Executive’s Option to Terminate This Agreement Sample Clauses
The "Executive’s Option to Terminate This Agreement" clause grants the executive the right to end their employment contract before its scheduled expiration. Typically, this clause outlines the conditions under which the executive may exercise this option, such as providing advance written notice or meeting specific criteria, and may detail any resulting obligations like severance or notice periods. Its core practical function is to provide flexibility for the executive, allowing them to exit the agreement under defined circumstances, thereby addressing the need for autonomy and clear exit procedures in the employment relationship.
Executive’s Option to Terminate This Agreement. It is expressly recognized by the parties that a Business Combination would necessarily result in material alteration or diminishment of Executive’s position and responsibilities. Therefore, if during the term of this Agreement, there shall occur, with or without the consent of the Company or GRDH, any Business Combination or Change in Control, Executive shall have an exclusive option to terminate this Agreement on twenty (20) calendar day’s notice to the Company.