Common use of Voluntary Termination by Employee Clause in Contracts

Voluntary Termination by Employee. Employee may terminate Employee’s employment voluntarily upon sixty (60) days prior written notice to the Employer. In the event of a voluntary termination by Employee, Employee shall be entitled to receive his Base Salary payable to the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employee.

Appears in 24 contracts

Samples: Employment Agreement (Aml Communications Inc), Employment Agreement (Aml Communications Inc), Employment Agreement (Aml Communications Inc)

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Voluntary Termination by Employee. The Employee may voluntarily terminate Employee’s employment voluntarily with the Company during the term of this Agreement, upon sixty (60) days at least 60 days’ prior written notice to the Employer. In Board, in which case the event of a voluntary termination by Employee, Employee shall be entitled to receive receive, only his Base Salary payable compensation, vested rights and employee benefits accrued up to the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeehis termination.

Appears in 8 contracts

Samples: Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc), Employment Agreement (Hopfed Bancorp Inc)

Voluntary Termination by Employee. Employee may terminate Employee’s employment voluntarily upon sixty (60) days prior this Agreement at any time by giving 60 days’ written notice to the Employer. In the event of a voluntary If Employee voluntarily terminates his employment for reasons other than Employee’s death, disability, or constructive termination by Employeewithout Cause, Employee he shall be entitled to receive his Base Salary payable to the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employee.to:

Appears in 6 contracts

Samples: Employment Agreement (Euronet Worldwide Inc), Employment Agreement (Euronet Worldwide Inc), Employment Agreement (Euronet Worldwide Inc)

Voluntary Termination by Employee. Employee may terminate Employee’s employment voluntarily upon sixty (60) days prior this Agreement at any time by giving 60 days’ written notice to the EmployerCompany. In the event of a voluntary If Employee voluntarily terminates his employment for reasons other than Employee’s death, disability, or constructive termination by Employeewithout Cause, Employee he shall be entitled to receive his Base Salary payable to the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employee.to:

Appears in 6 contracts

Samples: Severance Agreement (Layne Christensen Co), Severance Agreement (Layne Christensen Co), Severance Agreement (Layne Christensen Co)

Voluntary Termination by Employee. Employee may terminate Employee’s employment voluntarily this Agreement at any time upon sixty delivering ninety (6090) days prior days' written notice of resignation to the EmployerCompany. In the event of a such voluntary termination by Employee(other than for Good Reason), Employee shall be entitled only to receive his Base Salary payable to salary and the unpaid performance bonus, if any, for the calendar year preceding the calendar year in which the termination date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeeoccurs.

Appears in 4 contracts

Samples: Employment Agreement (Da Consulting Group Inc), Employment Agreement (Da Consulting Group Inc), Employment Agreement (Da Consulting Group Inc)

Voluntary Termination by Employee. Employee may terminate Employee’s his employment voluntarily upon sixty under this Employment Agreement at any time by giving at least ninety (6090) days prior written notice to the Employer. In the any such event of (other than a voluntary termination by Employeepursuant to subparagraph 1(c) above), Employee Employer shall be entitled to receive his Base Salary payable not, subject to the date other provisions of termination this Employment Agreement, be obligated to make any further payments or provide any further benefits under this Employment Agreement other than amounts accrued at the time of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeesuch termination.

Appears in 3 contracts

Samples: Employment Agreement (Fpic Insurance Group Inc), Employment Agreement (Fpic Insurance Group Inc), Employment Agreement (Fpic Insurance Group Inc)

Voluntary Termination by Employee. The Employee may terminate Employee’s his employment voluntarily hereunder upon sixty giving at least ten (6010) days business days' prior written notice. If the Employee gives notice pursuant to Section 7(a) above, the Employer. In Employer shall have the event of a voluntary termination by right to relieve the Employee, Employee shall be entitled to receive in whole or in part, of his Base Salary payable to duties under this Agreement (without reduction in compensation through the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeedate).

Appears in 3 contracts

Samples: Revised Employment Agreement (MobileBits Holdings Corp), Employment Agreement (MobileBits Holdings Corp), Amended Employment Agreement (MobileBits Holdings Corp)

Voluntary Termination by Employee. Employee may voluntarily terminate Employee’s employment voluntarily upon sixty at any time by giving at least thirty (6030) days prior written notice to the Employer. In the event of a voluntary termination by Employeesuch event, Employee shall be entitled to receive his Base Salary payable to the date of termination of employment. have no further obligation hereunder, except that Employee shall not be receive all compensation and other benefits in which he was vested or to which he was otherwise entitled to receive any additional compensation or benefits under Section 4 and will forfeit all unvested Restricted Stock previously granted to Employeethe plans and programs provided therein, by reason of his employment through the Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (Merchants & Manufacturers Bancorporation Inc), Employment Agreement (Merchants & Manufacturers Bancorporation Inc)

Voluntary Termination by Employee. Employee may terminate Employee’s employment voluntarily upon sixty this Employment Agreement at any time by giving at least ninety (6090) days prior written notice to Employer, with no further obligation on Employer's part after the Employereffective date of such termination. In It is agreed that should Employee voluntarily terminate Employee's employment prior to the event end of a voluntary termination by Employeethe initial term of this Employment Agreement, Employee shall be entitled forfeit all rights to receive his Base Salary payable to compensation and all benefits based upon compensation occurring after the effective date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeesuch termination.

Appears in 2 contracts

Samples: Employment Agreement (Fpic Insurance Group Inc), Employment Agreement (Fpic Insurance Group Inc)

Voluntary Termination by Employee. Employee may shall have the right to terminate Employee’s employment voluntarily this agreement for any reason other than change of control or good reason as set forth hereinabove, upon sixty (60) days prior written notice to the Employer. In the event of a voluntary termination by EmployeeEmployee other than for good reason or change of control, Employee shall be entitled to receive his Base Salary payable any compensation or benefits due and owing to Employee up to the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeetermination.

Appears in 1 contract

Samples: Employment Agreement (Westmark Group Holdings Inc)

Voluntary Termination by Employee. The Employee may voluntarily terminate Employee’s employment voluntarily upon sixty his Employment at any time by providing at least fourteen (6014) days days' prior written notice to the Employer. In Company, in which event, (i) the event of a voluntary termination by Employee, Company will pay to the Employee shall be entitled to receive his Base Salary payable accrued and unpaid to the date the employment terminates, and (ii) all the rights and benefits the Employee may have under any Company health and welfare benefit plans will be determined in accordance with the terms and conditions of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeethose plans.

Appears in 1 contract

Samples: Employment Agreement (Omega Protein Corp)

Voluntary Termination by Employee. The Employee may voluntarily terminate Employee’s employment voluntarily upon sixty (60) days his Employment at any time by providing at least 20 days' prior written notice to the Employer. In Company, in which event, (i) the event of a voluntary termination by Employee, Company will pay to the Employee shall be entitled to receive his Base Salary payable accrued and unpaid to the date the employment terminates, and (ii) all the rights and benefits the Employee may have under the Compensation Plans and Medical Plans of termination the Company will be determined in accordance with the terms and conditions of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeethose plans.

Appears in 1 contract

Samples: Change of Control and Severance Agreement (Omega Protein Corp)

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Voluntary Termination by Employee. Employee may voluntarily terminate Employee’s employment voluntarily upon sixty at any time by giving at least ninety (6090) days days' prior written notice to the Employer. In such event, the event of a voluntary termination by EmployeeEmployer shall have no further obligation hereunder, except that Employee shall be receive all compensation and other benefits in which he was vested or to which he was otherwise entitled to receive under Section 3 and the plans and programs provided therein by reason of his Base Salary payable to employment through the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to EmployeeTermination Date.

Appears in 1 contract

Samples: Agreement (First Banking Center Inc)

Voluntary Termination by Employee. Employee may agrees not to voluntarily terminate Employee’s his employment voluntarily upon sixty (60) hereunder except by giving at least 60 days prior written notice to the EmployerCompany. In the event of a Upon such voluntary termination by Employee, Employee shall be entitled to receive only the accrued but unpaid portion of his Base Salary payable to (but not any bonus) through the date of termination of employment. and the accrued and vested rights and benefits under any Employee shall not be benefits plan which he was entitled to receive any additional compensation or benefits at the date of such termination, subject to the terms and will forfeit all unvested Restricted Stock previously granted to Employeeconditions of such plans.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Metretek Technologies Inc)

Voluntary Termination by Employee. Employee may terminate Employee’s his employment voluntarily upon with Employer by providing to Employer at least sixty (60) days prior written notice to the Employerof such termination provided in accordance with Section 12 of this Agreement. In the event of a voluntary termination by Employeethat Employee voluntarily terminates his employment with Employer, Employee he shall be entitled to receive his Base Salary payable compensation only through the last day in which he provides services to the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to EmployeeEmployer.

Appears in 1 contract

Samples: Employment Agreement (Florida Bank Group, Inc.)

Voluntary Termination by Employee. Employee may terminate Employee’s employment voluntarily upon sixty the Employment by giving Employer written notice specifying the date that Employee shall no longer work for Employer (60the “Termination Date”). Employee shall provide Employer with Fourteen (14) days prior written notice to the Employer. In in the event of a voluntary termination by Employee, termination. Employer shall pay Employee shall be entitled to receive his Base Salary payable to the compensation due him or her as of the date of termination of employment. Employee shall not be entitled less any monies owed to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to EmployeeEmployer.

Appears in 1 contract

Samples: Employment Agreement

Voluntary Termination by Employee. Employee may terminate Employee’s his employment voluntarily upon at any time by giving sixty (60) days prior written notice to the EmployerCompany. In the event of a voluntary termination by EmployeeEmployee voluntarily terminates his employment as provided in this Section 8.3, Employee shall be entitled to receive his Base Salary payable to the date of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employee.following:

Appears in 1 contract

Samples: Employment Agreement (Las Vegas Sands Corp)

Voluntary Termination by Employee. If Employee's employment is terminated voluntarily by Employee, Employee may terminate Employee’s employment voluntarily upon shall provide Employer with sixty (60) days prior written notice of such termination; provided, however, Employer may elect, in its sole discretion, to the Employer. In the event terminate Employee's employment immediately upon receipt of a voluntary termination by Employee, Employee shall be entitled to receive his Base Salary payable to the date 's notice of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeetermination.

Appears in 1 contract

Samples: Employment Agreement (Insignia Systems Inc/Mn)

Voluntary Termination by Employee. The Employee may voluntarily terminate Employee’s employment voluntarily upon sixty his Employment at any time by providing at least fourteen (6014) days days’ prior written notice to the Employer. In Company, in which event, (i) the event of a voluntary termination by Employee, Company will pay to the Employee shall be entitled to receive his Base Salary payable accrued and unpaid to the date the employment terminates, and (ii) all the rights and benefits the Employee may have under any Company health and welfare benefit plans will be determined in accordance with the terms and conditions of termination of employment. Employee shall not be entitled to receive any additional compensation or benefits and will forfeit all unvested Restricted Stock previously granted to Employeethose plans.

Appears in 1 contract

Samples: Employment Agreement (Omega Protein Corp)

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