By Employee. (i) Employee may, in his sole discretion, without cause, terminate the Term at any time upon 60 days' written notice to Employer. If Employee exercises such termination right, Employer may, at its option, at any time after receiving such notice from Employee, relieve Employee of all duties and terminate the Term at any time prior to the expiration of said notice period. If the Term is terminated by Employee or Employer pursuant to this Section 7(c)(i), Employee shall not be entitled to any further Base Salary or the accrual or provision of any compensation or benefits after the Termination Date, except standard medical and hospitalization benefits in accordance with Employer's policy.
Appears in 3 contracts
Samples: Employment Agreement (Vse Corp), Employment Agreement (Vse Corp), Employment Agreement (Vse Corp)
By Employee. (i) Employee may, in his Employee's sole discretion, without cause, terminate the Term at any time upon 60 days' written notice to Employer. If Employee exercises such termination right, Employer may, at its option, at any time after receiving such notice from Employee, relieve Employee of all duties and terminate the Term at any time prior to the expiration of said notice period. If the Term is terminated by Employee or Employer pursuant to this Section 7(c)(i), Employee shall not be entitled to any further Base Salary or the accrual or provision of any compensation or benefits after the Termination Date, except standard medical and hospitalization benefits in accordance with Employer's to the extent permitted by "COBRA" or other Company policy.
Appears in 3 contracts
Samples: Employment Agreement (Vse Corp), Employment Agreement (Vse Corp), Employment Agreement (Vse Corp)
By Employee. (i) Employee may, in his sole discretion, without causeCause, terminate the Term at any time upon 60 days' written notice to Employerthe Chairman. If Employee exercises such termination right, Employer may, at its option, at any time after receiving such notice from Employee, relieve Employee of all duties and terminate the Term at any time prior to the expiration of said notice period, and such termination shall not constitute a termination without Cause pursuant to this Agreement, including Section 7(a)(ii). If the Term is terminated by Employee or Employer pursuant to this Section 7(c)(i), Employee shall not be entitled to any further Base Salary or the accrual or provision of any compensation or benefits after the Termination Date, except standard medical and hospitalization benefits in accordance with Employer's policy.
Appears in 2 contracts
Samples: Employment Agreement (Vse Corp), Employment Agreement (Vse Corp)
By Employee. (i) Employee may, in his sole discretion, without cause, terminate the Term at any time upon 60 90 days' written notice to Employer. If Employee exercises such termination right, Employer may, at its option, at any time after receiving such notice from Employee, relieve Employee him of all his duties and terminate the Term at any time prior to the expiration of said notice period. If the Term is terminated by Employee or Employer pursuant to this Section 7(c)(i7(c)( i ), Employee shall not be entitled to any further Base Salary or the accrual or provision of any compensation or benefits after the Termination Date, except standard including, without limitation, any of the medical and hospitalization benefits described in accordance with Employer's policySection 7(a)(ii)(1).
Appears in 2 contracts
Samples: Employment Agreement (Vse Corp), Employment Agreement (Vse Corp)
By Employee. (i) Employee may, in his sole discretion, without cause, terminate the Term at any time upon 60 days' written notice to Employer. If Employee exercises such termination right, Employer may, at its option, at any time after receiving such notice from Employee, relieve Employee of all duties and terminate the Term at any time prior to the expiration of said notice period, it being understood that such termination would not be considered a termination without Cause pursuant to Section 7(a)(ii) above. If the Term is terminated by Employee or Employer pursuant to this Section 7(c)(i), Employee shall not be entitled to any further Base Salary or the accrual or provision of any compensation or benefits after the Termination Date, except standard medical and hospitalization benefits in accordance with Employer's policy.
Appears in 2 contracts
Samples: Employment Agreement (Vse Corp), Employment Agreement (Vse Corp)
By Employee. (i) Employee may, in his sole discretion, without causeCause, terminate the Term at any time upon 60 days' written notice to Employerthe Chairman. If Employee exercises such termination right, Employer may, at its option, at any time after receiving such notice from Employee, relieve Employee of all duties and terminate the Term at any time prior to the expiration of said notice period, and such termination shall not constitute a termination without Cause pursuant to this Agreement, including Section 7(a)(ii). If the Term is terminated by Employee or Employer pursuant to this Section 7(c)(i), Employee shall not be entitled to any further Base Salary or the accrual or provision of any compensation or benefits hereunder after the Termination Date, except standard medical and hospitalization benefits in accordance with Employer's policy.
Appears in 1 contract
Samples: Employment Agreement (Vse Corp)
By Employee. (i) Employee may, in his Employee's sole discretion, without cause, terminate the Term at any time upon 60 days' days written notice to Employer. If Employee exercises such termination right, Employer may, at its option, at any time after receiving such notice from Employee, relieve Employee of all duties and terminate the Term at any time prior to the expiration of said notice period. If the Term is terminated by Employee or Employer pursuant to this Section 7(c)(i), Employee shall not be entitled to any further Base Salary or the accrual or provision of any compensation or benefits after the Termination Date, except standard medical and hospitalization benefits in accordance with Employer's to the extent permitted by COBRA or other Company policy.
Appears in 1 contract
Samples: Employment Agreement (Vse Corp)