Common use of Resignation of Executive Clause in Contracts

Resignation of Executive. In the event that Executive resigns (except in the case of resignation due to Total Disability or for Good Reason) during the Employment Term or any Extended Employment Term, Executive shall be entitled to receive all Base Salary earned and accrued to the date of resignation, but all other rights of Executive hereunder shall terminate as of the date of Executive's resignation, except as otherwise provided by law.

Appears in 2 contracts

Samples: Employment Agreement (Royster-Clark Inc), Employment Agreement (Royster-Clark Inc)

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Resignation of Executive. In the event that Executive resigns (except in the case of resignation due to Total Disability or for Good Reasonfollowing a Demotion) during the Employment Term or any Extended Employment Term, Executive shall be entitled to receive all Base Salary earned and accrued to the date of resignationresignation and a pro rata portion of any Performance Bonus or other incentive compensation for (and based on the results of) the year in which such resignation occurs, but all other rights of Executive hereunder shall terminate as of the date of Executive's resignation, except as otherwise provided by law.

Appears in 1 contract

Samples: Employment Agreement (Intersil Holding Co)

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Resignation of Executive. In the event that Executive ------------------------ resigns (except in the case of resignation due to Total Disability or for Good Reason) during the Employment Term or any Extended Employment Term, Executive shall be entitled to receive all Base Salary earned and accrued to the date of resignation, but all other rights of Executive hereunder shall terminate as of the date of Executive's resignation, except as otherwise provided by law.

Appears in 1 contract

Samples: Employment Agreement (Royster-Clark Inc)

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