Common use of Voluntary Termination of Employment by the Executive Clause in Contracts

Voluntary Termination of Employment by the Executive. The Executive reserves the right to terminate his employment voluntarily at any time for any reason following at least ninety (90) days notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) days from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 8. The Executive shall not be entitled to any form of Continuation Benefits as a result of such voluntary termination, except in the event of voluntary termination pursuant to Section 3 or Section 10 of this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc)

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Voluntary Termination of Employment by the Executive. The Executive reserves the right to terminate his employment voluntarily at any time for any reason following at least ninety (90) days six months' notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) days six months from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 8. The Executive shall not be entitled to any form of Continuation Benefits Compensation Continuance as a result of such voluntary termination, except in the event of voluntary termination pursuant to Section 3 or Section 10 of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc)

Voluntary Termination of Employment by the Executive. The Executive reserves the right to terminate his employment voluntarily at any time for any reason following at least ninety (90) days six months' notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) days six months from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 8. The Executive shall not be entitled to any form force of Continuation Benefits Compensation Continuance as a result of such voluntary termination, except in the event of voluntary termination pursuant to Section 3 or Section 10 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

Voluntary Termination of Employment by the Executive. The ---------------------------------------------------- Executive reserves the right to terminate his employment voluntarily at any time for any reason following at least ninety (90) days notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) days from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 8. The Executive shall not be entitled to any form of Continuation Benefits as a result of such voluntary termination, except in the event of voluntary termination pursuant to Section 3 or Section 10 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

Voluntary Termination of Employment by the Executive. The Executive reserves the right to terminate his employment voluntarily at any time for any reason following at least ninety (90) days six months' notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) days six months from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 8. The Executive shall not be entitled to any form of Continuation Benefits Compensation Continuance as a result of such voluntary termination, except in the event of voluntary termination pursuant to Section 3 or Section 10 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

Voluntary Termination of Employment by the Executive. The Executive reserves the right to terminate his employment voluntarily at any time for any reason following at least ninety (90) days 90 days= notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) 90 days from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 89. The Executive shall not be entitled to any form of Continuation Benefits Compensation Continuance as a result of such voluntary termination, except in the event of voluntary termination pursuant to Section 3 or Section 10 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

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Voluntary Termination of Employment by the Executive. The Executive reserves the right to terminate his her employment voluntarily at any time for any reason following at least ninety (90) days six months' notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) days six months from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 8. The Executive shall not be entitled to any form of Continuation Benefits Compensation Continuance as a result of such voluntary termination, except in the event of voluntary termination pursuant to Section 3 or Section 10 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

Voluntary Termination of Employment by the Executive. The Executive reserves the right to terminate his employment voluntarily at any time for any reason following at least ninety (90) days six months' notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) days six months from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 8. The Executive shall not be entitled to any form of Continuation Benefits Compensation Continuance as a result of such voluntary termination, except in the event of voluntary termination pursuant to Section 3 or Section 10 of this Agreement. 6.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

Voluntary Termination of Employment by the Executive. (a) The Executive reserves the right to terminate his employment voluntarily at any time for any reason following at least ninety (90) days 90 days= notice to the Corporation. If such notice shall be given, this Agreement shall terminate as of the effective date of termination as set forth in such notice (or the date ninety (90) 90 days from the date of receipt by the Corporation of such notice, if no effective date shall be set forth therein), unless sooner terminated as provided in Section 3, 6 or 8. 9 The Executive shall not be entitled to any form of Continuation Benefits Compensation Continuance as a result of such voluntary termination. (b) Notwithstanding anything to the contrary contained in Section 5(a) of this Agreement, except the Executive shall be entitled to receive the Compensation Continuance described in Section 4 in the event the Executive voluntarily terminates his employment for any reason during the 30-day period following the first anniversary of voluntary termination pursuant to Section 3 or Section 10 of this Agreementthe Merger.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

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