Termination Procedure Contract Clauses (127)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Termination Procedure clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Termination Procedure. 6.1 Notice of Termination. During the Term, 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 Section 10 hereof. 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 and shall set forth in reasonable detail the facts and circumst...ances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, shall mean (i) if the Executive's employment is terminated for Disability, thirty (30) days after Notice of Termination is given (provided that the Executive shall not have returned to the full-time performance of the Executive's duties during such thirty (30) day period), and (ii) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). View More
Found in ARMSTRONG WORLD INDUSTRIES INC contract
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Termination Procedure. 6.1 (a) Notice of Termination. During the Term, any purported Any termination of the Executive's employment Service Period mpany or by the Executive (other than by reason a termination on account of death) the Executi shall be communicated by written Notice "Notice of Termination from one party hereto Termination" to the other party hereto in accordance ance with Section 10 14(a) hereof. For purposes The Notice of this Agreement, a "Notice of Termination" shall mean a notice which shall Terminat...ion must indicate the specific c termination provision in this Agreement relied upon the party giving such notice believes e the circumstances applicable to such termination and shall set forth in reasonable detail the reason he facts and circumstances claimed to provide a basis for termination of the Executive's ive's employment under the provision so indicated. 4 6.2 such provision_ (b) Date of Termination. "Date of Termination," with respect Termination" shall mean (i) ifth Period expires pursuant to any purported termination Section 4(a) hereof, the date on which the expiratio vice Period occurs; (ii) if the Service Period is terminated due to the Executive' r Disability, the date of the Executive's employment during death or the Term, shall mean (i) date on which the Notice o ation is received by the Executive that the Board made its determination of ity in accordance with Section 4(b)(i) (A) or (B) hereof, (iii) if the Executive's employment is terminated Company tes the Service Period for Disability, thirty (30) days after Cause, the date on which the Notice of Termination i d by the Executive; (iv) if the Executive terminates the Service Period for Good , the date on which the Notice of Termination is given (provided that by the Executive shall not have returned (or suc date as may be agreed to by the full-time performance of the Executive's duties during such thirty (30) day period), and (ii) Company); (v) if the Executive's employment Executive voluntarily tes the Service Period (other than for Good Reason), the date specified in the No ination, which date shall be no earlier than sixty (60) days after the date such no pursuant to Section 4(b)(v) hereof, unless otherwise agreed to by the parties; a he Service Period is terminated for any other reason, the date specified on which a Notice ation is received or any later date (within 30 days, or any alternative time perio upon by the parties, after the giving of such notice) as set forth in such Notice o ation. Notwithstanding the foregoing, if the party receiving a Notice ofTerminat the other party that a dispute exists concerning the appropriate characterization ect termination for purposes of determining the Executive's entitlement to Accr ions and Severance Payments, and any other benefits hereunder, the Date of ation shall be the date on which the dispute shall be finally resolved whether by agreement of the parties, by a binding arbitration award, or by a final ealable judgment or order by a court of competent jurisdiction, provided that herein modifies the mandatory arbitration provisions set forth in Section 10 her (c) Continuation ofPayment The Company shall continue to pay th ve's full compensation in effect when the Notice ofTermination giving rise to t described in subsection (b) above was given (including, but not limited to, the ve's then Base Salary) and continue the Executive as a participant in all employ plans and arrangements of Termination (which, the Company in which the case Executive was participati e notice of a termination by dispute was given, until the Executive, dispute is fmally resolved in accordance s Agreement. Amounts paid under this Section 5(c) shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from offset against, o any other amounts due to the date such Notice of Termination is given). Executive pursuant to this Agreement. View More
Found in BROADWAY FINANCIAL CORP contract
Termination Procedure. 6.1 a) Notice of Termination. During the Term, any purported Any termination of the Executive's employment by the Company or by Executive during the Employment Period (other than by reason of death) termination pursuant to Section 6(a)) shall be communicated by written Notice of Termination from one party hereto to the other party hereto in accordance with Section 10 hereof. 13. For purposes of this Agreement, a "Notice of Termination" shall mean a notice which shall indicate the specific termin...ation provision in this Agreement relied upon and (except to the extent set forth in a notice previously given) shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 b) Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, Termination" shall mean (i) if the Executive's employment is terminated for Disability, by his death, the date of his death, (ii) if Executive's employment is terminated pursuant to Section 6(b), thirty (30) days after Notice of Termination is given (provided that the Executive shall not have returned to the full-time substantial performance of the Executive's his duties on a full-time basis during such thirty (30) day period), (iii) if Executive's employment is terminated pursuant to Section 6(e), 90 after Notice of Termination or any later date set forth in such Notice of Termination and (ii) (iv) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days after the giving of such notice) set forth in such Notice of Termination. c) Resignation. Upon termination of Executive's employment hereunder for any reason, the Executive shall be deemed to have resigned from all positions that Executive holds as an officer or manager of the Company or any of its affiliates or member of the board of directors or equivalent (or a committee thereof) of the Company or any of its affiliates. View More
Found in BASANITE, INC. contract
Termination Procedure. 6.1 Notice (a)Notice of Termination. During the Term, any purported Any termination of the Executive's employment by the Company or by the Executive during or upon the expiration of the Employment Period (other than by reason a termination on account of death) the death of Executive) shall be communicated by written Notice "Notice of Termination from one party hereto Termination" to the other party hereto in accordance with Section 10 hereof. 10(b) of this Agreement. -5- (b)Date of Termination. ...For purposes of this Agreement, a "Notice "Date of Termination" shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive's employment under the provision so indicated. 4 6.2 Date of Termination. "Date of Termination," with respect to any purported termination of the Executive's employment during the Term, shall mean (i) if the Executive's employment is terminated for Disability, by his death, the date of his death, (ii) if the Executive's employment is terminated pursuant to Section 4(c) of this Agreement, on the date the Executive receives Notice of Termination from the Company, (iii) if the Executive voluntarily terminates his employment without Good Reason, the date specified in the notice given pursuant to Section 4(e) herein, which shall not be less than thirty (30) days after the Notice of Termination is given (provided that (or one hundred and twenty (120) days thereafter, in the case of Retirement), (iv) if the Executive shall not have returned to terminates his employment for Good Reason, the full-time performance date specified in the notice given by the Executive of the Executive's duties during such thirty (30) day period), event constituting Good Reason, which shall comply with the time periods and (ii) procedural requirements provided in Section 4(f) of this Agreement, and (v) if the Executive's employment is terminated for any other reason, the date specified in the Notice of Termination (which, in the case of on which a termination by the Executive, shall not be less than fifteen (15) days nor more than sixty (60) days, respectively, from the date such Notice of Termination is given). given or any later date (within thirty (30) days, or any alternative time period agreed upon by the parties, after the giving of such notice) set forth in such Notice of Termination, including the Scheduled Termination Date, as applicable. View More
Found in IQVIA Holdings Inc. contract
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Termination Procedure. Any purported termination of the Executive's employment shall be documented in a writing appropriate to the nature of the termination from the party terminating the employment relationship to the other party: (a) In the case of termination by the Company with Cause, the Company shall provide Executive with a written notice identifying (i) in reasonable detail the facts and circumstances giving rise to the determination that Cause exists, and (ii) the effective date of the termination of employme...nt; (b) In the case of a termination by the Executive for Good Reason, the Executive shall provide the Company with a written notice (the "Notice of Good Reason") stating (i) in reasonable detail the facts and circumstances giving rise to the determination that Good Reason exists, and (ii) the effective date of the termination of employment absent cure, as provided below, in compliance with the time period set forth in Section 1.16 herein; (c) In the case of all other terminations of employment, a document establishing the effective date of the termination of employment, in each case, subject to any other contractual obligations that may exist between the Company and the Executive. Under circumstances where the Executive will be eligible for payment and benefits under the terms of the Agreement (i.e., a termination by the Company without Cause), the document will confirm the Executive's eligibility for these payments and benefits and summarize the Executive's entitlements post-termination. Notwithstanding the foregoing, in the case of a termination by the Executive with Good Reason, the Company shall have an opportunity to cure the circumstances giving rise to Good Reason within 30 days after receipt of the Notice of Good Reason. If the Company fails to cure such circumstances, the effective date of termination shall be the date specified in the Notice of Good Reason, notwithstanding such 30-day cure period. View More
Found in Hilton Grand Vacations Inc. contract
Termination Procedure. Any purported termination of the Executive's a Participant's employment shall be documented in a writing appropriate to the nature of the termination from the party terminating the employment relationship to the other party: (a) In the case of termination by the Company with Cause, the Company shall provide Executive Participant with a written notice identifying (i) in reasonable detail the facts and circumstances giving rise to the determination that Cause exists, and (ii) the effective date of... the termination of employment; (b) employment;(b) In the case of a termination by the Executive Participant for Good Reason, the Executive Participant shall provide the Company with a written notice (the "Notice of Good Reason") stating (i) in reasonable detail the facts and circumstances giving rise to the determination that Good Reason exists, and (ii) the effective date of the termination of employment absent cure, as provided below, in compliance with the time period periods set forth in Section 1.16 herein; under the definition of "Good Reason"; (c) In the case of all other terminations of employment, a document establishing the effective date of the termination of employment, in each case, subject to any other contractual obligations that may exist between the Company and the Executive. Participant. Under circumstances where the Executive Participant will be eligible for payment and benefits under the terms of the Agreement Plan (i.e., a termination by the Company without Cause), the document will confirm the Executive's Participant's eligibility for these payments and benefits and summarize the Executive's Participant's entitlements post-termination. Notwithstanding the foregoing, in the case of a termination by the Executive with Good Reason, the Company shall have an opportunity to cure the circumstances giving rise to Good Reason within 30 days after receipt of the Notice of Good Reason. If the Company fails to cure such circumstances, the effective date of termination shall be the date specified in the Notice of Good Reason, notwithstanding such 30-day cure period. View More
Found in Hilton Worldwide Holdings Inc contract
Termination Procedure. Any purported termination of the Executive's a Participant's employment shall be documented in a writing appropriate to the nature of the termination from the party terminating the employment relationship to the other party: (a) In the case of termination by the Company Participant's Employer with Cause, the Company Employer shall provide Executive Participant with a written notice identifying (i) in reasonable detail the facts and circumstances giving rise to the determination that Cause exists..., and (ii) the effective date of the termination of employment; (b) In the case of a termination by the Executive Participant for Good Reason, the Executive Participant shall provide the Company his or her Employer with a written notice (the "Notice of Good Reason") stating (i) in reasonable detail the facts and circumstances giving rise to the determination that Good Reason exists, and (ii) the effective date of the termination of employment absent cure, as provided below, in compliance with the time period set forth in Section 1.16 herein; below; (c) In the case of all other terminations of employment, a document establishing the effective date of the termination of employment, in each case, subject to any other contractual obligations that may exist between the Company Employer and the Executive. Participant. Under circumstances where the Executive Participant will be eligible for payment and benefits under the terms of the Agreement Plan (i.e., a termination by the Company Employer without Cause), the document will confirm the Executive's Participant's eligibility for these payments and benefits and summarize the Executive's Participant's entitlements post-termination. Notwithstanding the foregoing, in the case of a termination by the Executive with Good Reason, the Company shall have an opportunity to cure the circumstances giving rise to Good Reason within 30 days after receipt of the Notice of Good Reason. If the Company fails to cure such circumstances, the effective date of termination 12 9. No Mitigation. No Participant shall be required to seek other employment or to attempt in any way to reduce or mitigate any benefits payable under this Plan and the date specified in the Notice amount of Good Reason, notwithstanding any such 30-day cure period. benefits shall not be reduced by any other compensation paid or provided to any Participant following such Participant's termination of service. View More
Found in ESH Hospitality, Inc. contract
Termination Procedure. Any purported termination of the Executive's employment shall be documented in a writing appropriate to the nature of the termination from the party terminating the employment relationship to the other party: (a) In the case of termination by the Company with Cause, the Company shall provide Executive with a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the then members of the Board at a meeting of the Board called and specifically held for the purpose ...(after 30 days prior written notice identifying (i) to Executive and reasonable opportunity for Executive and/or his or her counsel to be heard before the Board prior to such vote), finding that the Executive engaged in reasonable detail a form of conduct set forth in the facts definition of "Cause" in Section 1.7 above, and that such conduct or circumstances giving rise has remained uncured (if curable) through the end of Executive's cure period, in compliance with the time period set forth in Section 1.7 herein; provided that in the event of any dispute as to whether "Cause" existed under this Agreement, the Letter Agreement, or any equity awards or other agreements between the Company and Executive, a court shall review the matter on a de novo basis with no deference afforded to the determination that Cause exists, and (ii) the effective date of the termination of employment; Board or Company's determination; (b) In the case of a termination by the Executive for Good Reason, the Executive shall provide the Company with a written notice (the "Notice of Good 13 Reason") stating (i) in reasonable detail the facts and circumstances giving rise to the determination that Good Reason exists, and (ii) the effective date of the termination of employment absent cure, as provided below, in compliance with the time period set forth in Section 1.16 herein; (c) In the case of all other terminations of employment, a document establishing the effective date of the termination of employment, in each case, subject to any other contractual obligations that may exist between the Company and the Executive. Under circumstances where the Executive will be eligible for payment and benefits under the terms of the Agreement (i.e., a termination by the Company without Cause), the document will confirm the Executive's eligibility for these payments and benefits and summarize the Executive's entitlements post-termination. Notwithstanding the foregoing, in the case of a termination by the Executive with Good Reason, the Company shall have an opportunity to cure the circumstances giving rise to Good Reason within 30 days after receipt of the Notice of Good Reason. If the Company fails to cure such circumstances, the effective date of termination shall be the date specified in the Notice of Good Reason, notwithstanding such 30-day cure period. View More
Found in Hilton Grand Vacations Inc. contract
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