Termination on Resignation. Executive may terminate this -------------------------- Agreement by giving Employer three (3) months' prior written notice of his resignation. In the event Executive resigns under this Section 9(b), he shall be entitled to receive three (3) months' basic salary due under Section 6(a), and any bonus due under Section 6(b) will be prorated through the date of his resignation.
Appears in 1 contract
Samples: Employment Agreement (Anchor Pacific Underwriters Inc)
Termination on Resignation. Executive may terminate this -------------------------- Agreement by giving Employer three four (34) months' prior written notice of his resignation. In the event Executive resigns under this Section 9(b), he shall be entitled to receive three four (34) months' basic salary due under Section 6(a), and any bonus due under Section 6(b) will be prorated through the date of his resignation."
6. Section 13 of the Agreement is hereby deleted in its entirety and replaced with the following Section 13:
Appears in 1 contract
Samples: Employment Agreement (Anchor Pacific Underwriters Inc)
Termination on Resignation. Executive may terminate this -------------------------- Agreement by giving Employer three two (32) months' prior written notice of his resignation. In the event Executive resigns under this Section 9(b), on the date of termination he shall be entitled to receive three (3two(2) months' basic salary due under Section 6(a), and any bonus due under Section 6(b) will be prorated through the date of his resignation.
Appears in 1 contract
Samples: Employment Agreement (Anchor Pacific Underwriters Inc)
Termination on Resignation. Executive may terminate this Agreement -------------------------- Agreement by giving Employer three four (34) months' prior written notice of his resignation. In the event Executive resigns under this Section 9(b), he shall be entitled to receive three four (34) months' basic salary due under Section 6(a), and any bonus due under Section 6(b) will be prorated through the date of his resignation.
Appears in 1 contract
Samples: Employment Agreement (Anchor Pacific Underwriters Inc)
Termination on Resignation. Executive may terminate this -------------------------- Agreement by giving Employer three six (36) months' prior written notice of his resignation. In the event Executive resigns under this Section 9(b), he shall be entitled to receive three six (36) months' basic salary due under Section 6(a), and any bonus due under Section 6(b) will be prorated through the date of his resignationresignation and unvested stock options granted under Section 6(c) shall be treated in the manner provided for in the Plan.
Appears in 1 contract
Samples: Employment Agreement (Anchor Pacific Underwriters Inc)