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

Resignation by the Executive without Good Reason. The Executive may resign his employment hereunder without Good Reason upon one (1) month's written notice to the Company. In the event of termination by the Executive pursuant to this subsection 10(c), the Company may elect to pay the Executive during the notice period (or for any remaining portion of that period) the Salary and benefits at the rate of compensation the Executive was receiving immediately before such notice of termination was tendered in lieu of actual notice.

Resignation by the Executive without Good Reason. The Executive may resign his employment hereunder without Good Reason upon one (1) month's ’s written notice to the Company. In the event of termination by the Executive pursuant to this subsection 10(c), the Company may elect to pay the Executive during the notice period (or for any remaining portion of that period) the Salary and benefits at the rate of compensation the Executive was receiving immediately before such notice of termination was tendered in lieu of actual notice.

Resignation by the Executive without Good Reason. The Executive may resign his from employment hereunder during the Employment Period without Good Reason upon one (1) month's written at any time by giving notice to the CompanyCompany as described in Section 5.8. In the event of termination by the Executive pursuant to this subsection 10(c)resigns from employment without Good Reason, the Company may elect Company’s sole obligation shall be to pay the or provide to Executive during the notice period (or for any remaining portion of that period) the Salary and benefits at the rate of compensation the Executive was receiving immediately before such notice of termination was tendered in lieu of actual noticeAccrued Obligations.