Common use of Voluntary Early Termination Clause in Contracts

Voluntary Early Termination. The Employee may voluntarily terminate his employment under this Agreement at any time by providing at least 30 days prior written notice to the Employer. In such event, the Employee shall be entitled to receive his base salary until the date his employment terminates, and all other benefits the Employee may have under the Employee and/or Group or senior executive benefit bonus and/or stock option plans and programs of the Employer shall be determined in accordance with the terms and conditions of such plans and programs.

Appears in 9 contracts

Samples: Employment Agreement (McKenzie Bay International), Employment Agreement (McKenzie Bay International), Employment Agreement (McKenzie Bay International LTD)

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Voluntary Early Termination. The Employee may voluntarily terminate his her employment under this Agreement at any time by providing at least 30 days prior written notice to the Employer. In such event, the Employee shall be entitled to receive his her base salary until the date his her employment terminates, and all other benefits the Employee may have under the Employee and/or Group or senior executive benefit bonus and/or stock option plans and programs of the Employer shall be determined in accordance with the terms and conditions of such plans and programs.

Appears in 1 contract

Samples: Employment Agreement (McKenzie Bay International LTD)

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