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

Voluntary Termination by Executive Without Good Reason. Executive may terminate her employment hereunder at any time by giving the Company prior written Notice of Termination at least 90 days prior to such termination; provided that the Board may, in its sole discretion, terminate Executive’s employment hereunder prior to the expiration of the 90-day notice period. In such event and upon the expiration of such 90-day period (or such shorter time as the Board in its sole discretion may determine), Executive’s employment hereunder shall immediately and automatically terminate.

Appears in 1 contract

Samples: Employment Agreement (Emtec Inc/Nj)

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Voluntary Termination by Executive Without Good Reason. In the event Executive may terminate her terminates his employment hereunder at any time by giving with the Company prior written Notice without Good Reason, the Company shall pay to Executive his full Basic Salary through the Date of Termination at the rate then in effect and the Company shall have no further obligations to Executive under this Agreement. In the event Executive terminates his employment with the Company without Good Reason, Executive shall give the Company at least 90 days three (3) months advance notice of such termination of employment if such termination is to occur prior to such termination; provided that the Board mayDecember 31, in its sole discretion, terminate Executive’s employment hereunder prior to the expiration of the 90-day 2005 and at least one (1) month advance notice period. In such event and upon the expiration of such 90-day period (termination of employment if such termination is to occur on or such shorter time as the Board in its sole discretion may determine)after December 31, Executive’s employment hereunder shall immediately and automatically terminate2005.

Appears in 1 contract

Samples: Executive Employment Agreement (Barry R G Corp /Oh/)

Voluntary Termination by Executive Without Good Reason. Executive may terminate her employment hereunder ------------------------------------------------------ may, by notice to the Company at any time by giving during the Employment Period, voluntarily resign without Good Reason from employment with the Company prior written Notice of Termination at least 90 days prior to such termination; provided that and terminate the Board may, in its sole discretion, terminate Executive’s employment hereunder prior to the expiration of the 90-day notice periodEmployment Period. In such event and upon the expiration The effective date of such 90-day period termination shall be the date that is thirty (or 30) days following the date on which such shorter time as the Board in its sole discretion may determine), Executive’s employment hereunder shall immediately and automatically terminatenotice is given.

Appears in 1 contract

Samples: Employment Agreement (Medallion Financial Corp)

Voluntary Termination by Executive Without Good Reason. Executive may terminate her employment hereunder may, by written notice to the Company at any time by giving during his employment with the Company prior written Notice of Termination at least 90 days prior to such termination; provided that Company, voluntarily resign without Good Reason from employment with the Board may, in its sole discretion, terminate Executive’s employment hereunder prior to the expiration of the 90-day notice periodCompany. In such event and upon the expiration The effective date of such 90-day period (or such shorter time as resignation shall be the Board in its sole discretion may determine), Executive’s employment hereunder shall immediately and automatically terminatedate that is 30 days following the date Executive gives written notice.

Appears in 1 contract

Samples: Employment Agreement (Medallion Financial Corp)

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Voluntary Termination by Executive Without Good Reason. Executive may terminate her employment hereunder may, by notice to the Company at any time by giving during the Employment Period, voluntarily resign without Good Reason from employment with the Company prior written Notice of Termination at least 90 days prior to such termination; provided that and terminate the Board may, in its sole discretion, terminate Executive’s employment hereunder prior to the expiration of the 90-day notice periodEmployment Period. In such event and upon the expiration The effective date of such 90-day period termination shall be the date that is thirty (or 30) days following the date on which such shorter time as the Board in its sole discretion may determine), Executive’s employment hereunder shall immediately and automatically terminatenotice is given.

Appears in 1 contract

Samples: Employment Agreement (Medallion Financial Corp)

Voluntary Termination by Executive Without Good Reason. The Executive may voluntarily terminate her his employment hereunder at any time by giving the Company prior upon 60 days written Notice of Termination at least 90 days prior to such termination; provided that the Board may, in its sole discretion, terminate Executive’s employment hereunder prior notice to the expiration of Company. The Company may then terminate the 90-day notice period. In Executive on or after the date it receives such event and upon the expiration of such 90-day period (or such shorter time as the Board in its sole discretion may determine), Executive’s employment hereunder shall immediately and automatically terminatenotification.

Appears in 1 contract

Samples: Employment Agreement (Lawson Products Inc/New/De/)

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