Common use of Involuntary Resignation Clause in Contracts

Involuntary Resignation. If the Executive resigns from all offices and directorships of the Company, the Parent, and all entity affiliates of the Parent for any of the reasons set forth in Sections 6.4.1 through 6.4.6, such resignation shall be deemed an "Involuntary Resignation," and the Executive shall be entitled to receive the same severance compensation as is, and all other rights and benefits, provided for in Sections 5.8 and 6.

Appears in 2 contracts

Sources: Employment Agreement (Criimi Mae Inc), Employment & Non Competition Agreement (Criimi Mae Inc)