Termination by the Employer. The Employer may terminate the Employment Period (i) immediately upon the delivery of a Notice of Termination (as defined in Section 4.01(d) of this Agreement) by the Employer to the Executive setting forth the facts that indicate that a determination has been made that the Executive has a Disability in accordance with Section 4.02 of this Agreement; (ii) immediately upon delivery of a Notice of Termination by the Employer to the Executive setting forth the facts that indicate that an event constituting Cause (as defined in Section 4.03 of this Agreement) has occurred, or on such later date as may be set forth in such Notice of Termination; or (iii) at any time without Cause effective as of the 30th day following the delivery of a Notice of Termination by the Employer to the Executive, or on such later date as may be set forth in such Notice of Termination.
Termination by the Employer. University Administration of a state funded or trust funded bargaining unit member due to a lack of funds or a lack of work.
Termination by the Employer. Nothing herein contained shall prevent the Employer from terminating the services of the Executive at any time prior to the expiration of this Agreement.
(i) If such termination is effective prior to the time “a change in control” (as defined in paragraph (b) of this Section 2) occurs with respect to either the Employer or the Holding Company, and prior to the time the Employer or the Holding Company enters into negotiations which result in such change of control, then unless the termination is “for good cause” as hereinafter defined, the Employer shall pay the Executive a termination allowance in 12 equal monthly payments commencing on the last day of the month in which the date of actual termination occurs, the total amount of which will equal the base salary plus director’s fees, if any, but not including any bonuses paid to the Executive by the Employer in the 12 months next preceding the Notice of Termination. Except as provided in this paragraph 2(a)(i), upon the termination herein described, the compensation and benefits of the Executive will cease as of the Date of Termination as defined in paragraph 2(d).
(ii) Termination of employment “for good cause” means a dismissal of the Executive because of (i) the material failure of the Executive, after written notice, for reasons other than disability, to render services to the Employer as provided herein, (ii) the Executive’s gross or willful neglect of duty, or (iii) illegal or intentional acts by the Executive demonstrating bad faith toward the Employer. If the Employer shall terminate the Executive’s employment for good cause, the Executive shall be entitled only to receive his/her base salary in respect of services performed through the Date of Termination.
Termination by the Employer. (a) The Employer may dismiss an employee only if the employee has been given the following notice:
Termination by the Employer a) Apart from during the probationary period, employment may be terminated by the employer with the provisions of notice in accordance with the following schedule: 1 year or less At least 1 week More than1 year but not more than 3 years At least 2 weeks More than 3 years but not more than 5 years At least 3 weeks More than 5 years At least 4 weeks The period of notice is increased by one week if the employee is over 45 years old and has completed at least 2 years continuous service with the employer.
b) Payment may be made in lieu of the appropriate period of notice.
Termination by the Employer. An Employer may terminate an Employee’s employment in accordance with this clause:
(a) summarily (see clause 13 and 19.2 );
(b) on notice (see clause 13 and 19.3);
(c) on notice, as a consequence of redundancy (see clause 19.3).
Termination by the Employer. (a) In order to terminate the employment of an Employee, the Employer shall give the following notice to full time employees:- Period of Continuous Service Period of Notice 1 year or less 1 week 1 year and up to the completion of 3 years 2 weeks 3 years and up to the completion of 5 years 3 weeks 5 years and over 4 weeks
(b) In addition to the notice in (a) above Employees over 45 years of age at the time of giving notice and with not less than two years continuous service, shall be entitled to an additional one (1) weeks notice.
(c) Payment in lieu of notice shall be made if the appropriate notice is not given. Provided that the employment may be terminated by part of the period of notice specified and part payment in lieu thereof.
(d) In calculating any payment in lieu of notice the relevant time rate of pay for the employee concerned shall be used.
(e) The period of notice in this subclause shall not apply in the case of dismissal for misconduct or other grounds that justify instant dismissal.
Termination by the Employer. (i) This Agreement may be terminated at any time by the Employer by giving written notice to you; provided that no such termination will be effective unless it has been initiated or authorized by the Board. The length of the notice period for any such termination will be at the sole discretion of the Employer. The Employer, in its sole discretion, may (x) require you to use any accrued but unused vacation time during any such notice period (in which case any vacation time that remains unused (up to 3 months) will be paid out in cash) or (y) pay out any accrued but unused vacation time in cash. For the avoidance of doubt, any vacation time that is required to be used or is paid out in cash will be limited to 3 months, and any excess vacation time will be forfeited without payment.
(ii) If your employment is terminated by the Employer for reasons other than for Cause (as defined below), you will be entitled to continue to receive from the Employer (x) continued payment of the sum of (A) your monthly base salary as in effect at the time of such termination plus (B) the product of your target annual bonus opportunity for the fiscal year in which such termination occurs multiplied by one-twelfth (such sum, your "REFERENCE COMPENSATION") each month for 24 months (the "RELEVANT PERIOD") (such payment to commence on the closest payroll date after the effective date of such termination) and (y) for the Relevant Period, continued benefits under any health and welfare employee benefit plans of the Employer or its affiliates in which you participated at the date of such termination. Notwithstanding the foregoing, any further payment or provision of benefits to you under this Section 5(a)(ii) will immediately cease and be no longer due if you breach any of the provisions of Sections 6 or 8. In addition, any unvested equity awards that have been granted to you prior to such date of termination will become fully vested and exercisable, and any restrictions applicable to any such award (other than any transfer restrictions imposed by the Voting Agreement, as defined below) will automatically lapse. Further, you will be entitled to the use of outplacement services for a reasonable period of time following such termination. The cost for such services will not exceed $25,000 and the provider of such services will be mutually and reasonably agreed upon prior to such use.
(iii) For purposes of this Agreement, your employment shall be deemed to have been terminated by the Emplo...
Termination by the Employer. Subject to the payment of severance pursuant to Section 5(d), the Executive's employment under this Agreement may be terminated by the Employer upon thirty (30) days' written notice to the Executive.
Termination by the Employer on Account of or After a Change in -------------------------------------------------------------- Control. In the event the Employee's employment with the Employer is terminated ------- by the Employer "in connection with a Change in Control" as described in subparagraph 1.2(a) and as defined in subparagraph 1.4 above, the Employee shall be entitled to be paid the Applicable Percentage of the Employee Benefits specified in Schedule "B", in substantially equal monthly installments on the first day of each month, beginning with the month following the month in which the Employee attains fifty-nine and one-half (59.5) years of age or any month thereafter, as requested in writing by the Employee and delivered to the Employer or its successor thirty (30) days prior to the commencement of installment payments; provided, however, that in the event the Employee does not request a commencement date as specified, such installments shall be paid on the first day of each month, beginning with the month following the month in which the Employee attains sixty-two (62) years of age. The installments shall be payable (i) for the period designated in Schedule "F" in the case of the balance in the Benefit Account and (ii) until the Employee's death in the case of the Index Benefit defined in Schedule "B".
