Sentences with phrase «immediate termination if»

Not exact matches

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

«To address issues with this provider at the remaining three sites, we have required Bedco to comply with aggressive corrective action plans that include immediate termination options if they fail to meet the terms of the plans,» Isaac McGinn, a spokesperson for the HRA, told Politico.

If we do terminate as a result of a breach of any obligation under these terms and conditions such termination will be immediate and without notice.

You understand that false information may be grounds for not hiring you or for immediate termination of employment at any point in the future if you are hired.

Even if a large - scale SAI project were aborted suddenly, the termination shock wouldn't be immediate.

As for group risk; if each subsequent actor resulted in the immediate termination of prior actors, then you would likely never have more than one or two in jeopardy.

He also said there was a «strong case» to suggest that, even if fundamental breaches had occurred, they were capable of remedy and therefore should have been the subject of a notice to remedy rather than an immediate termination.

Accordingly, when the tenant failed to pay rent, the landlord provided notice of immediate termination of the side letter, leaving the rent to be determined under the lease (at open market rent) as if the side letter had never existed.

However, if someone shows up to work under the influence of drugs or alcohol, and endangers the lives of others, the employer may have just cause for immediate termination.