At-Will Employment; Termination. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.
At-Will Employment; Termination. This Agreement does not alter the at-will nature of Employee’s employment by Employer, and Employee’s employment may be terminated by either party, with or without notice and with or without cause, at any time. In addition to the foregoing provisions of this Agreement, upon Employee’s termination, Employee shall cease all identification of Employee with Employer and/or the business, products or services of Employer, and the use of Employer’s name, trademarks, trade name or fictitious name. All provisions, obligations, and restrictions in this Agreement shall survive termination of Employee’s employment with Employer.
At-Will Employment; Termination. It is specifically understood and agreed that Employee serves at the pleasure of the District Board of Directors. This Agreement and the relationship hereby created may be terminated at any time at the will of District, in its sole discretion, with or without cause, subject to the following:
At-Will Employment; Termination. Your employment with the Company will be “at will,” such that the Company may terminate your employment at any time, with or without reason and with or without notice. You agree to provide the Company with at least sixty (60) days advance written notice of any voluntary resignation of your employment hereunder, and, in such event, the Company in its sole discretion may elect to accelerate the effective date of termination. The Company reserves the right to require that you not be in the offices of the Company or any of its affiliates and/or not undertake all or any of your duties and/or not contact clients, colleagues or advisors of the Company or any of its affiliates (unless otherwise instructed) during all or part of any period of notice of your termination of service (in which case you will be referred to hereunder as being on “garden leave”). During any period of garden leave, your terms and conditions of service and duties of fidelity and confidentiality to the Company will remain in full force and effect and, during any such period, you will remain a service provider to the Company and will not be employed or engaged in any other business. Upon termination of your employment for any reason, you agree to resign, as of the date of termination or such other date requested by the Company, from all positions and offices that you then hold with the Company and its subsidiaries and affiliates. Following the termination of your employment with the Company by either party and for any reason, all obligations of the Company to pay or provide you with compensation and benefits will cease, except (i) for the payment of any unpaid base salary or any unreimbursed expenses, in each case accrued or incurred through the effective date of the termination of your employment (the “termination date”), which will be payable as soon as practicable and in all events within 30 days following the termination date, (ii) as explicitly set forth in any other benefit plans or arrangements applicable to terminated employees in which you participate and (iii) as otherwise expressly required by applicable law (collectively, the “Accrued Obligations”). For the avoidance of doubt, except as described in Exhibit A attached hereto, any bonus for the year of termination of employment is forfeited if your employment is terminated for any reason. In addition, if your employment with the Company is terminated in certain circumstances, you (or your estate) will be entitled to receive certain...
At-Will Employment; Termination. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive. Upon Executive’s employment termination for any reason, the Employer shall pay to Executive (or to the Executive’s representative or estate, in the event of his death or Permanent Disability), within ten (10) days after the date of termination, an amount equal to the sum of (i) Executive’s Base Salary accrued through the date of termination, (ii) any bonus earned and approved by the Compensation Committee as of the date of termination under the Company’s bonus program, but not yet paid to Executive, (iii) any amounts payable under any of the employee benefit plans of the Company in accordance with the terms of such plans, (iv) any accrued but unpaid vacation, in accordance with the terms of the Company’s vacation plan, and (v) any unreimbursed expenses incurred by Executive under Section 4(d). Such payments, rights and benefits described in clauses (i) through (v) of this Section 5(a) are collectively referred to hereinafter as the “Accrued Obligations.”
At-Will Employment; Termination. (a) At-Will Employment. Your employment with Company will be “at-will.” This means that either you or Company may terminate your employment at any time, with or without Cause or Good Reason (each as defined below), and with or without advance notice. In the event of your termination of employment for any reason, the Company shall pay to you (i) your fully earned but unpaid base salary, when due, through the date of your termination of employment at the rate then in effect, (ii) accrued and unused vacation and/or paid time off, (iii) if your termination occurs after the occurrence of a Change of Control and after the conclusion of a calendar year in respect of which no annual bonus has yet been paid (i.e., such termination occurs on or after January 1, but before the designated payment date for the annual bonus in respect of such completed calendar year), your annual bonus for such completed calendar year based on actual performance as determined by the Board (or duly authorized committee thereof), paid when annual bonuses are paid to the Company’s employees generally for such completed calendar year, but in all events prior to March 15 of the calendar year in which your termination occurs, plus (iv) all other benefits, if any, under any Company group retirement plan, nonqualified deferred compensation plan, equity award plan or agreement, health benefits plan or other Company group benefit plan to which you may be entitled pursuant to the terms of such plans or agreements at the time of your termination of employment (the “Accrued Obligations”).
At-Will Employment; Termination. The parties acknowledge that their employment relationship is “at will,” which means that either party can terminate the relationship with or without cause or notice at any time. No oral or written modifications, express or implied, may alter or vary the “at will” nature of Employee’s employment with the KineMed, unless such modification is specifically documented in a written agreement signed by both Employee and the CEO of KineMed. Any representations to the contrary, express or implied, written or oral, are hereby disclaimed.
At-Will Employment; Termination. The Company and the Employee acknowledge that the Employee’s employment is and shall continue to be at-will, as defined under applicable law, and that the Employee’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If the Employee’s employment terminates for any reason, the Employee shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement.
At-Will Employment; Termination. The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. In the event of Executive’s termination of employment for any reason, Executive shall be entitled to receive Executive’s fully earned but unpaid base salary, when due, through the date of Executive’s termination at the rate then in effect, plus all other amounts to which Executive is entitled under any compensation plan or practice of the Company at the time of Executive’s termination. If Executive’s employment terminates for any reason, Executive shall not be entitled to any other payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.
At-Will Employment; Termination. 7.1 The Employee and the Company understand and acknowledge that Employee’s employment with the Company constitutes “at-will” employment, which means that this employment relationship may be terminated at any time, with or without good cause or notice or for any or no cause, at the option of either the Company or Employee.
7.2 On termination the Employee shall, at the request of the Board, immediately resign from any office held by him in the Company or any Group Company and, in the event of his failure to do so, the Company is irrevocably authorised to appoint some person in his name and on his behalf to sign and deliver such resignations to the Board.
7.3 The Employee’s final paycheck will include all of the Employee’s accrued but unpaid wages and accrued but unused vacation. The Employee will receive Employee’s final paycheck within the time required by law. If the Employee provides at least seventy-two (72) hours advance written notice, the Employee will be provided with the Employee’s final paycheck on the Employee’s last day of employment. If the Employee resigns without providing at least seventy-two (72) hours advance written notice, the Employee will receive the Employee’s final paycheck within seventy-two (72) hours of the Employee’s resignation. 8 Obligations on Termination
8.1 On termination of his employment with the Company, the Employee shall:
(i) deliver up to the Company all Confidential Information of the Company or any Group Company (including copies) and other property belonging to the Company or any Group Company which may be in his possession or under his power or control and having forwarded a copy to the Company, irretrievably delete any and all Confidential Information of the Company or of any Group Company, from any computer drives, disks, tapes in the Employee’s possession or under the Employee’s control.
(ii) deliver up to the Company all property belonging to the Company including, without limitation, customer name cards, technical materials, financial statements and any other originals, copies and/or duplicates.
8.2 The Employee undertakes that without the Company’s written permission, he will not disclose or make use of any of the Company’s Confidential Information, including without limitation, business correspondence, operation, personnel, technical information, business plan, personnel information, financial information, know-how, technical knowhow, procedures which were acquired by the Employee from the Company or during ...
