Common use of Election By Executive Clause in Contracts

Election By Executive. Executive's employment may be terminated at any time by Executive upon not less than ninety (90) days written notice by Executive to the Board of Directors. Upon such termination, the obligations of the Executive and Company under this Agreement shall immediately cease. In the event of termination pursuant to this paragraph, Executive shall be entitled to receive any accrued and unpaid base salary and any and all accrued, earned but unpaid bonuses or benefits described in Section 4 to which Executive is entitled on the date of such termination. All other rights Executive has under any benefit or stock option plans and programs shall be determined in accordance with the terms of such plans and programs.

Election By Executive. Executive's employment may be terminated at any time by Executive upon not less than ninety (90) 60 days written notice by Executive to the Board Board. With the exception of Directors. Upon the covenants included in section 3 above, upon such termination, termination the obligations of the Executive and Company under this Agreement shall immediately cease. In the event of a termination pursuant to this paragraphsection, Executive shall be entitled to receive any accrued and unpaid base salary and any and all accrued, amounts earned but unpaid bonuses or benefits described in Section 4 pursuant to which Executive is entitled on the date section 4(a) of such terminationthis Agreement. All other rights Executive has under any benefit or stock option plans and programs shall be determined in accordance with the terms and conditions of such plans and programs.