Executive's Voluntary Termination. Executive may terminate his ---------------------------------- employment with UGS at any time for any reason whatsoever by giving 60 days' written notice to UGS. Upon Executive giving the requisite notice of his intent to terminate his employment, the Company, at its sole discretion, shall have the option of immediately accepting Executive's resignation. Upon accepting Executive's resignation, the Company shall have no further obligation to provide Executive with any benefits and/or payments, except those required by law.
Appears in 1 contract
Samples: Personal Services Agreement (Unigraphics Solutions Inc)
Executive's Voluntary Termination. Executive may terminate his ---------------------------------- employment with UGS at any time for any reason whatsoever by giving 60 days' written notice to UGS. Upon Executive giving the requisite notice of his intent to terminate his employment, the Company, at its sole discretion, shall have the option of immediately accepting Executive's resignation. Upon accepting Executive's resignation, the Company shall have no further obligation to provide Executive with any benefits and/or payments, except those required by law.
Appears in 1 contract
Samples: Personal Services Agreement (UGS PLM Solutions Asia/Pacific INC)
Executive's Voluntary Termination. Executive may terminate --------------------------------- his ---------------------------------- employment with UGS at any time for any reason whatsoever by giving 60 days' written notice to UGS. Upon Executive giving the requisite notice of his intent to terminate his employment, the Company, at its sole discretion, shall have the option of immediately accepting Executive's resignation. Upon accepting Executive's resignation, the Company shall have no further obligation to provide Executive with any benefits and/or payments, except those required by law.
Appears in 1 contract
Samples: Personal Services Agreement (Unigraphics Solutions Inc)
Executive's Voluntary Termination. Executive may --------------------------------- terminate his ---------------------------------- employment with UGS at any time for any reason whatsoever by giving 60 days' written notice to UGS. Upon Executive giving the requisite notice of his intent to terminate his employment, the Company, at its sole discretion, shall have the option of immediately accepting Executive's resignation. Upon accepting Executive's resignation, the Company shall have no further obligation to provide Executive with any benefits and/or payments, except those required by law.
Appears in 1 contract
Samples: Personal Services Agreement (Unigraphics Solutions Inc)