Common use of NO CONSTRUCTIVE TERMINATION Clause in Contracts

NO CONSTRUCTIVE TERMINATION. Except in the case of a termination of the Employee's Employment which results from the Employee's death, no termination of the Employee's Employment will be effective for any purpose hereunder unless the Terminating Party delivers a Notice of Termination to the Nonterminating Party. An offer by the Employee to resign from an office or the Board or otherwise to step aside will not, whether in writing or oral, constitute a Notice of Termination by the Employee.