Common use of Voluntary Termination by Executive Without Good Reason Clause in Contracts

Voluntary Termination by Executive Without Good Reason. If Executive's employment with the Company is Voluntarily Terminated by Executive without Good Reason, the Company shall pay to Executive all Base Compensation and bonus accrued through the date of termination pursuant to Sections 4(a) and 4(b) above, whereupon the Company shall have no further obligations to Executive under this Agreement. Executive and his dependents, if any, shall also be entitled to any continuation health insurance coverage rights available under applicable law. Without waiving any rights the Company may have hereunder or otherwise, the Company hereby expressly reserves its rights to proceed against Executive for damages in connection with any claim or cause of action that the Company may have arising out of or related to Executive's employment hereunder.

Appears in 8 contracts

Samples: Executive Employment Agreement (N2h2 Inc), Executive Employment Agreement (N2h2 Inc), Executive Employment Agreement (N2h2 Inc)

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Voluntary Termination by Executive Without Good Reason. If Executive's employment with the Company is Voluntarily Terminated by Executive without Good Reason, the Company shall pay to Executive all Base Compensation and bonus accrued through the date of termination pursuant to Sections 4(a) and 4(b) above, whereupon the Company shall have no further obligations to Executive under this Agreement. Executive and his dependents, if any, shall also be entitled to any continuation health insurance coverage rights available under applicable law. Without waiving any rights the Company may have hereunder or otherwise, the Company hereby expressly reserves its rights to proceed against Executive for damages in connection with any claim or cause of action that the Company may have arising out of or related to Executive's employment hereunder.. (f)

Appears in 1 contract

Samples: Employment and Noncompetition Agreement

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