Executive Voluntary Termination. “Executive Voluntary Termination” shall mean termination by Executive of Executive’s employment with NMHC for any reason other than Termination Other Than For Cause, Termination by Reason of Death or Termination by Reason of Incapacity. Executive Voluntary Termination may be effected by Executive at any time by providing NMHC with written or oral notice of such termination. The termination shall be effective as of the date of the notice. In the event of an Executive Voluntary Termination, Executive shall be paid within three (3) business days following the effective date of termination the amount of the Accrued Obligations but shall not be paid any severance compensation. Any other accrued benefits provided under employee benefit programs maintained by NMHC, including qualified and nonqualified programs, shall be payable according to their terms.
Appears in 4 contracts
Samples: Employment Agreement (National Medical Health Card Systems Inc), Employment Agreement (National Medical Health Card Systems Inc), Employment Agreement (National Medical Health Card Systems Inc)
