Termination of Employment Contract Clauses (4,973)
Grouped Into 164 Collections of Similar Clauses From Business Contracts
This page contains Termination of Employment clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Termination of Employment. 5.1General Termination Provisions. 5.2Payments in Case of all Terminations. 5.3Payments in Case of Termination for Good Reason or Without Cause. 5.4Equity, If any. 5.5Automatic Resignation. 5.6Section 280G.
Termination of Employment. 5.1General Termination Provisions. 5.2Payments in Case of all Terminations. 5.3Payments in Case of Termination for Good Reason or Without Cause. 5.4Equity, If any. 5.5Automatic Resignation. 5.6Section 280G.
Termination of Employment. 5.1Termination by the Company or Executive. 5.2Death. 5.3Notice of Termination. 5.4Termination Date. 5.5Resignation of All Other Positions. 5.6Section 280G.
Termination of Employment. 5.1Termination 5.1 Termination by the Company or Executive. 5.2Death. 5.3Notice Employee. 5.2 Death. 5.3 Notice of Termination. 5.4Termination 5.4 Termination Date. 5.5Resignation 5.5 Resignation of All Other Positions. 5.6Section 5.6 Section 280G.
Termination of Employment. 6.1Expiration of the Employment Term. 6.2Termination of Employment Term by Employer for "Cause". 6.3Termination of Employment Term by Employer Without Cause, or by Employee for "Good Reason". 6.4Termination of Employment Term by Employee's Death or Disability. 6.5Notice of Termination. 6.6Termination Date.
Termination of Employment. 6.1Expiration of the Employment Term. 6.2Termination of Employment Term by Employer for "Cause". 6.3Termination of Employment Term by Employer Without Cause, or by Employee for "Good Reason". 6.4Termination of Employment Term by Employee's Death or Disability. 6.5Notice of Termination. 6.6Termination Date.
Termination of Employment. a. Except as provided in Section 4(b) and Section 5, if your employment is terminated for any reason before the Vesting Date, your right to this Award will terminate immediately upon such termination of employment. Termination of employment and similar terms when used in this Award refer to a termination of employment that constitutes a separation from service within the meaning of Section 409A of the Internal Revenue Code. b. If your termination of employment during the Performance Period is du...e to Retirement (as defined below), death, or Disability (as defined below), your Award will vest at the end of the Performance Period and will be prorated for the number of days during the Performance Period prior to your termination. "Retirement" means you voluntarily quit (i) on or after age 65, or (ii) on or after age 55 if you have at least 20 years of service with the Company or any company or division acquired by the Company. "Disability" means the inability to substantially perform your duties and responsibilities by reason of any accident or illness that can be expected to result in death or to last for a continuous period of not less than one year; provided, however, the Award shall continue to vest for 18 months after Disability begins. c. The employment relationship will be treated as continuing intact while you are on military, sick leave or other bona fide leave of absence if (i) the Company does not terminate the employment relationship or (ii) your right to re-employment is guaranteed by statute or by contract.View More
Termination of Employment. a. Except as provided in Section 4(b) 4(b), Section 4(c), and Section 5, if your employment is terminated for any reason before the Vesting Date, your right to this Award will terminate immediately upon such termination of employment. Termination of employment and similar terms when used in this Award refer to a termination of employment that constitutes a separation from service within the meaning of Section 409A of the Internal Revenue Code. b. If your termination of employment during the Perf...ormance Period is due to Retirement (as defined below), death, or Disability (as defined below), your Award will vest at the end of the Performance Period and will be prorated for the number of days during the Performance Period prior to your termination. "Retirement" means you voluntarily quit (i) on or after age 65, or (ii) on or after the date at which the combination of your age 55 if you have at least 20 and your years of service with the Company or any company or division acquired by the Company. Company is greater than or equal to 70 years. c. If your termination of employment during the Performance Period is due to death or Disability (as defined below), your Award will vest immediately at 100% of your Base Award and be payable within 60 days of such event. "Disability" means the inability to substantially perform your duties and responsibilities by reason of any accident or illness that can be expected to result in death or to last for a continuous period of not less than one year; provided, however, the Award shall continue to vest for 18 months after Disability begins. c. year. d. The employment relationship will be treated as continuing intact while you are on military, sick leave or other bona fide leave of absence if (i) the Company does not terminate the employment relationship or (ii) your right to re-employment is guaranteed by statute or by contract. View More
Termination of Employment. (a) If the Participant's employment with the Company is terminated during the Performance Period (i) for "Cause" (as defined below) at any time or (ii) for any reason other than "Cause" before the Participant, as of the effective date of termination, has reached age 55 and completed 10 "Years of Service" (as defined below), all Performance Shares (and related Dividend Equivalents) shall be forfeited. (b) If the Participant's employment with the Company is terminated for any reason other than "Ca...use" after the Participant, as of the effective date of termination, has reached age 55 and completed 10 "Years of Service" (i) during the first year of the Performance Period, all Performance Shares (and related Dividend Equivalents) shall be forfeited; (ii) during the second year of the Performance Period, determination of the Company's Payout Percentage for the Performance Period will be made by the Committee at the end of the Performance Period, and Shares (and related Dividend Equivalents) earned, if any, will be paid based on the Payout Percentage, prorated for the number of full months elapsed from and including the month in which the Performance Period began to and including the month in which the termination of employment occurs; and (iii) during the third year of the Performance Period, determination of the Company's Payout Percentage for the Performance Period will be made by the Committee at the end of the Performance Period, and Shares (and related Dividend Equivalents) earned, if any, will be paid based on the Payout Percentage without prorating. (c) For purposes of the Award Agreement, the term "Cause" shall mean the Participant's fraud or dishonesty that has resulted or is likely to result in material economic damage to the Company or a Subsidiary, or the Participant's willful nonfeasance if such nonfeasance is not cured within ten days of written notice from the Company or a Subsidiary, as determined in good faith by a vote of at least two-thirds of the non-employee directors of the Company at a meeting of the Board at which the Participant is provided an opportunity to be heard. For purposes of the Award Agreement, the term "Years of Service" shall mean the years a Participant is employed by the Company and/or a Subsidiary.View More
Termination of Employment. (a) If the Participant's employment with the Company is terminated during the Performance Period (i) for "Cause" (as defined below) at any time or (ii) for any reason other than "Cause" before the Participant, as of the effective date of termination, has reached age 55 and completed 10 "Years of Service" (as defined below), all Performance Shares (and related Dividend Equivalents) shall be forfeited. (b) If the Participant's employment with the Company is terminated for any reason other than "Ca...use" after the Participant, as of the effective date of termination, has reached age 55 and completed 10 "Years of Service" (i) during the first year of the Performance Period, all Performance Shares (and related Dividend Equivalents) shall be forfeited; (ii) during the second year of the Performance Period, determination of the Company's Payout Percentage for the Performance Period will be made by the Committee at the end of the Performance Period, and Shares (and related Dividend Equivalents) earned, if any, will be paid based on the Payout Percentage, prorated for the number of full months elapsed from and including the month in which the Performance Period began to and including the month in which the termination of employment occurs; and (iii) during the third year of the Performance Period, determination of the Company's Payout Percentage for the Performance Period will be made by the Committee at the end of the Performance Period, and Shares (and related Dividend Equivalents) earned, if any, will be paid based on the Payout Percentage without prorating. (c) For purposes of the Award Agreement, the term "Cause" shall mean the Participant's fraud or dishonesty that has resulted or is likely to result in material economic damage to the Company or a Subsidiary, or the Participant's willful nonfeasance if such nonfeasance is not cured within ten days of written notice from the Company or a Subsidiary, as determined in good faith by a vote of at least two-thirds of the non-employee directors of the Company at a meeting of the Board at which the Participant is provided an opportunity to be heard. For purposes of the Award Agreement, the term "Years of Service" shall mean the years a Participant is employed by the Company and/or a Subsidiary. Annex A - 6 8. Tax Withholding. Pursuant to Article 14 of the Plan, the Committee has the power and the right to deduct or withhold, or require the Participant to remit to the Company, an amount sufficient to satisfy any federal, state and local taxes (including the Participant's FICA obligations) required by law to be withheld with respect to the Award and Dividend Equivalents. The Committee may condition the delivery of Shares upon the Participant's satisfaction of such withholding obligations. The withholding requirement for Shares will be satisfied by the Company withholding Shares having a Fair Market Value equal to federal income tax withholding obligations using an IRS accepted methodology plus additional amounts for state and local tax purposes, as applicable, including payroll taxes, that are applicable to such supplemental taxable income but with rates not to exceed the maximum effective statutory rates, unless the Participant elects, in a manner satisfactory to the Committee, to remit an amount to satisfy the withholding requirement subject to such resrictions or limitations that the Committee, in its sole discretion, deems appropriate. Such election must be made before, and is irrevocable after, December 15 of the last year of the Performane Period, and cannot be made or revoked while the Participant possesses information that will be material nonpublic information at the time the Shares are issued such that the Participant would be prohibited from trading on the Company's stock under its Insider Trading Policy. View More
Termination of Employment. Employee's employment with the Company will remain on an "at-will" basis during the Transition Period; if not terminated earlier, Employee's employment with the Company will be terminated by the Company on the Separation Date. As of the Separation Date, Employee is not to hold himself out as an employee, agent, or authorized representative, or negotiate or enter into any agreements on behalf of the Company or otherwise attempt to bind the Company. Employee is also deemed to have resigned from an...y positions held by Employee with the Company or any of its affiliates effective as of the Separation Date, which includes Employee no longer being a Section 16 filing person pursuant to the 1934 Securities Exchange Act. Upon termination of his employment, Employee will be paid, at his regular rate of pay, for all hours worked through the Separation Date and for four (4) weeks of unpaid vacation as of the Separation Date regardless of whether or not Employee signs this Agreement. Employee will be paid these amounts in accordance with normal payroll procedures. Employee acknowledges that these amounts are all of the amounts owed to Employee by the Company through the Separation Date including, but not limited to, any bonus determine by the Company's Board of Directors to be granted to employees of the Company.View More
Termination of Employment. Employee's employment with the Company will remain was terminated effective on an "at-will" basis during the Transition Period; if not terminated earlier, Employee's employment with the Company January 3, 2019 (the "Separation Date"). Employee will be terminated paid, at his regular rate of pay, for all hours worked through the Separation Date and for any accrued but unused vacation as of the Separation Date regardless of whether or not Employee signs this Agreement. Employee will be paid these ...amounts in accordance with normal payroll procedures. Employee acknowledges that these amounts are all of the amounts owed to Employee by the Company on through the Separation Date. As of the Separation Date, Employee is not to hold himself out as an employee, agent, or authorized representative, or negotiate or enter into any agreements on behalf of the Company or otherwise attempt to bind the Company. Employee is also deemed to have resigned from any positions held by Employee with the Company or any of its affiliates effective as of the Separation Date, which includes Employee no longer being a Section 16 filing person pursuant to the 1934 Securities Exchange Act. Upon termination of his employment, Employee will be paid, at his regular rate of pay, for all hours worked through the Separation Date and for four (4) weeks of unpaid vacation as of the Separation Date regardless of whether or not Employee signs this Agreement. Employee will be paid these amounts in accordance with normal payroll procedures. Employee acknowledges that these amounts are all of the amounts owed to Employee by the Company through the Separation Date including, but not limited to, any bonus determine by the Company's Board of Directors to be granted to employees of the Company. Date. View More
Termination of Employment. You agree that your separation shall be effective as of the Separation Date and, as of such date, you shall voluntarily resign from and cease to be employed by the Company and each and every subsidiary or affiliate of the Company in all capacities. You have executed and delivered to the Company the Resignation Letter annexed hereto as Exhibit "A" to the Agreement.
Termination of Employment. You agree that your separation shall be effective as of the Separation Date and, as of such date, you shall voluntarily resign from and cease to be employed by the Company and each and every subsidiary or affiliate of the Company in all capacities. capacities, including but not limited to, as Chief Product Officer. You have executed and delivered to the Company the Resignation Letter annexed hereto as Exhibit "A" to the Agreement. concurrently with our mutual execution of this Separation Agreeme...nt and Release. View More
Termination of Employment. Upon termination of Grantee's employment with the Company or a Subsidiary for any reason, vesting of the RSUs shall terminate and any portion of the RSUs that are unvested at the time of termination of Grantee's employment with the Company or a Subsidiary shall expire, terminate and be forfeited and of no further force or effect.
Termination of Employment. Upon termination of Grantee's employment with the Company or a Subsidiary for any reason, reason (other than as set forth in Section 4 above), vesting of the RSUs shall terminate and any portion of the RSUs that are unvested at the time of termination of Grantee's employment with the Company or a Subsidiary shall expire, terminate and be forfeited and of no further force or effect.
Termination of Employment. The last date of your employment with the Company is August 8, 2019 (the "Separation Date"). Effective as of the Separation Date, all of your positions with the Company and its affiliates shall automatically terminate, including, without limitation, your position as Chief Executive Officer of the Company, but, notwithstanding Section 5.8 of the Employment Agreement, excluding your position as Chairman of the Board (subject to the Company's bylaws). Other than as provided in Section 2, the Separa...tion Date will be the termination date of your employment for purposes of active coverage and participation in all benefit plans and programs sponsored by the Company. You will be paid all Accrued Amounts due to you through the Separation Date in accordance with the Employment Agreement.View More
Termination of Employment. The last date of your employment with the Company is August 8, September 11, 2019 (the "Separation Date"). Effective as of the Separation Date, all of your positions with the Company and its affiliates shall automatically terminate, including, without limitation, your position as Chief Executive Officer President of the Company, but, notwithstanding Section 5.8 of the Employment Agreement, excluding your position as Chairman of the Board (subject to the Company's bylaws). Company. Other than as ...provided in Section 2, the Separation Date will be the termination date of your employment for purposes of active coverage and participation in all benefit plans and programs sponsored by the Company. You will be paid all Accrued Amounts due to you through the Separation Date in accordance with the Employment Agreement. Offer Letter. View More
Termination of Employment. Termination of a Participant's employment with the Company for any reason, including retirement, disability or death or the failure of a Participant to remain an employee eligible to participate in the Plan, shall terminate the Participant's participation in the Plan immediately. In such event, the payroll deductions credited to the Participant's account since the last Purchase Date shall, as soon as practicable, be returned to the Participant or, in the case of the Participant's death, to the P...articipant's legal representative, and all of the Participant's right under the Plan shall terminate. Interest A-5 shall not be paid on sums returned to a Participant pursuant to this paragraph 12 unless the Board elects otherwise pursuant to paragraph 9(e) above. A Participant whose participation has been so terminated may again become eligible to participate in the Plan by again satisfying the requirements of paragraphs 4 and 6 above.View More
Termination of Employment. Termination of a Participant's employment with the Company for any reason, including retirement, disability or death or the failure of a Participant to remain an employee eligible to participate in the Plan, shall terminate the Participant's participation in the Plan immediately. In such event, the payroll deductions credited to the Participant's account since the last Purchase Date shall, as soon as practicable, be returned to the Participant or, in the case of the Participant's death, to the P...articipant's legal representative, and all of the Participant's right rights under the Plan shall terminate. Interest A-5 shall not be paid on sums returned to a Participant pursuant to this paragraph 12 unless 11. DraftKings may establish a date which is a reasonable number of days prior to the Board elects otherwise pursuant to Purchase Date as a cutoff for return of a Participant's payroll deductions in the form of cash. After the cutoff date, Shares will be purchased for the terminated employee in accordance with paragraph 9(e) 10(c), above. A Participant whose participation has been so terminated may again become eligible to participate in the Plan by again satisfying the requirements of paragraphs 4 and 6 6(a) above. View More
