Effect of Resignation. Executive and the Company agree that the resignation contained herein arises from the mutual agreement of the Executive and the Company, resulting in a cessation of Executive's continued employment. Accordingly, such resignation shall not be construed or deemed to be a termination of Executive's employment by the Company, whether with or without cause, or to constitute or be deemed to be any breach of any employment or other obligation or duty by either the Executive or by the Company or any of its Affiliates, whether express or implied, for any purpose, provided that for purposes of construing the provisions of any employee benefit plan in which Executive has been a participant, Executive's resignation shall be given the same effect as a termination without cause.
Appears in 2 contracts
Sources: Employment Agreement (Edison International), Employment Agreement (Edison Mission Energy)
Effect of Resignation. Executive and the Company agree that the resignation contained herein arises from the mutual agreement of the Executive and the Company, resulting in a cessation of Executive's continued employment. Accordingly, such Such resignation shall not be construed or deemed to be given the same effect as a termination of Executive's employment by the Company without cause for purposes of the Company's benefit plans including the Deferral and Equity Plans, whether with or without cause, or to but shall not constitute or be deemed to be any breach of any employment or other obligation or duty by either the Executive or by the Company or any of its Affiliates, whether express or implied, for any purpose, provided that for purposes of construing the provisions of any employee benefit plan in which Executive has been a participant, Executive's resignation shall be given the same effect as a termination without cause.
Appears in 1 contract