of termination.
Voluntary Termination and Termination for Cause. This Agreement may be terminated pursuant to the provisions of Sections 4.4.4, 7.2, 9.1, 10.2, 10.3, 10.4, and 10.5.
Voluntary Termination and Termination for Cause. The Employee's employment may be voluntarily terminated by him at any time by giving not less than two (2) weeks' written notice thereof to the Company. Additionally, the Employee's employment may be terminated at any time for cause (as hereinafter defined) effective upon the giving of written notice of such termination for cause by the Company to the Employee. If at any time during the term of this Agreement (i) the Employee shall have voluntarily terminated his employment with the Company (other than as contemplated by subparagraph (e) of this Paragraph 7), or (ii) the Company shall have terminated the employment of the Employee for cause (as hereinafter defined) the Employee shall be entitled to receive only his base salary as provided in Paragraph 4(a) hereof to the date of such termination and no other benefits, including, without limitation, those provided for under Paragraphs 4(b) and 5 of this Agreement (except those that cannot be divested pursuant to the Employee Retirement Income Security Act of 1974, as amended or other applicable law), under this Agreement.
Voluntary Termination and Termination for Cause. (a) If Employee voluntarily terminates his employment as provided in Section 4.1 (except under circumstances constituting a “Constructive Discharge” as defined in Section 5.4), or if Employee’s employment is terminated by Company for Cause as provided in Section 4.2, then in such event (i) Company shall only pay Employee (A) the accrued value of Base Salary through the date of such termination only and (B) any accrued and unused vacation time and (ii) the Employee shall be deemed to have forfeited and Company shall be entitled to retain and/or terminate any Incentive Compensation achieved but not yet paid under this Agreement, any Unvested Incentive Compensation, and any Escrowed Installment Payments (together, the “Forfeited Contingent Payments”), it being understood that such Forfeited Contingent Payments shall be deemed to have been unearned upon such termination.
(b) Notwithstanding anything to the contrary in this Agreement, for the avoidance of doubt the Parties expressly agree that the Forfeited Contingent Payments will not limit, and shall be in addition to, any and all remedies and/or monetary damages available to the Company or Xxxxxxxx at law and in equity in connection with, as a result of, or arising out of Employee’s breach of this Agreement, including, without limitation, breach of those covenants contained in Article VI of this Agreement.
Voluntary Termination and Termination for Cause. In the event of (i) a termination of the Employee’s employment by the Employee (other than by reason of the death or Disability of the Employee) or (ii) a termination of the Employee’s employment by the Company for Cause, the Company shall provide to the Employee:
(a) the Employee’s Base Salary which the Employee earned up until the date of his termination, subject to applicable withholdings; and
(b) all of the Employee’s accrued but unpaid vacation, sick and personal days to the extent that the Company’s policy provides for payment of such accrued but unpaid amounts.
Voluntary Termination and Termination for Cause. Employee agrees that, in the event that he/she: (1) voluntarily resigns from employment with the Company; or (2) is terminated for cause from employment with the Company, he/she will not, without the prior written consent of the Company, either directly or indirectly, in the geographical area in which the Company maintains offices, sales agents, or otherwise conducts business, be employed by, own, manage, operate or control, or participate, directly or indirectly, in the ownership, management, operation, or control of, or be connected with (whether as a director, officer, employee, partner, consultant, or otherwise), any business which competes with the Company in the distribution of electronic parts, components or systems (the "Noncompetition Obligation").
Voluntary Termination and Termination for Cause. The Employee's employment may be voluntarily terminated by him at any time by giving sixty (60) days written notice thereof to the Company (or such shorter period of time as may be agreed upon by the Company). Additionally, the Employee's employment may be terminated at any time for cause (as hereinafter defined), effective immediately upon the giving of written notice to the Employee. If at any time during the term of this Agreement: (a) the Employee shall have voluntarily terminated her employment with the Company; or (b) the Company shall have terminated the employment of the Employee for cause (as hereinafter defined), the Employee shall be entitled to receive only her Base Salary (as may have been adjusted from time to time during the term of this Agreement and in accordance with the terms hereof) up to the date of termination plus any accrued but unused vacation pay. The Employee shall also be entitled to any benefits mandated under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) or required under the terms of any life insurance or retirement plan, program, or agreement provided by the Company and to which the Employee is a party or in which the Employee is a participant, including, but not limited to, any short-term or long-term disability plan or program, if applicable. For purposes of this Agreement, the Employee shall be deemed terminated "for cause" if the Company terminates the Employee after the Employee: (a) shall have been formally indicted (or the equivalent thereof) for any felony including, but not limited to, a felony involving fraud, theft, misappropriation, dishonesty, or embezzlement; (b) shall have committed intentional acts of gross misconduct that materially impair the goodwill or business of the Company or cause material damage to its property, goodwill, or business; or (c) shall have refused to, or willfully failed to, perform her material duties, provided, however, that no termination under this subparagraph (c) shall be effective unless the Employee does not cure such refusal or failure to the Company's satisfaction as soon as practicable after the Company gives the Employee written notice identifying such refusal or failure (and, in any event, within thirty (30) calendar days after receipt of such written notice). No act or failure to act on the part of the Employee shall be considered "willful" unless it is done, or omitted to be done, by the Employee in bad faith or without reasonable belief that her actio...
