Voluntary Resignation by Executive Without Good Reason. In the event Executive’s resignation is without Good Reason, Executive shall be entitled to receive the Standard Entitlements (to be paid within 30 days following such resignation or earlier as required by law), but shall not be entitled to receive (i) the Severance Payment or the Accelerated Vesting and Extended Exercise Period Severance Benefit or any portion thereof, or (ii) any further vesting of stock options; and all other obligations of Employer to Executive pursuant to this Agreement shall automatically terminate and be completely extinguished.
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Samples: Employment Agreement (Sphere 3D Corp), Employment Agreement (Overland Storage Inc), Employment Agreement (Overland Storage Inc)
Voluntary Resignation by Executive Without Good Reason. In the event Executive’s resignation is without Good Reason, Executive shall be entitled to receive the Standard Entitlements (to be paid within 30 days following such resignation or earlier as required by law), but shall not be entitled to receive (i) the Severance Payment or the Accelerated Vesting and Extended Exercise Period Severance Benefit or any portion thereof, or (ii) any further vesting of stock options; and all other obligations of Employer to Executive pursuant to this Agreement shall automatically terminate and be completely extinguished.
Appears in 2 contracts
Samples: Employment Agreement (Overland Storage Inc), Employment Agreement (Overland Storage Inc)
Voluntary Resignation by Executive Without Good Reason. In the event that Executive’s resignation is without Good Reason, Executive shall will be entitled to receive the Standard Entitlements (to be paid within 30 days following such resignation or earlier as required by law)Entitlements, but Executive shall not be entitled to receive (i) the Severance Payment or the Accelerated Vesting and Extended Exercise Period Severance Benefit Payment, or any portion part thereof, (ii) any unearned bonus amounts or (iiiii) any further vesting of stock options; and all other obligations of Employer to Executive pursuant to this Agreement shall automatically terminate and be completely extinguished.
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