Voluntary Resignation Termination Without Cause Sample Clauses
The "Voluntary Resignation; Termination without Cause" clause defines the procedures and consequences when an employee chooses to resign on their own accord or when the employer ends the employment relationship without citing specific misconduct or cause. Typically, this clause outlines the required notice period, any severance or final compensation owed, and the return of company property. Its core function is to provide a clear framework for ending employment in these situations, ensuring both parties understand their rights and obligations and reducing the risk of disputes.
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Voluntary Resignation Termination Without Cause. The Executive and the Company may terminate the Executive’s employment at any time upon thirty (30) days prior written notice to the other Party. In the event of (i) the Executive’s voluntary termination of his employment, other than with respect to any such voluntary termination pursuant to Section 6(e) hereof, or (ii) the termination by the Company of the Executive’s employment without Cause, the Company shall have no obligation, except as otherwise required by this Agreement or by applicable law, to make payments to the Executive or to provide the benefits described in Section 5, for periods after the date on which the Executive’s employment with the Company terminates, except for the payment of the Base Salary due to the Executive through the Termination Date.”
Voluntary Resignation Termination Without Cause