By the Employee Without Good Reason. The Employee may terminate his employment without Good Reason (as defined in Section 3(B)(2) below) provided that the Employee gives the Company a written notice of intent to terminate at least thirty (30) days' prior to the effective date of such termination. In the event of a termination by the Employee without Good Reason, the Company may accelerate the Employee's departure date and will have no obligation to pay Employee after his actual departure date. In the event of termination by the Employee without Good Reason, the Employee shall be entitled to no severance or other termination benefits.
Appears in 3 contracts
Samples: Employment Agreement (Sipex Corp), Employment Agreement (Sipex Corp), Employment Agreement (Sipex Corp)
By the Employee Without Good Reason. The Employee may terminate his employment without Good Reason (as defined in Section 3(B)(2) below) provided that the Employee gives the Company a written notice of intent to terminate at least thirty (30) days' 3 -3- prior to the effective date of such termination. In the event of a termination by the Employee without Good Reason, the Company may accelerate the Employee's departure date and will have no obligation to pay Employee after his actual departure date. In the event of termination by the Employee without Good Reason, the Employee shall be entitled to no severance or other termination benefits.
Appears in 2 contracts
Samples: Employment Agreement (Sipex Corp), Employment Agreement (Sipex Corp)
By the Employee Without Good Reason. The Employee may terminate terminate, his employment without Good Reason (as defined in Section 3(B)(2) below) provided that the Employee gives the Company a written notice of intent to terminate at least thirty (30) days' prior to the effective date of such termination. In the event of a termination by the Employee without Good Reason, the Company may accelerate the Employee's departure date and will have no obligation to pay Employee after his actual departure date. In the event of termination by the Employee without Good Reason, the Employee shall be entitled to no severance or other termination benefits.
Appears in 1 contract
Samples: Employment Agreement (Sipex Corp)