Common use of Termination by the Employee without Good Reason Clause in Contracts

Termination by the Employee without Good Reason. During the term, the Employee may voluntarily terminate his employment upon 30 days' written notice (the "Notice Period") to the Employer in accordance with Section 10.5. The Employer may in its sole discretion elect to release the Employee from his duties prior to the expiration of the Notice Period, and pay Base Salary to the Employee for the remaining Notice Period. The Employer's election to release the Employee from his duties during the Notice Period shall not be deemed to be a constructive discharge of the Employee or termination without Cause, nor shall such release from duties accelerate the Employee's Termination Date or reduce the total time period during which the Employee must comply with the covenants contained in Section 8.

Appears in 2 contracts

Samples: Employment Agreement (J C Penney Co Inc), Employment Agreement (J C Penney Co Inc)

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Termination by the Employee without Good Reason. During the termTerm, the Employee may voluntarily terminate his employment upon 30 days' written notice (the "Notice Period") to the Employer in accordance with Section 10.5. The Employer may in its sole discretion elect to release the Employee from his duties prior to the expiration of the Notice Period, and pay Base Salary to the Employee for the remaining Notice Period. The Employer's ’s election to release the Employee from his duties during the Notice Period shall not be deemed to be a constructive discharge of the Employee or termination without Cause, nor shall such release from duties accelerate the Employee's ’s Termination Date or reduce the total time period during which the Employee must comply with the covenants contained in Section 8.

Appears in 2 contracts

Samples: Employment Agreement (J C Penney Co Inc), Employment Agreement (J C Penney Co Inc)

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