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

Termination of Employment by the Executive. The Executive may voluntarily terminate his employment during the Term of Employment (other than for death or Disability) by giving at least 30 days prior written notice to the Company 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: Executive Employment Agreement (Andrea Electronics Corp), Executive Employment Agreement (Andrea Electronics Corp)

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Termination of Employment by the Executive. The Executive may voluntarily terminate his employment during the Term of Employment (other than for death or Disability) by giving at least 30 days prior written notice to the Company in accordance with Section 20 below. The Executive’s '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(c6(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: Executive Employment Agreement (Andrea Electronics Corp), Executive Employment Agreement (Andrea Electronics Corp)

Termination of Employment by the Executive. The Executive may voluntarily terminate his the Executive’s employment during the Term of Employment (other than for death with or Disability) without Good Reason at any time by giving at least 30 days prior written notice to the Company 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(c18. Upon the Executive’s termination without Good Reason (other than upon death or Disability), (i) above. All unexercised or any unvested options portions of the Initial Grant will be immediately forfeited and (ii) all of the Executive’s vested Option Rights, if any, shall be subject to remain exercisable in accordance with their terms, but in all events for at least 90 days following the terms and conditions date of their grant and the Plantermination.

Appears in 2 contracts

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

Termination of Employment by the Executive. The Executive may voluntarily terminate this Agreement and resign his employment during the Term of Employment (other than at any time and for death or Disability) any reason, by giving written notice thereof to the Chief Executive Officer at least 30 thirty (30) days prior to the effective date of resignation. Upon the Executive providing the Company with written notice to of his resignation, the Company in accordance with Section 20 below. The Executive’s employment shall terminate upon may at its option elect to have the date specified in his notice of termination. ThereafterExecutive cease to provide services immediately; provided that, the Executive shall thereupon be paid his Base Salary and any other compensation to which he becomes 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 Planduring that notice period.

Appears in 1 contract

Samples: Executive Employment Agreement (Ebenx Inc)

Termination of Employment by the Executive. The If the Executive may voluntarily terminate terminates his employment during the Term of Employment (without Good Reason, other than for a termination of employment due to death or Disability) by giving at least 30 days prior written notice to the Company 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(c12(b) above. All unexercised or unvested options In no event shall be subject a termination of the Executive’s employment occur unless the Executive gives at least thirty (30) calendar days advance written notice to the terms and conditions of their grant and the PlanCompany in accordance with Section 25 below.

Appears in 1 contract

Samples: Employment Agreement (Comverse Technology Inc/Ny/)

Termination of Employment by the Executive. The Executive may voluntarily terminate his Executive’s employment during by the Term of Employment Company with or without cause upon ninety (other than for death or Disability90) by giving at least 30 days prior written notice to the Company in accordance with Section 20 belowCompany. The Executive’s employment shall terminate upon Executive agrees to cooperate with the date specified in Company to minimize the effect of his notice termination on the operation 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 PlanCompany.

Appears in 1 contract

Samples: Employment Agreement (Act Teleconferencing Inc)

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Termination of Employment by the Executive. The Executive may voluntarily terminate his employment without the consent of the Company during the Term of Employment (other than for death or Disability) by giving at least 30 days prior written notice to the Company 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(c6(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 1 contract

Samples: Executive Employment Agreement (Andrea Electronics Corp)

Termination of Employment by the Executive. The Executive may voluntarily terminate his employment without the consent of the Company during the Term of Employment (other than for death or Disability) by giving at least 30 days prior written notice to the Company in accordance with Section 20 below. The Executive’s '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(c6(c)(i)-(iv) above. All unexercised or unvested options shall be subject to the terms and conditions of their grant and the Stock Plan.

Appears in 1 contract

Samples: Executive Employment Agreement (Andrea Electronics Corp)

Termination of Employment by the Executive. The Executive may voluntarily terminate his employment without the consent of the Company during the Term of Employment (other than for death or Exhibit 10.1 Disability) by giving at least 30 days prior written notice to the Company in accordance with Section 20 below. The Executive’s '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(c6(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 1 contract

Samples: Executive Employment Agreement (Andrea Electronics Corp)

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