Notice and Date of Termination Clause Example with 24 Variations from Business Contracts
This page contains Notice and Date of Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time and for any reason. During the term of this Agreement, any purported termination of the Executive's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which sh...all indicate the specific termination provision in this Agreement relied upon. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's employment is terminated by his death, the date of his death; (ii) if the Executive's employment is terminated on account of Executive's Disability or by the Company for Cause, the date on which Notice of Termination is given; (iii) if the Executive's employment is terminated by the Company without Cause, the date on which a Notice of Termination is given; (iv) if the Executive's employment is terminated by the Executive without Good Reason, 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's employment is terminated by the Executive with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the foregoing, in the event that the Executive gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement.View More
Variations of a "Notice and Date of Termination" Clause from Business Contracts
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at Except for termination as specified in Section 3(a), any time and for any reason. During the term of this Agreement, any purported termination of the Executive's employment (other than by reason of death) the Company or any such termination by the Executive shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance w...ith this Section 9. hereto. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's employment is terminated by his death, the date of his death; (ii) if the Executive's employment is terminated on account of Executive's Disability disability under Section 3(b) or by the Company for Cause, Cause under Section 3(c), the date on which Notice of Termination is given; (iii) if the Executive's employment is terminated by the Company without Cause, under Section 3(d), the date on which a Notice of Termination is given; given or the date otherwise specified by the Company in the Notice of Termination; (iv) if the Executive's employment is terminated by the Executive without Good Reason, under Section 3(e) (other than as provided in 4(b)(v)), 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's employment is terminated by the Executive with under Section 3(e) for Good Reason, Reason (as defined below) during the Change in Control Period, the date on which a Notice of Termination is given after the end of the Cure Period. For purposes of this Agreement, "Good Reason" shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive's consent (each, a "Good Reason Condition"): (i) a material diminution in the Executive's responsibilities, authority or duties; (ii) a material diminution in the Executive's Base Salary except for across-the-board salary reductions based on the Company's financial performance similarly affecting all or substantially all senior management employees of the Company; (iii) a material change in the geographic location at which the Executive provides services to the Company, such that there is an increase of at least fifty (50) miles of driving distance to such location from the Executive's principal residence as of such change; or (iv) a material breach of this Agreement by the Company. The "Good Reason Process" consists of the following steps: (a) the Executive reasonably determines in good faith that a Good Reason Condition has occurred; (b) the Executive notifies the Company in writing of the first occurrence of the Good Reason Condition within 60 days of the first occurrence of such condition; (d) the 4 Executive cooperates in good faith with the Company's efforts, for a period of not less than 30 days following such notice (the "Cure Period"), to remedy the Good Reason Condition; (e) notwithstanding such efforts, the Good Reason Condition continues to exist; and the Executive terminates employment within 60 days after the end of the Cure Period. If the Company cures the Good Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred. Notwithstanding the foregoing, in the event that the Executive gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at Except for termination as specified in Section 3(a), any time and for any reason. During the term of this Agreement, any purported termination of the Executive's employment (other than by reason of death) the Company or any such termination by the Executive shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance w...ith this Section 9. hereto. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's employment is terminated by his death, the date of his death; (ii) if the Executive's employment is terminated on account of Executive's Disability disability under Section 3(b) or by the Company for Cause, Cause under Section 3(c), the date on which Notice of Termination is given; (iii) if the Executive's employment is terminated by the Company without Cause, under Section 3(d), the date on which a Notice of Termination is given; given or the date otherwise specified by the Company in the Notice of Termination; (iv) if the Executive's employment is terminated by the Executive without Good Reason, under Section 3(e) (other than as provided in 4(b)(v)), 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's employment is terminated by the Executive with under Section 3(e) for Good Reason, Reason (as defined below) during the Change in Control Period, the date on which a Notice of Termination is given after the end of the Cure Period. For purposes of this Agreement, "Good Reason" shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive's consent (each, a "Good Reason Condition"): (i) a material diminution in the Executive's responsibilities, authority or duties; (ii) a material diminution in the Executive's Base Salary except for across-the-board salary reductions based on the Company's financial performance similarly affecting all or substantially all senior management employees of the Company; (iii) a material change in the geographic location at which the Executive provides services to the Company, such that there is an increase of at least thirty (30) miles of driving distance to such location from the Executive's principal residence as of such change; or (iv) a material breach of this Agreement by the Company. The "Good Reason Process" consists of the following steps: (a) the Executive reasonably determines in good faith that a Good Reason Condition has occurred; (b) the Executive notifies the Company in writing of the first occurrence of the Good Reason Condition within 60 days of the first occurrence of such condition; (d) the 4 Executive cooperates in good faith with the Company's efforts, for a period of not less than 30 days following such notice (the "Cure Period"), to remedy the Good Reason Condition; (e) notwithstanding such efforts, the Good Reason Condition continues to exist; and the Executive terminates employment within 60 days after the end of the Cure Period. If the Company cures the Good Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred. Notwithstanding the foregoing, in the event that the Executive gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time and for any reason. During the term of this Agreement, any Any purported termination of the Executive's Employee's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. 10. For purposes of this Agreement, a "Notice of Termination" shall mea...n a notice which shall indicate the specific termination provision in this Agreement relied upon. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's Employee's employment is terminated by his death, the date of his death; (ii) if the Executive's Employee's employment is terminated on account of Executive's Employee's Disability or by the Company for Cause, the date on which Notice of Termination is given; (iii) if the Executive's Employee's employment is terminated by the Company without Cause, the date on which a Notice of Termination is given; (iv) if the Executive's Employee's employment is terminated by the Executive Employee without Good Reason, 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's Employee's employment is terminated by the Executive Employee with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the foregoing, in the event that the Executive Employee gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. 6 11. No Mitigation. The Company agrees that, if the Employee's employment by the Company is terminated during the term of this Agreement, the Employee is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Employee by the Company pursuant to Section 4 or Section 5 hereof. Further, the amount of any payment provided for in this Agreement shall not be reduced by any compensation earned by the Employee as the result of employment by another employer. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time After a Change in Control and for any reason. During during the term of this Agreement, any purported termination of the Executive's Employee's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. 10. For purposes of this Agreement, a "Not...ice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's Employee's employment is terminated by his death, the date of his death; (ii) if the Executive's Employee's employment is terminated on account of Executive's Employee's Disability or by the Company for Cause, the date on which Notice of Termination is given; (iii) if the Executive's Employee's employment is terminated by the Company without Cause, Cause the date on which a Notice of Termination is given; (iv) if the Executive's Employee's employment is terminated by the Executive Employee without Good Reason, 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's Employee's employment is terminated by the Executive Employee with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the foregoing, in the event that the Executive Employee gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. 6 11. No Mitigation. The Company agrees that, if the Employee's employment by the Company is terminated during the term of this Agreement, the Employee is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Employee by the Company pursuant to Section 4 or Section 5 hereof. Further, the amount of any payment provided for in this Agreement shall not be reduced by any compensation earned by the Employee as the result of employment by another employer. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time and for any reason. During the term of this Agreement, any purported termination of the Executive's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which sh...all indicate the specific termination provision in this Agreement relied upon. (b) Date (b)Date of Termination. "Date of Termination" shall mean: (i) if the Executive's Employee's employment is terminated by his death, the date of his death; (ii) if the Executive's Employee's employment is terminated on account of Executive's Employee's Disability or by the Company for Cause, 6 the date on which Notice of Termination is given; (iii) if the Executive's Employee's employment is terminated by the Company without Cause, Cause the date on which a Notice of Termination is given; (iv) if the Executive's Employee's employment is terminated by the Executive Employee without Good Reason, 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's Employee's employment is terminated by the Executive Employee with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the foregoing, in the event that the Executive Employee gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time After a Change in Control and for any reason. During during the term of this Agreement, any purported termination of the Executive's Employee's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. 11. For purposes of this Agreement, a "Not...ice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. upon in granting or denying benefits hereunder. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's employment is terminated by his death, the date of his death; (ii) if the Executive's Employee's employment is terminated on account of Executive's Employee's Disability or by the Company for with or without Cause, the date on which Notice of Termination is given; (iii) (ii) if the Executive's Employee's employment is terminated by the Company without Cause, the date on which a Notice of Termination is given; (iv) if the Executive's employment is terminated by the Executive Employee without Good Reason, 30 days after the date on which a Notice of Termination is given, and (v) (iii) if the Executive's Employee's employment is terminated by the Executive Employee with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. cure period provided in Section 3(b). Notwithstanding the foregoing, in the event that the Executive Employee gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time After a Change in Control and for any reason. During during the term of this Agreement, any purported termination of the Executive's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. 7. For purposes of this Agreement, a "Notice of Termi...nation" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. upon and the Date of Termination. 6 (b) Date of Termination. "Date of Termination" shall mean: (i) if Termination," with respect to any purported termination of the Executive's employment is terminated by his death, after a Change in Control and during the term of this Agreement, shall mean the date specified in the Notice of his death; (ii) if Termination. In the Executive's employment is terminated on account case of Executive's Disability or a termination by the Company Employers other than a termination for Cause, Cause (which may be effective immediately), the date on which Date of Termination shall not be less than 30 days after the Notice of Termination is given; (iii) if given. In the Executive's employment is terminated case of a termination by the Company without Cause, Executive, the Date of Termination shall not be less than 30 days from the date on which a such Notice of Termination is given; (iv) if the Executive's employment is terminated by the Executive without Good Reason, 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's employment is terminated by the Executive with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. given. Notwithstanding the foregoing, in the event that the Executive gives a Notice of Termination to the Company, Employers, the Company Employers may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company Employers for purposes of this Agreement. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time After a Change in Control and for any reason. During during the term of this Agreement, any purported termination of the Executive's Employee's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9 and Section 15. For purposes of this Agreem...ent, a "Notice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's Employee's employment is terminated by his death, the date of his death; (ii) if the Executive's Employee's employment is terminated on account of Executive's Employee's Disability or by the Company for with or without Cause, the date on which Notice of Termination is given; (iii) if the Executive's Employee's employment is terminated by the Company without Cause, the date on which a Notice of Termination is given; (iv) if the Executive's employment is terminated by the Executive Employee without Good Reason, 30 days after the date on which a Notice of Termination is given, given; and (v) (iv) if the Executive's Employee's employment is terminated by the Executive Employee with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the foregoing, in the event that the Executive Employee gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time After a Change in Control and for any reason. During during the term of this Agreement, any purported termination of the Executive's Employee's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. 10. For purposes of this Agreement, a "Not...ice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's Employee's employment is terminated by his her death, the date of his her death; (ii) if the Executive's Employee's employment is terminated on account of Executive's Employee's Disability or by the Company for Cause, the date on which Notice of Termination is given; (iii) if the Executive's Employee's employment is terminated by the Company without Cause, Cause the date on which a Notice of Termination is given; (iv) if the Executive's Employee's employment is terminated by the Executive Employee without Good Reason, 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's Employee's employment is terminated by the Executive Employee with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the foregoing, in the event that the Executive Employee gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. View More
Notice and Date of Termination. (a) Notice of Termination. The Executive's employment with the Company may be terminated by the Company or the Executive at any time After a Change in Control and for any reason. During during the term of this Agreement, any purported termination of the Executive's Employee's employment (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with this Section 9. 10. For purposes of this Agreement, a "Not...ice of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. (b) Date of Termination. "Date of Termination" shall mean: (i) if the Executive's Employee's employment is terminated by his death, the date of his death; (ii) if the Executive's Employee's employment is terminated on account of Executive's Employee's Disability or by the Company for Cause, the date on which Notice of Termination is given; (iii) if the Executive's Employee's employment is terminated by the Company without Cause, Cause the date on which a Notice of Termination is given; (iv) if the Executive's Employee's employment is terminated by the Executive Employee without Good Reason, 30 days after the date on which a Notice of Termination is given, and (v) if the Executive's Employee's employment is terminated by the Executive Employee with Good Reason, the date on which a Notice of Termination is given after the end of the Cure Period. Notwithstanding the foregoing, in the event that the Executive Employee gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a termination by the Company for purposes of this Agreement. View More
