Common use of Termination Due to Voluntary Resignation Clause in Contracts

Termination Due to Voluntary Resignation. Executive shall be entitled to terminate his employment without Good Reason by giving at least 30 days’ prior written notice to the Company, in which event the date that is 30 days after the date that Executive gives such notice shall be deemed to be the Termination Date. Upon a Termination by Executive without Good Reason, Executive shall only be entitled to the Accrued Benefits, and all unvested Options and other unvested incentive equity awards then held by Executive shall immediately expire on the Termination Date.

Termination Due to Voluntary Resignation. (1) If Executive’s employment is terminated because of a Voluntary Resignation, Executive shall will then, in lieu of any other payments of any kind (including without limitation, any severance payments), be entitled to terminate his employment without Good Reason by giving at least 30 days’ prior written notice to receive, within thirty (30) days following the CompanyDate of Termination, in which event the date that is 30 days after the date that Executive gives such notice shall be deemed to be the Termination Date. Upon a Termination by Executive without Good Reason, Executive shall only be entitled to the Accrued Benefits, and all unvested Options and other unvested incentive equity awards then held by Executive shall immediately expire on the Termination Date.following: