Example ContractsClausesVoluntary Termination
Voluntary Termination
Voluntary Termination contract clause examples

Voluntary Termination. Upon Executive’s voluntary termination of this Agreement pursuant to Section 9.1, [[Qualstar:Organization]]’s only obligation to Executive shall be # to pay Executive any salary earned on or before the Executive’s last day of employment, regardless of the reason (“Separation Date”), # reimburse Executive for any reimbursable expenses properly incurred by Executive through and including the Separation Date, and # pay Executive for any unused vacation Executive has accrued as of the Separation Date (collectively, the “Final Pay”). Executive shall retain vested benefits, if any exist, which vested benefits will be handled in accordance with their controlling plans and documents. All further vesting shall cease on the date of termination.

Voluntary Termination. Except as set forth in [Section 4(f)] below, if Participant voluntarily terminates his/her Employment, effective immediately prior to such termination, any portion of the Stock Option that is not then vested shall be automatically cancelled and forfeited and shall be returned to the Company for no consideration, and such portion of the Stock Option that is then vested and exercisable shall remain exercisable until the earlier of # three (3) months following the date of such termination, or # the Expiration Date.

Voluntary Termination. If Executive terminates employment with the Company without Good Reason, Executive agrees to provide the Company with thirty (30) days’ prior written notice. In the event that Executive’s employment is terminated under this Section 1(e), Executive shall receive from the Company payment for all Accrued Benefits on the Date of Termination. Except as required by law, after the Date of Termination, the Company shall have no obligation to make any other payment, including severance or other compensation, of any kind, or provide any other benefits, to Executive on account of Executive’s termination of employment.

Voluntary Termination. A termination of employment by the Executive on his own initiative, other than a termination due to Disability, death, or a termination for Good Reason, shall have the same consequences as provided in Section 11(c) for a termination for Cause. A voluntary termination under this Section 11(e) shall be effective on the date specified in the Executive’s written notice, unless such voluntary termination is earlier accepted by the Company, such early acceptance still to be treated as a voluntary termination by the Executive.

Voluntary Termination. Employee's employment may be voluntarily terminated by Employee at any time upon at least 90 days' written notice to Company or a shorter period as agreed on between Employee and the Board. Employee's employment may be terminated by the Employee with or without Good Reason.

Voluntary Termination. Executive may voluntarily terminate his employment for any reason upon sixty (60) days’ prior written notice or by sending a notice of non-renewal of this Agreement to the Company, as described in Section 1.1. In any such event, after the effective date of such termination, except as provided in Section 2.1 with respect to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to receive the Accrued Benefits.

Voluntary Termination. Executive shall have the right to terminate Executive’s employment with the Company in a voluntary termination at any time upon thirty days’ notice. A voluntary termination shall mean a termination of employment by Executive on Executive’s own initiative, other than a termination due to Disability or for Good Reason. Executive’s voluntary termination shall have the same consequences as provided in Section 5(c) for a termination for Cause.

Voluntary Termination. AzurRx shall have the right to terminate this Agreement in its entirety at any time by providing sixty (60) days’ prior written notice to FWB.

Voluntary Termination. If a Participant’s employment is terminated due to a voluntary termination, excluding a retirement that meets the definition of retirement established by the Committee, no bonus will be earned by or paid to the Participant. In the case of qualifying retirement, the Administrator shall have the discretion, but not the obligation, to pay a pro rata bonus to such Participant for the Performance Period during which the Participant retired in accordance with Section 7.

Voluntary Termination. If a Participant’s employment is terminated due to a voluntary termination, excluding a retirement that meets the definition of retirement established by the Committee, no bonus will be earned by or paid to the Participant. In the case of qualifying retirement, the Administrator shall have the discretion, but not the obligation, to pay a pro rata bonus to such Participant for the Performance Period during which the Participant retired in accordance with Section 7.

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