Common use of Effect of Termination by Employee Clause in Contracts

Effect of Termination by Employee. If the Employee terminates this Agreement prior to its expiration, all compensation and other obligations owed by Employer to the Employee under this Agreement will be terminated on the effective date of the Employee’s termination, except such sums as are earned by and are still owing to the Employee prior to the effective date of the Employee’s termination. The provisions of this Article 6.2 shall be without prejudice to any right Employer may have under applicable law. In no case shall Employer be liable to the Employee for the loss of any collateral business opportunities or any other benefits, perquisites or income resulting from activities, contracts, consulting relationships or from any other sources that may ensue as a result of the Employee’s termination of this Agreement.

Appears in 7 contracts

Samples: Employment Agreement, Employment Agreement, Employment Agreement

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Effect of Termination by Employee. If the Employee terminates this Agreement prior to its expiration, all compensation and other obligations owed by the Employer to the Employee under this Agreement will be terminated on the effective date of the Employee’s termination, except such sums as are earned by and are still owing to the Employee prior to the effective date of the Employee’s termination. The provisions of this Article 6.2 shall be without prejudice to any right the Employer may have under applicable law. In no case shall the Employer be liable to the Employee for the loss of any collateral business opportunities or any other benefits, perquisites or income resulting from activities, contracts, consulting relationships or from any other sources that may ensue as a result of the Employee’s termination of this Agreement.

Appears in 5 contracts

Samples: President Employment Agreement, President Employment Agreement, President Employment Agreement

Effect of Termination by Employee. If the Employee terminates this Agreement prior to its expiration, all compensation and other obligations owed by Employer to the Employee under this Agreement will be terminated on the effective date of the Employee’s termination, except such sums as are earned by and are still owing to the Employee prior to the effective date of the Employee’s termination. The provisions of this Article Section 6.2 shall be without prejudice to any right Employer may have under applicable law. In no case shall Employer be liable to the Employee for the loss of any collateral business opportunities or any other benefits, perquisites or income resulting from activities, contracts, consulting relationships or from any other sources sources, that may ensue as a result of the Employee’s termination of this Agreement.

Appears in 1 contract

Samples: Chancellor Employment Agreement

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Effect of Termination by Employee. If the Employee terminates this Agreement prior to its expiration, all compensation and other obligations owed by Employer to the Employee under this Agreement will be terminated on the effective date of the Employee’s termination, except such sums as are earned by and are still owing to the Employee prior to the effective date of the Employee’s termination. The provisions of this Article 6.2 shall be without prejudice to any right Employer may have under applicable law. In no case shall Employer be liable to the Employee for the loss of any collateral business opportunities or any other benefits, perquisites or income resulting from activities, contracts, consulting relationships or from any other sources whatever, that may ensue as a result of the Employee’s termination of this Agreement.

Appears in 1 contract

Samples: Employment Agreement

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