Common use of Voluntary Resignation by Employee Clause in Contracts

Voluntary Resignation by Employee. In the event that Employee voluntarily terminates his employment with the Company, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all options shall cease on the date of such termination.

Appears in 7 contracts

Samples: Employment Agreement (Replidyne Inc), Employment Agreement (Replidyne Inc), Employment Agreement (Replidyne Inc)

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Voluntary Resignation by Employee. In the event that Employee voluntarily terminates his employment with the Company, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses that were incurred but not reimbursed as of the date of terminationAccrued Compensation. Vesting of all options shall cease on the date of such termination.

Appears in 4 contracts

Samples: Non Solicitation Agreement (StarTek, Inc.), Non Solicitation Agreement (Startek Inc), Non Solicitation Agreement (Startek Inc)

Voluntary Resignation by Employee. In the event that Employee voluntarily terminates his employment with the CompanyCompany (other than for Good Reason (as defined below)), the Company’s obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, vacation and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options and/or other equity securities shall cease on the date of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Allos Therapeutics Inc), Employment Agreement (Allos Therapeutics Inc)

Voluntary Resignation by Employee. In the event that Employee voluntarily terminates his employment with the CompanyCompany (other than for Good Reason (as defined below)), the Company’s obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, vacation and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options and/or other stock awards shall cease on the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Allos Therapeutics Inc)

Voluntary Resignation by Employee. In the event that the Employee voluntarily terminates his employment with the Company, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, termination and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all options shall cease on the date of such terminationtermination .

Appears in 1 contract

Samples: Confidential Employment Agreement (Sensus Healthcare, LLC)

Voluntary Resignation by Employee. In the event that the Employee voluntarily terminates his employment with the Company, the Company’s 's obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacationpersonal time and sick leave, and any business expenses referred to in paragraph 8(b) that were incurred but not reimbursed as of the date of termination. Vesting of all options the Options shall cease on the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (CyDex Pharmaceuticals, Inc.)

Voluntary Resignation by Employee. In the event that Employee voluntarily terminates his employment with the CompanyCompany for other than Good Reason (as defined below), the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses that were incurred but not reimbursed as of the date of terminationAccrued Compensation. Vesting of all options shall cease on the date of such termination.

Appears in 1 contract

Samples: Restricted Stock Agreement (Startek Inc)

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Voluntary Resignation by Employee. In the event that Employee voluntarily terminates his employment with the CompanyCompany (other than for Good Reason (as defined below)), the Company’s obligation to make payments hereunder shall cease upon such termination, except that the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, vacation and any business expenses that were incurred but not reimbursed as of the date of termination. Vesting of all any unvested stock options or restricted stock shall cease on the date of such termination.

Appears in 1 contract

Samples: Employment Agreement (Allos Therapeutics Inc)

Voluntary Resignation by Employee. In the event that Employee voluntarily terminates his employment with the Company, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses that were incurred but not reimbursed as of the date of terminationAccrued Compensation. Vesting of all options equity awards shall cease on the date of such termination.

Appears in 1 contract

Samples: Donald Norsworthy (StarTek, Inc.)

Voluntary Resignation by Employee. In the event that Employee voluntarily terminates his her employment with the Company, the Company’s obligation to make payments hereunder shall cease upon such termination, except the Company shall pay Employee any salary earned but unpaid prior to termination, any benefits accrued prior to termination, all accrued but unused vacation, and any business expenses that were incurred but not reimbursed as of the date of terminationAccrued Compensation. Vesting of all options Options and RSU’s shall cease on the date of such termination.

Appears in 1 contract

Samples: Non Solicitation Agreement (Startek Inc)

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