By Executive without Good Reason. Executive may terminate the Employment Term and Executive’s employment hereunder at any time without Good Reason upon thirty (30) days advance written notice to the Company. In the event Executive’s employment is terminated pursuant to this Section 6(e), the Company shall pay to Executive, no later than ten (10) days after the last day of Executive’s employment, in one lump sum, the sum of (i) any accrued but unpaid Base Salary, less applicable deductions, including salary in respect of any accrued and accumulated vacation, due to Executive at the date of such termination, and (ii) any amounts owing, but not yet paid, pursuant to Section 5 hereof. Except as specifically set forth in Section 9 hereof, the Company shall have no further obligations to Executive under this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Nexmed Inc), Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.)
By Executive without Good Reason. Executive may terminate the Employment Term and Executive’s 's employment hereunder at any time without Good Reason upon thirty (30) days advance written notice to the Company. In the event Executive’s 's employment is terminated pursuant to this Section 6(e), the Company shall pay to Executive, no later than ten (10) days after the last day of Executive’s 's employment, in one lump sum, the sum of (i) any accrued but unpaid Base Salary, less applicable deductions, including salary in respect of any accrued and accumulated vacation, due to Executive at the date of such termination, and (ii) any amounts owing, but not yet paid, pursuant to Section 5 hereof. Except as specifically set forth in Section 9 hereof, the Company shall have no further obligations to Executive under this Agreement.
Appears in 3 contracts
Samples: Employment Agreement (Nexmed Inc), Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Nexmed Inc)
By Executive without Good Reason. Executive may terminate the Employment Term and Executive’s 's employment hereunder at any time without Good Reason upon thirty (30) days advance written notice to the Company. In the event Executive’s 's employment is terminated pursuant to this Section 6(e), the Company shall pay to Executive, no later than ten (10) days after the last day of Executive’s 's employment, in one lump sum, the sum of (i) any accrued but unpaid Base Salary, less applicable deductions, including salary in respect of any accrued and accumulated vacation, due to Executive at the date of such termination, and (ii) any amounts owing, but not yet paid, pursuant to Section 5 hereof. Except as specifically set forth in Section 9 8 hereof, the Company shall have no further obligations to Executive under this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Nexmed Inc), Employment Agreement (Nexmed Inc)
By Executive without Good Reason. Executive may terminate the Employment Term and Executive’s employment hereunder at any time without Good Reason upon thirty (30) days advance written notice to the Company. In the event Executive’s employment is terminated pursuant to this Section 6(e), the Company shall pay to Executive, no later than ten (10) days after the last day of Executive’s employment, in one lump sum, the sum of (i) any accrued but unpaid Base Salary, less applicable deductions, including salary in respect of any accrued and accumulated vacation, due to Executive at the date of such termination, and (ii) any amounts owing, but not yet paid, pursuant to Section 5 hereof, and (iii) any unpaid portions of the Signing Bonus and the Incentive Bonus. Except as specifically set forth in Section 9 hereof, the Company shall have no further obligations to Executive under this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Nexmed Inc)