Voluntarily Terminate definition

Voluntarily Terminate. See Section 13.1.
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Voluntarily Terminate means any employee who resigns from the Company (or its directly or indirectly held Affiliates which shall include ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Group, LLC (and its subsidiaries)); provided, however, an employee shall not be deemed to “Voluntarily Terminate” his employment with the Company (or its directly or indirectly held Affiliates which shall include ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Group, LLC (and its subsidiaries)) if (x) such employee terminates his employment with the Company (or its directly or indirectly held Affiliates which shall include ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Group, LLC (and its subsidiaries)) within 4 months after the end of a calendar year in which such employee’s total compensation decreases by more than 20 percent from his compensation for the prior calendar year and if such reduction is solely as a result of sales management decisions by the Company (or its directly or indirectly held Affiliates which shall include ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Group, LLC (and its subsidiaries)) taken without such employee’s consent and not of general application to all employees of a particular department or category (for example, reassignment of an employee’s client to another sales representative and that are not a consequence of a client’s written or oral request or (y) such employee is terminated as a result of a Disability and after such employee no longer suffers such Disability offers his services to the Company (or its directly or indirectly held Affiliates which shall include ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Group, LLC (and its subsidiaries)) and the Company (or its directly or indirectly held Affiliates which shall include ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Group, LLC (and its subsidiaries)) refuses to employ such employee at a job of similar title and salary ((x) and (y) above referred to as “Involuntary Termination”).
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Examples of Voluntarily Terminate in a sentence

  • Employee may terminate this Agreement and Voluntarily Terminate his employment with Employer with Good Reason upon thirty (30) days' prior written notice to Employer, provided that Employer does not correct the circumstances giving Employee Good Reason during such thirty (30) day period.

  • The payment of all or any part of the Retention Bonus potentially payable to you hereunder is expressly conditioned upon your continued employment with the Company through March 31, 2001, unless you are terminated by the Company prior to such date for other than Cause or you Voluntarily Terminate with Good Reason (as each such term is defined in your Employment Agreement in effect with SFC on the date hereof).

  • Notwithstanding the terms and conditions set forth ----------------- in Section 4 of this Agreement, in the event of a Change in Control you may elect to Voluntarily Terminate your employment pursuant to Section 5 of this Agreement upon thirty (30) days prior written notice, if such notice is received by Cardinal no sooner than ten (10) months after the Effective Date of the Change of Control and no later than twelve (12) months after the Effective Date of the Change in Control.

  • Employee may terminate this Agreement and Voluntarily Terminate his employment with Employer with Good Reason (as defined in the Appendix).

  • Executive may terminate this Agreement and Voluntarily Terminate his employment with the Company with Good Reason upon thirty (30) days' prior written notice to the Company, provided that the Company does not correct the circumstances giving Executive Good Reason during such thirty (30) day period.

  • Executive may terminate this Agreement and Voluntarily Terminate his employment with the Company with Good Reason (as defined in Section 7(i) below).

  • Employee may terminate this Agreement and Voluntarily Terminate his employment with the Company with Good Reason upon thirty (30) days' prior written notice to the Company, provided that the Company does not correct the circumstances giving Employee Good Reason during such thirty (30) day period.

  • The payment of all or any part of the Retention Bonus potentially payable to you hereunder is expressly conditioned upon your continued employment with the Company through March 31, 2001, unless you are terminated by the Company prior to such date for other than Cause or you Voluntarily Terminate with Good Reason, as each such term is defined in your Employment Agreement in effect with SFC on the date hereof.

  • Notwithstanding the terms and conditions set forth in Section 4 of this Agreement, in the event of a Change in Control you may elect to Voluntarily Terminate your employment pursuant to Section 5 of this Agreement upon thirty (30) days prior written notice, if such notice in received by Cardinal no sooner than ten (10) months after the Effective Date of the Change of Control and no later than twelve (12) months after the Effective Date of the Change in Control.

  • Employee may terminate this Agreement and Voluntarily Terminate her employment with Employer with Good Reason upon thirty (30) days' prior written notice to Employer, provided that Employer does not correct the circumstances giving Employee Good Reason during such thirty (30) day period.