Common use of Resignation by the Executive Clause in Contracts

Resignation by the Executive. (a) If the Executive terminates his employment during the Employment Period for any reason (except as set forth below in Section 4.4(b)), the Company shall have no obligation to the Executive other than the payment of the Executive's earned and unpaid salary to the effective date of such termination.

Appears in 1 contract

Samples: Stock Option Agreement (Synetic Inc)

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Resignation by the Executive. (a) If the Executive terminates his employment during the Employment Period for any reason (except other than as set forth below in Section 4.4(b)4.3(b) below), the Company shall have no obligation to the Executive (including, without limitation, any payment under the Incentive Plan or any Installment Payment) other than the payment of the Executive's earned and unpaid salary compensation to the effective date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Synetic Inc)

Resignation by the Executive. (a) If the Executive terminates his ---------------------------- employment during the Employment Period for any reason (except as set forth below in Section 4.4(b))reason, the Company shall have no obligation to the Executive other than the payment of the Executive's earned and unpaid salary compensation to the effective date of such termination. Executive hereby acknowledges that such a termination would result in a "Termination Event" for purposes of the Escrow Agreement, which would have the consequences set forth therein.

Appears in 1 contract

Samples: Employment Agreement (Synetic Inc)

Resignation by the Executive. (a) If the Executive terminates his employment during with the Employment Period Company for any reason (except as set forth below in Section 4.4(b))reason, the Company shall have no obligation to the Executive other than the payment of the Executive's earned and unpaid salary compensation to the effective date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Careinsite Inc)

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Resignation by the Executive. (a) If the Executive terminates his employment during with the Employment Period for any reason (except as set forth below Company other than in Section 4.4(b))accordance with Sections 4.5 and 4.6, the Company shall have no obligation to the Executive other than the payment of the Executive's ’s earned and unpaid salary compensation to the effective date of such terminationtermination and any options to purchase the Company’s common stock shall remain outstanding for the post-termination exercise period specified in the applicable option agreement.

Appears in 1 contract

Samples: Employment Agreement (Webmd Corp /New/)

Resignation by the Executive. (a) If the Executive terminates his ---------------------------- employment during with the Employment Period Company for any reason (except as set forth below in Section 4.4(b))reason, the Company shall have no obligation to the Executive other than the payment of the Executive's earned and unpaid salary compensation to the effective date of such termination.

Appears in 1 contract

Samples: Stock Option Agreement (Synetic Inc)

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