Common use of Voluntary Termination by Executive Without Good Reason Clause in Contracts

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment without Good Reason upon sixty (60) days’ prior written notice. In any such event, after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation to pay Executive after the effective date of such termination his Accrued Benefits. For the avoidance of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f).

Appears in 15 contracts

Samples: Employment Agreement (Bluerock Residential Growth REIT, Inc.), Employment Agreement (Bluerock Residential Growth REIT, Inc.), Employment Agreement (Bluerock Residential Growth REIT, Inc.)

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Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his Executive’s employment without Good Reason upon sixty (60) days’ prior written notice. In any such event, after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for that the obligation REIT Operator shall pay or provide to pay Executive after the effective date of such termination his Accrued Benefits. For Otherwise, the avoidance of doubt, Non-Renewal by Executive Company shall constitute a termination have no further liability or obligation under this Section 5(f)Agreement to Executive.

Appears in 5 contracts

Samples: Severance Protection Agreement (Broadstone Net Lease, Inc.), Employment Agreement (Broadstone Net Lease, Inc.), Employment Agreement (Broadstone Net Lease, Inc.)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment this Agreement without Good Reason upon sixty by providing thirty (6030) days’ prior days written notice. In any such event, after the effective date of such termination, no further payments or benefits Executive shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation entitled to pay Executive after or pay in lieu of notice, and the effective date other compensation as would be payable in the event of such termination his Accrued Benefits. For the avoidance of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)without Cause.

Appears in 4 contracts

Samples: Employment Agreement (Know Labs, Inc.), Employment Agreement (Know Labs, Inc.), Employment Agreement (Know Labs, Inc.)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment without Good Reason during the Term upon sixty (60) days’ at least 30 days prior written noticenotice to the Board. In Except upon Executive's voluntary termination "With Good Reason" (as defined below), Executive shall have no right to receive any such event, after the effective date of such termination, no further payments compensation or benefits shall be due under this Agreement and all then unvested awards or benefits otherwise upon his voluntary termination of employment, except any Accrued Obligations, provided, however, that any unpaid Annual Bonus as of the date of termination shall be forfeited, except for . The Bank may accelerate the obligation to pay Executive after the effective date of such termination his Accrued Benefits. For the avoidance upon receipt of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)written notice of Executive's voluntary termination.

Appears in 4 contracts

Samples: Employment Agreement (Orange County Bancorp, Inc. /DE/), Employment Agreement (Orange County Bancorp, Inc. /DE/), Employment Agreement (Orange County Bancorp, Inc. /DE/)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment by Company at any time without Good Reason (as defined below) upon sixty thirty (6030) calendar days’ prior advance written notice. In any such eventnotice to the Company; provided, however, that, in the event that Executive’s employment with the Company is voluntarily terminated by Executive without Good Reason, the Company shall have no further obligation hereunder from and after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for payment of the obligation to pay Executive after the effective date of such termination his Accrued Benefits. For the avoidance of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)Obligations.

Appears in 4 contracts

Samples: Executive Employment Agreement (Creatd, Inc.), Executive Employment Agreement (Creatd, Inc.), Executive Employment Agreement (Creatd, Inc.)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his or her employment without hereunder for any reason other than Executive's Good Reason as defined above, or for no reason, upon sixty thirty (6030) days’ days prior written notice. In any such eventnotice to the Company (provided that, after at the effective date of such terminationCompany's election, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation to pay Executive after the effective date of such termination his Accrued Benefits. For will become effective immediately or at such other time during such 30-day period as the avoidance of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(fCompany may elect).

Appears in 2 contracts

Samples: Executive Employment Agreement (Muzak Finance Corp), Executive Employment Agreement (Muzak Holdings LLC)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment without Good Reason during the Term upon sixty (60) days’ at least 30 days prior written noticenotice to the Board. In Except upon Executive’s voluntary termination “With Good Reason” (as defined below), Executive shall have no right to receive any such event, after the effective date of such termination, no further payments compensation or benefits shall be due under this Agreement and all then unvested awards or benefits otherwise upon his voluntary termination of employment, except any Accrued Obligations, provided, however, that any unpaid Annual Bonus as of the date of termination shall be forfeited, except for . The Bank may accelerate the obligation to pay Executive after the effective date of such termination his Accrued Benefits. For the avoidance upon receipt of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)written notice of Executive’s voluntary termination.

Appears in 2 contracts

Samples: Employment Agreement (Orange County Bancorp, Inc. /DE/), Employment Agreement (Orange County Bancorp, Inc. /DE/)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment without Good Reason during the term of this Agreement upon sixty at least thirty (6030) days’ days prior written noticenotice to the Board of Directors. In Except upon Executive’s voluntary termination “With Good Reason” (as defined below), Executive shall have no right to receive any such event, after the effective date of such termination, no further payments compensation or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeitedotherwise upon his voluntary termination of employment, except for the obligation to pay Executive after compensation or benefits that have already been earned or vested. The Bank may accelerate the effective date of such termination his Accrued Benefits. For the avoidance upon receipt of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)written notice of Executive’s voluntary termination.

Appears in 2 contracts

Samples: Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment without Good Reason upon sixty (60) 60 days’ prior written notice. In any such event, after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation to pay Executive after the effective date of such termination his Accrued Benefits. For Benefits and any earned but unpaid Annual Bonus relating to the avoidance calendar year prior to the year of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)termination.

Appears in 2 contracts

Samples: Employment Agreement (Sila Realty Trust, Inc.), Employment Agreement (Carter Validus Mission Critical REIT II, Inc.)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment without Good Reason upon sixty (60) days’ prior written notice. In any such event, after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation to pay Executive after the effective date of such termination his Accrued Benefits. For Benefits and any earned but unpaid Annual Bonus relating to the avoidance calendar year prior to the year of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)termination.

Appears in 1 contract

Samples: Employment Agreement (Jernigan Capital, Inc.)

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Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment without Good Reason upon sixty (60) days’ prior written notice. In any such event, after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation to pay Executive after the effective date of such termination his Accrued BenefitsBenefits and any earned but unpaid Annual Bonus relating to the calendar year prior to the year of termination. For the avoidance of doubt, Non-Renewal by Executive shall constitute a voluntary termination under this Section 5(f)without Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Jernigan Capital, Inc.)

Voluntary Termination by Executive Without Good Reason. Notwithstanding anything to the contrary in this Agreement, whether express or implied, Executive may voluntarily at any time terminate his employment for any reason by giving the Company 14 days prior written notice of the effective date of termination. In the event that Executive's employment with the Company is voluntarily terminated by Executive without Good Reason upon sixty (60) days’ prior written notice. In as defined below), neither Executive nor the Company shall have any such event, further obligations hereunder from and after the effective date of such termination, no further payments or benefits except that the Company shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation make Contract Payments to pay Executive after the effective date of such termination his Accrued Benefits. For the avoidance of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)Executive.

Appears in 1 contract

Samples: Employment Agreement (Health Systems International Inc)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his employment without Good Reason upon sixty (60) days’ prior written notice. In any such event, after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation to pay Executive after the effective date of such termination his Accrued Benefits. For the avoidance of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f4(f).

Appears in 1 contract

Samples: Employment Agreement (Bluerock Residential Growth REIT, Inc.)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his Executive’s employment without Good Reason upon sixty (60) 60 days’ prior written notice. In any such event, after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation to pay Executive after the effective date of such termination his Executive’s Accrued Benefits. For the avoidance of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f).

Appears in 1 contract

Samples: Employment Agreement (Steadfast Apartment REIT, Inc.)

Voluntary Termination by Executive Without Good Reason. Executive may voluntarily terminate his her employment without Good Reason upon sixty (60) 60 days’ prior written notice. In any such event, after the effective date of such termination, no further payments or benefits shall be due under this Agreement and all then unvested awards or benefits shall be forfeited, except for the obligation to pay Executive after the effective date of such termination his her Accrued Benefits. For Benefits and any earned but unpaid Annual Bonus relating to the avoidance calendar year prior to the year of doubt, Non-Renewal by Executive shall constitute a termination under this Section 5(f)termination.

Appears in 1 contract

Samples: Employment Agreement (Carter Validus Mission Critical REIT II, Inc.)

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