Termination at Will definition
Examples of Termination at Will in a sentence
Conditions governing the termination of this subcontract include: Termination at Will.
In the event this Agreement is terminated by voluntary resignation of the Employee (excluding Employee’s voluntary termination following notice from Bank as set forth in Section 3.1 Employment Term) or For Cause, the pay and other benefits described in Section 3.2 Termination at Will will not be provided.
If the Employee resigns during the twelve month period set forth in the notice, then the provisions of Section 3.2 Termination at Will shall apply for the remainder of the twelve month period.
Such severance compensation is the only compensation to which Employee shall be entitled following a Termination at Will or a Termination by Reason of Disability.
The Company may, in the Company’s sole discretion, if Employee so requests within thirty (30) days following a Termination at Will or a Termination by Reason of Disability, elect to pay to Employee 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 Employee pursuant to Section 4.1 above.
Termination at Will - This Agreement may be terminated by either party upon no less than thirty (30) days notice, without cause.
In the event Astellas terminates this Agreement with respect to [*] pursuant to a Termination at Will, then Medivation, at its election, may terminate this Agreement with respect to [*], at any time within [*] days after Medivation’s receipt of Astellas’s notice of termination, effective at the same time that the Agreement terminates with respect to [*].
For a Termination at Will, this severance amount is in addition to any required notification period as described in Section 2.3.
Upon any Termination at Will, Employee shall be paid all accrued salary, any benefits under any plans of the Company in which Employee is a participant to the full extent of Employee’s rights under such plans, accrued vacation pay, any appropriate business expenses incurred by Employee in connection with his duties hereunder, all to the date of termination, and all severance compensation required under Section 4.1, but no other compensation or reimbursement of any kind.
Notwithstanding anything else in this Agreement, the Company may effect a Termination at Will (as defined in Section 2.8 below) at any time during the Term of this Agreement upon giving written notice to Employee of such termination.