Common use of Executive Termination Clause in Contracts

Executive Termination. Executive may, at his option, terminate his employment by giving a Notice of Termination to the Company. The Notice of Termination shall specify the Date of Termination, which date shall not be earlier than sixty (60) days after the Notice of Termination is given. Amounts payable to Executive upon Executive's voluntary termination are set forth in Section 3.3.1 below. A termination by the Executive for "Good Reason" shall not constitute a voluntary termination by the Executive pursuant to this Section 3.2.5, but shall constitute a termination without Cause by the Company pursuant to Section 3.2.4. Executive shall be deemed to have resigned for "Good Reason" if (1) the Company fails to comply with the material terms of this Agreement or any stock option or similar agreement with the Employee then in effect, after receipt from the Executive of written notice of such failure and, to the extent such failure is curable, a thirty (30) day period to cure such failure; or