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

Termination of Employment by the Executive. 6.1 The Executive may terminate his employment with the Company at any time for any reason by providing not less than twelve (12) months written notice to the Company.

Appears in 3 contracts

Samples: Employment Agreement (Ia Global Inc), Employment Agreement (Ia Global Inc), Employment Agreement (Ia Global Inc)

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Termination of Employment by the Executive. 6.1 The A. Notwithstanding the provisions of Section 2 of this Agreement, the Executive may terminate his employment with the Company this Agreement at any time for any reason by providing not less than twelve (12) months giving the Board of Directors written notice of his intent to terminate, delivered at least sixty (60) days prior to the Companyeffective date of such termination. Upon expiration of the sixty (60) day notice period (or such earlier date as may be approved by the Board of Directors), the termination by the Executive shall become effective.

Appears in 3 contracts

Samples: Executive Employment Agreement (Phoenix Color Corp), Executive Employment Agreement (Phoenix Color Corp), Executive Employment Agreement (Phoenix Color Corp)

Termination of Employment by the Executive. 6.1 The Executive may voluntarily terminate his employment with during the Company Term of Employment (other than for death or Disability) by giving at any time for any reason by providing not less than twelve (12) months least 30 days prior written notice to the CompanyCompany in accordance with Section 20 below. The Executive's employment shall terminate upon the date specified in his notice of termination. Thereafter, the Executive shall thereupon be entitled to the same payments and benefits as provided in Section 6(c)(i)-(iv) above. All unexercised or unvested options shall be subject to the terms and conditions of their grant and the Plan.

Appears in 2 contracts

Samples: Separation Agreement and General Release (Andrea Electronics Corp), Separation Agreement and General Release (Andrea Electronics Corp)

Termination of Employment by the Executive. 6.1 The Executive may voluntarily terminate his employment with during the Company Term of Employment (other than for death or Disability) by giving at any time for any reason by providing not less than twelve (12) months least 30 days prior written notice to the CompanyCompany in accordance with Section 20 below. The Executive’s employment shall terminate upon the date specified in his notice of termination. Thereafter, the Executive shall thereupon be entitled to the same payments and benefits as provided in Section 6(c) above. All unexercised or unvested options shall be subject to the terms and conditions of their grant and the Plan.

Appears in 2 contracts

Samples: Separation Agreement and General Release (Andrea Electronics Corp), Separation Agreement and General Release (Andrea Electronics Corp)

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Termination of Employment by the Executive. 6.1 The Executive may terminate his the Executive’s employment with the Company or without Good Reason at any time for any reason by providing not less than twelve (12) months written notice to the CompanyCompany as provided in Section 18. Upon the Executive’s termination without Good Reason (other than upon death or Disability), (i) any unvested portions of the Initial Grant will be immediately forfeited and (ii) all of the Executive’s vested Option Rights, if any, shall remain exercisable in accordance with their terms, but in all events for at least 90 days following the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (HealthMarkets, Inc.), Employment Agreement (HealthMarkets, Inc.)

Termination of Employment by the Executive. 6.1 The Executive may terminate this Agreement and resign his employment with the Company at any time and for any reason reason, by providing not less than twelve (12) months giving written notice thereof to the CompanyChief Executive Officer at least thirty (30) days prior to the effective date of resignation. Upon the Executive providing the Company with written notice of his resignation, the Company may at its option elect to have the Executive cease to provide services immediately; provided that, the Executive shall be paid his Base Salary and any other compensation to which he becomes entitled during that notice period.

Appears in 1 contract

Samples: Executive Employment Agreement (Ebenx Inc)

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