Common use of Employee's Voluntary Termination of Employment Clause in Contracts

Employee's Voluntary Termination of Employment. Employee shall have the right at any time during the Term of Employment, upon not less than ninety days prior written notice to Employer, to terminate his Employment. Employee's right to receive Base Salary, Benefits, vacation time and perquisites shall cease as of the date of such Employment termination, subject to any earned but unpaid Base Salary and Bonuses pursuant to Section 3.2 which said Bonuses, if any, shall be payable at the time set forth in said Section 3.2 that may be due prorated to the date of termination. Employee's termination of his Employment by reason of his Disability (Section 6.3) shall not be regarded as a voluntary termination of Employment within the meaning of this Section 6.2.

Appears in 3 contracts

Samples: Employment Agreement (First Mortgage Corp /Ca/), Employment Agreement (First Mortgage Corp /Ca/), Employment Agreement (First Mortgage Corp /Ca/)

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Employee's Voluntary Termination of Employment. Employee shall have the right at any time during the Term of Employment, upon not less than ninety days prior written notice to Employer, to terminate his Employment. Employee's right to receive Base Salary, Benefits, vacation time and perquisites shall cease as of the date of such Employment termination, subject to any earned but unpaid Base Salary and Bonuses pursuant to Section 3.2 which said Bonuses, if any, shall be payable at the time set forth in said Section 3.2 that may be due prorated to the date of termination. Employee's termination of his Employment by reason of his Disability (Section 6.3) shall not be regarded as a voluntary termination of Employment within the meaning of this Section 6.2.. 6.3

Appears in 1 contract

Samples: Employment Agreement (First Mortgage Corp /Ca/)

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