VOLUNTARILY BY EMPLOYEE Sample Clauses

VOLUNTARILY BY EMPLOYEE. In the event Employee elects to voluntarily terminate his/her employment pursuant to notice as provided herein, Company shall pay Employee the prorated compensation through the date of termination and any unexercised stock options (whether vested or not) held by Employee shall automatically expire and automatically be deemed terminated and of no further force and effect upon such notice of voluntary termination. Upon payment by Company of such prorated compensation, Company shall be relieved of all further obligations to Employee under this Agreement. In such event, Employee will be bound by the provisions of Sections 5 and 6 hereof.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
VOLUNTARILY BY EMPLOYEE. Employee may, at his option, terminate his employment under this Agreement at any time upon ninety (90) days prior written notice to Employer. If Employee voluntarily terminates employment with Employer, then Employee shall receive only (i) his Base Salary and benefits earned but unpaid up to the date of termination of employment, (ii) two weeks salary, calculated based on Employee's salary then in effect at the time of termination of employment, (iii) the prorated portion of any bonuses earned but unpaid at the time of termination of employment, calculated in accordance with subsection (a)(ii) above; and, if Employee voluntarily terminates his employment pursuant to Section 20, Employee shall also be entitled to retain any exercisable stock options.
Sample 1Sample 2Sample 3See All (7)
VOLUNTARILY BY EMPLOYEE. If Employee terminates his employment voluntarily and without Good Reason and prior to the Effective Date of a Change in Control, he shall be entitled to no benefits under this Agreement.
Sample 1Sample 2Sample 3See All (4)
VOLUNTARILY BY EMPLOYEE. Employee may terminate this Agreement prior to the expiration of the Term at any time upon notice to Employer. Such voluntary termination, for reasons other than Employee commencing regular, full-time employment, shall terminate all compensation and benefits provided in Paragraphs 3 and 5 of this Agreement.
Sample 1Sample 2
VOLUNTARILY BY EMPLOYEE. Employee may terminate his employment and the Employment Term under this Agreement other than for Good Reason by providing 30 days notice to Company in which event Employee shall be entitled only to those benefits as are specifically provided under the terms of a particular benefit plan or program and salary payments under Paragraph 2 shall immediately cease.
Sample 1
VOLUNTARILY BY EMPLOYEE. If Employee terminates his employment voluntarily, Employee shall be entitled to the severance benefits provided in Paragraph 4, supplemental retirement benefits provided in Paragraph 5 and the additional medical benefits provided in Paragraph 6.
Sample 1
VOLUNTARILY BY EMPLOYEE. Employee may terminate Employee's ----------------------- employment under this Agreement upon fifteen (15) days notice to the Company. Upon the date of such termination, (i) the Company shall pay Employee any earned and unpaid salary, prorated through the date of such termination, and (ii) Employee shall be entitled to a Severance Benefit equal to the product of: (A) Two Hundred Twenty-Five Thousand Dollars ($225,000); multiplied by (B) a fraction the numerator of which is equal to the number of calendar days from the beginning of the Term through the date of Employee's termination and the denominator of which is equal to One Hundred Sixty-Six (166). The Severance Benefit shall be paid in the form of salary continuation during the number of successive pay dates necessary to pay the aggregate amount of the Severance Benefit in accordance with the Company's then existing payroll practices and shall include the continuation throughout such period of all benefits then currently enjoyed by the Employee provided that such benefits are also available to full time employees of the Company, including but not limited to health, life and disability coverage. Upon termination pursuant to this subsection, all shares of Restricted Stock that are not then vested shall be immediately forfeited back to the Company. Notwithstanding any of the foregoing, the covenants contained in Sections 8, 9, 10, 11, 13, 14, 15, 16, 17, and 19 hereof shall survive the termination of Employee's employment under this Agreement.
Sample 1
AutoNDA by SimpleDocs
VOLUNTARILY BY EMPLOYEE. Employee may terminate her employment hereunder at any time upon 45 days' prior written notice to Quarterdeck. Quarterdeck shall pay to Employee, upon Employee's termination, the unpaid Annual Base Salary to which she is entitled pursuant to subsection 3(a) prorated through Employee's termination.
Sample 1
VOLUNTARILY BY EMPLOYEE. Employee may terminate his employment under this Agreement prior to the conclusion of the term of this Agreement at any time upon reasonable notice to Employer. At such time, Employee will be entitled to Retire hereunder. (4) AUTOMATICALLY, BY EMPLOYEE COMMENCING REGULAR, FULL-TIME EMPLOYMENT PRIOR TO TERMINATION OF AGREEMENT. In the event Employee commences regular, full-time employment prior to April 30, 2003, (and not by reason of termination of employment by Employer under Section 12b. above), this Agreement shall terminate (subject to the survival provisions in Paragraph 23), and Employer shall be obligated to make such payments and provide such coverages or benefits as follows: a.
Sample 1

Related to VOLUNTARILY BY EMPLOYEE

  • Voluntary Termination by Employee Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

  • Termination by Employee Employee may terminate his employment under this Agreement by 60 days' written notice to the Company.

  • Voluntary Termination by Executive The Executive may voluntarily terminate his employment for any reason and such termination shall take effect 30 days after the receipt by Company of the Notice of Termination. Upon the effective date of such termination, Executive shall be entitled to (a) accrued and unpaid Salary and vacation through such termination date; and (b) all other compensation and benefits that were vested through such termination date. In the event Executive is terminated without notice, it shall be deemed a termination by the Company for Cause.

  • Resignation by Employee The Employee may terminate his employment by giving the Company thirty (30) days' advance notice in writing.

  • Release by Employee In consideration of the payments and severance benefits set forth in this Agreement, which consideration and severance benefits Employee was not otherwise entitled to receive, and intending to be legally bound, Employee, and all other persons or entities claiming with, by, or through his, hereby irrevocably and unconditionally releases, waives and forever discharges the Corporation, the Bank and their predecessors, successors, representatives, affiliates, subsidiaries, parents, partners and all of their present and past shareholders, directors, officers, agents, employees and attorneys, and all other persons or entities who could be said to be jointly or severally liable with them, or acting by, through, under or in concert with any of them (individually and collectively “the Releasees”) from any and all debts, liabilities, claims, actions, causes of action, rights, judgments, obligations, demands, or suits of any and whatsoever, presently asserted or not asserted, accrued or unaccrued, known or unknown, existing or contingent, apparent or concealed (“Claims”) that Employee had, now has, or may have or could claim to have against the Releasees, from the beginning of time to the date of execution of this Agreement, including, but not limited to all Claims and rights in any way arising from, might arise from, or based upon Employee’s employment with the Corporation or the Bank, or which relate in any way to the termination of Employee’s employment with the Corporation or the Bank, the termination of the Employment Agreement, the Director Emeritus Agreement and also including Title VII of Civil Rights Act of 1964, the Americans with Disabilities Act of 1990, the Rehabilitation Act of 1973, the Pennsylvania Human Relations Act, the Federal Age Discrimination in Employment Act, the Federal Older Workers Benefit Protection Act, any Whistleblower provision of any statute or law, the Employee Retirement Income Security Act of 1974, and any other statute, regulation, or law or amendments thereto. Employee further agrees that the payments and benefits described in this Agreement shall be in full satisfaction of any and all claims for payments or benefits, whether express or implied, that Employee may have against the Releasees arising out of his employment relationship, or his service as an Employee, director, officer, or employee of the Corporation or the Bank and the termination thereof, including payment under the Employment Agreement. The Parties understand that by this Release, Employee is not giving up or waiving any claims that he may have to enforce this Agreement, for any claims for accrued and vested benefits under any employee benefit plan in which Employee has a vested interest, and/or for any claims which by law he cannot waive.

  • Termination of Employment by Employee The Employee may terminate his employment at any time. However, he shall be deemed to have terminated his employment for "Good Reason" only if he terminates his employment by giving Notice of Termination pursuant to Paragraphs 6(d) and 6(e)(iii) within ninety (90) days after the occurrence of any of the following events (provided the Company does not cure such event within ten (10) days following its receipt of the Employee's Notice of Termination):

  • Voluntary Resignation by Executive Executive may voluntarily resign Executive’s position with Company for any reason, at any time after the Effective Date, on five (5) days’ advance written notice. In the event of Executive’s resignation, Executive will be entitled to receive only the Base Salary for the five-day notice period and no other amount (other than amounts to which Executive is entitled pursuant to Section 5 or 6 hereof). All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished upon termination of employment. In addition, Executive will not be entitled to receive any other Severance Benefits described in Section 7.2, above. The provisions of this Section 7.4 shall not apply to Executive’s resignation for Good Reason.

  • Termination by Employee with Good Reason Employee may terminate his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth with reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such thirty (30) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Employee’s termination will be effective upon the date immediately following the expiration of the thirty (30) day notice period, and Employee shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Employee’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement.

  • Termination by Executive with Good Reason Executive may terminate Executive’s employment with Good Reason by providing the Company fifteen (15) days’ written notice setting forth in reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such fifteen (15) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Executive’s termination will be effective upon the date immediately following the expiration of the fifteen (15) day notice period, and Executive shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Executive’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following termination of Executive’s employment by Executive with Good Reason, except as set forth in this Section 8(e), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Voluntary Termination by the Executive Notwithstanding anything in this Agreement to the contrary, the Executive may, upon not less than thirty (30) days' written notice to the Company, voluntarily terminate employment for any reason (including retirement under the terms of the Company's retirement plan as in effect from time to time).

Time is Money Join Law Insider Premium to draft better contracts faster.