Common use of Voluntary Resignation by Executive Clause in Contracts

Voluntary Resignation by Executive. In the event that Executive voluntarily terminates his employment with the Company, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all options shall cease on the date of such termination.

Appears in 7 contracts

Samples: Employment Agreement (Newlink Genetics Corp), Employment Agreement (Newlink Genetics Corp), Employment Agreement (Newlink Genetics Corp)

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Voluntary Resignation by Executive. In the event that Executive voluntarily terminates his employment with the CompanyCompany (other than for Good Reason (as defined below)), the Company’s obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, vacation and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options or restricted stock shall cease on the date of such termination.

Appears in 4 contracts

Samples: Employment Agreement (Allos Therapeutics Inc), Employment Agreement (Allos Therapeutics Inc), Employment Agreement (Allos Therapeutics Inc)

Voluntary Resignation by Executive. In the event that the Executive voluntarily terminates his employment with the CompanyCompany (other than for Good Reason as defined below), the Company’s 's obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, personal time and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all options any unvested Options shall cease on the date of such termination.

Appears in 3 contracts

Samples: Employment Agreement (Allos Therapeutics), Employment Agreement (Allos Therapeutics), Employment Agreement (Allos Therapeutics)

Voluntary Resignation by Executive. In the event that Executive voluntarily terminates his employment with the Company, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacationpersonal time, and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any stock options granted to Executive shall cease on the date of such termination.

Appears in 3 contracts

Samples: Employment Agreement (Tapestry Pharmaceuticals, Inc), Employment Agreement (Tapestry Pharmaceuticals, Inc), Employment Agreement (Tapestry Pharmaceuticals, Inc)

Voluntary Resignation by Executive. In If the event that Executive voluntarily terminates his employment with other than for Good Reason during the CompanyTerm, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall have no further obligations or liabilities under the Agreement (including, without limitation, Section 3 hereof) except to pay to the Executive any salary earned but that portion, if any, of the Base Salary that remains unpaid for the period prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all options shall cease on the date of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Vaccinogen Inc), Employment Agreement (Vaccinogen Inc)

Voluntary Resignation by Executive. In the event that the Executive voluntarily terminates his employment with the CompanyCompany (other than for Good Reason as defined below), the Company’s 's obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, personal time and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options shall cease on the date of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Allos Therapeutics), Employment Agreement (Allos Therapeutics Inc)

Voluntary Resignation by Executive. In the event that Executive voluntarily terminates his employment with the CompanyCompany (other than for Good Reason (as defined below)), the Company’s obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, vacation and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options shall cease on the date of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Allos Therapeutics Inc), Employment Agreement (Allos Therapeutics Inc)

Voluntary Resignation by Executive. In the event that the Executive voluntarily voluntary terminates his employment with the Company, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses referred to in paragraph 6(b) that were incurred but not reimbursed as of the date of termination. Vesting of all options the Option Shares shall cease on the date of such termination.

Appears in 1 contract

Samples: Executive Employment Agreement (ML Capital Group, Inc.)

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Voluntary Resignation by Executive. In the event that Executive voluntarily terminates his employment with the CompanyCompany (other than for Good Reason), the Company’s 's obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, vacation and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options shall cease on the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Allos Therapeutics Inc)

Voluntary Resignation by Executive. In the event that Executive voluntarily terminates his employment with the CompanyCompany (other than for Good Reason (as defined in paragraph 10(b) below)), the Company’s 's obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, vacation and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options shall cease on the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Allos Therapeutics Inc)

Voluntary Resignation by Executive. In the event that Executive voluntarily terminates his employment with the CompanyCompany other than for Good Reason (defined below), the Company’s obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all options shall cease on the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Danger Inc)

Voluntary Resignation by Executive. In the event that Executive voluntarily terminates his employment with the CompanyCompany (other than for Good Reason (as defined below)), the Company’s obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Executive any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, vacation and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options and/or other stock awards shall cease on the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Allos Therapeutics Inc)

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