Common use of Termination by Executive other than for Good Reason Clause in Contracts

Termination by Executive other than for Good Reason. Executive may terminate his employment with the Employer other than for Good Reason upon thirty (30) days prior written notice to the Employer, after which the Employer shall have no further obligation hereunder to Executive, except for payment of accrued Base Salary and benefits through the termination date. If Executive so notifies the Employer of such termination, the Employer shall have the right to accelerate the effective date of such termination to any date after the Employer’s receipt of such notice, but such acceleration will not be deemed to constitute a termination of Executive’s employment by the Employer without Cause, and the consequences of such termination will continue to be governed by this subsection.

Appears in 10 contracts

Samples: Employment Agreement (Unifi Inc), Employment Agreement (Unifi Inc), Employment Agreement (Unifi Inc)

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Termination by Executive other than for Good Reason. Executive may terminate his Executive’s employment with the Employer other than for Good Reason upon thirty (30) days prior written notice to the Employer, after which the Employer shall have no further obligation hereunder to Executive, except for payment of accrued Base Salary and benefits through the termination date. If Executive so notifies the Employer of such termination, the Employer shall have the right to accelerate the effective date of such termination to any date after the Employer’s receipt of such notice, but such acceleration will not be deemed to constitute a termination of Executive’s employment by the Employer without Cause, and the consequences of such termination will continue to be governed by this subsection.

Appears in 3 contracts

Samples: Employment Agreement (Unifi Inc), Employment Agreement (Unifi Inc), Employment Agreement (Unifi Inc)

Termination by Executive other than for Good Reason. Executive may terminate his employment with the Employer other than for Good Reason upon thirty (30) days prior written notice to the Employer, after which the Employer shall have no further obligation hereunder to Executive, except for payment of accrued Base Salary and benefits through the termination date. If Executive so notifies the Employer of such termination, the Employer shall have the right to accelerate the effective date of such termination to any date after the Employer’s 's receipt of such notice, but such acceleration will not be deemed to constitute a termination of Executive’s 's employment by the Employer without Cause, and the consequences of such termination will continue to be governed by this subsection.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Unifi Inc), Employment Agreement (Unifi Inc)

Termination by Executive other than for Good Reason. Executive may terminate his employment with the Employer Company at any time, for any reason or no reason at all, with four (4) weeks’ advance written notice of any termination by Executive other than for Good Reason upon thirty (30) days prior written as defined below). During such notice period Executive shall continue to the Employer, after which the Employer shall have no further obligation hereunder to diligently perform all of Executive, except for payment of accrued Base Salary and benefits through the termination date’s duties hereunder. If Executive so notifies the Employer of such termination, the Employer The Company shall have the right option, in its sole discretion, to accelerate make Executive’s termination effective at any time prior to the end of such notice period but not less than two (2) weeks after the date such notice is provided, in which case Executive would receive compensation only up through the effective date of termination of his employment; such termination accelerated resignation does not convert the Executive’s separation to any date after the Employer’s receipt of such notice, but such acceleration will not be deemed to constitute a termination of Executive’s employment by the Employer without Cause, and . Thereafter all obligations of the consequences of such termination will continue to be governed by this subsectionCompany shall cease.

Appears in 2 contracts

Samples: Employment Agreement (Arch Therapeutics, Inc.), Arch Therapeutics, Inc.

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Termination by Executive other than for Good Reason. Executive may terminate his employment with the Employer other than for Good Reason upon thirty (30) days prior written notice to the Employer, after which the Employer shall have no further obligation hereunder to Executive, except for payment of accrued amounts of Base Salary and other benefits accrued through the termination date. If Executive so notifies the Employer of such termination, the Employer shall have the right to accelerate the effective date of such termination to any date after the Employer’s receipt of such notice, but such acceleration will not be deemed to constitute a termination of Executive’s employment by the Employer without Cause, and the consequences of such termination will continue to be governed by this subsectionsubsection (d).

Appears in 1 contract

Samples: Employment Agreement (Pike Electric CORP)

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