Common use of Your Termination of Employment Clause in Contracts

Your Termination of Employment. Notwithstanding the terms of Section 2 hereof, you have the right to terminate your employment with the Company at any time for any reason. If you terminate your employment (other than (x) for Good Reason (as defined herein) or (y) due to your death or Disability), you will not be entitled to any Severance Payments. “Good Reason” shall mean that, within the sixty (60) days prior to your notice of termination (or, with respect to clause (v) of this Section 5(b) only, the twenty-four (24) months after a Change of Control):

Appears in 4 contracts

Samples: Employment Agreement (IGIA, Inc.), Employment Agreement (IGIA, Inc.), Employment Agreement (Allied Capital Corp)

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Your Termination of Employment. Notwithstanding the terms of Section 2 hereof, you You have the right to terminate your employment with the Company at any time for any reasontime. If you terminate your employment (other than (x) for Good Reason (as defined herein) or (y) due to your death or Disability)employment, you will not be entitled to any Severance PaymentsPayments (as defined hereunder) unless you terminated your employment for Good Reason (as defined below). “Good Reason” shall mean that, within You agree to provide thirty (30) days’ prior written notice to the sixty (60Company of termination of your employment in accordance with Section 17(a) days below; provided that the Company may in its sole discretion select any date prior to the end of such thirty (30) day notice period as the date your notice of termination (or, with respect to clause (v) of this Section 5(b) only, the twenty-four (24) months after a Change of Control):employment will terminate.

Appears in 1 contract

Samples: Employment Agreement (Iomai Corp)

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