Terminated Service means that a Participant has, except as a result of death or disability, ceased to be a director, officer, employee or Consultant of the Corporation, as the case may be; Sample 1Sample 2Sample 3. Based on 10 documents. 10. Terminated Service means the service is no longer live on the network.
Termination from Service means the discontinuance of employment with the Company and its Subsidiaries by reason of resignation, discharge, Retirement, disability, or death. A transfer of employment from the Company or a Subsidiary to another Subsidiary shall not constitute a Termination from Service.
Sample Termination Letter Template Dear Recipient Name, We regret to inform you that we will no longer require your services as of effective date. This decision is due to reason for termination. The termination of services will be effective from effective date.
Termination from Service means the discontinuance of employment with the Company and its Subsidiaries by reason of resignation, discharge, Retirement, disability, or death. A transfer of employment from the Company or a Subsidiary to another Subsidiary shall not constitute a Termination from Service.
Can my resignation be “with immediate effect”? Is it a good idea to do so? If you have less than 1 months' service, and no notice provisions in your contract of employment, then you can resign with immediate effect. You otherwise need to give 1 week's statutory notice (or longer if your contract provides for this).
A party may no longer be able to deliver on the contract - which in turn can give rise to rights to terminate the contract altogether. Termination by performance. Termination by Agreement. Termination for Breach of Contract. Termination by frustration.
Mutual Agreement: Both parties may agree to terminate the contract early. This is often the simplest and least contentious method. Termination Clauses: Many contracts include specific clauses that outline the conditions under which the contract may be terminated before its natural conclusion.
Simply explain that you are terminating the contract because the terms were not met (or for whatever other reason you deem it necessary) and that any concerns can be returned to you in writing or via your preferred contact method.
As a general rule, a contract is binding as soon as you sign it, and you do not have the right to cancel the contract.
Voluntary termination requires an employee to hand in a formal letter of resignation to the employer. The standard notice period is 30 to 60 days. But this term may be shorter or longer depending upon the organization. Forced discharge of employees from an organization also falls under construction dismissal.