Common use of TERMINATION WITHOUT CAUSE; VOLUNTARY RESIGNATION Clause in Contracts

TERMINATION WITHOUT CAUSE; VOLUNTARY RESIGNATION. If the Company terminates the Executive's employment without Cause, the Executive shall be entitled to the severance benefits set forth in paragraph 4(e). The Executive may voluntarily terminate his employment without Good Reason prior to the expiration of the term of this Agreement, and in such event, unless the voluntary resignation is pursuant to clause (vi) in the definition of "Good Reason" in which case the provisions of Paragraphs 4(b) and 4(e) shall apply, the Executive's rights to further Base Salary payments and Annual Bonus (except, if the Termination Date occurs before the Annual Bonus for any preceding year has been paid, the Company shall pay to the Executive the amount of the Executive's Annual Bonus for the preceding year when and as it would have been paid if the Executive had remained employed by the Company) shall terminate on the effective date of such resignation, the Executive's rights to other compensation and benefits shall be determined under the benefit plans and policies applicable to the Company's executives as then in effect, and the Executive shall continue to be obligated under Sections 9, 11 and 12 hereof.