Voluntary Termination Definition Example

Voluntary Termination. Occur when the Optionee voluntarily ceases employment with, or the provision of services to, the Company and its Subsidiaries for any reason or no reason (e.g., the Optionee elects to cease being an employee or provide consulting services or the Optionee resigns or quits). For the avoidance of doubt, a Voluntary Termination shall not occur as a result of termination of employment as a result of death, Permanent Disability (as provided hereunder), or termination for "good reason" or similar... words (as permitted hereunder and pursuant to an Employment Agreement) or as the result of the Optionee's retirement in accordance with the Company's retirement policies. View More