Common use of Termination of Employment by the Employee Clause in Contracts

Termination of Employment by the Employee. Notwithstanding Section 6(a) above, except as otherwise provided in the Severance Plan for a resignation of employment for Good Reason, the Employee may terminate his or her employment at any time, upon not less than thirty (30) days’ prior written notice to the Company (the “Notice Period”). At any time during the Notice Period, the CEO may (in his or her sole and absolute discretion) (i) relieve the Employee of the Employee’s duties and responsibilities (in whole or part), (ii) place the Employee on paid leave-of-absence status, (iii) impose conditions with respect to attending or remaining away from the Company’s place(s) of business, or (iv) accelerate the Employee’s termination date, in which case the Company shall pay the applicable amount of the Employee’s Base Salary in a lump sum for the remainder of the Notice Period.