Common use of Voluntary Resignation Clause in Contracts

Voluntary Resignation. Executive may resign his or her employment and terminate this Agreement at any time for any reason other than due to a Constructive Termination (as defined in Section 6.6(c) herein). In such event, the Company shall pay Executive all Accrued Compensation (as defined in Section 6.2(c) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate.

Appears in 13 contracts

Samples: Employment Agreement (Neurocrine Biosciences Inc), Employment Agreement (Neurocrine Biosciences Inc), Employment Agreement (Neurocrine Biosciences Inc)

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Voluntary Resignation. If the Executive may resign terminates his or her employment and terminate this Agreement voluntarily, then the Executive shall not be entitled to receive payment of any severance benefits. The Company further shall have the option, in its sole discretion, to make the Executive’s termination effective at any time for any reason other than due prior to a Constructive Termination (the end of notice period required under Section 5.1.2 as defined in Section 6.6(c) herein). In such event, long as the Company provides Executive with all compensation to which he would be entitled for continuing employment through the last day of the notice period. Thereafter, all obligations of the Company under this Agreement shall pay Executive all Accrued Compensation (as defined in Section 6.2(c) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminatecease.

Appears in 10 contracts

Samples: Employment Agreement (China Biologic Products, Inc.), Employment Agreement (China Biologic Products, Inc.), Employment Agreement (China Biologic Products Holdings, Inc.)

Voluntary Resignation. If the Executive may resign terminates his or her employment and terminate this Agreement voluntarily, then the Executive shall not be entitled to receive payment of any severance benefits. The Company further shall have the option, in its sole discretion, to make Executive’s termination effective at any time for any reason other than due prior to a Constructive Termination (the end of notice period required under Section 5.1.2 as defined in Section 6.6(c) herein). In such event, long as the Company provides Executive with all compensation to which he would be entitled for continuing employment through the last day of the notice period. Thereafter, all obligations of the Company under this Agreement shall pay Executive all Accrued Compensation (as defined in Section 6.2(c) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminatecease.

Appears in 7 contracts

Samples: Executive Employment Agreement (Cyber Informatix, Inc.), Executive Employment Agreement (Goldenway, Inc.), Employment Agreement (China Biologic Products, Inc.)

Voluntary Resignation. If the Executive may resign his or her employment voluntarily leaves the employ of the Company during the Term of this Agreement, the duties of the Company and terminate the Executive, one to the other, under this Agreement at any time shall terminate as of the date of the Executive's termination of employment, provided, however, that if Executive voluntarily leaves the employ of the Company during the Term of this Agreement under circumstances that constitute a Resignation for any reason other than due to Good Reason after a Constructive Termination (as defined in Section 6.6(c) herein). In such eventChange of Control, the Company shall pay Executive all Accrued Compensation (as defined provide the severance payments and other benefits, specified in Section 6.2(c) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate7 below.

Appears in 5 contracts

Samples: Employment Agreement (Aslahan Enterprises Ltd.), Employment Agreement (Aslahan Enterprises Ltd.), Employment Agreement (Aslahan Enterprises Ltd.)

Voluntary Resignation. Executive may resign his or her employment and terminate this Agreement at any time for any reason other than due to a Constructive Termination (as defined in Section 6.6(c) herein). In such event, event the Company shall pay Executive all Accrued Compensation (as defined in Section 6.2(c6.2(b) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate.

Appears in 3 contracts

Samples: Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.)

Voluntary Resignation. If the Executive may resign terminates his or her employment and terminate this Agreement at any time for any reason other than due with the Company pursuant to a Constructive Termination (as defined in Section 6.6(c5(a)(v) herein). In such eventhereof, the Company shall pay have no obligation to compensate the Executive all Accrued Compensation (as defined in following the Date of Resignation, except for the payment of accrued and unpaid salary pursuant to Section 6.2(c4(a) herein)through the Date of Resignation. In any event, but no other compensation or reimbursement of any kindat the Executive's own expense, including without limitation, any severance compensation or benefits the Executive and his dependents shall be paid, and thereafter the Company’s obligations hereunder shall terminateentitled to any continuation of health insurance coverage rights under any applicable law.

Appears in 2 contracts

Samples: Employment Agreement (Bioshield Technologies Inc), Employment Agreement (Bioshield Technologies Inc)

Voluntary Resignation. At any time, the Executive may resign shall have the right to terminate his employment hereunder by written or her employment oral notice to the Company of his voluntary resignation. Upon any termination pursuant to this Section 5.5, the Executive shall be entitled to be paid his Base Salary to the date of termination and terminate this Agreement at any time for any reason other than due to a Constructive Termination (as defined in Section 6.6(c) herein). In such event, the Company shall pay Executive all Accrued Compensation have no further liability hereunder (as defined in other than for reimbursement for reasonable business expenses incurred prior to the date of termination, subject, however, to the provisions of Section 6.2(c) herein4.1), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate.

Appears in 2 contracts

Samples: Employment Agreement (Winsloew Furniture Inc), Employment Agreement (Winsloew Furniture Inc)

Voluntary Resignation. If the Executive may resign terminates his or her employment and terminate this Agreement at any time for any reason other than due with the Company pursuant to a Constructive Termination (as defined in Section 6.6(c5(c) herein). In such eventhereof, the Company shall pay have no obligation to compensate the Executive all Accrued Compensation (as defined in following the Date of Resignation, except for the payment of accrued and unpaid salary pursuant to Section 6.2(c4(a) herein)through the Date of Resignation. In any event, but no other compensation or reimbursement of any kindat the Executive's own expense, including without limitation, any severance compensation or benefits the Executive and his dependents shall be paid, and thereafter the Company’s obligations hereunder shall terminateentitled to any continuation of health insurance coverage rights under any applicable law.

Appears in 2 contracts

Samples: Employment Agreement (Bioshield Technologies Inc), Employment Agreement (Bioshield Technologies Inc)

Voluntary Resignation. If the Executive may resign his or her employment voluntarily leaves the employ of the Company during the Term of this Agreement, the duties of the Company and terminate the Executive, one to the other, under this Agreement at any time shall terminate as of the date of the Executive's termination of employment, provided, however, that if Executive voluntarily leaves the employ of the Company during the Term of this Agreement under circumstances that constitute a Resignation for any reason other than due to a Constructive Termination (as defined in Section 6.6(c) herein). In such eventGood Reason, the Company shall pay Executive all Accrued Compensation (as defined provide the severance payments and other benefits, if any, specified in Section 6.2(c) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate7 below.

Appears in 2 contracts

Samples: Employment Agreement (Elcom International Inc), Employment Agreement (Elcom International Inc)

Voluntary Resignation. Executive may resign his or her Executive’s employment and terminate this Agreement at any time for any reason other than due to a Constructive Termination (as defined in Section 6.6(c) herein). In such event, the Company shall pay Executive all Accrued Compensation (as defined in Section 6.2(c6.2(b) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate.

Appears in 2 contracts

Samples: Employment Agreement (Travere Therapeutics, Inc.), Employment Agreement (Travere Therapeutics, Inc.)

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Voluntary Resignation. If the Executive may resign his or her employment voluntarily leaves the employ of the Company during the Term of this Agreement, the duties of the Company and terminate the Executive, one to the other, under this Agreement at any time shall terminate as of the date of the Executive's termination of employment, provided, however, that if Executive voluntarily leaves the employ of the Company during the Term of this Agreement under circumstances that constitute a Resignation for any reason other than due to Good Reason after a Constructive Termination (as defined in Section 6.6(c) herein). In such eventChange of Control, the Company shall pay Executive all Accrued Compensation (as defined provide the severance payments and other benefits, if any, specified in Section 6.2(c) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate7 below.

Appears in 1 contract

Samples: Employment Agreement (Elcom International Inc)

Voluntary Resignation. At any time, the Executive may resign shall have the right to terminate his employment hereunder by written or her employment oral notice to the Company of his voluntary resignation. Upon any termination pursuant to this Section 5.5, the Executive shall be entitled to be paid his Base Salary to the date of termination and terminate this Agreement at any time for any reason other than due to a Constructive Termination (as defined in Section 6.6(c) herein). In such event, the Company shall pay Executive all Accrued Compensation have no further liability hereunder (as defined in other than for reimbursement for reasonable business expenses incurred prior to the date of termination, subject, however, to the provisions of Section 6.2(c) herein4.1), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate. 10.

Appears in 1 contract

Samples: Employment Agreement (Winsloew Furniture Inc)

Voluntary Resignation. Executive may resign his or her employment and terminate this Agreement at any time for any reason other than due to a Constructive Termination (as defined in Section 6.6(c) herein). In such event, event the Company shall pay Executive all Accrued Compensation (as defined in Section 6.2(c6.2(b) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate.

Appears in 1 contract

Samples: Employment Agreement (Retrophin, Inc.)

Voluntary Resignation. If Executive may resign his or her employment voluntarily leaves the employ of the Company during the Term of this Agreement, the duties of the Company and terminate Executive, one to the other, under this Agreement at any time shall terminate as of the date of Executive's termination of employment, provided, however, that if Executive voluntarily leaves the employ of the Company during the Term of this Agreement under circumstances that constitute a Resignation for any reason other than due to Good Reason after a Constructive Termination (as defined in Section 6.6(c) herein). In such eventChange of Control, the Company shall pay Executive all Accrued Compensation (as defined provide the severance payments and other benefits, if any, specified in Section 6.2(c) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate7 below.

Appears in 1 contract

Samples: Employment Agreement (Aslahan Enterprises Ltd.)

Voluntary Resignation. Executive may resign his or her employment and terminate this Agreement at any time for any reason other than due to a Constructive Termination (as defined in Section 6.6(c) herein). In such event, event the Company shall pay Executive all Accrued Compensation (as defined in Section 6.2(c) herein), but no other compensation or reimbursement of any kind, including without limitation, any severance compensation or benefits shall be paid, and thereafter the Company’s obligations hereunder shall terminate.

Appears in 1 contract

Samples: Employment Agreement (Retrophin, Inc.)

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