Common use of Termination on Account of Voluntary Resignation Without Good Reason Clause in Contracts

Termination on Account of Voluntary Resignation Without Good Reason. If the Executive voluntarily terminates his employment with the Company without Good Reason, the Company shall deliver payment to the Executive of any Accrued Obligations earned as of the date of termination in a lump sum cash payment within thirty (30) days of Executive’s termination of employment. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates on account of a resignation by Executive for no reason or any reason other than on account of Good Reason, no severance payments otherwise described in Section 14 below shall be paid to Executive.