Common use of Termination for Convenience of Employee Clause in Contracts

Termination for Convenience of Employee. The Employee understands that Employee’s promise to remain employed as President for the entire Term is of the essence of this Agreement to the Employer. The Employee also understands that Employer is making a highly valuable investment in Employee’s continued employment by entering into this Agreement and that its investment would be lost were Employee to resign or otherwise terminate employment with Employer prior to the expiration of this Agreement. In recognition of these understandings, the parties agree that while the Employee may, nevertheless, terminate this Agreement prior to its normal expiration, such termination shall be only upon the following terms and conditions:

Termination for Convenience of Employee. The Employee understands that Employee’s promise to remain employed as President for the entire Term is of the essence of this Agreement to the Employer. The Employee also understands that the Employer is making a highly valuable investment in the Employee’s continued employment by entering into this Agreement and that its investment would be lost were the Employee to resign or otherwise terminate employment with the Employer prior to the expiration of this Agreement. In recognition of these understandings, the parties agree that while the Employee may, nevertheless, terminate this Agreement prior to its normal expiration, such termination shall be only upon the following terms and conditions:

Termination for Convenience of Employee. The Employee understands that the Employee’s promise to remain employed as President for the entire Term is of the essence of this Agreement to the Employer. The Employee also understands that the Employer is making a highly valuable investment in the Employee’s continued employment by entering into this Agreement and that its investment would be lost were the Employee to resign or otherwise terminate employment with the Employer prior to the expiration of this Agreement. In recognition of these understandings, the parties agree that while the Employee may, nevertheless, terminate this Agreement prior to its normal expiration, such termination shall be only upon the following terms and conditions:

Termination for Convenience of Employee. The Employee understands that Employee’s promise to remain employed as President Chancellor for the entire Term is of the essence of this Agreement to the Employer. The Employee also understands that Employer is making a highly valuable investment in Employee’s continued employment by entering into this Agreement and that its investment would be lost were Employee to resign or otherwise terminate employment with Employer prior to the expiration of this Agreement. In recognition of these understandings, the parties agree that while the Employee may, nevertheless, terminate this Agreement prior to its normal expiration, such termination shall be only upon the following terms and conditionsconditions only: