Common use of Resignation by Xxxxxxx Clause in Contracts

Resignation by Xxxxxxx. Xxxxxxx may resign his employment with the Company upon 60 - (sixty) month written notice to the Board, and his date of resignation shall be considered the date on which he is no longer employed, not the date on which he gives written notice. Xxxxxxx shall only be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 that has accrued up to the date of resignation; and (b) any and all benefits accrued up to the date of resignation. Xxxxxxx shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after the date of resignation.