Sentences with phrase «event of termination»

entered into Change of Control and Retention Agreements with each of the Named Executive Officers that provide them with certain payments and benefits in the event of the termination of their employment within the three - month period prior to, or the 18 month period following, a change of control of the Company (referred to as the «change of control period»).

The termination provisions serve a variety of purposes including: providing the benefits of equity incentive plans to the executive and his or her family in case of death or disability; defining when the executive may be terminated with cause and receive no further compensation; and clearly defining rights in the event of a termination in other circumstances.

In the event of termination, you are no longer authorized to access the message boards, and the restrictions imposed on you with respect to material downloaded from the message boards, the disclaimers and limitations of limitations of liabilities set forth in this Agreement, shall survive.

Other than in the event of termination, we shall only make a payment when the amount due to you in aggregate exceeds # 50.00.

In the event of termination, you must remove the original and any copies of the ebook from all your devices.

In the event of termination, you are no longer authorized to access the Slow Travel Classifieds, including the Interactive Areas, and the restrictions imposed on you with respect to Content downloaded from the Slow Travel Classifieds, as well as the disclaimers and limitations of liabilities set forth in this agreement, shall survive.

One of the prime entitlements owed to employees is the right to reasonable notice in the event of termination of the employment contract.

From an employer's perspective, a properly worded termination provision addressing what is to be paid to the employee in the event of a termination without cause can result in a very significant saving.

In the event of the termination of your employment, any payments owing to you shall be based on your Base Salary, as defined in the Agreement [emphasis added].

By agreeing to an employee's entitlements in the event of termination without cause at the beginning of the employment relationship, there will be little to fight about in the event that the relationship does end in a termination without cause.

The company's charter and bylaws, board committee charters, and employee handbooks may also contain provisions with regard to procedures to be followed in the event of termination, such as who has the authority to negotiate terms, how to effect notification, and the amount of say the CEO has in the process.

For instance, it is implied in every contract of employment that an employer will provide the employee with reasonable notice in the event of a termination.

It is recommended that prior to hiring any new superintendent the Board have him / her sign a letter of offer and Employment Agreement containing clauses drafted to limit the corporation's liability in the event of a termination of employment.

That means including an employment «pre-nuptial agreement» or «pre-nup» — a contractual limitation on an employee's post-employment entitlements in the event of termination without cause — in your employment agreements.

For example, it is an implied term of every employer - employee relationship that the employer will provide the employee with reasonable notice in the event of a termination, that the employer has the option to terminate the employee's position if there is just cause, and the employee will perform their duties with reasonable skill and diligence.

In consideration of what is under this provision, the employee expressly waives any claim against the Employer, in the event of termination of employment, all other amounts whatsoever for damages, compensation in lieu of notice or in any other capacity whatsoever by reason of termination of employment, except for wages, vacation pay and other benefits earned and unpaid at the time of termination.

[The employee] agrees that in the event of termination or resignation that she will not solicit or accept business from any corporate accounts or customers that are serviced by [the employer], directly, or indirectly

It is common practice for employers to attempt to use employment contracts, and termination clauses within such contracts, in order to limit an employee's entitlements in the event of termination.

First, a termination clause limited the compensation Mr. Krishnamoorthy would receive in the event of termination without cause to the greater of (1) notice or pay in lieu of notice and severance pay under the Employment Standards Act, 2000, S.O. 2000, c. 41 (the «ESA»), or (2) four weeks» pay per year of service with Olympus Canada or Carsen, up to a maximum of 10 months, if Mr. Krishnamoorthy signed a release.

Furthermore, your employment contract may purport to limit your notice period in the event of termination.

A contractual provision on termination can be good for both parties entering into an employment contract because it provides certainty in the event of termination, and avoids costly litigation and recourse to lawyers and courts.

Many couples, particularly in second marriages, wish to enter into an agreement making provision in the event of the termination of their marriage, either by death or divorce.