Common use of Voluntary Termination by the Executive Clause in Contracts

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) above.

Appears in 16 contracts

Samples: Employment Agreement (Assured Guaranty LTD), Employment Agreement (Ace LTD), Employment Agreement (Assured Guaranty LTD)

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Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment with the Company for any reason or for no reason at any time prior to during the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveEmployment Period.

Appears in 13 contracts

Samples: Termination Compensation Agreement (Rehabcare Group Inc), Termination Compensation Agreement (Rehabcare Group Inc), Termination Compensation Agreement (Rehabcare Group Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment with the Company under this Agreement at any time prior to the expiration of the term of this Agreement. Such termination shall constitute (a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) above"Voluntary Termination by Executive").

Appears in 6 contracts

Samples: Employment Agreement (Rheometric Scientific Inc), Employment Agreement (Rheometric Scientific Inc), Employment Agreement (Rheometric Scientific Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c9(c) above.

Appears in 5 contracts

Samples: Employment Agreement (Assured Guaranty LTD), Employment Agreement (Assured Guaranty LTD), Employment Agreement (Assured Guaranty LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive's employment with the Company or without Good Reason at any time prior by notice to the expiration Company as provided in Section 18. Upon the Executive's termination without Good Reason, (i) any unvested portions of the term Initial Grant will be immediately forfeited and (ii) all of this Agreement. Such termination the Executive's vested Stock Options, if any, shall constitute a voluntary termination and, remain exercisable in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveaccordance with their terms.

Appears in 5 contracts

Samples: Employment Agreement (Uici), Employment Agreement (Uici), Employment Agreement (Uici)

Voluntary Termination by the Executive. The If the Executive may resigns or otherwise voluntarily terminate terminates his employment with before the Company at any time prior to the expiration end of the current term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the amount the Executive shall be entitled to receive from the Company shall be limited to his base salary accrued through the same rights date of termination, and any nonforfeitable benefits as applicable already earned and payable to the termination for Cause, as described in Section 10(c) aboveExecutive under the terms of any deferred compensation or incentive plans of the Company.

Appears in 5 contracts

Samples: Executive Employment Agreement (Oragenics Inc), Executive Employment Agreement (Radiation Therapy Services Inc), Executive Employment Agreement (Oragenics Inc)

Voluntary Termination by the Executive. The In the event that the Executive may voluntarily terminate terminates his employment with for any reason, the Company at shall have no further liability or obligation to the Executive under this Agreement or in connection with his employment hereunder, except for (i) any time unpaid Base Salary accrued through the Date of Termination, and (ii) any unreimbursed expenses properly incurred prior to the expiration Date of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveTermination.

Appears in 4 contracts

Samples: Employment Agreement (BioSig Technologies, Inc.), Employment Agreement (BioSig Technologies, Inc.), Employment Agreement (Pioneer Power Solutions, Inc.)

Voluntary Termination by the Executive. The In the event the Executive may voluntarily terminate terminates his employment with the Company at any time prior to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination andhereunder other than for death, in such eventDisability, Retirement or Good Reason, then the Executive shall be limited have no right pursuant to this Agreement to compensation or other benefits for any period after the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveDate of Termination.

Appears in 4 contracts

Samples: Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Financial Bancorp, Inc.)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive’s employment with the Company or without Good Reason at any time prior by notice to the expiration Company as provided in Section 18. Upon the Executive’s termination without Good Reason, (i) any unvested portions of the term Initial Grant will be immediately forfeited and (ii) all of this Agreement. Such termination the Executive’s vested Stock Options, if any, shall constitute a voluntary termination and, remain exercisable in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveaccordance with their terms.

Appears in 3 contracts

Samples: Employment Agreement (HealthMarkets, Inc.), Employment Agreement (HealthMarkets, Inc.), Employment Agreement (HealthMarkets, Inc.)

Voluntary Termination by the Executive. The If the Executive may resigns or otherwise voluntarily terminate terminates his employment with before the Company at any time prior to the expiration end of the current term of this Agreement. Such termination shall constitute a voluntary termination andAgreement upon sixty (60) days written notice to the Company, in such event, the amount the Executive shall be entitled to receive from the Company shall be limited to his base salary accrued through the same rights date of termination, and any nonforfeitable benefits as applicable already earned and payable to the termination for Cause, as described in Section 10(c) aboveExecutive under the terms of any deferred compensation or incentive plans of the Company.

Appears in 3 contracts

Samples: Employment Agreement (Coast Dental Services Inc), Employment Agreement (Coast Dental Services Inc), Employment Agreement (Coast Dental Services Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveemployment.

Appears in 2 contracts

Samples: Employment Agreement (Charles River Laboratories International, Inc.), Employment Agreement (Charles River Laboratories International Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of the term of this Agreementtime. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Termination For Cause, as described in Section 10(c) above.

Appears in 2 contracts

Samples: Employment Agreement (Assured Guaranty LTD), Employment Agreement (Assured Guaranty LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive's employment with the Company or without Good Reason at any time prior by notice to the expiration Company as provided in Section 18. Upon the Executive's termination without Good Reason, all of the term of this Agreement. Such termination Executive's vested Stock Options, if any, shall constitute a voluntary termination and, remain exercisable in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveaccordance with their terms.

Appears in 2 contracts

Samples: Employment Agreement (Uici), Employment Agreement (Uici)

Voluntary Termination by the Executive. The In addition to his other rights to terminate under this Agreement, the Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of during the term of this Agreement. Such termination shall constitute a voluntary termination andAgreement upon at least sixty (60) days prior written notice to the Board, in such event, which case the Executive shall be limited receive only his compensation, vested rights and employee benefits up to the same rights and benefits as applicable to the date of his termination for Cause, as described in Section 10(c) aboveof employment.

Appears in 2 contracts

Samples: Gould Employment Agreement (Beneficial Mutual Bancorp Inc), Employment Agreement (Beneficial Mutual Bancorp Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive’s employment with the Company or without Good Reason at any time prior by notice to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits Company as applicable to the termination for Cause, as described provided in Section 10(c) above17.

Appears in 2 contracts

Samples: Employment Agreement (HealthMarkets, Inc.), Employment Agreement (HealthMarkets, Inc.)

Voluntary Termination by the Executive. The the Executive may voluntarily terminate terminates his employment for any reason with the Company Corporation or Subsidiary at any time prior to the expiration of the term of this Agreement. Such termination shall constitute anytime after a voluntary termination and, Change in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveControl.

Appears in 2 contracts

Samples: Severance Agreement (Citizens South Banking Corp), Severance Agreement (Citizens South Banking Corp)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive’s employment with the Company or without Good Reason at any time prior by notice to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits Company as applicable to the termination for Cause, as described provided in Section 10(c) above18.

Appears in 2 contracts

Samples: Employment Agreement (HealthMarkets, Inc.), Employment Agreement (HealthMarkets, Inc.)

Voluntary Termination by the Executive. The Executive may voluntarily resign and terminate his employment with the Company at for any time reason whatsoever upon not less than sixty (60) days prior written notice to the expiration of Company. In the term of event that the Executive terminates his employment voluntarily pursuant to this Agreement. Such termination shall constitute a voluntary termination and, in such eventSection 14(e), the Executive shall will be limited entitled to the same rights following payments and benefits as applicable to the termination for Cause, as described in Section 10(c) above.benefits:

Appears in 2 contracts

Samples: Employment Agreement (Evans Bob Farms Inc), Employment Agreement (Evans Bob Farms Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment with the Company If Executive, at any time prior to the expiration of during the term of this Agreement. Such , voluntarily leaves the employ of the Company, such termination shall constitute a voluntary termination andbe treated, for purposes of this Agreement, in such event, the Executive shall be limited to the same rights and benefits manner as applicable to the termination for a Termination For Cause, as described in and the provisions of Section 10(c) above10. 1 hereof shall apply.

Appears in 1 contract

Samples: Employment Agreement (Sage Life Assurance of America Inc)

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Voluntary Termination by the Executive. The If the Executive may voluntarily terminate -------------------------------------- terminates his employment with on his own initiative, other than due to death, Disability or a Constructive Termination Without Cause, he shall have the same entitlements as provided in Section 9(c)(ii) above for a termination for Cause. A voluntary termination under this Section 9(e) shall be effective 30 days after the Executive gives written notice thereof to the Company at any time prior to the expiration of the term and shall not be deemed a breach of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) above.

Appears in 1 contract

Samples: Agreement (Access Health Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive’s employment with the Company for any reason or for no reason at any time prior to during the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) aboveEmployment Period.

Appears in 1 contract

Samples: Employment Agreement (Angelica Corp /New/)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his her employment with the Company hereunder at any time prior by providing written notice to the expiration of the term of this AgreementCompany. Such termination shall constitute a voluntary termination and, in In such event, upon such termination the Executive Company shall be limited have no further compensation obligation to the same rights and benefits as applicable to Executive, other than for any Final Compensation through the termination for Cause, as described in Section 10(c) aboveactual date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Revlon Inc /De/)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive’s employment with the Company or without Good Reason at any time prior by notice to the expiration Company as provided in Section 19. Upon the Executive’s termination without Good Reason, (i) any unvested portions of the term Initial Grants will be immediately forfeited and (ii) subject to Section 15 of this Agreement. Such termination shall constitute a voluntary termination and, in such eventall of the Executive’s vested Option Rights and Restricted Shares, the Executive if any, shall be limited to the same rights and benefits as applicable to the termination for Causedelivered, as described paid or remain exercisable in Section 10(c) aboveaccordance with their terms.

Appears in 1 contract

Samples: Employment Agreement (HealthMarkets, Inc.)

Voluntary Termination by the Executive. The Executive may voluntarily resign and terminate his employment with the Company at for any time reason whatsoever upon not less than sixty (60) days prior written notice to the expiration of Company. In the term of event that the Executive so terminates his employment pursuant to this Agreement. Such termination shall constitute a voluntary termination and, in such eventSection 13(e), the Executive shall will be limited entitled to the same rights following payments and benefits as applicable to the termination for Cause, as described in Section 10(c) above.benefits:

Appears in 1 contract

Samples: Employment Agreement (Bob Evans Farms Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive’s employment with the Company or without Good Reason at any time prior by notice to the expiration Company as provided in Section 18. Upon the Executive’s termination without Good Reason, (i) any unvested portions of the term any outstanding equity awards will be immediately forfeited and (ii) subject to Section 14 of this Agreement. Such termination shall constitute a voluntary termination and, in such eventall of the Executive’s vested Option Rights and Restricted Shares, the Executive if any, shall be limited to the same rights and benefits as applicable to the termination for Causedelivered, as described paid or remain exercisable in Section 10(c) aboveaccordance with their terms.

Appears in 1 contract

Samples: Employment Agreement (HealthMarkets, Inc.)

Voluntary Termination by the Executive. The Executive may voluntarily resign and terminate his employment with the Company at Company: (i) for any time reason whatsoever, or (ii) by reason of retirement, upon not less than sixty (60) days prior written notice to the expiration of Company. In the term of event that the Executive so terminates his employment pursuant to this Agreement. Such termination shall constitute a voluntary termination and, in such eventSection 14(e), the Executive shall will be limited entitled to the same rights following payments and benefits as applicable to the termination for Cause, as described in Section 10(c) above.benefits:

Appears in 1 contract

Samples: Employment Agreement (Bob Evans Farms Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment with the Company for any reason or for no reason at any time prior during the Employment Period; provided the Executive may not terminate his employment voluntarily (except for Good Reason) unless the Executive has given the Company at least six month's notice of such intent to terminate (subject to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, Company's determination in its sole discretion to waive or shorten such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) abovenotice requirement).

Appears in 1 contract

Samples: Employment Agreement (Angelica Corp /New/)

Voluntary Termination by the Executive. The In addition to his other rights to terminate his employment under this Agreement, the Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of during the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited Agreement upon at least ninety (180) days prior written notice to the same rights and benefits as applicable board of directors of the Corporation. Upon the Executive’s voluntary termination, he will receive only his compensation to the date of his termination for Cause, as described in Section 10(c) aboveof employment.

Appears in 1 contract

Samples: Employment Agreement (Lion Lam Diamond Inc)

Voluntary Termination by the Executive. The If the Executive may resigns or otherwise voluntarily terminate terminates his employment with before the Company at any time prior to the expiration end of the current term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the amount the Executive shall be entitled to receive from the Company shall be limited to his base salary accrued through the same rights date of termination, and benefits as applicable to the termination for Cause, as described in Section 10(c) above.any nonforfeitable

Appears in 1 contract

Samples: Employment Agreement (Vision Twenty One Inc)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his the Executive’s employment with the Company or without Good Reason at any time prior by notice to the expiration Company as provided in Section 18. Upon the Executive’s termination without Good Reason, (i) any unvested portions of the term Initial Grant will be immediately forfeited, and (ii) all of this Agreement. Such termination shall constitute a voluntary termination andthe Executive’s vested awards, in such eventif any, the Executive shall be limited to the same rights and benefits as applicable to the termination for Causedelivered, as described paid or remain exercisable in Section 10(c) aboveaccordance with their terms.

Appears in 1 contract

Samples: Employment Agreement (HealthMarkets, Inc.)

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