Common use of Voluntary Termination by Officer Clause in Contracts

Voluntary Termination by Officer. The Officer may voluntarily terminate this Agreement by providing thirty days notice to Illini, in which event Illini shall have no further obligation to the Officer hereunder from the date of such termination except to pay Officer earned but unpaid salary and benefits and to honor vested option rights without imposing further condition or reduction thereof, and the Officer shall have no further obligation to Illini hereunder except the duty to not disclose Confidential Information in accordance with Section I, E.

Appears in 2 contracts

Samples: Management Continuity Agreement (Illini Corp), Management Continuity Agreement (Illini Corp)

AutoNDA by SimpleDocs

Voluntary Termination by Officer. The Officer may voluntarily terminate this Agreement by providing thirty days notice to Illini, in which event Illini shall have no further obligation to the Officer hereunder from the date of such termination except to pay Officer earned but unpaid salary and benefits and to honor vested option rights without imposing further condition or reduction thereof, and the Officer shall have no further obligation to Illini hereunder except the duty to not disclose Confidential Information in accordance with Section I, E.

Appears in 1 contract

Samples: Management Continuity Agreement (Illini Corp)

AutoNDA by SimpleDocs

Voluntary Termination by Officer. The Officer may voluntarily terminate this Agreement by providing thirty days notice to Illini, in which event Illini shall have no further obligation to the Officer hereunder from the date of such termination except to pay Officer earned but unpaid salary and benefits and to honor vested option rights without imposing further condition or reduction thereof, and the Officer shall have no further obligation to Illini hereunder except the duty to not disclose Confidential Information in accordance with Section I, E.

Appears in 1 contract

Samples: Management Continuity Agreement (Illini Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!