Termination Due to Resignation. Employee may resign his or her employment at any time by giving 30 days written notice of resignation to Employer. Except as otherwise set forth in this Agreement, Employee's employment, and Employee's right to receive compensation and benefits from Employer, will terminate upon the effective date of Employee's termination. If Employee resigns pursuant to this Section 6(a), Employer's only remaining financial obligation to Employee under this Agreement will be to pay: (i) any earned but unpaid Base Salary and accrued Paid Time Off through the effective date of Employee's termination; (ii) reimbursement of expenses incurred by Employee through the effective date of termination which are reimbursable pursuant to this Agreement; and (iii) the Employee's vested portion of any Magellan deferred compensation or other benefit plan.
Termination Due to Resignation. If, prior to the Final Exercise Date, the Participant’s employment or other relationship with the Company is terminated by the Participant due to the Participant’s resignation, except as provided in paragraph (e) above, the right to exercise this option shall terminate three months after the effective date of such termination of employment or other relationship, provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the effective date of such termination.
Termination Due to Resignation. Executive may resign his or her employment at any time by giving 90 days written notice of resignation to Employer. Except as otherwise set forth in this Agreement, Executive's employment, and Executive's right to receive compensation and benefits from Employer, will terminate upon the effective date of Executive's termination. If Executive resigns pursuant to this Section 6(a), Employer's only remaining financial obligation to Executive under this Agreement will be to pay: (i) any earned but unpaid Base Salary through the date of termination, (ii) all vested stock options shall remain exercisable until the later of (A) 90 days following the date of termination or (B) the 45th day following the first day on or after the date of termination on which Executive is not subject to a trading "blackout" imposed by the Company and may sell the shares acquired upon option exercise without violation of Rule 10b-5 under the Securities Exchange Act of 1934, (iii) any other amounts earned, accrued or owing to Executive but not yet paid, and (iv) other payments, entitlements or benefits, if any, that are payable in accordance with applicable plans, programs, arrangements or other agreements of the Company or any affiliate.
Termination Due to Resignation. During the Term, Employee may resign his employment at any time (other than for Good Reason) by giving 90 days written notice of resignation to Employer. Except as otherwise set forth in this Agreement, Employee’s employment, and Employee’s right to receive compensation and benefits from Employer, will terminate upon the effective date of Employee’s termination. If Employee resigns pursuant to this Section 6(a), Employer’s only remaining financial obligation to Employee under this Agreement will be to pay, subject to Section 10: (i) any earned but unpaid Base Salary and accrued paid time off through the effective date of Employee’s termination; (ii) reimbursement of expenses incurred by Employee through the effective date of termination which are reimbursable pursuant to this Agreement; and (iii) Employee’s vested portion of awards under the LTIP Plan (or any applicable award agreement), any Magellan deferred compensation and/or other benefit plan in accordance with the applicable terms of such plan or agreement (the “Accrued Amounts”); provided that all Accrued Amounts shall remain subject to the Employer’s clawback policy(s) or other recapture policies as in effect from time to time and applicable law. In addition, for all terminations, Employee shall remain entitled to his rights under Sections 6(e)(ii), 12 and 20 of this Agreement, to the extent not otherwise forfeited in connection with such termination in accordance with applicable law.
Termination Due to Resignation. A Member may resign from the Association at any time by submitting a resignation letter to the President or Secretary of the Association. The resignation shall be effective upon submission of the resignation letter. No membership fees shall be refunded for the calendar year in which the resignation becomes effective.
Termination Due to Resignation. In the event the Employee resigns his full time employment with the Company for any reason whatsoever then any portion of the Option which the Employee has the right to exercise as of the date of such resignation must be exercised on or before ninety (90) days after the effective date of such resignation. The balance of the Option, if any, shall revert automatically to the Company.
Termination Due to Resignation. In the event Optionee’s employment with the Company is terminated by reason of resignation by Optionee, excluding any resignation by Optionee for Good Reason (as such term is defined in the Employment Agreement), all outstanding Options then held by Optionee will, to the extent exercisable as of such termination, remain exercisable in full for a period of three (3) months after such termination (but in no event after the expiration date of any such Option). Options not exercisable as of such resignation will be forfeited and terminate.
Termination Due to Resignation. Executive may resign his employment at any time by giving 90 days written notice of resignation to Employer. Except as otherwise set forth in this Agreement, Executive’s employment, and Executive’s right to receive compensation and benefits from Employer, will terminate upon the effective date of Executive’s termination. If Executive resigns pursuant to this Section 6(a), Employer’s only remaining financial obligation to Executive under this Agreement will be to pay (subject to Section 11): (i) any earned but unpaid Base Salary through the date of termination, (ii) all vested stock options shall remain exercisable for six months following the date of termination of Executive’s employment, (iii) any other amounts earned, accrued or owing to Executive but not yet paid, and (iv) other payments, entitlements or benefits, if any, that are payable in accordance with applicable plans, programs, arrangements or other agreements of the Company or any affiliate.
Termination Due to Resignation. If the Executive’s employment is terminated as a result of the Executive’s voluntary resignation (including a termination by the Executive as a result of a notice by the Executive of his decision not to extend this Agreement), the Company agrees to pay to and provide the Executive with the benefits provided in Sub-Paragraphs 7(b)(i) and (vii) above. As of the Termination Date, all unvested equity or cash-based long-term incentive awards shall be forfeited, and any vested stock options shall remain exercisable for such period as specified in the applicable stock plan or award agreement.
Termination Due to Resignation. Executive may resign his or her employment at any time by giving 90 days written notice of resignation to Employer. Except as otherwise set forth in this Agreement, Executive's employment, and Executive's right to receive compensation and benefits from Employer, will terminate upon the effective date of Executive's termination. If Executive resigns pursuant to this Section 6(a), Employer's only remaining financial obligation to Executive under this Agreement will be to pay: (i) any earned but unpaid Base Salary through the date of termination, (ii) all vested stock options shall remain exercisable until the later of (A) 90 days following the date of termination or (B) the 45th day following the first day on or after the date of termination on which Executive is not subject to a trading "blackout" imposed by the Company and may sell the shares acquired upon option EMPLOYMENT AGREEMENT Rene Lerer exercise without violation of Rule 10b-5 under the Sexxxxxxxx Xxchange Act of 1934, (iii) any other amounts earned, accrued or owing to Executive but not yet paid, and (iv) other payments, entitlements or benefits, if any, that are payable in accordance with applicable plans, programs, arrangements or other agreements of the Company or any affiliate.
