Common use of Termination by the Employee Clause in Contracts

Termination by the Employee. The Employee may terminate this Agreement upon 60 Business Days prior written notice given by the Employee to the Company. The Company, at its sole discretion, may elect to accept the 60 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s employment shall terminate on the earlier day elected by the Company. Such election on the part of the Company will not alter the nature of the termination as voluntary and the Company will not be required to pay any severance or termination payments in respect of a termination by the Employee under this Section 11.1. Upon the termination of employment by the Employee under this Section 11.1 the Company shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of termination, but otherwise all obligations of the Company under this Agreement shall end.

Appears in 3 contracts

Samples: Employment Agreement (Zion Oil & Gas Inc), Employment Agreement (Zion Oil & Gas Inc), Employment Agreement (Zion Oil & Gas Inc)

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Termination by the Employee. The Employee may terminate this Agreement upon 60 Business Days prior written notice given by the Employee to the Company. The Company, at its sole discretion, may elect to accept the 60 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s 's employment shall terminate on the earlier day elected by the Company. Such election on the part of the Company will not alter the nature of the termination as voluntary and the Company will not be required to pay any severance or termination payments in respect of a termination by the Employee under this Section 11.112.1. Upon the termination of employment by the Employee under this Section 11.1 12.1 the Company shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of termination, but otherwise all obligations of the Company under this Agreement shall end.

Appears in 3 contracts

Samples: Employment Agreement (Zion Oil & Gas Inc), Employment Agreement (IDO Security Inc.), Employment Agreement (Zion Oil & Gas Inc)

Termination by the Employee. The Employee may terminate this Agreement upon 60 Business Days prior written notice given by the Employee to the Company. The Company, at its sole discretion, may elect to accept the 60 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s employment shall terminate on the earlier day elected by the Company. Such election on the part of the Company will not alter the nature of the termination as voluntary voluntary, and the Company will not be required to pay any severance or termination payments in respect of a termination by the Employee under this Section 11.1. Upon the termination of employment by the Employee under this Section 11.1 11.1, the Company shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of termination, but otherwise all obligations of the Company under this Agreement shall end.

Appears in 3 contracts

Samples: Employment Agreement (Zion Oil & Gas Inc), Employment Agreement (Zion Oil & Gas Inc), Employment Agreement (Zion Oil & Gas Inc)

Termination by the Employee. The Employee may terminate this Agreement upon 60 Business Days prior written notice given by the Employee to the CompanyCorporation. The CompanyCorporation, at its sole discretion, may elect to accept the 60 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s 's employment shall terminate on the earlier day elected by the CompanyCorporation. Such election on the part of the Company Corporation will not alter the nature of the termination as voluntary and the Company Corporation will not be required to pay any severance or termination payments in respect of a termination by the Employee under this Section 11.112.1. Upon the termination of employment by the Employee under this Section 11.1 12.1 the Company Corporation shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of termination, but otherwise all obligations of the Company Corporation under this Agreement shall end.

Appears in 2 contracts

Samples: Employment Agreement (SPO Medical Inc), Employment Agreement (SPO Medical Inc)

Termination by the Employee. The Employee may terminate this Agreement upon 60 Business Days prior written notice given by the Employee to the Company. The Company, at its sole discretion, may elect to accept the 60 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s 's employment shall terminate on the earlier day elected by the Company. Such election on the part of the Company will not alter the nature of the termination as voluntary and the Company will not be required to pay any severance or termination payments in respect of a termination by the Employee under this Section 11.1. Upon the termination of employment by the Employee under this Section 11.1 the Company shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of termination, but otherwise all obligations of the Company under this Agreement shall end.

Appears in 2 contracts

Samples: Employment Agreement (Zion Oil & Gas Inc), Employment Agreement (Zion Oil & Gas Inc)

Termination by the Employee. The Employee may terminate this Agreement upon 60 30 Business Days prior written notice given by the Employee to the Company. The Company, at its sole discretion, may elect to accept the 60 30 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s employment shall terminate on the earlier day elected by the Company. Such election on the part of the Company will not alter the nature of the termination as voluntary voluntary, and the Company will not be required to pay any severance or termination payments in respect of a termination by the Employee under this Section 11.1. Upon the termination of employment by the Employee under this Section 11.1 11.1, the Company shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of termination, but otherwise all obligations of the Company under this Agreement shall end.

Appears in 1 contract

Samples: Employment Agreement (Zion Oil & Gas Inc)

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Termination by the Employee. The Employee may terminate this Agreement upon 60 Business Days prior written notice given by the Employee to the Company. The Company, at its sole discretion, may elect to accept the 60 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s 's employment shall terminate on the earlier day elected by the Company. Such election on the part of the Company will not alter the nature of the termination as voluntary and the Company will not be required to pay any severance or termination payments in respect of a termination by the Employee under this Section 11.1. Upon the termination of employment by the Employee under this Section 11.1 the Company shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of terminationtermination (including all amounts in Bituach Menahalim fund under section 3.2) , but otherwise all obligations of the Company under this Agreement shall end.

Appears in 1 contract

Samples: Employment Agreement (Zion Oil & Gas Inc)

Termination by the Employee. The Employee may terminate this Agreement for any reason upon 60 Business Days 90 days prior written notice given by the Employee to the CompanyCorporation. The CompanyCorporation, at its sole discretion, may elect to accept the 60 90 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s employment shall terminate on the earlier day elected by the Company. Such election on the part of the Company will Corporation and Corporation shall pay to Employee otherwise required as if such notice period has not alter the nature of the termination as voluntary and the Company will not be required to pay any severance been eliminated or termination payments in respect of a termination by the Employee under this Section 11.1reduced. Upon the termination of employment by the Employee under this Section 11.1 the Company Corporation shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of termination, but otherwise all obligations of the Company Corporation under this Agreement shall end.

Appears in 1 contract

Samples: Employment Agreement (Medical Exchange Inc.)

Termination by the Employee. The Employee may terminate this Agreement upon 60 Business Days prior written notice given by the Employee to the Company. The Company, at its sole discretion, may elect to accept the 60 Business Days written notice or to reduce or eliminate the notice period. In such event, the Employee’s 's employment shall terminate on the earlier day elected by the Company. Such election on the part of the Company will not alter the nature of the termination as voluntary voluntary, and the Company will not be required to pay any severance or termination payments in respect of a termination by the Employee under this Section 11.1. Upon the termination of employment by the Employee under this Section 11.1 11.1, the Company shall pay to the Employee all bonuses and other benefits earned or accrued up to the date of termination, but otherwise all obligations of the Company under this Agreement shall end.

Appears in 1 contract

Samples: Employment Agreement (Zion Oil & Gas Inc)

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