Common use of No Severance Clause in Contracts

No Severance. In the event that Employee’s employment with the Company terminates as a result of his voluntary resignation, Employee shall be entitled only to accrued but unpaid salary and vacation as of the date of termination.

Appears in 4 contracts

Sources: Employment Agreement (Smtek International Inc), Employment Agreement (Smtek International Inc), Employment Agreement (Smtek International Inc)