Common use of Effect of Termination Upon the Executive’s Voluntary Resignation Clause in Contracts

Effect of Termination Upon the Executive’s Voluntary Resignation. If, during the Severance Period, the Executive terminates the Executive’s employment by Voluntary Resignation, the Surviving Entity may, upon such termination, terminate all of its obligations to pay Base Pay or Incentive Pay following the Termination Date, except for any Incentive Pay the Executive may be entitled to pursuant to any applicable incentive plan and accrued but unpaid Base Pay. The Surviving Entity shall not have any further obligations to the Executive for Base Pay or Incentive Pay.