Common use of Cause; Without Good Reason Clause in Contracts

Cause; Without Good Reason. Upon termination of the Employee’s employment for Cause or upon voluntary resignation by the Employee without Good Reason, the Employee or the Employee’s estate, if applicable, shall be entitled only to (i) any accrued but unpaid Base Salary and annual bonus, calculated under Section 4(b) of this Agreement, and (ii) a lump sum cash payment within ten (10) days of the effective date of the Employee’s termination of employment equal to the excess, if any, of $348,000 over the amount, if any, of the Transition Bonus paid by the Company prior to such date of termination.

Cause; Without Good Reason. Upon termination of the Employee’s employment for Cause or upon voluntary resignation by the Employee without Good Reason, the Employee or the Employee’s estate, if applicable, shall be entitled only to (i) any accrued but unpaid Base Salary and annual bonus, calculated under Section 4(b) of this Agreement, and (ii) a lump sum cash payment within ten (10) days of the effective date of the Employee’s termination of employment equal to the excess, if any, of $348,000 889,000 over the amount, if any, of the Transition Bonus paid by the Company prior to such date of termination.

Cause; Without Good Reason. Upon termination of the Employee’s employment for Cause or upon voluntary resignation by the Employee without Good Reason, the Employee or the Employee’s estate, if applicable, shall be entitled only to (i) any accrued but unpaid Base Salary and annual bonus, calculated under Section 4(b) of this Agreement, and (ii) a lump sum cash payment within ten (10) days of the effective date of the Employee’s termination of employment equal to the excess, if any, of $348,000 867,000 over the amount, if any, of the Transition Bonus paid by the Company prior to such date of termination.

Cause; Without Good Reason. Upon termination of the Employee’s employment for Cause or upon voluntary resignation by the Employee without Good Reason, the Employee or the Employee’s estate, if applicable, shall be entitled only to (i) any accrued but unpaid Base Salary and annual bonus, calculated under Section 4(b) of this Agreement, and (ii) a lump sum cash payment within ten (10) days of the effective date of the Employee’s termination of employment equal to the excess, if any, of $348,000 369,000 over the amount, if any, of the Transition Bonus paid by the Company prior to such date of termination.

Cause; Without Good Reason. Upon termination of the Employee’s employment for Cause or upon voluntary resignation by the Employee without Good Reason, the Employee or the Employee’s estate, if applicable, shall be entitled only to (i) any accrued but unpaid Base Salary and annual bonus, calculated under Section 4(b) of this Agreement, and (ii) a lump sum cash payment within ten (10) days of the effective date of the Employee’s termination of employment equal to the excess, if any, of $348,000 340,000 over the amount, if any, of the Transition Bonus paid by the Company prior to such date of termination.