Common use of Executive’s Resignation Clause in Contracts

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.

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.. (e)

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.