Common use of Mutual Voluntary Termination Clause in Contracts

Mutual Voluntary Termination. In the event the parties mutually agree in writing to terminate this Agreement, Employee agrees, at the Company's request, to continue providing services for a requested period of time up to, but not more than, 30 days after such voluntary termination (the "Transition Period") to facilitate transition. Employee shall be an independent contractor and not an employee during the Transition Period and shall be available to assist in the transition during such period. During the Transition Period, Employee shall receive compensation equal to 100% of the Salary at the time of the voluntary termination. Payment of such compensation shall be made at least monthly. It is understood and agreed that Employee, during the Transition Period, may be seeking other opportunities and will not be devoting 100 percent of his time to the affairs of the Company. The Company may elect to terminate the independent contractor relationship with Employee prior to the end of the Termination Period once Employee accepts a full time position with another company.

Mutual Voluntary Termination. In the event the parties mutually agree in writing to terminate this Agreement, Employee agrees, at the Company's request, to continue providing services for a requested period of time up to, but not more than, 30 days six months after such voluntary termination (the "Transition Period") to facilitate transition. Employee shall be an independent contractor and not an employee during the Transition Period and shall be available to assist in the transition during such period. During the Transition Period, Employee shall receive compensation equal to 100% 110 percent of the Salary at the time of the voluntary termination. Payment of such compensation shall be made at least monthly. It is understood and agreed that Employee, during the Transition Period, may be seeking other opportunities and will not be devoting 100 percent of his time to the affairs of the Company. The Company may elect to terminate the independent contractor relationship with Employee prior to the end of the Termination Period once Employee accepts a full time position with another company.

Mutual Voluntary Termination. In the event the parties mutually agree in writing to terminate this Agreement, Employee agrees, at the Company's request, to continue providing services for a requested period of time up to, but not more than, 30 thirty (30) days after such voluntary termination (the "Transition Period") to facilitate transition. Employee shall be an independent contractor and not an employee during the Transition Period and shall be available to assist in the transition during such period. During the Transition Period, Employee shall receive compensation equal to 100% 100 percent of the Salary at the time of the voluntary termination. Payment of such compensation shall be made at least monthly. It is understood and agreed that Employee, during the Transition Period, may be seeking other opportunities and will not be devoting 100 percent of his time to the affairs of the Company. The Company may elect to terminate the independent contractor relationship with Employee prior to the end of the Termination Period once Employee accepts a full time position with another company.