Common use of Effect of Certain Terminations Clause in Contracts

Effect of Certain Terminations. Upon termination of the Executive's employment for reasons other than due to death, disability, or pursuant to Paragraph A of this Section, or upon Executive's resignation, the Period of Employment and the Company's obligation to make payments under this Agreement will cease as of the date of termination except as expressly defined in this Agreement. Executive shall have the right to voluntarily terminate this Agreement, other than for Good Reason or in conjunction with a Change in Control, upon two weeks' prior notice to the Company. If Executive voluntarily terminates his employment with the Company, (i) Executive shall be entitled to receive his Base Salary prorated through the date of Executive's voluntary termination, and (ii) Executive shall be entitled to his accrued benefits under the terms of the plans, policies and procedures of the Company.

Appears in 2 contracts

Samples: Executive Employment Agreement (Alternative Resources Corp), Executive Employment Agreement (Alternative Resources Corp)

AutoNDA by SimpleDocs

Effect of Certain Terminations. Upon termination of the Executive's employment for reasons other than due to death, disability, disability or pursuant to Paragraph A of this Section, or upon Executive's resignation, the Period of Employment and the Company's obligation to make payments under this Agreement will cease as of the date of termination except as expressly defined in this Agreement. Executive shall have the right to voluntarily terminate this Agreement, other than for Good Reason or in conjunction with a Change in Control, upon two weeks' prior notice to the Company. If Executive voluntarily terminates his employment with the Company, (i) Executive shall be entitled to receive his Base Salary prorated through the date of Executive's voluntary termination, and (ii) Executive shall be entitled to his accrued benefits under the terms of the plans, policies and procedures of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Alternative Resources Corp), Employment Agreement (Alternative Resources Corp)

Effect of Certain Terminations. Upon termination of the Executive's employment for reasons other than due to death, disability, or pursuant to Paragraph A of this Section, or upon Executive's resignation, the Period of Employment and the Company's obligation to make payments under this Agreement will cease as of the date of termination except as expressly defined in this Agreement. Executive shall have the right to voluntarily terminate this Agreement, other than for Good Reason or in conjunction with a Change in Control, upon two weeks' weeks prior notice to the Company. If the Executive voluntarily terminates his employment with the Company, (i) Executive shall be entitled to receive his Base Salary prorated through the date of Executive's voluntary termination, and (ii) Executive shall be entitled to his accrued benefits under the terms of the plans, policies and procedures of the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Alternative Resources Corp)

Effect of Certain Terminations. Upon termination of the Executive's ’s employment for reasons other than due to death, disability, disability or pursuant to Paragraph A of this Section, or upon Executive's ’s resignation, the Period of Employment and the Company's ’s obligation to make payments under this Agreement will cease as of the date of termination except as expressly defined in this Agreement. Executive shall have the right to voluntarily terminate this Agreement, other than for Good Reason or in conjunction with a Change in Control, upon two weeks' week’s prior notice to the Company. If Executive voluntarily terminates his his/her employment with the Company, (i) Executive shall be entitled to receive his her Base Salary prorated through the date of Executive's ’s voluntary termination, and (ii) Executive shall be entitled to his his/her accrued benefits under the terms of the plans, policies and procedures of the Company.

Appears in 1 contract

Samples: Employment Agreement (Alternative Resources Corp)

Effect of Certain Terminations. Upon termination of the Executive's employment for reasons other than due to death, disability, disability or pursuant to Paragraph A of this Section, or upon Executive's resignation, the Period of Employment and the Company's obligation to make payments under this Agreement will cease as of the date of termination except as expressly defined in this Agreement. Executive shall have the right to voluntarily terminate this Agreement, other than for Good Reason or in conjunction with a Change in Control, upon two weeks' prior notice to the Company. If Executive voluntarily terminates his her employment with the Company, (i) Executive shall be entitled to receive his her Base Salary prorated through the date of Executive's voluntary termination, and (ii) Executive shall be entitled to his her accrued benefits under the terms of the plans, policies and procedures of the Company.

Appears in 1 contract

Samples: Employment Agreement (Alternative Resources Corp)

AutoNDA by SimpleDocs

Effect of Certain Terminations. Upon termination of the Executive's employment for reasons other than due to death, disability, disability or pursuant to Paragraph A of this Section, or upon Executive's resignation, the Period of Employment and the Company's obligation to make payments under this Agreement will cease as of the date of termination except as expressly defined in this Agreement. Executive shall have the right to voluntarily terminate this Agreement, other than for Good Reason or in conjunction with a Change in Control, upon two weeks' prior notice to the Company. If Executive voluntarily terminates his her employment with the Company, (i) Executive shall be entitled to receive his her Base Salary prorated through the date of Executive's voluntary termination, and (ii) Executive shall be entitled to his her accrued benefits under the terms of the plans, policies and procedures of the Company.

Appears in 1 contract

Samples: Employment Agreement (Alternative Resources Corp)

Effect of Certain Terminations. Upon termination of the Executive's employment for reasons other than due to death, disability, or pursuant to Paragraph A of this Section, or upon Executive's resignation, the Period of Employment and the Company's obligation to make payments under this Agreement will cease as of the date of termination except as expressly defined in this the Agreement. Executive shall have the right to voluntarily terminate this Agreement, other than for Good Reason or in conjunction with a Change in Control, upon two weeks' prior notice to the Company. If Executive voluntarily terminates his employment with the Company, (i) Executive shall be entitled to receive his Base Salary prorated through the date of Executive's voluntary termination, and (ii) Executive shall be entitled to his accrued benefits under the terms of the plans, policies and procedures of the Company.

Appears in 1 contract

Samples: Employment Agreement (Alternative Resources Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!