Common use of Resignation of Executive Clause in Contracts

Resignation of Executive. If Executive resigns prior to the end of the term of this Agreement, this Agreement shall terminate immediately, and the Company shall pay to Executive that part of his Base Salary which would otherwise be payable to Executive through the effective date of his resignation. Upon such payment, all obligations in any manner whatsoever of the Company to Executive shall be fully satisfied.

Resignation of Executive. If Executive resigns prior to the end of the term of this Agreement, this Agreement shall terminate immediately, and the Company shall pay to Executive that part of his Base Salary which would otherwise be payable to Executive through the effective date of his resignation. Upon such payment, all obligations in any manner whatsoever of the Company to Executive shall be fully satisfied.