Common use of Resignation for Other than Good Reason Clause in Contracts

Resignation for Other than Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in subsection (d), Executive will be entitled only to payment of any earned but unpaid compensation (Base Salary and accrued but unpaid vacation) through the Termination date. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the year in which such Termination date occurs), or severance payment of any kind.

Resignation for Other than Good Reason. In the event that the Executive resigns for other than Good Reason as defined above in subsection (d), above, Executive will be entitled only to payment of any earned but unpaid compensation (Base Salary and accrued but unpaid vacation) through the Termination termination date. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the year in which such Termination termination date occurs), or severance payment of any kind.