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

Resignation by Executive without Good Reason. If Executive’s employment is terminated voluntarily by Executive during the Term without Good Reason, Executive’s employment shall terminate without further obligations to Executive other than for payment of the sum of any unpaid Salary and reimbursable expenses accrued and owing to Executive prior to the termination. The sum of such amounts shall hereinafter be referred to as the “Accrued Obligations,” which shall be paid to Executive or Executive’s estate or beneficiary within thirty (30) days of the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (GTJ REIT, Inc.), Employment Agreement (GTJ REIT, Inc.), Employment Agreement (GTJ REIT, Inc.)

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Resignation by Executive without Good Reason. If Executive’s employment is terminated voluntarily by Executive during the Term without Good ReasonReason (other than as described in Section 4(f)), Executive’s employment shall terminate without further obligations to Executive other than for payment of the sum of any unpaid Salary and reimbursable expenses accrued and owing to Executive prior to the termination. The sum of such amounts shall hereinafter be referred to as the “Accrued Obligations,” which shall be paid to Executive or Executive’s estate or beneficiary within thirty (30) days of the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (GTJ Reit, Inc.), Employment Agreement (GTJ Reit, Inc.)

Resignation by Executive without Good Reason. If Executive’s employment is terminated voluntarily by Executive during the Term without Good ReasonReason (other than as described in Section 4(e)), Executive’s employment shall terminate without further obligations to Executive other than for payment of the sum of any unpaid Salary and reimbursable expenses accrued and owing to Executive prior to the termination. The sum of such amounts shall hereinafter be referred to as the “Accrued Obligations,” which shall be paid to Executive or Executive’s estate or beneficiary within thirty (30) days of the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (GTJ REIT, Inc.), Employment Agreement (GTJ REIT, Inc.)

Resignation by Executive without Good Reason. If Executive’s employment is terminated voluntarily by Executive during Even in the Term without absence of Good Reason, Executive may resign from his employment with the Company at any time, and in such event Executive’s employment shall terminate without 's base annual salary will be paid through the effective date of such resignation, and thereafter Executive's rights under this Agreement will cease and no further obligations payments hereunder will be made, except for Executive's rights under Sections 2(d) and 3(c) with respect to Executive other than for payment of the sum of any unpaid Salary unreimbursed fees and reimbursable expenses accrued and owing to incurred by Executive prior to the termination. The sum effective date of such amounts shall hereinafter be referred to as resignation, which the “Accrued Obligations,” which shall be paid to Company will reimburse Executive or Executive’s estate or beneficiary for within thirty (30) 15 days of after the effective date of terminationsuch resignation.

Appears in 2 contracts

Samples: Employment Agreement (Moscow Cablecom Corp), Employment Agreement (Moscow Cablecom Corp)

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Resignation by Executive without Good Reason. If In the event that Executive’s 's employment with the Company is voluntarily terminated voluntarily by Executive during the Term without for any reason other than for Good Reason, Executive’s employment shall terminate without further obligations to Executive other than for payment of the sum of any unpaid Salary and reimbursable expenses accrued and owing to Executive prior to the termination. The sum of such amounts shall hereinafter be referred to as the “Accrued Obligations,” which shall be paid to Executive or Executive’s estate or beneficiary within thirty (30x) days of his unpaid Base Salary through the date of termination and (y) any unpaid Bonus Compensation for the prior year, and the Company shall have no further obligation hereunder from and after the effective date of termination. Executive shall give the Company at least 60 days' advance written notice of his intention to terminate his employment hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Suntek Corp), Employment Agreement (Eftc Corp/)

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