Common use of Other Voluntary Termination by the Executive Clause in Contracts

Other Voluntary Termination by the Executive. During the Term of Employment, the Executive may effect, upon sixty (60) days prior written notice to the Holding Company, a Voluntary Termination of the Executive’s employment hereunder and thereupon the Term of Employment (if not already expired) shall end. A “Voluntary Termination” shall mean a termination of employment by the Executive on the Executive’s own initiative other than (a) a termination due to death or Disability (as defined in Section 12), (b) a termination for Good Reason (as defined in Section 7.4), (c) a termination due to Retirement (as defined in Section 7.3), or (d) a termination as a result of the normal expiration of the full Term of Employment. If, during the Term of Employment, the Executive’s employment is so terminated due to a Voluntary Termination, the Term of Employment shall thereupon end and the Holding Company shall pay to the Executive an amount equal to the sum of (a) base salary or other compensation earned through the date of termination, plus (b) any other compensation and benefits as may be provided in accordance with the terms and provisions of any applicable plans and programs, if any, of the Holding Company.

Other Voluntary Termination by the Executive. During the Term of Employment, the Executive may effect, upon sixty (60) days prior written notice to the Holding Company, a Voluntary Termination of the Executive’s 's employment hereunder and thereupon the Term of Employment (if not already expired) shall end. A “Voluntary Termination” "VOLUNTARY TERMINATION" shall mean a termination of employment by the Executive on the Executive’s 's own initiative other than (a) a termination due to death or Disability (as defined in Section 12), (b) a termination for Good Reason (as defined in Section 7.4), (c) a termination due to Retirement (as defined in Section 7.3), or (d) a termination as a result of the normal expiration of the full Term of Employment. If, during the Term of Employment, the Executive’s 's employment is so terminated due to a Voluntary Termination, the Term of Employment shall thereupon end and the Holding Company shall pay to the Executive an amount equal to the sum of (a) base salary or other compensation earned through the date of termination, plus (b) any other compensation and benefits as may be provided in accordance with the terms and provisions of any applicable plans and programs, if any, of the Holding Company.