Common use of Voluntary Resignation without Good Reason Clause in Contracts

Voluntary Resignation without Good Reason. Executive may terminate Executive’s employment by providing Employer with 30 days’ advance written notice. If Executive terminates Executive’s employment (other than for Good Reason (either prior to or within 12 months following a Change in Control) or by reason of Disability, each as defined below) (i) Employer shall pay to Executive the Accrued Obligations (as defined below), (ii) Executive’s participation in the Benefit Plans shall terminate as of the Termination Date, and (iii) Employer shall have no other obligations to Executive under this Agreement, other than those provided in this Section 5.1. (a) For purposes of this Agreement, “Accrued Obligations” means: (i) Executive’s earned and unpaid Base Salary through the Termination Date; (ii) reimbursement for any reimbursable business expenses incurred by Executive through the Termination Date in accordance with Section 4.4; and (iii) Executive’s accrued but unused paid time off as of the Termination Date. The amounts payable pursuant to clauses (i) and (iii) hereof shall be paid no later than sixty (60) days following Executive’s Termination Date.

Appears in 3 contracts

Samples: Employment Agreement (Applied Genetic Technologies Corp), Employment Agreement (Applied Genetic Technologies Corp), Employment Agreement (Applied Genetic Technologies Corp)

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Voluntary Resignation without Good Reason. Executive may terminate Executive’s employment by providing Employer with 30 days’ advance written notice. If Executive terminates Executive’s employment (other than for Good Reason (either prior to or within 12 months following a Change in Control) good reason or by reason of Disability, each as defined below) (i) Employer shall pay to Executive the Accrued Obligations (as defined below), (ii) Executive’s participation in the Benefit Plans shall terminate as of the Termination Date, and (iii) Employer shall have no other obligations to Executive under this Agreement, other than those provided in this Section 5.1. (a) For purposes of this Agreement, “Accrued Obligations” means: (i) Executive’s earned and unpaid Base Salary through the Termination Date; (ii) reimbursement for any reimbursable business expenses incurred by Executive through the Termination Date in accordance with Section 4.4; and (iii) Executive’s accrued but unused paid time off as of the Termination Date. The amounts payable pursuant to clauses (i) and (iii) hereof shall be paid no later than sixty (60) days following Executive’s Termination Date.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Applied Genetic Technologies Corp), Employment Agreement (Applied Genetic Technologies Corp)

Voluntary Resignation without Good Reason. Executive may terminate Executive’s employment by providing Employer with 30 days’ advance written notice. If Executive terminates Executive’s employment (other than for Good Reason (either prior to or within 12 months following a Change in Control) good reason or by reason of Disability, each as defined below) (i) Employer shall pay to Executive the Accrued Obligations (as defined below), (ii) Executive’s participation in the Benefit Plans shall terminate as of the Termination Date, and (iii) Employer shall have no other obligations to Executive under this Agreement, other than those provided in this Section 5.15.01. (a) For purposes of this Agreement, “Accrued Obligations” means: (i) Executive’s earned and unpaid Base Salary through the Termination Date; (ii) reimbursement for any reimbursable business expenses incurred by Executive through the Termination Date in accordance with Section 4.44.05; and (iii) Executive’s accrued but unused paid vacation time off as of the Termination Date. The amounts payable pursuant to clauses (i) and (iii) hereof shall be paid no later than sixty (60) days following Executive’s Termination Date.

Appears in 2 contracts

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

Voluntary Resignation without Good Reason. Executive may terminate Executive’s 's employment by providing Employer with 30 days' advance written notice. If Executive terminates Executive’s 's employment (other than for Good Reason (either prior to or within 12 months following a Change in Control) good reason or by reason of Disability, each as defined below) (i) Employer shall pay to Executive the Accrued Obligations (as defined below), (ii) Executive’s 's participation in the Benefit Plans shall terminate as of the Termination Date, and (iii) Employer shall have no other obligations to Executive under this Agreement, other than those provided in this Section 5.15.01. (a) For purposes of this Agreement, "Accrued Obligations" means: (i) Executive’s 's earned and unpaid Base Salary through the Termination Date; (ii) reimbursement for any reimbursable business expenses incurred by Executive through the Termination Date in accordance with Section 4.44.05; and (iii) Executive’s 's accrued but unused paid vacation time off as of the Termination Date. The amounts payable pursuant to clauses (i) and (iii) hereof shall be paid no later than sixty (60) days following Executive’s 's Termination Date.

Appears in 2 contracts

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

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Voluntary Resignation without Good Reason. Executive may terminate Executive’s 's employment by providing Employer with 30 days' advance written notice. If Executive terminates Executive’s 's employment (other than for Good Reason (either prior to or within 12 months following a Change in Control) good reason or by reason of Disability, each as defined below) (i) Employer shall pay to Executive the Accrued Obligations (as defined below), (ii) Executive’s 's participation in the Benefit Plans shall terminate as of the Termination Date, and (iii) Employer shall have no other obligations to Executive under this Agreement, other than those provided in this Section 5.15.01. (a) For purposes of this Agreement, "Accrued Obligations" means: (i) Executive’s 's earned and unpaid Base Salary through the Termination Date; (ii) reimbursement for any reimbursable business expenses incurred by Executive through the Termination Date in accordance with Section 4.44.05; and (iii) Executive’s 's accrued but unused paid vacation time off as of the Termination Date. The amounts payable pursuant to clauses (i) and (iii) hereof hereunder shall be paid no later than sixty (60) days following Executive’s 's Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Macrogenics Inc)

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