Common use of Resignation by Executive Clause in Contracts

Resignation by Executive. Executive may resign his/her employment by giving the Company four weeks’ notice of said resignation; NSP may elect to pay Employee’s base salary in lieu of notice. If Executive resigns, then the Company’s obligation to Executive will be limited solely to the payment of accrued and unpaid base salary through the date of such termination.

Appears in 7 contracts

Samples: Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc)

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Resignation by Executive. Executive may resign his/her his employment by giving the Company four weeks’ notice of said resignation; NSP may elect to pay Employee’s base salary in lieu of notice. If Executive resigns, then the Company’s obligation to Executive will be limited solely to the payment of accrued and unpaid base salary through the date of such termination.

Appears in 4 contracts

Samples: Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc)

Resignation by Executive. Executive may resign his/her his employment without Good Reason by giving the Company four weeks’ notice of said resignation; NSP may elect to pay EmployeeExecutive’s base salary in lieu of notice. If Executive resignsresigns without Good Reason, then the Company’s obligation to Executive will be limited solely to the payment of accrued and unpaid base salary through the date of such terminationtermination and reimbursement of all then unreimbursed expenses properly incurred by Executive pursuant to Section 4.

Appears in 4 contracts

Samples: Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc), Employment Agreement (Natures Sunshine Products Inc)

Resignation by Executive. Executive may resign his/her his employment without Good Reason by giving the Company four weeks’ notice of said resignation; NSP may elect to pay EmployeeExecutive’s base salary in lieu of notice. If Executive resignsresigns without Good Reason, then the Company’s obligation to Executive will be limited solely to the payment of accrued and unpaid base salary through the date of such terminationtermination and reimbursement of all then unreimbursed expenses properly incurred by Executive pursuant to Section 4.2.

Appears in 1 contract

Samples: Employment Agreement (Natures Sunshine Products Inc)

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Resignation by Executive. Executive may resign his/her employment by giving the Company four weeks’ notice of said resignation; NSP may elect to pay Employee’s base salary in lieu of notice. If Executive resigns, then the Company’s obligation to Executive will be limited solely to the payment of accrued and unpaid base salary through the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Natures Sunshine Products Inc)

Resignation by Executive. Executive may resign his/her employment by giving the Company four weeks' notice of said resignation; NSP may elect to pay Employee’s 's base salary in lieu of notice. If Executive resigns, then the Company’s 's obligation to Executive will be limited solely to the payment of accrued and unpaid base salary through the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Natures Sunshine Products Inc)

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