Common use of Cessation of Severance Benefits Clause in Contracts

Cessation of Severance Benefits. In the event of a material breach by the Executive of any of his obligations under Paragraph 9, 10 or 18 of this Agreement or his Proprietary Information and Inventions Agreement with the Corporation, he shall cease to be entitled to any further severance benefits under Part Three of this Agreement, including (without limitation) any subsequent right to exercise any outstanding Options or to receive any further salary/target bonus payments or continued health care coverage at the Corporation's expense. In no event shall the Executive be entitled to any benefits under Part Three of this Agreement if his employment ceases by reason of a Termination for Cause or if he voluntarily resigns other than for a reason which qualifies as grounds for an Involuntary Termination.

Cessation of Severance Benefits. In the event of a material breach by the Executive of any of his obligations under Paragraph 9, 10 or 18 of this Agreement or his Proprietary Information and Inventions Agreement with the Corporation, he shall cease to be entitled to any further severance benefits under Part Three of this Agreement, including (without limitation) any subsequent right to exercise any outstanding Options or to receive any further salary/target bonus payments or continued health care coverage at the Corporation's ’s expense. In no event shall the Executive be entitled to any benefits under Part Three of this Agreement if his employment ceases by reason of a Termination for Cause or if he voluntarily resigns other than for a reason which qualifies as grounds for an Involuntary Termination.