Common use of Termination by the Executive for any Reason Clause in Contracts

Termination by the Executive for any Reason. (a) Upon a termination of the Executive’s employment hereunder in accordance with the terms and provisions of Section 7.2, the Executive shall be entitled to receive all Accrued Salary and Benefits calculated through the date such termination is effective. The Executive thereafter shall not be entitled to receive any additional compensation from the Company.

Appears in 6 contracts

Samples: Employment Agreement (QSAM Biosciences, Inc.), Employment Agreement (QSAM Biosciences, Inc.), Employment Agreement (QSAM Biosciences, Inc.)

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Termination by the Executive for any Reason. (a) Upon a termination of If the Executive’s Executive terminates employment hereunder in accordance with the terms and provisions of Section 7.2for any reason, the Executive shall be receive the salary to which she is entitled to receive all Accrued Salary and Benefits calculated through the date such on which her termination is effective. The Executive thereafter shall not becomes effective and any other benefits to which she may be entitled to receive any additional compensation from under the CompanyEmployer’s benefit plans and policies.

Appears in 1 contract

Samples: Employment Agreement (Southern Community Financial Corp)

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Termination by the Executive for any Reason. (a) Upon a termination of If the Executive’s Executive terminates employment hereunder in accordance with the terms and provisions of Section 7.2for any reason, the Executive shall be receive the salary to which he is entitled to receive all Accrued Salary and Benefits calculated through the date such on which his termination is effective. The Executive thereafter shall not becomes effective and any other benefits to which he may be entitled to receive any additional compensation from under the CompanyEmployer’s benefit plans and policies.

Appears in 1 contract

Samples: Employment Agreement (Southern Community Financial Corp)

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