The Notice Period clause specifies the amount of time that must be given by one party to the other before terminating or making significant changes to an agreement. It ensures all parties have adequate time to prepare for any transitions or adjustments resulting from the termination or modification of the contract.
Notice Period If you are on the AssetMark active payroll, you will be provided a Notice Period of at least two (2) weeks. The length of your Notice Period may vary, but in all cases this is a specific period of time on active payroll after you are notified in writing that you are affected by a layoff. Contact your manager or human resources representative for details of the Notice Period that will apply to you. Your Notice Period may end if you become disabled, or if you leave your position before the end of the Notice Period. You may be expected to work during the Notice Period; if so, you will be provided reasonable time off with pay during the Notice Period to look for a new job. If you have unused, accrued Paid Time Off, you may use it during your Notice Period, with management approval. Unused, accrued Paid Time Off as of the end of your Notice Period will be paid as a lump sum at that time. Your Notice Period may not be extended by taking your unused Paid Time Off.
Notice Period. Following an Eligible Employee’s Notice of Eligibility, the Participant will enter a Notice Period for a period of sixty (60) calendar days. Except as provided in Section 5.2, during the Notice Period Participants shall not be required to report to work but shall remain subject to the Company’s policies and procedures. If WARN is applicable to a Participant, the Notice Period and all compensation (including but not limited to salary/wages, benefits and benefit plan participation) attributable to the Notice Period shall constitute WARN notice and the payment of WARN benefits, respectively, and will be applied against any notice period or other payments that would otherwise be due to satisfy the Company’s obligations under WARN.
Participants Requested to Work During Notice Period. If a Participant is requested to work during the Notice Period, then the Participant will be entitled to Severance Benefits only if the Participant continues to perform his or her assigned duties and responsibilities to the satisfaction of the Company through the date established by the Company in its discretion.
Prior to the Transition Date and during any Termination Notice Period, except as otherwise determined by the Company in its sole discretion and notified to you by the Company in writing, (x) you shall use your best efforts to recruit and train a successor that is satisfactory to the Board so that a successor to the COO position assumes such position upon or prior to the date of termination of your employment with FUSA, and (y) you will continue to devote substantially all of your business time and efforts (at full-time status) to the performance of your duties and use your best efforts in such endeavors, and continue to perform such other duties and responsibilities as described in this letter (such services with respect to the Termination Notice Period, the “Notice Period Services”)
Notice Period Payments. During (i) the Notice Period, Executive will continue to receive (x) the Base Salary at the rate in effect immediately prior to the Notice Period; and (y) an amount equal to (A) the Pro-Rata Bonus (as defined below) for the period(s) Executive performs Continued Services to the Company during the Notice Period (if any) (the “Accrued Pro-Rata Bonus Amount”) and (B) the target annual bonus under the AIP (as determined for the year in which the Termination Notice is given), prorated for the period commencing on, (1) if the Executive does not perform Continued Services to the Company during the Notice Period, the date immediately following the date of the Termination Notice and (2) if the Executive performs Continued Services to the Company during part of the Notice Period, the date on which the Garden Leave Period commences, and in the case of clauses (1) and (2) ending on the last day of the Notice Period (the amounts in clause (i)(y)(B), the “Target Bonus”); and (ii) the Garden Leave Period, Executive will receive, in addition to the amounts in clause (i), reimbursement for the cost of Executive’s and Executive’s spouse’s and eligible 2 dependents’ continued coverage under the Company’s group health plans pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) (to the extent permitted under applicable law and the terms of such plan) (the amounts in clause (ii), the “Healthcare Reimbursements,” and, together with the amounts in clause (i) above, collectively, the “Notice Period Payments”); provided, however, that Executive must execute a release in substantially the form attached hereto as Annex 1 (the “Release”) prior to the sixtieth (60th) calendar day following the commencement of the Garden Leave Period and any applicable revocation period therein expires during such sixty (60) day period (such sixty (60) day period, the “Release Period”) before any payments of Base Salary during the Garden Leave Period, the Pro-Rata Bonus, the Target Bonus, and the Healthcare Reimbursements will become payable to Executive. The Notice Period Payments will be paid in equal semi-monthly installments, as applicable, during the Notice Period commencing on the first payroll period after the Notice Period begins; provided, however, that the Pro-Rata Bonus, will be paid in a lump sum at the same time bonuses under the AIP are paid to the Company’s executives generally (except as otherwise provided herein); and further provided that no Notice Period Payment (other than payments for Executive’s Base Salary during the portion of the Notice Period while the Executive provides Continued Services) will be made prior to expiration of any applicable revocation period in the Release, and any Notice Period Payment that is not made upon commencement of the Notice Period because the revocation period under the Release has not expired shall be paid to Executive in a single lump sum on the first payroll date after the expiration of the revocation period under the Release.
Notice Period CovenantIn consideration of the benefits and promises described herein, you agree to provide advance notice to Carlyle of your intent to resign or retire from your employment with Carlyle of at least six (6) months. During the Notice Period, you will remain on Carlyle’s payroll and will continue to owe a duty of loyalty and exclusivity to Carlyle. During the Notice Period, you will continue to be paid your base salary at the rate in effect at time you provide advance notice to Carlyle in accordance with Carlyle’s payroll policies and you will be eligible to participate in Carlyle’s benefit plans to the extent permitted by such plans and applicable law. You will not otherwise be eligible to receive any other compensation during the Notice Period. During the Notice Period, Carlyle reserves the right, in its sole discretion, to require that you continue to perform your job responsibilities, that you perform only such tasks as determined by Carlyle to aid and assist in the transition of responsibilities associated with your departure, that you not perform any services at all, and/or that you not report to the office, and Carlyle’s exercise of its discretion in respect of any or all of the foregoing will not constitute a constructive discharge of you by Carlyle. Carlyle may elect, in its sole discretion, to shorten or waive the Notice Period, in whole or in part, at any time, in which case Carlyle’s obligation to pay your base salary shall be limited only to the duration of such shortened Notice Period, if any. To the extent Carlyle shortens or waives the Notice Period for any reason other than due to conduct by you constituting cause (as determined by Carlyle in its reasonable discretion), Carlyle also shall reduce the Non-Competition Period by the same amount of time.
Notice Period/Transition/Termination of Employment. Employee’s active duties with the Company ended on April 24, 2022 (“Termination Date”). Employee shall be paid his full salary through May 31, 2022. No later than the next pay period after the Effective Date of this Agreement as provided for in Paragraph 17(b) below, the Company shall reinstate Employee to payroll with Y-mAbs Therapeutics A/S (“Y-mAbs Denmark”), retroactive to May 31, 2022, and Y-mAbs Denmark shall provide him with monthly payments of his salary for the 12-month notice period (“Notice Period”) on the last business day of each month, less applicable withholdings and deductions, as specified in Paragraph 10.1 of the Service Agreement for termination without cause. During the Notice Period, Employee will not be entitled to any employee benefits other than those provided in Paragraph 6 of the Service Agreement, as provided for in Paragraph 21 below, and continuation of health insurance benefits as currently provided. During the Notice Period, Employee will be an employee of Y-mAbs Denmark but placed on paid leave during which he will not be expected to perform any duties for Y-mAbs Denmark or the Company, provided, however, that he will remain available to answer questions and to assist with the transition of any matters in which Employee was working, as well as any to perform other services reasonably requested by the Company.
Notice Period. At any time after the Executive or the Company has given notice to the other party to terminate the Executive’s employment in accordance with the terms of Section 7(a), provided that the Company continues to pay the Executive’s salary and to provide all benefits (or pay a sum in lieu of the value of one or more such benefits) to which the Executive is contractually entitled until the termination of the Executive’s employment, the Company shall be entitled in its discretion, during the Notice Period: (A) to require the Executive not to enter or attend his place of work or any other premises of the Company or any affiliates thereof; (B) to require the Executive not to carry out his duties or responsibilities under this Agreement; (C) to require the Executive to return to the Company all property belonging to the Company or any affiliates thereof or to its/their clients or customers (including summaries, extracts or copies); (D) to require the Executive to undertake work from his home and/or to carry out exceptional duties or special projects outside the normal scope of his duties and responsibilities for the Company or any affiliates thereof; (E) to appoint one or more persons to undertake the Executive’s duties and/or responsibilities and/or assume his position; (F) to instruct the Executive not to communicate with clients, customers, suppliers, investors, employees, directors, consultants, agents or representatives of the Company or any affiliates thereof; (G) to require the Executive to keep the Company informed of his whereabouts so that the Executive can be contacted should the need arise for the Executive to perform any duties or responsibilities under this Agreement or exceptional duties or special projects outside of the normal scope of his duties; and/or (H) to remove Executive as a Section 16 officer or member of executive management for purposes of Swiss law.
Notice Period Termination without Cause – 12 months Termination with Cause – Zero Termination for Death – 6 Months Termination for Disability – 30 days Resignation without Good Reason (for whatever reason) – 30 days Resignation for Good Reason – 12 months
Prolonged Notice Period- 2.1. Subject to the fulfillment of this Agreement by the Employee and subject to the Employee’s decelerations and obligations under this Agreement, the Company Ex Gratia will grant the Employee a prolonged notice period, commencing on the date of execution of this Agreement (the “Commencement Date”) and ending on June 30, 2022 (the: “Prolonged Notice Period”).
MG’s Status During the Notice Period. (a) During the Notice Period (as defined and specified in the Employment Agreement) which is scheduled to terminate on August 19, 2023 (hereinafter the “Notice Period”), MGMG shall make himself available to the Company on an as needed basis as requested by the Company’s Chairman Oded Bashan. Within three days of the Effective Date, MG shall transfer in an orderly fashion to the Chairman of the Companies, Oded Bashan, all Companies’ matters on which he has been working on. During the Notice Period, MG shall report solely to the Chairman Oded Bashan. (b) During the Notice Period, IR-Med Ltd. shall remit to MG his monthly Salary (as defined in Exhibit A to the Employment Agreement), less deductions and withholdings under Israeli or other applicable law customarily made by IR-Med Ltd. and/or required by law, and, all other Benefits specified in Exhibit A under the Employment Agreement. By his signature below, MG hereby waives any claim to any other payments (other than Salary and the Benefits ) due under the Employment Agreement.
Notice Period The Notice Period shall be 24 months
Continued Employment During the Notice Period. During the Notice Period, you will remain an employee of the Company, and you may be required to continue the duties of your employment or assist the Company in transferring your responsibilities to an employee or other person designated by the Company. You shall remain available to meet with Company representatives. Further, you agree that during the Notice Period, the Company may, in its sole discretion, (a) limit you from your active duties and responsibilities, in whole or in part; (b) limit your access to the Company’s facilities; (c) limit your communications with the Company’s other employees, vendors, customers, or competitors; and (d) limit your access to the Company’s information systems and documents.
Notice Period. In exchange for Employee’s compensation, benefits, employment and other consideration outlined in paragraph 2 of this Agreement and notwithstanding anything contained herein or under any plan, program, arrangement or policy of, or agreement with, the Company to the contrary including, but not limited to, the at-will nature of Employee’s employment, Employee hereby agrees to provide the Company with 90 days advance written notice of Employee’s intent to end Employee’s employment with the Company (the “Notice Period”). The Notice Period will commence on the date that Employee delivers written notice of intent to end Employee’s employment and end 90 days thereafter (on the “Resignation Date”), unless waived or terminated earlier by the Company as described in paragraph 6 of this Agreement. Employee will remain an employee of the Company throughout the Notice Period and will continue to receive Employee’s base salary and be eligible for the employee benefits in effect during the Notice Period. In the event of Employee’s voluntary resignation, Employee will not be eligible for any annual discretionary short-term or long-term incentives not yet awarded for any period, whether before, on or after the Resignation Date. Any annual discretionary short-term or long-term incentives awarded prior to the Resignation Date will continue to be governed by the terms of the applicable award agreements, plans and policies.
Notice Period. In the event the Company provides you with written notice of termination as set forth above, except in the event of a Termination for Cause, the Company may decide, in its sole discretion, to: (a) elect to make payment to you in lieu of notice instead of requiring or permitting you to work for part, or all, of the notice period, in which case your employment ends at the time elected; or Sezzle Inc. | sezzle.com | (651) 504-5294 | 251 1st Ave N, Ste 200, Minneapolis, MN 55401 (b) remove any or all of your job duties and authority during the Notice Period, with the understanding that you shall nevertheless receive your regular compensation through the conclusion of the Notice Period (“Notice Period Compensation”).
A Notice Period refers to the length of time an employee must continue to work for their employer after they have announced their intention to leave their job. It can also apply to the amount of warning an employer must provide an employee before terminating their employment. The notice period acts as a transitional window for both the employer to find a replacement or reallocate tasks and for the employee to make necessary arrangements for their next career step.
You should adhere to a Notice Period in several situations:
When composing a notice period letter, include the following elements:
Example:
Dear [Employer’s Name],
I am writing to formally notify you of my resignation from [Company Name], effective [Last Working Day]. This provides you with a [Duration of Notice Period] notice period as per our contract agreement.
Thank you for the opportunities and support during my time with the company.
Sincerely,
[Your Name]
Notice Periods are commonly found in the following types of contracts:
Try our AI contract analysis and extract important clauses and information from existing contracts.
< <
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
A notice provision in a contract specifies the requirements and procedures for delivering formal communications between the parties involved. It ensures that all parties are informed in a timely and consistent manner, often detailing acceptable methods of delivery, addresses, and timeframes for these communications.
The "Notices" clause in a contract stipulates the procedures and requirements for delivering formal communications between parties, including acceptable methods, designated addresses, and timelines for receipt. This clause ensures that both parties are informed in a clear and timely manner about any relevant updates, changes, or obligations under the contract.
An OFAC certification clause is a provision in a contract that requires parties to confirm they are not on the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) list of sanctioned individuals or entities. This clause ensures compliance with U.S. sanctions laws by preventing transactions with blacklisted parties.
Fill out the form and we will get in touch with you to give you a personal, customized demo of fynk.
Greetings!
I'm Markus, co-founder of fynk. After you've submitted the form, I'll swiftly get in touch with you.
Also, right after you submit your details, you can pick a time that works best for you for our meeting.
