Common use of Election By Employee Clause in Contracts

Election By Employee. Employee's employment may be terminated -------------------- at any time by Employee upon not less than one hundred eighty (180) days written notice by Employee. With the exception of the covenants included in paragraph 3 above, upon such termination the obligations of Employee and Company under this Agreement shall immediately cease. In the event of a termination pursuant to this paragraph, Employee shall be entitled to receive any amounts earned but unpaid up to the termination date pursuant to paragraph 3(a) and any declared but unpaid Annual Bonus. All other rights Employee has under any benefit or stock option plans and programs shall be determined in accordance with the terms and conditions of such plans and programs.

Election By Employee. Employee's employment may be terminated -------------------- at any time by Employee upon not less than one hundred eighty sixty (18060) days written notice by EmployeeEmployee to the Board. With the exception of the covenants included in paragraph section 3 above, upon such termination the obligations of Employee and Company under this Agreement shall immediately cease. In the event of a termination pursuant to this paragraphsection, Employee shall be entitled to receive any accrued and unpaid amounts earned but unpaid up to the termination date pursuant to paragraph 3(asections 5(a) and any declared but unpaid Annual Bonus5(b). All other rights Employee has under any benefit or stock option plans and programs shall be determined in accordance with the terms and conditions of such plans and programs.

Election By Employee. Employee's employment may be terminated at -------------------- at any time by Employee upon not less than one hundred eighty (180) days written notice by Employee. With the exception of the covenants included in paragraph 3 above, upon such termination the obligations of Employee and Company under this Agreement shall immediately cease. In the event of a termination pursuant to this paragraph, Employee shall be entitled to receive any amounts earned but unpaid up to the termination date pursuant to paragraph 3(a) and any declared but unpaid Annual Bonus. All other rights Employee has under any benefit or stock option plans and programs shall be determined in accordance with the terms and conditions of such plans and programs.