Cause or Voluntary Clause Samples
The 'Cause or Voluntary' clause defines the circumstances under which a party may terminate an agreement, either for a specific cause or by voluntary action. In practice, this clause typically outlines what constitutes 'cause'—such as breach of contract, misconduct, or failure to perform—and also allows for termination without cause, often requiring advance notice. Its core function is to provide both parties with clear guidelines for ending the contractual relationship, thereby reducing uncertainty and potential disputes over the grounds for termination.
Cause or Voluntary. If Employee's employment shall be terminated under Sections 5.1, 5.2, 5.4 or 5.6, Employer's obligations to Employee shall terminate, other than the obligation (i) to pay to Employee his Salary through the Date of Termination at the rate in effect on the day preceding the Date of Termination, (ii) any bonus due as of the Date of Termination, and (iii) to continue to provide Employee with benefits of the type described in Section 9 through the Date of Termination.