Common use of Resignation by Employee Clause in Contracts

Resignation by Employee. If Employee should resign her employment with the Company for any reason other than demotion from Chief Financial Officer of the Company or a Business Combination, then in such case, the Company shall have no liability or obligation to Employee hereunder or otherwise in respect of her employment other than the obligation to pay to Employee any accrued and unpaid base compensation under Section 3.1 as of the date of termination plus such additional compensation as shall be due to Employee under Section 3.2 in respect of any fiscal year in which such resignation occurs and the amount of such additional compensation in respect of such fiscal year shall not be prorated even though such resignation occurs within such fiscal year. Employee's right to purchase shares of the Company's stock under Article 4 shall continue to be governed by the Employee's stock option agreements.

Resignation by Employee. If Employee should resign her his employment with the Company for any reason other than demotion from Chief Financial Operating Officer of the Company or a Business Combination, then in such case, the Company shall have no liability or obligation to Employee hereunder or otherwise in respect of her his employment other than the obligation to pay to Employee any accrued and unpaid base compensation under Section 3.1 as of the date of termination plus such additional compensation as shall be due to Employee under Section 3.2 in respect of any fiscal year in which such resignation occurs and the amount of such additional compensation in respect of such fiscal year shall not be prorated even though such resignation occurs within such fiscal year. Employee's right to purchase shares of the Company's stock under Article 4 shall continue to be governed by the Employee's stock option agreements.

Resignation by Employee. If Employee should resign her his employment with the Company for any reason other than demotion from Chief Financial Officer Director of Systems Integration of the Company or a Business Combination, then in such case, the Company shall have no liability or obligation to Employee hereunder or otherwise in respect of her his employment other than the obligation to pay to Employee any accrued and unpaid base compensation under Section 3.1 as of the date of termination plus such additional compensation as shall be due to Employee under Section 3.2 in respect of any fiscal year in which such resignation occurs and the amount of such additional compensation in respect of such fiscal year shall not be prorated even though such resignation occurs within such fiscal year. Employee's right to purchase shares of the Company's stock under Article 4 shall continue to be governed by the Employee's stock option agreements.

Resignation by Employee. If Employee should resign her his employment with the Company for any reason other than demotion from Chief Financial Executive Officer of the Company or a Business Combination, then in such case, the Company shall have no liability or obligation to Employee hereunder or otherwise in respect of her his employment other than the obligation to pay to Employee any accrued and unpaid base compensation under Section 3.1 as of the date of termination plus such additional compensation as shall be due to Employee under Section 3.2 in respect of any fiscal year in which such resignation occurs and the amount of such additional compensation in respect of such fiscal year shall not be prorated even though such resignation occurs within such fiscal year. Employee's right to purchase shares of the Company's stock under Article 4 Section 3.6 shall continue to be governed by the Employee's stock option agreementsagreement.

Resignation by Employee. If Employee should resign her his employment with the Company for any reason other than demotion from Chief Financial Officer of the Company or a Business Combination, then in such case, the Company shall have no liability or obligation to Employee hereunder or otherwise in respect of her his employment other than the obligation to pay to Employee any accrued and unpaid base compensation under Section 3.1 as of the date of termination plus such additional compensation as shall be due to Employee under Section 3.2 in respect of any fiscal year in which such resignation occurs and the amount of such additional compensation in respect of such fiscal year shall not be prorated even though such resignation occurs within such fiscal year. Employee's right to purchase shares of the Company's stock under Article 4 shall continue to be governed by the Employee's stock option agreements.

Resignation by Employee. If Employee should resign her his employment with the Company for any reason other than demotion from Chief Financial Executive Officer of the Company or a Business Combination, then in such case, the Company shall have no liability or obligation to Employee hereunder or otherwise in respect of her his employment other than the obligation to pay to Employee any accrued and unpaid base compensation under Section 3.1 as of the date of termination plus such additional compensation as shall be due to Employee under Section 3.2 in respect of any fiscal year in which such resignation occurs and the amount of such additional compensation in respect of such fiscal year shall not be prorated even though such resignation occurs within such fiscal year. Employee's right to purchase shares of the Company's stock under Article 4 shall continue to be governed by the Employee's stock option agreements.

Resignation by Employee. If Employee should resign her his employment with the Company for any reason other than demotion from Chief Financial Officer President of the Company or a Business Combination, then in such case, the Company shall have no liability or obligation to Employee hereunder or otherwise in respect of her his employment other than the obligation to pay to Employee any accrued and unpaid base compensation under Section 3.1 as of the date of termination plus such additional compensation as shall be due to Employee under Section 3.2 in respect of any fiscal year in which such resignation occurs and the amount of such additional compensation in respect of such fiscal year shall not be prorated even though such resignation occurs within such fiscal year. Employee's right to purchase shares of the Company's stock under Article 4 shall continue to be governed by the Employee's stock option agreements.