Termination at the Election of the Executive Sample Clauses

Termination at the Election of the Executive. In the event the Executive elects to terminate his employment pursuant to Section 4.6, the Company shall pay the Executive the compensation and benefits otherwise payable to him under Section 3 through the last day of his actual employment by the Company. If the Executive provides ninety (90) days prior written notice, the Executive shall receive an amount equal to a pro rata payment (as defined in Section 21) of the annual cash bonus, if any, paid to the Executive in the year prior to his resignation, subject to the Executive’s execution of a severance agreement and release drafted by and satisfactory to counsel for the Company (such signed agreement, the “Release”). Such payment shall be paid in a lump sum within 30 days following the Executive’s termination of employment. No other benefits are payable upon the Executive’s voluntary resignation unless for Good Reason.
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Termination at the Election of the Executive. In the event the Executive elects to terminate his employment pursuant to Section 4.6, the Company shall pay the Executive the compensation and benefits otherwise payable to him under Section 3 through the last day of his actual employment by the Company. If the Executive provides ninety (90) days prior written notice, the Executive shall receive an amount equal to a pro rata payment (as defined in Section 21) of the annual cash bonus, if any, paid to the Executive in the year prior to his resignation, subject to the Executive's execution of a severance agreement and release drafted by and satisfactory to counsel for the Company. No other benefits are payable upon the Executive's voluntary resignation unless for Good Reason.
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Termination at the Election of the Executive. If the Executive's employment is terminated at his election pursuant to Section 4.6., the Company shall pay to the Executive the compensation and benefits which would otherwise be payable to him under Section 3 through the last day of his actual employment with the Company. However, the Executive will not be entitled to any Bonus payment for the fiscal year in which his employment is terminated at his election. Executive shall maintain all of his rights in connection with his vested stock options. Such options shall be exercisable within the later of: (a) the time period provided for under Exhibits A and B hereto; or (b) ninety (90) days from the date of such termination.
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Termination at the Election of the Executive. In the event the Executive elects to terminate his employment without Good Reason pursuant to Section 4.3, the Company shall pay the Executive the compensation and benefits otherwise payable and expenses otherwise reimbursable to him under Section 3 through the last day of the period covered by the notice provided pursuant to Section 4.3. Executive shall not be liable to the Company for any damages arising from or associated with the Company’s not having a Chief Financial Officer during any period following a termination by the Executive of his employment and this Agreement pursuant to Section 4.4.
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Termination at the Election of the Executive. If the Executive elects to terminate his employment for any reason whatsoever, in accordance with paragraph 2.f, Xxxxx shall pay to the Executive the compensation and benefits otherwise payable to him through the last day of his actual employment by Xxxxx.
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Termination at the Election of the Executive. The Executive may terminate his employment and this AGREEMENT at any time for any reason or for no reason upon written notice to the Company of his election to terminate. If the Executive's employment is terminated by the Executive pursuant to this Section 8.4, the Executive shall not be entitled to any Severance Payment or other termination benefit. Furthermore, by terminating his employment before the end of the Employment Period, Executive shall forfeit any and all vested or unvested stock or stock options obtained under this Agreement.
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Related to Termination at the Election of the Executive

  • Compensation of the Executive 3 4. Termination.........................................................................

  • Termination by the Executive The Executive may terminate employment hereunder at any time for any reason, including but not limited to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive’s consent (each, a “Good Reason Condition”):

  • Voluntary Termination by the Executive The Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) above.

  • By the Executive The Executive may terminate the Employment at any time with a three-month prior written notice to the Company or by payment of three months’ salary in lieu of notice. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation or an alternative arrangement with respect to the Employment is approved by the Board.

  • Resignation by the Executive Executive may voluntarily resign from his employment with the Company, provided that Executive shall provide the Company with thirty (30) days advance written notice (which notice requirement may be waived, in whole or in part, by the Company in its sole discretion) of his intent to resign. If Executive so terminates his employment with the Company, other than in accordance with Section 4.5, the Company shall have no obligation other than the payment of the Accrued Obligations to the effective date of such termination.

  • AGREEMENTS OF THE EXECUTIVE In consideration of the compensation and benefits to be paid or provided to the Executive by the Employer under this Agreement, the Executive covenants as follows:

  • Death of the Executive In the event of the Executive’s death before all payments or benefits the Executive is entitled to receive under this Agreement have been provided, the unpaid amounts will be provided to the Executive’s designated beneficiary, if living, or otherwise to the Executive’s personal representative in a single lump sum as soon as possible following the Executive’s death.

  • Termination by the Employee The Employee may terminate this Agreement at any time, for any reason or for no reason at all, by giving notice thereof to the Corporation at least thirty (30) days before the effective date of such termination. The Employment Period shall terminate as of the date of such termination of employment.

  • Termination and Resignation Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

  • Voluntary Termination by the Employee The Employee may voluntarily terminate the Employee's status as employee for other than Good Reason.

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