Common use of Voluntary Clause in Contracts

Voluntary. If Executive terminates his employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to Executive hereunder, other than the obligation (i) to continue to pay Executive in accordance with the Corporation's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) to continue to provide Executive with benefits of the type described in Paragraph 4(a) through the day preceding the Date of Termination.

Appears in 6 contracts

Samples: Employment Agreement (Intercell Corp), Employment Agreement (Nanopierce Technologies Inc), Employment Agreement (Intercell International Corp)

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Voluntary. If Executive terminates his her employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to Executive hereunder, other than the obligation (i) to continue to pay Executive in accordance with the Corporation's normal payroll payment procedures his her Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) to continue to provide Executive with benefits of the type described in Paragraph 4(a) through the day preceding the Date of Termination.

Appears in 5 contracts

Samples: Employment Agreement (Nanopierce Technologies Inc), Employment Agreement (Nanopierce Technologies Inc), Employment Agreement (Nanopierce Technologies Inc)

Voluntary. If Executive voluntarily terminates his Executive’s employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to Executive hereunderwith the Company, other than for Good Reason as defined in Section 3.5 herein, Executive shall cease to accrue salary, personal time off, benefits and other compensation on the obligation (i) to continue to pay Executive date of such voluntary termination. Accrued benefits, if any, will be payable in accordance with the Corporation's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) to continue to provide Executive with benefits of the type described in Paragraph 4(a) through the day preceding the Date of Terminationapplicable benefit plan provisions.

Appears in 4 contracts

Samples: Executive Employment Agreement (Emagin Corp), Executive Employment Agreement (Transglobal Assets, Inc.), Executive Employment Agreement (Transglobal Assets, Inc.)

Voluntary. If Executive voluntarily terminates his Executive’s employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to Executive hereunderwith the Company, other than for Good Reason as defined in Section 3.4 herein, Executive shall cease to accrue salary, vacation, benefits and other compensation on the obligation (i) to continue to pay Executive date of voluntary termination. Accrued benefits, if any, will be payable in accordance with the Corporation's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) to continue to provide Executive with benefits of the type described in Paragraph 4(a) through the day preceding the Date of Terminationapplicable benefit plan provisions.

Appears in 2 contracts

Samples: Executive Employment Agreement (Emagin Corp), Executive Employment Agreement (Emagin Corp)

Voluntary. If Executive voluntarily terminates his Executive’s employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to Executive hereunderwith the Company, other than for Good Reason as defined in Section 3.4 herein, Executive shall cease to accrue salary, personal time off, benefits and other compensation on the obligation (i) to continue to pay Executive date of voluntary termination. Accrued benefits, if any, will be payable in accordance with the Corporation's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) to continue to provide Executive with benefits of the type described in Paragraph 4(a) through the day preceding the Date of Terminationapplicable benefit plan provisions.

Appears in 2 contracts

Samples: Executive Employment Agreement (Emagin Corp), Executive Employment Agreement (Emagin Corp)

Voluntary. If Executive voluntarily terminates his Executive's employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to Executive hereunderwith the Company, other than for Good Reason as defined in Section 3.5 herein, Executive shall cease to accrue salary, personal time off, benefits and other compensation on the obligation (i) to continue to pay Executive date of voluntary termination. Accrued benefits, if any, and earned Base Salary, if any, will be payable in accordance with the Corporation's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) to continue to provide Executive with benefits of the type described in Paragraph 4(a) through the day preceding the Date of Terminationapplicable Company policies.

Appears in 1 contract

Samples: Executive Employment Agreement (Emagin Corp)

Voluntary. If the Executive terminates his employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to the Executive hereunder, other than the obligation (i) to continue to pay the Executive in accordance with the Corporation's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the day preceding the Date Terminationof Termination and any previously awarded but not yet paid cash bonus; and (ii) to continue to provide the Executive with benefits of the type described in Paragraph 4(a) Section 4 through the day preceding the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Imperial Credit Industries Inc)

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Voluntary. If Executive voluntarily terminates his Executive's employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to Executive hereunderwith the Company, other than for Good Reason as defined in Section 3.4 herein, Executive shall cease to accrue salary, personal time off, benefits and other compensation on the obligation (i) to continue to pay Executive date of voluntary termination. Accrued benefits, if any, will be payable in accordance with the Corporation's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) to continue to provide Executive with benefits of the type described in Paragraph 4(a) through the day preceding the Date of Terminationapplicable benefit plan provisions.

Appears in 1 contract

Samples: Executive Employment Agreement (Emagin Corp)

Voluntary. If Executive terminates his employment for other than Good Reason (a "Voluntary Termination"), this Agreement shall terminate without further obligation to Executive hereunder, other than the obligation (i) to continue to pay Executive in accordance with the CorporationCompany's normal payroll payment procedures his Base Salary and other compensation through the Date of Termination at the rate in effect on the Date Termination; and (ii) to continue to provide Executive with benefits of the type described in Paragraph 4(a) through the day preceding the Date of Termination.

Appears in 1 contract

Samples: Purchase Agreement (Intercell International Corp)

Voluntary. If the Executive terminates his employment for other than Good Reason (a "Voluntary Termination")Reason, this Agreement the Company shall terminate without further obligation to pay the Executive hereunder, other than the obligation (i) to continue to pay Executive in accordance with the CorporationExecutive's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) date immediately prior to continue to provide Executive with benefits of the type described in Paragraph 4(a) such termination through the day preceding date specified in the Date Notice of Termination. Upon a termination for other than Good Reason, the Executive shall forfeit all shares of Restricted Stock that remain restricted on the date of termination. The Company shall have no further obligations to the Executive under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Metrocall Inc)

Voluntary. If the Executive terminates his employment for other than Good Reason (a "Voluntary Termination")Reason, this Agreement the Company shall terminate without further obligation to pay the Executive hereunder, other than the obligation (i) to continue to pay Executive in accordance with the CorporationExecutive's normal payroll payment procedures his Base Salary through the Date of Termination at the rate in effect on the Date Termination; and (ii) date immediately prior to continue to provide Executive with benefits of the type described in Paragraph 4(a) such termination, through the day preceding date specified in the Date Notice of Termination. Upon a termination for other than Good Reason, the Executive shall forfeit all shares of Restricted Stock that remain restricted on the date of termination. The Company shall have no further obligations to the Executive under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Metrocall Inc)

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