Executive’s Resignation. In the event Executive voluntarily ----------------------- resigns, and Executives has not notified the Company of his intent to exercise his Constructive Termination rights under this Agreement, Executive shall give the Board of Directors thirty (30) days written notice of resignation. Upon such notice, the Board of Directors, at its discretion, may terminate the relationship immediately, but in such event the Board of Directors obligation to Executive shall be limited to compensation through the remainder of the thirty (30) days resignation notice period.
Appears in 2 contracts
Samples: Executive Officer Severance Agreement (Oak Technology Inc), Executive Officer Severance Agreement (Oak Technology Inc)
Executive’s Resignation. In the event Executive voluntarily ----------------------- resigns, and Executives has not notified the Company of his intent to exercise his Constructive Termination rights under this Agreement, Executive shall give the Board of Directors thirty (30) days written notice of resignation. Upon such notice, the Board of Directors, at its discretion, may terminate the relationship immediately, but in such event the Board of Directors obligation to Executive shall be limited to compensation through the remainder of the thirty (30) days resignation notice period.
Appears in 2 contracts
Samples: Executive Officer Severance Agreement (Insilicon Corp), Severance Agreement (Insilicon Corp)
