Common use of Other Resignation by the Employee, Without Severance Clause in Contracts

Other Resignation by the Employee, Without Severance. The Employee may resign the Employee’s position upon providing sixty (60) days advance, written notice to the Corporation. The Corporation may then elect either (a) to have the Employee continue performing work for the Corporation throughout the 60 day notice period; or (b) to accept the Employee’s resignation effective immediately. In the event of the Employee’s termination of employment with the Corporation under this Paragraph 4.4, the Employee shall not be paid any severance pay.

Appears in 3 contracts

Samples: Employment Agreement (Electromed, Inc.), Employment Agreement (Electromed, Inc.), Employment Agreement (Electromed, Inc.)

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Other Resignation by the Employee, Without Severance. The Employee may resign the Employee’s position upon providing sixty (60) days advance, written notice to the Corporation. The Corporation may then elect either (a) to have the Employee continue performing work for the Corporation throughout the 60 day notice period; or (b) to accept the Employee’s resignation effective immediately. In the event of the Employee’s termination of employment with the Corporation under this Paragraph 4.44.5, the Employee shall not be paid any entitled to severance pay, but Employee shall be entitled to any earned but unpaid non-equity incentive compensation.

Appears in 2 contracts

Samples: Employment Agreement (Electromed, Inc.), Employment Agreement (Electromed, Inc.)

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Other Resignation by the Employee, Without Severance. The Employee may resign the Employee’s position upon providing sixty (60) days advance, written notice to the Corporation. The Corporation may then elect either (a) to have the Employee continue performing work for the Corporation throughout the 60 day notice period; or (b) to accept the Employee’s resignation effective immediately. In the event of the Employee’s termination of employment with the Corporation under this Paragraph 4.4, the Employee shall not be paid any severance pay, but Employee shall be entitled to any earned but unpaid non-equity incentive compensation.

Appears in 1 contract

Samples: Employment Agreement (Electromed, Inc.)

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