Termination of Employment by Executive. The Executive may terminate his employment at any time. In such event, the Company shall continue to pay to the Executive in the ordinary and normal course of its business his Salary and earned Warrants and Shares (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.
Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. If any such termination shall occur on or before December 31st, 2001, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by (ii) the greater of (A) the number of years and any portion of a year remaining in the term of this Agreement or (B) two (subject to applicable payroll and/or other taxes required by law to be withheld). If any such termination shall occur after December 31st, 2001, then, in such event, not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive, in cash, an amount equal to (i) the Executive's Compensation, determined as of the date of the Termination Notice, multiplied by two (subject to applicable payroll and/or other taxes required by law to be withheld).
Termination of Employment by Executive. (a) In addition to his rights under Section 5 hereof, Executive may terminate employment with the Company without cause as of a specified date not less than 30 days and not more than 90 days after delivering written notice of such termination to the Company. Upon the effective date of such termination, Executive's right to receive the compensation provided for in Section 3 of this Agreement shall terminate. The Company may at any time in its sole discretion waive all or part of the notice period and specify any day in such period that has not yet occurred as the date of termination for purposes of this Section 6(a); in the event of such occurrence, the Company shall pay Executive the amount of the compensation provided for in Section 3 of this Agreement for the remainder of the notice period given by Executive.
Termination of Employment by Executive. The Executive may terminate his employment at any time with or without Good Reason.
Termination of Employment by Executive. (a) The Executive may terminate this Agreement at any time with Good Reason. In such event, (i) not later than the Termination Date specified in the Termination Notice, the Company shall pay to the Executive an amount in cash equal to the sum of the Executive's Compensation for 30 days (subject to applicable payroll and/or other taxes required by law to be withheld) determined as of the date of such Termination Notice through the remaining term of the Agreement and (ii) the restrictions set forth in Section 9.1(b) hereof shall not be applicable to the Executive.
Termination of Employment by Executive. Executive may terminate his own employment with the Company with or without cause upon thirty (30) days prior written notice to the Company. Executive shall be required to perform Executive’s job duties and will be paid his base salary through his last date of employment. At the option of the Company, the Company may require Executive to terminate employment at any time during the thirty (30) day notice period. In such event, Company will pay Executive his base salary for the remainder of the thirty (30) day notice period. Executive shall, in addition, receive his pro-rated auto allowance through his last date of employment as well as a pro-rated bonus, if any, earned under the terms of the Management Incentive Plan. Executive shall not be entitled to any other payments or benefits of any kind except as provided in applicable benefit plan documents, stock option and/or restricted stock agreements, or pursuant to the penultimate sentence of Section 14 hereof.
Termination of Employment by Executive. Executive may terminate his employment hereunder for Good Reason. As used herein, "Good Reason" means any of the following:
Termination of Employment by Executive. The Executive may terminate his employment at any time with or without Good Reason. With the exception of personal hardship, the Executive is expected to provide thirty (30) days notice of a voluntary termination of employment.
Termination of Employment by Executive. Executive may terminate his employment upon thirty (30) days written notice to the President and CEO. Unless otherwise provided herein, if the Executive terminates his employment, the Executive shall only be entitled to base compensation through the last day actually worked as well as any bonus compensation for which the work period and performance criteria have been fully met. The Board may provide the Executive with additional compensation, if the Board in its discretion deems such additional compensation warranted. Also, the disposition of any and all stock options granted by the Corporation to the Executive will be governed by the 1997 Incentive Plan.
Termination of Employment by Executive. The employment of Executive under this Agreement shall be deemed to have been terminated by Executive for "Good Reason" if Executive voluntarily terminates employment following the occurrence of a material breach by Destia of any of its obligations under this Agreement; provided, however, that Executive shall provide written notice of such material breach within thirty (30) days after Executive's discovery of such material breach and Destia shall have the opportunity to cure such default within thirty (30) days after receipt of such written notice. If Destia does not cure the default within such time, then Executive's employment shall be deemed to have been terminated for Good Reason by Executive, thirty (30) days after receipt of such written notice by Destia, or such shorter period as Destia may elect. No resignation or other voluntary termination by Executive other than pursuant to this Section 7 shall be deemed under any circumstances to be a termination with Good Reason, a "constructive termination" or otherwise not in breach of Executive's obligations under this Agreement.
