Common use of Voluntary or Mutual Termination Clause in Contracts

Voluntary or Mutual Termination. In the event Executive terminates Executive’s employment other than for Good Reason, or in the event that Executive’s employment terminates at the parties’ mutual agreement, Executive will be entitled to payment of all accrued salary and accrued and unused vacation, but Executive will not be entitled to Severance Benefits, pay in lieu of notice, or any other such compensation unless required by law.

Appears in 3 contracts

Samples: Indemnity Agreement (Vaxgen Inc), Indemnity Agreement (Vaxgen Inc), Indemnity Agreement (Vaxgen Inc)

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Voluntary or Mutual Termination. In the event Executive terminates Executive’s employment other than for Good Reasonher employment, or in the event that Executive’s 's employment terminates at the parties' mutual agreement, Executive will be entitled to payment of all accrued salary and accrued and unused vacation, but Executive will not be entitled to Severance Benefits, pay in lieu of notice, or any other such compensation unless required by lawcompensation.

Appears in 1 contract

Samples: Executive Employment Agreement (Vaxgen Inc)

Voluntary or Mutual Termination. In the event Executive terminates Executive’s his employment other than for Good Reason, or in the event that Executive’s employment terminates at the parties’ mutual agreement, Executive will be entitled to payment of all accrued salary and accrued and unused vacation, but Executive will not be entitled to Severance Benefits, pay in lieu of notice, or any other such compensation unless required by lawcompensation.

Appears in 1 contract

Samples: Executive Employment Agreement (Vaxgen Inc)

Voluntary or Mutual Termination. In the event Executive terminates Executive’s employment other than for Good Reasonhis employment, or in the event that Executive’s employment terminates at the parties’ mutual agreement, Executive will be entitled to payment of all accrued salary and accrued and unused vacation, but Executive will not be entitled to Severance Benefits, pay in lieu of notice, or any other such compensation unless required by law.compensation. (e)

Appears in 1 contract

Samples: Executive Employment Agreement (Vaxgen Inc)

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Voluntary or Mutual Termination. In the event Executive terminates Executive’s employment other than for Good Reason, or in the event that Executive’s employment terminates at the parties’ mutual agreement, Executive will be entitled to payment of all accrued salary and accrued and unused vacation, but Executive will not be entitled to Severance Benefits, pay in lieu of notice, or any other such compensation unless required by lawcompensation.

Appears in 1 contract

Samples: Executive Employment Agreement (Vaxgen Inc)

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