Termination Without. JUST CAUSE" includes, but is not limited to, any unilateral change in the material terms and conditions of the Executive's employment.
Termination Without. Cause" or "Good Reason." Either the Company or the Employee shall have the right to terminate this Agreement without "Cause" or "Good Reason" and in its or his discretion, upon written notice to be given to the other party not less than sixty (60) days prior to the effective date of such termination. In such event, all amounts due and owing under this Agreement shall be payable in accordance with their terms as set forth elsewhere in this Agreement.
Termination Without. Cause," for "Good Reason" or for "Death or Disability".
Examples of Termination Without in a sentence
In the event of a Termination Without Cause, the Company shall pay the Manager the Termination Fee before or on the last day of the Initial Term or such Automatic Renewal Term, as the case may be (the “Effective Termination Date”).
In the event of such termination, the TOLLWAY will promptly deliver a written Notice of Termination Without Cause to the DESIGN SECTION ENGINEER.
Except for the Standard Termination Benefits, the Executive shall not be entitled to receive any compensation after the Date of Termination on account of a Termination With Cause, a Voluntary Termination, death, Disability or any reason other than a Termination Without Cause or a Voluntary Termination With Good Reason.
City’s right to suspend the Work shall not give rise to a duty to suspend the Work, and City’s failure to suspend the Work shall not constitute a defense to Contractor’s failure to comply with the requirements of the Contract Documents.15.5 Termination Without Cause.City may, at its sole discretion and without cause, terminate this Construction Contract in part or in whole upon written notice to Contractor.
If the Company disagrees with an Employee’s designated Date of Termination, the Company shall have the right to set an alternative earlier final Date of Termination, which, in and of itself, shall not change the characterization of the termination (e.g., from an Employee Termination Without Good Reason to a Company Termination Without Cause).
More Definitions of Termination Without
Termination Without. Cause" or for "Good Reason" (as such term is defined below). If the Company should terminate the Executive's employment for any reason other than for Cause, or in the event the Executive terminates employment for Good Reason, the Company shall pay the Executive, in a lump sum within ten (10) days following his termination of employment, an amount equal to the Executive's highest Base Salary during the 12-month period prior to his termination of employment. The Executive shall also be entitled to:
Termination Without. Cause shall mean either (1) a termination of the Executive’s employment by the Company, (other than a termination due to death as described in Section 10(a) above, disability as described in Section 10(b) above, or a Termination For Cause as described in Section 10(c) above); or (2) a termination due to Good Reason Resignation as defined as follows:. Good Reason Resignation shall mean termination of employment that is voluntary on the part of the Executive but is due to: (i) a significant reduction of the Executive’s responsibilities, title or status resulting from a change in such title or status, or from the assignment to the Executive of any duties inconsistent with his title, duties, or responsibilities; or (ii) a reduction in the Executive’s salary, bonus potential, or a material reduction of benefits.
Termination Without. Cause shall mean either (1) a termination by the Company of the Executive’s employment, (other than a Termination For Cause); or (2) a termination by the Executive due to a Good Reason Resignation. A Good Reason Resignation shall mean termination of employment that is voluntary on the part of the Executive but is due to: (i) a significant reduction of the Executive’s responsibilities, title or status resulting from a change in such title or status, or from the assignment to the Executive of any duties inconsistent with this agreement; or (ii) a reduction in the Executive’s salary, bonus potential, or a material reduction of benefits.
Termination Without. Cause". Provided that the Executive has been terminated without "Cause", Executive shall be entitled to the following: Severance pay in the amount equal to 1/2 of the annual base salary in effect at the time of termination, Applicable Bonuses due at time of termination, Any past due payments owed to the Executive, Acceleration to 100% of all options granted to Executive under any incentive or bonus plan of Company with a thirty (30) day right to exercise said plan(s); and, Continuation, at no charge to Executive, of all health insurance plans and programs in effect at time of termination for a period of three (3) months. In the event that within the three (3) month period Executive becomes covered by another employer's group plan, the Company's similar plans and programs shall no longer continue. Additionally, COBRA is available for eighteen (18) months at Executive's expense.
Termination Without. Cause" or Termination With "Good Reason". In the event of Executive's termination of employment by the Company without Cause or in the event Executive terminates his employment with Good Reason, as provided for in this Section 6, the Company shall, in addition to providing Executive with the payments and benefits provided in Section 6(b) above, continue to pay to Executive his then current Base Salary (as defined in Section 4(a)) for a period of twelve months, payable in arrears in substantially equal semi-monthly installments, commencing on the effective date of his termination of employment. The Executive shall not be obligated to seek or accept other employment to mitigate the amounts payable under this Agreement, nor shall any amounts or benefits that may be paid or provided to Executive in connection with any other employment or self-employment reduce the amounts and benefits payable or provided to Executive hereunder. In addition, if such termination occurs after the end of the first Contract Year, the
Termination Without. Cause" or for "Good Reason" (as such term is defined below). If the Employer should terminate the Employee's employment for any reason (including a termination as a result of a Change of Control) other than for Cause, or in the event the Employee terminates employment for Good Reason or Employer gives notice of its intent not to renew this Agreement under Section 2, then:
Termination Without. Cause prior to the loan forgiveness date, 1/3 of the loan will be forgiven for each full year of employment with the Company (or its subsidiaries) following the Closing Date. An "Involuntary Termination Without Cause" means a termination of employment by the Company and its subsidiaries (including a termination by reason of death or disability) for reasons other than continuing misconduct, a continuing failure to substantially perform assigned duties, or other material violation of Company policy as applied in a manner consistent with past practices of the Company prior to the Effective Time, in each case after notice and a reasonable opportunity to cure such action shall have been provided to the employee. PERFORMANCE-VESTING 50% of the loan (including interest thereon) will be forgiven as of the Maturity Date if the Company has attained its cumulative "Operating EBIT" goal for such period, as prepared by the CEO of the Company in accordance with the long- term model presented to Numico prior to the date of the Merger Agreement. If a participant is involuntarily terminated without Cause prior to the Maturity Date, 1/3 of the loan (including interest thereon) will be forgiven for each annual Operating EBIT goal attained during such period. SHARE ACCOUNTS All shares purchased under this plan will be held in an account by Numico or Company until the Maturity Date or, if earlier, the date of termination of employment. Participants will have voting (if any), dividend and any other shareholder rights with respect to such shares during such period. Immediately after the Maturity Date, shares held in such account will be delivered to participants (or their nominees) and may be freely sold or transferred. SECURITIES LAW If the purchase of shares of Numico under this plan by eligible employees of the Company (or its subsidiaries) is not permissible by reason of the application of U.S. securities laws or compliance with such laws or other applicable laws would be unduly burdensome, such employees will be granted substitute awards substantially equivalent to the economic benefit under this plan. MISCELLANEOUS In addition to any limitations on transfer or sale described above or upon the lifting of such limitations, the sale of shares of Numico acquired under this plan will be subject to applicable law and the policies of Numico generally