Common use of Termination at Executive’s Election Clause in Contracts

Termination at Executive’s Election. Executive may resign from employment with the Company prior to the expiration of the Term for any reason by providing written notice to the Company at least 30 days prior to the date selected for resignation. If Executive resigns from employment before expiration of the Term under any circumstances, other than for “good reason” as defined above, Executive shall be entitled to receive only the following: (i) payment of Executive’s Base Salary through and including the date of resignation; (ii) payment for all accrued and unused vacation time existing as of the date of resignation, which will be paid at a rate calculated in accordance with Executive’s Base Salary at the time of resignation; and (iii) reimbursement of business expenses incurred prior to the date of resignation. Except as expressly set forth in this Section 5.3, Executive shall not be entitled to receive any Base Salary or Fringe Benefits in the event Executive resigns from employment before expiration of the Term, except that Executive may continue to participate in the Employee Benefit Plans to the extent permitted by and in accordance with the terms thereof or as otherwise required by law and except as otherwise provided by this Agreement.

Termination at Executive’s Election. Executive may resign from employment with the Company prior to the expiration of the Term for any reason by providing written notice to the Company at least 30 days prior to the date selected for resignation. If Executive resigns from employment before expiration of the Term under any circumstances, other than for “good reason” as defined aboveemployment, Executive shall be entitled to receive only the following: (i) payment of Executive’s 's Base Salary through and including the date of resignation; (ii) payment of any earned but unpaid Incentive Compensation for the prior fiscal year pursuant to the terms of Section 3.2; (iii) payment for all accrued and unused vacation time existing as of the date of resignation, which will be paid made at a rate calculated in accordance with Executive’s 's Base Salary at the time of resignation; and (iiiiv) reimbursement of business expenses incurred prior to the date of resignation. Except as expressly set forth in this Section 5.34.3, in the event Executive resigns from employment, Executive shall not be entitled to receive any Base Salary or Salary, Incentive Compensation, Fringe Benefits in the event Executive resigns from employment before expiration of the Termor other times, except that Executive may continue to participate in the Employee Benefit Plans to the extent permitted by and in accordance with the terms thereof or as otherwise required by law and except as otherwise provided by this Agreementlaw.

Termination at Executive’s Election. Executive may resign from employment with the Company prior to the expiration of the Term for any reason by providing written notice to the Company at least 30 days prior to the date selected for resignation. If Executive resigns from employment before expiration of the Term under any circumstances, other than for “good reason” as defined aboveemployment, Executive shall be entitled to receive only the following: (i) payment of Executive’s Base Salary through and including the date of resignation; (ii) payment of any earned but unpaid Incentive Compensation for the prior fiscal year pursuant to the terms of Section 3.2; (iii) payment for all accrued and unused vacation time existing as of the date of resignation, which will be paid made at a rate calculated in accordance with Executive’s Base Salary at the time of resignation; and (iiiiv) reimbursement of business expenses incurred prior to the date of resignation. Except as expressly set forth in this Section 5.34.3, in the event Executive resigns from employment, Executive shall not be entitled to receive any Base Salary or Salary, Incentive Compensation, Fringe Benefits in the event Executive resigns from employment before expiration of the Termor other times, except that Executive may continue to participate in the Employee Benefit Plans to the extent permitted by and in accordance with the terms thereof or as otherwise required by law and except as otherwise provided by this Agreementlaw.