Common use of Resignation by Officer Clause in Contracts

Resignation by Officer. Should Officer resign his employment hereunder for reasons other than disability, this Agreement shall terminate, provided however that his obligations under Section 5 hereof shall continue after his resignation. In the event of resignation by Officer, the Officer shall be entitled to twelve months of continuation of his salary and twelve months of the Company’s then-current contribution to its group health plan plus any vested benefits. No other compensation or benefits will be provided. Any payment to be made pursuant to this subsection 4(e) shall not be made and any prior payment shall be subject to repayment in full should Officer violate any of his obligations under Section 5 hereof.

Resignation by Officer. Should Officer resign his employment hereunder for reasons other than disability, this Agreement shall terminate, provided however that his obligations under Section 5 hereof shall continue after his resignation. In the event His compensation and benefits payable hereunder shall cease on his last date of resignation by Officeremployment and this Agreement shall terminate, the Officer shall be entitled to twelve months of continuation of his salary and twelve months of the Company’s then-current contribution to its group health plan plus any vested benefits. No other compensation or benefits will be provided. Any payment to be made pursuant to this subsection 4(e) shall not be made and any prior payment shall be subject to repayment in full should Officer violate any of provided however that his obligations under Section 5 hereofhereof shall continue after his resignation or retirement.

Resignation by Officer. Should Officer resign his employment hereunder for reasons other than disability, this Agreement shall terminate, provided however that his obligations under Section 5 hereof shall continue after his resignation. In the event of resignation by Officer, the Officer shall be entitled to twelve months of continuation of his salary and twelve months of the Company’s then-current contribution to its group health plan plus any vested benefitsbenefits at the time of resignation. No other compensation or benefits will be providedprovided under this contract. Any payment to be made pursuant to this subsection 4(e) shall not be made and any prior payment shall be subject to repayment in full should Officer violate any of his obligations under Section 5 hereof.