Common use of Resignation by Executive without Good Reason Clause in Contracts

Resignation by Executive without Good Reason. Executive may resign from Executive’s employment with the Company at any time by giving notice as described in Section 7.1, and subject to the advance notice requirement set forth in Section 1.1 above. In the event Executive resigns from employment with the Company for any reason (other than a resignation for Good Reason as described in Section 6.4 below), Executive will not receive Severance Benefits or any other severance compensation or benefits, except that the Company shall pay and provide the Accrued Obligations.

Resignation by Executive without Good Reason. Executive may -------------------------------------------- resign from Executive’s employment with the Company any of his positions hereunder at any time by giving notice as described in Section 7.1, and subject to or otherwise terminate the advance notice requirement set forth in Section 1.1 aboveEmployment Period at any time without Good Reason. In the event Executive resigns from employment with the Company for any reason (other than Upon such a resignation for Good Reason as described in Section 6.4 below)or event, Executive will not receive Severance Benefits or any other severance compensation or benefits, except that (i) the Company shall pay have no obligation to Executive pursuant to this Agreement other than the payment of Executive's earned and provide unpaid base salary to the Accrued Obligationseffective date of such termination and (ii) Executive shall not be entitled to any additional rights or vesting with respect to the New Option following the effective date of such termination.