Resignation or Termination for Cause. (a) The Executive may resign his/her employment or MTS may terminate the Executive's employment for Cause, effective as of the Date of Termination set forth in the Notice of Termination. If Executive resigns or his/her employment is terminated by MTS for Cause, MTS shall pay to Executive his/her full base salary through the Date of Termination at the rate in effect at the time of Notice of Termination is given and MTS shall have no further obligation to Executive under this Agreement.
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Samples: Severance Agreement (MTS Systems Corp), Severance Agreement (MTS Systems Corp), Severance Agreement (MTS Systems Corp)
Resignation or Termination for Cause. (a) The Executive may resign his/her his employment or MTS may terminate the Executive's employment for Cause, effective as of the Date of Termination set forth in the Notice of Termination. If Executive resigns or his/her his employment is terminated by MTS for Cause, MTS shall pay to Executive his/her his full base salary through the Date of Termination at the rate in effect at the time of Notice of Termination is given and MTS shall have no further obligation to Executive under this Agreement.
Appears in 2 contracts
Samples: Severance Agreement (MTS Systems Corp), Severance Agreement (MTS Systems Corp)
Resignation or Termination for Cause. (a) The Executive may resign his/his or her employment or MTS may terminate the Executive's employment for Cause, effective as of the Date of Termination set forth in the Notice of Termination. If Executive resigns or his/his or her employment is terminated by MTS for Cause, MTS shall pay to Executive his/his or her full base salary through the Date of Termination at the rate in effect at the time of Notice of Termination is given and MTS shall have no further obligation to Executive under this Agreement.
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