Other Resignation. If Employee terminates his employment during the Employment Period other than with Good Reason, Employer will pay to Employee his salary for the month in which the termination occurs.
Other Resignation. If, during the Employment Period, the Executive resigns from the Company, except where the Executive has engaged in conduct that constitutes Cause, for any reason other than Good Reason (as defined in Section 7D above), then, subject to Sections 7F and 7G below, the Company shall pay to the Executive: (i) the Accrued Obligations; and (ii) continuation of 75% of the Executive's Annual Salary during the Restricted Period, which shall be payable in accordance with the Company's standard pay policies.
Other Resignation. You will not be entitled to any payment in the event of your resignation, except to the extent provided in the foregoing Sections 4(A)(ii) and 4(D).
Other Resignation. During the period after January 31, 2000 and before the twenty-first (21st) day after the Company's audited financial statements for the year ending January 31, 2000 have been delivered to the Company (but not later than May 21, 2000), the Executive may terminate his employment for any reason or no reason by delivery of a Notice of Termination to the Board.
Other Resignation. If the Executive shall terminate employment pursuant to 4.5 (other than for Good Reason pursuant to 4.4), (a) Executive shall immediately receive the compensation deferred in accordance with 3.5(i), (b) Executive shall not be entitled to earn any Bonus in accordance with 3.3(d), (c) Executive shall forfeit his rights to all Stock Options, and (d) the Executive shall be subject to the covenants set forth in s 10.1 and 10.2. In the event of such termination, Executive shall earn additional compensation of $50,000 per month during the period commencing on February 1, 2000 and ending on the Termination Date. The Executive agrees to continue employment with the Company and use the Executive's best efforts to ensure a smooth transition through the earliest of (a) the date that a new Chief Executive Officer has been employed by the Company, (b) a period of four (4) months has elapsed since the date of the Executive's Notice of Termination, or (c) such date as the Company elects after receipt of the Executive's Notice of Termination. In the event that the Executive's employment is terminated during the Agreement Term for any reason, Executive shall resign as Chairman of the Board and as a member of the Board, and all other positions with the Company and its subsidiaries, unless otherwise mutually agreed in writing by the Company and the Executive.
Other Resignation. In the event that the Employee shall no longer be an employee of Teva due to resignation not under the circumstances specified in Section 16 above, then the Employee shall be entitled to receive what is set forth in Section 14.1.6, the letters set forth in 15.1.1 and in addition, the Employee (or his Beneficiaries, as applicable, as defined in Section 19 below) shall be entitled to receive from Teva a retirement grant in the amount equal to the product of 50% of his most recent Monthly Salary and the number of years the Employee was employed by Teva during the period as of the Effective Date and ending on the date of termination of employment (with a proportional calculation for part of a year); provided, however, that in no event shall the Employee (or, if applicable, his Beneficiaries, as defined in Section 19.2 below) be entitled to receive from Teva an amount which, together with the accumulated Aggregate Severance Payment Amounts in the Funds with respect to contributions made during the period as of the Effective Date and ending on the date of termination of employment, shall exceed an amount equal to the product of 150% of the Employee’s most recent Monthly Salary and the number of years the Employee was employed by Teva during the period as of the Effective Date and ending on the date of termination of employment (with a proportional calculation for part of a year).
