Common use of Voluntary Resignation Clause in Contracts

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all accrued but unpaid Annual Salary, including Annual Salary in respect of any accrued and accumulated but unpaid vacation, due to Employee at the date of such termination.

Appears in 7 contracts

Samples: Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.)

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Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute a Change in Control Involuntary Termination or an Other Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, benefits or option equity award acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will shall receive payment(s) for all salary, bonuses and unpaid vacation accrued but unpaid Annual Salary, including Annual Salary in respect as of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationEmployee’s termination of employment.

Appears in 6 contracts

Samples: Management Continuity Agreement (Assertio Holdings, Inc.), Management Continuity Agreement (Assertio Therapeutics, Inc), Management Continuity Agreement (Depomed Inc)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do (the Employee's employment does not constitute an end by reason of Involuntary Termination), then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) payment for all accrued but unpaid Annual Salary, including Annual Salary in respect salary as of any accrued and accumulated but unpaid vacation, due to Employee at the date of Employee's termination of employment and Employee's benefits will be continued under the Company's then existing benefit plans and policies in accordance with such terminationplans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 6 contracts

Samples: Management Continuity and Severance Agreement (Dynavax Technologies Corp), Management Continuity and Severance Agreement (Dynavax Technologies Corp), Management Continuity and Severance Agreement (Dynavax Technologies Corp)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do Employee's employment terminates by reason of Employee's voluntary resignation (and is not constitute an Involuntary TerminationTermination or a Termination for Cause), then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture payments. Employee's benefits will be continued under the Company's then existing benefit plans and transfer restrictions. Employee will receive payment(s) for all accrued but unpaid Annual Salary, including Annual Salary policies in respect of any accrued accordance with such plans and accumulated but unpaid vacation, due to Employee at policies in effect on the date of such terminationtermination and in accordance with the terms of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Visual Numerics Inc), Employment Agreement (Visual Numerics Inc), Employment Agreement (Visual Numerics Inc)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all salary and bonuses accrued but unpaid Annual Salary, including Annual Salary in respect as of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationEmployee’s termination of employment.

Appears in 5 contracts

Samples: Management Retention Agreement (Heron Therapeutics, Inc. /De/), Management Retention Agreement (Ap Pharma Inc /De/), Management Retention Agreement (Ap Pharma Inc /De/)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, benefits or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all salary, bonuses and unpaid vacation accrued but unpaid Annual Salary, including Annual Salary in respect as of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationEmployee’s termination of employment.

Appears in 4 contracts

Samples: Management Continuity Agreement (Depomed Inc), Management Continuity Agreement (Depomed Inc), Management Continuity Agreement (Depomed Inc)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do (the Employee’s employment does not constitute an end by reason of Involuntary Termination), then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) payment for all accrued but unpaid Annual Salary, including Annual Salary in respect salary as of any accrued and accumulated but unpaid vacation, due to Employee at the date of Employee’s termination of employment and Employee’s benefits will be continued under the Company’s then existing benefit plans and policies in accordance with such terminationplans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 4 contracts

Samples: Management Continuity and Severance Agreement (Dynavax Technologies Corp), Management Continuity and Severance Agreement (Dynavax Technologies Corp), Management Continuity and Severance Agreement (Dynavax Technologies Corp)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all salary accrued but unpaid Annual Salary, including Annual Salary in respect as of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationEmployee’s termination of employment.

Appears in 4 contracts

Samples: Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute (other than as an Involuntary TerminationTermination (as defined below)), then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture benefits under this Agreement. Employee’s benefits will be terminated and/or paid out under the Company’s then existing benefit plans and transfer restrictions. Employee will receive payment(s) for all accrued but unpaid Annual Salary, including Annual Salary policies in respect of any accrued accordance with such plans and accumulated but unpaid vacation, due to Employee at policies in effect on the date of such termination.

Appears in 2 contracts

Samples: Change of Control Agreement (Integrated Device Technology Inc), Change of Control Agreement (Integrated Device Technology Inc)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute a Change in Control Involuntary Termination or an Other Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, benefits or option equity award acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will shall receive payment(s) for all accrued but unpaid Annual Salary, including Annual Salary in respect of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationAccrued Benefits.

Appears in 2 contracts

Samples: Management Continuity Agreement (Assertio Holdings, Inc.), Management Continuity Agreement (Assertio Holdings, Inc.)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all accrued but unpaid SD\1549610.2 Annual Salary, including Annual Salary in respect of any accrued and accumulated but unpaid vacation, due to Employee at the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Apricus Biosciences, Inc.)

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Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all salary, bonuses and unpaid vacation accrued but unpaid Annual Salary, including Annual Salary in respect as of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationEmployee’s termination of employment.

Appears in 1 contract

Samples: Management Retention Agreement (Ap Pharma Inc /De/)

Voluntary Resignation. If Employee’s employment terminates by reason of Employee’s voluntary resignation (and is not a resignation for Good Reason, Employer’s total liability to Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Terminationshall be limited to payment of any due but unpaid base salary and Annual Bonus and accrued vacation, then and Employee shall not be entitled to receive payment of any further compensation or benefits provided under this Agreement, including, without limitation, any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all accrued but unpaid Annual Salary, including Annual Salary in respect of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationpayments.

Appears in 1 contract

Samples: Employment Agreement (Willis Lease Finance Corp)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do Employee's employment terminates by reason of Employee's voluntary resignation (and is not constitute an Involuntary TerminationTermination or a termination for Cause), then Employee shall receive no severance payment. In addition, Employee shall not be entitled to receive payment of any other benefits except for those (if any) to which Employee may be entitled under this Agreement or any separate agreement with Employer or as may then be established under Employer's then existing benefit plans and policies, other than severance benefitsplans, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all accrued but unpaid Annual Salary, including Annual Salary in respect of any accrued and accumulated but unpaid vacation, due to Employee effect at the date time of such termination.

Appears in 1 contract

Samples: Employment Agreement (Catalyst Semiconductor Inc)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Termination, then Employee shall not be entitled to receive payment of any severance benefits, benefits or option equity award acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all salary, bonuses and unpaid vacation accrued but unpaid Annual Salary, including Annual Salary in respect as of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationEmployee’s termination of employment.

Appears in 1 contract

Samples: Management Continuity Agreement (Depomed Inc)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do (the Employee’s employment does not constitute an end by reason of Involuntary Termination), then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) payment for all accrued but unpaid Annual Salary, including Annual Salary in respect salary as of any accrued and accumulated but unpaid vacation, due to Employee at the date of Employee’s termination of employment and Employee’s benefits will be continued under the Company's then existing benefit plans and policies in accordance with such terminationplans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 1 contract

Samples: Management Continuity and Severance Agreement (Dynavax Technologies Corp)

Voluntary Resignation. If Employee voluntarily resigns from the Company under circumstances which do not constitute (other than as an Involuntary TerminationTermination (as defined below)), then Employee shall not be entitled to receive payment of any severance benefits, or option acceleration, or relinquishment of forfeiture benefits under this Agreement. Employee’s benefits will be terminated under the Company’s then existing benefit plans and transfer restrictions. Employee will receive payment(s) for all accrued but unpaid Annual Salary, including Annual Salary policies in respect of any accrued accordance with such plans and accumulated but unpaid vacation, due to Employee at policies in effect on the date of such termination.

Appears in 1 contract

Samples: Change of Control Agreement (Integrated Device Technology Inc)

Voluntary Resignation. If Employee’s employment terminates by reason of Employee’s voluntary resignation (and is not a resignation for Good Reason), Employer’s total liability to Employee voluntarily resigns from the Company under circumstances which do not constitute an Involuntary Terminationshall be limited to payment of any due but unpaid base salary and Annual Bonus and accrued vacation, then and Employee shall not be entitled to receive payment of any further compensation or benefits provided under this Agreement, including, without limitation, any severance benefits, or option acceleration, or relinquishment of forfeiture and transfer restrictions. Employee will receive payment(s) for all accrued but unpaid Annual Salary, including Annual Salary in respect of any accrued and accumulated but unpaid vacation, due to Employee at the date of such terminationpayments.

Appears in 1 contract

Samples: Employment Agreement (Willis Lease Finance Corp)

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