Voluntary Termination or Resignation by the Executive Sample Clauses

The 'Voluntary Termination or Resignation by the Executive' clause defines the process and conditions under which an executive may choose to end their employment relationship with the company of their own accord. Typically, this clause outlines the required notice period the executive must provide, any obligations regarding the transition of duties, and the impact on compensation or benefits, such as forfeiture of unvested equity or severance eligibility. Its core function is to establish a clear and orderly procedure for voluntary departures, minimizing disruption to the organization and clarifying the rights and responsibilities of both parties in such situations.
Voluntary Termination or Resignation by the Executive. If the Executive voluntarily terminates (but not by reason of expiration of the Term) or resigns his employment other than for Good Reason, the Executive shall be entitled to the following: (i) Base Compensation accrued through the date of termination, based on the number of days in such year that had elapsed as of the termination date; (ii) any accrued but unpaid PTO through the date of termination; (iii) any bonuses earned but unpaid with respect to fiscal years or other completed bonus periods preceding the termination date; (iv) any nonforfeitable benefits payable to the Executive under the terms of any deferred compensation, incentive or other benefit plans maintained by the Corporation, payable in accordance with the terms of the applicable plan; and (v) any expenses owed to the Executive under Section 4(d). All payments required to be made pursuant to subsections (i), (ii), (iii) and (v) shall be made to the Executive within sixty (60) days following the date of such termination and within any shorter time period required by law.
View SourceView Similar (6)
Voluntary Termination or Resignation by the Executive. If the Executive voluntarily terminates (but not by reason of expiration of the term) or resigns his employment, the Executive shall be entitled to the following: (i) base salary accrued through the date of termination; (ii) any accrued but unpaid vacation pay through the date of termination; (iii) any bonuses earned but unpaid with respect to fiscal years or other completed periods preceding the termination date; and (iv) any nonforfeitable benefits payable to the Executive under the terms of any deferred compensation, incentive or other benefit plans maintained by the Corporation, payable in accordance with the terms of the applicable plan. All cash payments required to be paid pursuant to this Section shall be made to the Executive within sixty (60) days following the date of such termination.
View SourceView Similar (2)
Voluntary Termination or Resignation by the Executive. If the Executive voluntarily terminates (but not by reason of expiration of the Term) or resigns his employment, the Executive shall be entitled to the following: (i) Base Compensation accrued through the date of termination, based on the number of days in such year that had elapsed as of the termination date; (ii) any accrued but unpaid vacation pay through the date of termination; (iii) any bonuses earned but unpaid with respect to fiscal years or other completed periods preceding the termination date; and (iv) any nonforfeitable benefits payable to the Executive under the terms of any deferred compensation, incentive or other benefit plans maintained by the Corporation, payable in accordance with the terms of the applicable plan. All cash payments required to be paid pursuant to this Section shall be made to the Executive within sixty (60) days following the date of such termination and shall be in the form of a bank cashier’s check.
View Source
Voluntary Termination or Resignation by the Executive. If the Executive voluntarily terminates or resigns his employment other than for Good Reason, the Executive shall be entitled to the Accrued Benefits.
View Source
Voluntary Termination or Resignation by the Executive. If the Executive voluntarily terminates (but not by reason of expiration of the Term) or resigns his employment, the Executive shall be entitled to the following: (i) Base Compensation accrued through the date of termination and the pro-rated portion of the HCN Shares that the Executive would have earned for the year in which the termination occurs (if he had remained employed for the entire year), based on the number of days in such year that had elapsed as of the termination date; (ii) any accrued but unpaid vacation pay through the date of termination; (iii) any bonuses earned but unpaid with respect to fiscal years or other completed periods preceding the termination date; and (iv) any nonforfeitable benefits payable to the Executive under the terms of any deferred compensation, incentive or other benefit plans maintained by the Corporation, payable in accordance with the terms of the applicable plan. All cash payments required to be paid pursuant to this Section shall be made to the Executive within sixty (60) days following the date of such termination and shall be in the form of a bank cashier’s check.
View Source

Related to Voluntary Termination or Resignation by the Executive

  • Voluntary Termination by the Executive Notwithstanding anything in this Agreement to the contrary, the Executive may, upon not less than thirty (30) days' written notice to the Company, voluntarily terminate employment for any reason (including retirement under the terms of the Company's retirement plan as in effect from time to time).

  • Voluntary Termination by the Employee Notwithstanding anything herein to the contrary, the Employee may voluntarily Terminate this Agreement by providing the Company with ninety (90) days’ advance written notice (“Voluntary Termination”), in which case, the Employee will not be entitled to receive payment of any severance benefits or other amounts by reason of the Termination other than accrued salary and vacation through the date of the Termination. The Employee’s right to all other benefits will terminate as of the date of Termination, other than any continuation required by applicable law. Without limiting the foregoing, if, in connection with a Change in Control, the surviving entity or successor to Sohu’s business offers the Employee employment on substantially equivalent terms to those set forth in this Agreement and such offer is not accepted by the Employee, the refusal by the Employee to accept such offer and the subsequent termination of the Employee’s employment by the Company shall be deemed to be a voluntary termination of employment by the Employee and shall not be treated as a termination by the Company without Cause.

  • Resignation by the Executive Executive may voluntarily resign from his employment with the Company, provided that Executive shall provide the Company with thirty (30) days advance written notice (which notice requirement may be waived, in whole or in part, by the Company in its sole discretion) of his intent to resign. If Executive so terminates his employment with the Company, other than in accordance with Section 4.5, the Company shall have no obligation other than the payment of the Accrued Obligations to the effective date of such termination.

  • Voluntary Termination by the Executive Without Good Reason If the Executive terminates employment without Good Reason, the Executive shall receive the Base Salary and expense reimbursement to which the Executive is entitled through the date on which termination becomes effective.

  • Termination by the Executive The Executive may terminate employment hereunder at any time for any reason, including but not limited to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive’s consent (each, a “Good Reason Condition”):