Common use of No Severance Clause in Contracts

No Severance. In the event Executive voluntarily terminates his employment, he will not be entitled to Severance Benefits, pay in lieu of notice or any other such compensation.

Appears in 5 contracts

Sources: Senior Management Key Employee Agreement (Invision Technologies Inc), Senior Management Key Employee Agreement (Invision Technologies Inc), Key Employee Agreement (Invision Technologies Inc)

No Severance. In the event Executive voluntarily terminates his employmentExecutive's employment is terminated at any time for Cause, he will not be entitled to the Severance Benefits, pay in lieu of notice or any other such compensation.

Appears in 4 contracts

Sources: Senior Management Key Employee Agreement (Invision Technologies Inc), Senior Management Key Employee Agreement (Invision Technologies Inc), Senior Management Key Employee Agreement (Invision Technologies Inc)

No Severance. In the event Executive voluntarily terminates his employmentExecutive’s employment is terminated at any time for Cause, he will not be entitled to the Severance Benefits, pay in lieu of notice or any other such compensation.

Appears in 1 contract

Sources: Key Employee Agreement (Invision Technologies Inc)