Post-Resignation Obligations definition
Post-Resignation Obligations. Except as provided below with respect to resignations for "Good Reason," no such resignation under Section 14 hereof (or termination by the Company following a Resignation Notice) shall be deemed to be or treated as if it was a "Termination Without Cause" as defined below. The Executive agrees and understands that, in the event of any such resignation (or termination by the Company following a Resignation Notice), the Executive shall be entitled to receive the Executive's base salary from the Employer at the rate provided in this Agreement through the date of termination of the Executive's employment and any business expenses otherwise due to Executive. The Executive shall also be entitled to payment for any bonus earned in the year preceding such resignation but not yet paid and, in the event of a "Resignation for Good Reason", accrued but unused vacation days during the year such resignation occurs. All other obligations of the Employer under this Agreement shall automatically cease, and the Executive shall not be entitled to any other salary, payments or benefits otherwise payable under this Agreement, except as otherwise required by law. The parties further agree and understand that, in the event of any such resignation (or termination by the Company following a Resignation Notice), the Executive's obligations and agreements under Sections 21 through 24 hereof shall continue in full force and effect in the manner and on the terms set forth herein.