Common use of Employee Voluntary Clause in Contracts

Employee Voluntary. In the event Xxxxxxx terminates his employment of his own volition prior to the end of the term of this Agreement, except for a termination as described in Section 9.6 and except for termination for Good Reason as specifically provided otherwise in the Severance Agreement, such termination shall constitute a voluntary termination and in such event the Company's only obligation to Xxxxxxx shall be to make Base Salary payments provided for in this Agreement through the date of such voluntary termination. Any rights and benefits Xxxxxxx may have under the employee benefit plans and programs of the Company, in which he is a participant, shall be determined in accordance with the terms and provisions of such plans and programs. Xxxxxxx understands and agrees that in the event of the termination of employment pursuant to this Section 9.5: (a) All awards of restricted stock, stock options and any other benefits under the Long-Term Incentive Plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Xxxxxxx and the Company with respect to such awards; and (b) the Company shall have no further obligation to pay any bonuses to Xxxxxxx under the terms of the MIP or this Agreement.

Employee Voluntary. In the event Xxxxxxx Xxxxxxxxx terminates his employment of his own volition prior to the end of the term Term of this Agreement, except for a termination as described in Section 9.6 and except for termination for Good Reason as specifically provided otherwise defined in the Severance AgreementSection 4.6 below, such termination shall constitute a voluntary termination and in such event the Company's ’s only obligation to Xxxxxxx Xxxxxxxxx shall be to make Base Salary payments provided for in this Agreement through the date of such voluntary termination. Any Xxxxxxxxx understands and agrees that in the event of termination of employment pursuant to this Section 4.5: (a) any rights and benefits Xxxxxxx Xxxxxxxxx may have under the employee benefit plans and programs of the Company, Company or its subsidiaries in which he is a participant, participant shall be determined in accordance with the terms and provisions of such plans and programs. Xxxxxxx understands and agrees that in the event of the termination of employment pursuant to this Section 9.5: ; (ab) All all awards of restricted stock, stock options options, and any other benefits under the Longany long-Term Incentive Plans term incentive plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Xxxxxxx Xxxxxxxxx and the Company with respect to such awards; and (bc) the Company shall have no further obligation to pay any bonuses Annual Bonus, Incentive Target, or Incentive Payment to Xxxxxxx Xxxxxxxxx under the terms of this Agreement and (d) the MIP or obligations of Xxxxxxxxx under Sections 7 and 8 of this AgreementAgreement shall remain of full force and effect.

Employee Voluntary. In the event Xxxxxxx terminates his employment of his own volition prior to the end of the term Term of this Agreement, except for a termination as described in Section 9.6 and except for termination for Good Reason as specifically provided otherwise defined in the Severance AgreementSection 4.6 below, such termination shall constitute a voluntary termination and in such event the Company's ’s only obligation to Xxxxxxx shall be to make Base Salary payments provided for in this Agreement through the date of such voluntary termination. Any Xxxxxxx understands and agrees that in the event of termination of employment pursuant to this Section 4.5: (a) any rights and benefits Xxxxxxx may have under the employee benefit plans and programs of the Company, Company or its subsidiaries in which he is a participant, participant shall be determined in accordance with the terms and provisions of such plans and programs. Xxxxxxx understands and agrees that in the event of the termination of employment pursuant to this Section 9.5: ; (ab) All all awards of restricted stock, stock options options, and any other benefits under the Longany long-Term Incentive Plans term incentive plans shall be handled in accordance with the terms of the relevant plan and agreements entered into between Xxxxxxx and the Company with respect to such awards; and (bc) the Company shall have no further obligation to pay any bonuses Annual Bonus, Incentive Target, or Incentive Payment to Xxxxxxx under the terms of this Agreement and (d) the MIP or obligations of Xxxxxxx under Sections 7 and 8 of this AgreementAgreement shall remain of full force and effect.