Wrongful Termination. Notwithstanding anything to the contrary in this Agreement, if a party wrongfully terminates this Agreement, that party shall be liable for any Indemnifiable Damages caused thereby.
Wrongful Termination. For the purposes of this Agreement, the term "Wrongful Termination" means each of the following:
Wrongful Termination. If it is determined that the Contractor's termination of the Subcontract for default was wrongful, the Subcontractor's remedies for injuries caused by the termination shall be limited to the following: (1) if the termination was prompted by wrongful actions or determinations of the Owner, the Subcontractor's sole remedy shall be payment of those damages actually paid to the Contractor on account of the wrongful actions or determinations with respect to the Subcontractor; or (2) if the termination was not prompted by the Owner's wrongful actions or determinations, then the Subcontractor's remedy shall be the same as in cases of termination for convenience.
Wrongful Termination. If a court of competent jurisdiction determines that the non-defaulting party wrongfully terminated the Agreement, then the termination shall be treated as a termination for convenience.
Wrongful Termination. Notwithstanding the foregoing provisions of Article 10.2, if it is subsequently determined that Owner has wrongfully terminated this Contract pursuant to Article 10.2, then notwithstanding any other provision of this Contract, the notice of termination given by Owner under this Article 10.2 shall be deemed to have been a notice pursuant to Article 10.1.
Wrongful Termination. If in breach of this Agreement, the -------------------- Company shall terminate Executive's employment other than in the manner allowed pursuant to Section 3 hereof (a purported termination pursuant to Section 3 hereof which is disputed and finally determined not to have been proper shall be a termination by the Company in breach of this Agreement), or if Executive terminates this Agreement for Good Reason, then:
(i) the Company shall pay Executive his full Base Salary and any other benefits payable hereunder, such as un-reimbursed relocation or out-of- pocket expenses, through the Date of Termination at the rate in effect at the time Notice of Termination is given;
(ii) the company shall continue to reimburse Executive for relocation expenses in accordance with Section 2(b) hereof;
(iii) in lieu of any further salary payments to Executive for periods subsequent to the Date of Termination, the Company shall pay as severance pay to Executive an amount equal to twenty-five percent (25%) of the sum of (i) the annual Base Salary at the highest rate in effect during the twelve (12) months immediately preceding the Date of Termination and (ii) the highest annual bonus payments paid or accrued pursuant to this Agreement, with such amount being paid to Executive in substantially equal monthly installments for a three (3) month period following the Date of Termination; and
(iv) all stock options granted to the Executive hereunder and from and after the date hereof shall become vested and immediately exercisable in accordance with the plans or plans pursuant to which such options are to be issued. If no stock option plan exists at the time of such termination, Executive shall be able to exercise such options at his discretion within six (6) months of the date of termination of his employment.
Wrongful Termination. Upon a determination by a court that Xxxxx’s termination of Seller was wrongful, such termination will be deemed converted to a termination for convenience pursuant to Section 18.2 and Seller’s remedy for wrongful termination is limited to the recovery of the payments permitted for termination for convenience as set forth therein.
Wrongful Termination. Notwithstanding the provisions of Sections 8.1 and 8.2, and except as otherwise provided in Section 8.5, if the Merger fails to be consummated because of the wrongful termination of this Agreement or a willful or grossly negligent breach by LSB or by FNB of any representation, warranty, covenant, undertaking, term, agreement or restriction contained herein applicable to it that results in a Material Adverse Effect, then the party wrongfully terminating or breaching this Agreement shall pay the other party $9,000,000 as liquidated damages in full compensation of all Expenses, damages, costs and other harm suffered by such party as a result thereof.
Wrongful Termination breach of Employment Agreement;
Wrongful Termination. Notwithstanding the provisions of Sections 8.01 and 8.02, and except as otherwise provided in Section 8.05, if the Merger fails to be consummated because of the wrongful termination of this Agreement (which, for the avoidance of doubt, includes termination by Mutual pursuant to Section 4.01(a) hereof) or a willful or grossly negligent breach by Mutual, on the one hand, or Bancorp and/or M&F Bank, on the other hand, of any representation, warranty, covenant, undertaking, term, agreement or restriction contained herein applicable to it, then the breaching party shall pay the other party THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000.00) as liquidated damages in full compensation of all Expenses, damages, costs and other harm suffered by the non-breaching party as a result thereof.
