Common use of Voluntary Termination by the Executive Clause in Contracts

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three months’ prior written notice to the Company, provided such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 7 contracts

Samples: Employment Agreement (Security Capital Assurance LTD), Employment Agreement (Security Capital Assurance LTD), Employment Agreement (Security Capital Assurance LTD)

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Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three months’ prior written notice to the Company, provided such . Such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 5 contracts

Samples: Employment Agreement (Xl Capital LTD), Employment Agreement (Xl Capital LTD), Employment Agreement (Xl Capital LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three months' prior written notice to the Company, provided such . Such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s 's employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 3 contracts

Samples: Employment Agreement (Xl Capital LTD), Employment Agreement (Xl Capital LTD), Employment Agreement (Xl Capital LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his her employment prior to the expiration of the term of this Agreement upon at least three months' prior written notice to the Company, provided such . Such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s 's employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 2 contracts

Samples: Employment Agreement (Xl Capital LTD), Employment Agreement (Xl Capital LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three months' prior written notice to the Company, provided such . Such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s 's employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).[XL CAPITAL LOGO]

Appears in 2 contracts

Samples: Employment Agreement (Xl Capital LTD), Employment Agreement (Xl Capital LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three twelve months' prior written notice to the Company, provided such . Such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s 's employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 1 contract

Samples: Employment Agreement (Xl Capital LTD)

Voluntary Termination by the Executive. The Executive may -------------------------------------- voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three months’ prior written notice to the Company, provided such Agreement. Such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv9(d)(iii), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company or Parent for Cause as provided in Section 8(c9(c), above. A voluntary termination in accordance with under this Section 8(e9(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s 's employment due to disability or death as described in Section 8(b) or 8(a9(b), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company or Parent pursuant to Section 8(d9(d), above, or a termination by the Executive under Section 8(d)(iv9(d)(iii), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e9(e).

Appears in 1 contract

Samples: Employment Agreement (Xl Capital LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his her employment prior to the expiration of the term of this Agreement upon at least three months’ prior written notice to the Company, provided such . Such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 1 contract

Samples: Employment Agreement (Xl Group LTD)

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Voluntary Termination by the Executive. The Executive may voluntarily terminate his her employment prior to the expiration of the term of this Agreement upon at least three months30 days’ prior written notice to the CompanyCompany (or, if the Board deems a longer period necessary to effect an orderly transition, the Board may, by prompt written notice to the Executive, extend the termination date up to an additional 60 days), provided such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv8(d)(ii), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s employment due to death or disability or death as described in Section 8(b8(a) or 8(a8(b), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, above or a termination by the Executive under for Good Reason as described in Section 8(d)(iv), above, 8(d) above shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal nonrenewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 1 contract

Samples: Employment Agreement (Syncora Holdings LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three months' prior written notice to the Company, provided such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s 's employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive [XL CAPITAL LOGO] which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement agreement pursuant to Section 2 above above, issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 1 contract

Samples: Employment Agreement (Xl Capital LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three months’ 60 days' prior written notice to the Company, provided such . Such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s 's employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d8(d)(iii), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 1 contract

Samples: Employment Agreement (Xl Capital LTD)

Voluntary Termination by the Executive. The Executive may voluntarily terminate his employment prior to the expiration of the term of this Agreement upon at least three months’ 30 days prior written notice to the CompanyCompany (or if the Board deems a longer period necessary to effect an orderly transition, the Board may, by prompt written notice to the Executive, extend the termination date up to an additional 60 days, but in no event beyond the date falling 90 days after the date on which the Executive gave his notice of termination) ,provided such termination shall constitute a voluntary termination and, except as provided in Section 8(d)(iii) or Section 8(d)(iv), above, in such event the Executive shall be limited to the same rights and benefits as applicable to a termination by the Company for Cause as provided in Section 8(c), above. A voluntary termination in accordance with this Section 8(e) shall not be deemed a breach of this Agreement. A termination of the Executive’s employment due to disability or death as described in Section 8(b) or 8(a), above, a termination by the Executive which the Executive is entitled to treat as a termination by the Company pursuant to Section 8(d), above, or a termination by the Executive under Section 8(d)(iv), above, shall not be deemed a voluntary termination within the meaning of this Section 8(e). For the avoidance of doubt, a notice of non-renewal of the Agreement pursuant to Section 2 above issued by the Executive shall not be considered a voluntary termination within the meaning of this Section 8(e).

Appears in 1 contract

Samples: Employment Agreement (Syncora Holdings LTD)

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