Common use of Termination by the Company or PGA for Cause; Voluntary Resignation Clause in Contracts

Termination by the Company or PGA for Cause; Voluntary Resignation. For the avoidance of doubt, if the Employee’s employment with the Company or PGA hereunder is terminated by the Company or PGA for Cause, or by the Employee (other than for Good Reason or as a result of Disability or death), the Employee shall not be entitled to any compensation or benefits other than the Accrued Rights. Any voluntary termination of employment by the Employee in anticipation of an involuntary termination of employment by the Company or PGA for Cause shall be deemed to be a termination of the Employee’s employment by the Company or PGA for Cause. Any termination by the Company or PGA for Cause, or voluntary resignation by the Employee, shall be communicated by written notice in accordance with Section 20 (and, in the case of the Employee’s voluntary resignation, in accordance with Section 4(a)).

Appears in 2 contracts

Samples: Employment Agreement (PGA Holdings, Inc.), Employment Agreement (PGA Holdings, Inc.)

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Termination by the Company or PGA for Cause; Voluntary Resignation. For the avoidance of doubt, if the Employee’s employment with the Company or PGA hereunder is terminated by the Company or PGA for Cause, or by the Employee (other than for Good Reason or as a result of Disability or death), the Employee shall not be entitled to any compensation or benefits other than the Accrued Rights. Any voluntary termination of employment by the Employee that occurs during one of the cure periods referenced in anticipation of an involuntary termination of employment by the Company or PGA for Cause Section 4(b)(ii) hereof shall be deemed to be a termination of the Employee’s employment by the Company or PGA for Cause. Any termination by the Company or PGA for Cause, or voluntary resignation by the Employee, shall be communicated by written notice in accordance with Section 20 (and, in the case of the Employee’s voluntary resignation, in accordance with Section 4(a)).

Appears in 2 contracts

Samples: Employment Agreement (PGA Holdings, Inc.), Employment Agreement (PGA Holdings, Inc.)

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