Common use of Voluntary Resignation without Good Reason Clause in Contracts

Voluntary Resignation without Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in Section 5(f), Executive will be entitled only to payment of those benefits listed in Section 5(a). The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the fiscal year in which such termination date occurs), or severance payment of any kind.

Appears in 3 contracts

Samples: Employment Agreement (Ddi Corp), Employment Agreement (Ddi Corp), Employment Agreement (Ddi Corp)

AutoNDA by SimpleDocs

Voluntary Resignation without Good Reason. In the event that the Executive voluntarily resigns for without Good Reason on or after the Effective Date, the Executive shall not receive any payments, benefits, or other amounts provided by this Agreement (but shall still be subject to the restrictive covenants set forth in Section 5 of this Agreement) other than Good Reason as defined above in Section 5(f), Executive will be entitled only to payment of those benefits listed in Section 5(a)required under applicable law. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due -13- Executive may, however, be eligible for certain benefits under the Company’s tax-qualified pension and payable to Executive with respect to the fiscal year in which such termination date occurs), or severance payment of any kindother employee benefit plans.

Appears in 3 contracts

Samples: Employment Agreement (Bally Total Fitness Holding Corp), Employment Agreement (Bally Total Fitness Holding Corp), Employment Agreement (Bally Total Fitness Holding Corp)

Voluntary Resignation without Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in Section 5(fsubsection 4(e), Executive will be entitled only to payment of those benefits listed in Section 5(a)any earned but unpaid compensation through the termination date. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the fiscal year in which such termination date occurs), or severance payment of any kind.

Appears in 2 contracts

Samples: Employment Agreement (Ddi Corp), Employment Agreement (Ddi Corp)

Voluntary Resignation without Good Reason. In the event that the Executive voluntarily resigns for without Good Reason on or after the Effective Date, the Executive shall not receive any payments, benefits, or other amounts provided by this Agreement (but shall still be subject to the restrictive covenants set forth in Section 5 of this Agreement) other than Good Reason as defined above in Section 5(f), Executive will be entitled only to payment of those benefits listed in Section 5(a)required under applicable law. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due Executive may, however, be eligible for certain benefits under the Company’s tax-qualified pension and payable to Executive with respect to the fiscal year in which such termination date occurs), or severance payment of any kindother employee benefit plans.

Appears in 2 contracts

Samples: Employment Agreement (Bally Total Fitness Holding Corp), Employment Agreement (Bally Total Fitness Holding Corp)

Voluntary Resignation without Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in Section 5(fsubsection 4(e), Executive will be entitled only to payment of those benefits listed in Section 5(a)any earned but unpaid Base Salary through the termination date and accrued but unused vacation to the extent required by applicable law. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the fiscal year in which such termination date occurs), or severance payment of any kind.

Appears in 1 contract

Samples: Employment Agreement (Ddi Corp)

AutoNDA by SimpleDocs

Voluntary Resignation without Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in Section 5(f), Executive will be entitled only to payment of those benefits listed in Section 5(a). The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the fiscal year in which such termination date occurs), ) or severance payment of any kind.

Appears in 1 contract

Samples: Employment Agreement (Ddi Corp)

Voluntary Resignation without Good Reason. In the event that the Executive resigns for other than without Good Reason as defined above in Section 5(f5 (d), Executive will be entitled only to payment of those benefits listed in Section 5(a)the Accrued Benefits through the termination date. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the fiscal year in which such termination date occurs), or severance payment payments of any kind.

Appears in 1 contract

Samples: Employment Agreement (Commerce Energy Group, Inc.)

Voluntary Resignation without Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in Section 5(fsubsection 4(e), Executive will be entitled only to payment of those benefits listed in Section 5(a)any earned but unpaid compensation through the termination date and accrued but unused vacation to the extent required by applicable law. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the fiscal year in which such termination date occurs), or severance payment of any kind.

Appears in 1 contract

Samples: Employment Agreement (Ddi Corp)

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