Xx Executive or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered or sent or, if mailed, five days after deposit in the U.S. mail.
Xx Executive. Notwithstanding the term of this Agreement, Executive may voluntarily resign his employment with Company at any time by providing written notice to Company of such resignation at least thirty (30) days prior to the effective date of resignation. For the purposes of this Agreement, the effective date of Executive’s resignation shall be that specified in the written resignation notice, or the actual date Executive terminates employment with Company as a result of a resignation, whichever occurs later (the “Resignation Date”). Executive shall be entitled to payment of the pro rata portion of Executive’s Base Salary through and including the Resignation Date, plus, if Executive resigns for Good Reason as defined hereafter, a pro rata share of his annual bonus as provided in Section 5(B). The Company reserves the right to pay Executive his Base Salary in lieu of working from the date of the Notice through the Resignation Date. For Executive to have the right to resign for Good Reason, all of the following must timely occur: (i) Executive must provide the Company with notice of the occurrence of any of the Good Reason events within the 30 day period immediately following such event and such notice must describe in detail the Good Reason event and the proposed cure to such event, (ii) the Company must fail to cure such event with a period of 30 days from the date of receipt of such notice, and (iii) notice of resignation is delivered by Executive to the Company within 30 days following the day on which the 30 day period set forth in the preceding clause (ii) expires.
