Common use of Cause or Misconduct Clause in Contracts

Cause or Misconduct. In the event the Company terminates Executive for Cause or Misconduct, Executive shall not be entitled to any compensation other than Base Salary accrued through the date of termination. Such termination shall also immediately cease the vesting of all outstanding unvested options and restricted stock held on the date of termination and all such unvested options shall thereupon expire.

Appears in 10 contracts

Samples: Executive Employment Agreement (MaryJane Group, Inc.), Executive Employment Agreement (Pladeo Corp.), Executive Employment Agreement (Pladeo Corp.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!