VOLUNTARILY BY EMPLOYEE Clause Samples
VOLUNTARILY BY EMPLOYEE. In the event Employee elects to voluntarily terminate his/her employment pursuant to notice as provided herein, Company shall pay Employee the prorated compensation through the date of termination and any unexercised stock options (whether vested or not) held by Employee shall automatically expire and automatically be deemed terminated and of no further force and effect upon such notice of voluntary termination. Upon payment by Company of such prorated compensation, Company shall be relieved of all further obligations to Employee under this Agreement. In such event, Employee will be bound by the provisions of Sections 5 and 6 hereof.
VOLUNTARILY BY EMPLOYEE. Employee may, at his option, terminate his employment under this Agreement at any time upon ninety (90) days prior written notice to Employer. If Employee voluntarily terminates employment with Employer, then Employee shall receive only (i) his Base Salary and benefits earned but unpaid up to the date of termination of employment, (ii) two weeks salary, calculated based on Employee's salary then in effect at the time of termination of employment, (iii) the prorated portion of any bonuses earned but unpaid at the time of termination of employment, calculated in accordance with subsection (a)(ii) above; and, if Employee voluntarily terminates his employment pursuant to Section 20, Employee shall also be entitled to retain any exercisable stock options.
VOLUNTARILY BY EMPLOYEE. If Employee terminates his employment voluntarily and without Good Reason and prior to the Effective Date of a Change in Control, he shall be entitled to no benefits under this Agreement.
VOLUNTARILY BY EMPLOYEE. Employee may terminate this Agreement prior to the expiration of the Term at any time upon notice to Employer. Such voluntary termination, for reasons other than Employee commencing regular, full-time employment, shall terminate all compensation and benefits provided in Paragraphs 3 and 5 of this Agreement.
VOLUNTARILY BY EMPLOYEE. Employee may terminate his employment and the Employment Term under this Agreement by providing thirty (30) days' notice to the Company in which event salary payments under Paragraph 2 shall immediately cease and Employee shall be entitled only to those benefits as are specifically provided under the terms of the particular benefit plans or programs in which the Employee is participating.
VOLUNTARILY BY EMPLOYEE. Employee may terminate his employment under this Agreement prior to the conclusion of the term of this Agreement at any time upon reasonable notice to Employer. At such time, Employee will be entitled to Retire hereunder. (4) AUTOMATICALLY, BY EMPLOYEE COMMENCING REGULAR, FULL-TIME EMPLOYMENT PRIOR TO TERMINATION OF AGREEMENT. In the event Employee commences regular, full-time employment prior to April 30, 2003, (and not by reason of termination of employment by Employer under Section 12b. above), this Agreement shall terminate (subject to the survival provisions in Paragraph 23), and Employer shall be obligated to make such payments and provide such coverages or benefits as follows:
VOLUNTARILY BY EMPLOYEE. Employee may terminate her employment hereunder at any time upon 45 days' prior written notice to Quarterdeck. Quarterdeck shall pay to Employee, upon Employee's termination, the unpaid Annual Base Salary to which she is entitled pursuant to subsection 3(a) prorated through Employee's termination.
VOLUNTARILY BY EMPLOYEE. If Employee terminates his employment voluntarily, Employee shall be entitled to the severance benefits provided in Paragraph 4, supplemental retirement benefits provided in Paragraph 5 and the additional medical benefits provided in Paragraph 6.
VOLUNTARILY BY EMPLOYEE. Employee may terminate Employee's ----------------------- employment under this Agreement upon fifteen (15) days notice to the Company. Upon the date of such termination, (i) the Company shall pay Employee any earned and unpaid salary, prorated through the date of such termination, and (ii) Employee shall be entitled to a Severance Benefit equal to the product of: (A) Two Hundred Twenty-Five Thousand Dollars ($225,000); multiplied by (B) a fraction the numerator of which is equal to the number of calendar days from the beginning of the Term through the date of Employee's termination and the denominator of which is equal to One Hundred Sixty-Six (166). The Severance Benefit shall be paid in the form of salary continuation during the number of successive pay dates necessary to pay the aggregate amount of the Severance Benefit in accordance with the Company's then existing payroll practices and shall include the continuation throughout such period of all benefits then currently enjoyed by the Employee provided that such benefits are also available to full time employees of the Company, including but not limited to health, life and disability coverage. Upon termination pursuant to this subsection, all shares of Restricted Stock that are not then vested shall be immediately forfeited back to the Company. Notwithstanding any of the foregoing, the covenants contained in Sections 8, 9, 10, 11, 13, 14, 15, 16, 17, and 19 hereof shall survive the termination of Employee's employment under this Agreement.