Consequences of Termination for Cause. In the event Adaptec exercises its option to terminate Employee “for cause” as defined in this paragraph, Employee shall be entitled only to the unpaid salary and unused vacation benefits which he has accrued through and until the date of his termination as well as an amount equal to the salary he would have otherwise received for any fully-accrued, unused sabbatical. There shall be no entitlement to compensation for any partially-accrued, unused sabbatical. Employee shall be entitled to no other or further compensation, benefits or severance payments of any kind or nature in the event he is terminated “for cause.” Should the Employee be terminated “for cause” as provided in this paragraph, Adaptec will provide the Employee with a written statement detailing such cause.
Consequences of Termination for Cause. If, during the Term, your employment with the Company is terminated by the Company for Cause, then (i) the Company shall pay you, within 60 days after your employment termination date, an amount equal to all earned but unpaid portions of the Annual Salary and accrued but unused vacation time through the date of such termination and reimburse you for any timely submitted expenses you incurred on behalf of the Company prior to such termination (provided such expenses would have been eligible for reimbursement if there were no such termination of employment) (the “Accrued Amounts”), (ii) at the same time that the Annual Bonus would have been paid had your employment continued in accordance with Section 3(b), you shall also be entitled to receive any accrued but unpaid Annual Bonus that is due with respect to services performed in the year preceding the year of employment termination (“Accrued but Unpaid Bonus”), (iii) you shall receive, without duplication, any benefit continuation and conversion rights to which you are entitled under the Company’s employee benefit plans, and (iv) you shall receive, without duplication, any vested but not forfeited benefits under the Company’s employee benefit plans in accordance with the terms of such plans as then in effect. Following any such termination, you shall not be entitled to receive any other compensation or benefits from the Company hereunder except as otherwise required by law.
Consequences of Termination for Cause. BY THE COMPANY OR BY EMPLOYEE OTHER THAN FOR GOOD REASON, DEATH OR DISABILITY. If the Employee's employment is terminated by the Company prior to the Termination Date for Cause or by the Employee other than for Good Reason, or the Employee’s death or disability , (i) subject to Section 7(d) hereof, this Agreement terminates immediately; (ii) the Company will pay the Employee, in full satisfaction of all of its compensation (base salary and bonus) obligations under this Agreement, an amount equal to the sum of any base salary due to the Employee through the last day of employment, plus any accrued bonus to which the Employee may have been entitled on the last day of employment, but had not yet been received; and (iii) the Employee's benefits and rights under any Benefit Plan shall be paid, retained or forfeited in accordance with the terms of such plan; provided, however, that Employer shall have no obligation to make any payments toward these benefits for Employee from and after termination other than as required by applicable law.
Consequences of Termination for Cause. If the Employee's employment is terminated for cause, (i) this Agreement terminates immediately, (ii) except as may have vested or accrued or been paid or become payable prior to the date of such termination or otherwise required under applicable law, from and after such date, the Company shall be under no obligation to pay the Employee any compensation (base salary or bonus) pursuant to this Agreement, and (iii) the Employee's benefits and rights under any Benefit Plan shall be paid, retained or forfeited in accordance with the terms of such plan; provided, however, that Employer shall have no obligation to make any payments toward these benefits for Employee from and after termination.
Consequences of Termination for Cause. Within ten (10) days after the date of termination for cause by VLI, Licensee shall deliver to VLI all copies of TECHNICAL DOCUMENTATION and all other information about the VLI PROCESS provided by VLI to Licensee in connection with this License Agreement. A termination of this License Agreement for cause shall not relieve either party from its obligations of confidentiality under Section 4 for the period set forth therein. A termination of this License Agreement for cause shall not prejudice the right of either party to recover any sums due or accrued at the time of such termination, nor shall it prejudice any cause of action or claim of such party arising out of any breach or default by the other party. The provisions of Sections 4, 5, 6, 7 and 8 shall survive the termination of this License Agreement.
Consequences of Termination for Cause. In the event Executive’s employment is terminated for Cause, Executive shall be entitled to receive only unpaid Base Salary then in effect, prorated to the date of termination, together with any amounts to which Executive is entitled pursuant to Sections 5 and 6 of this Agreement. Vesting under any and all stock options held by Executive will cease on the effective date of Executive’s termination with Cause. All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished. Executive will not be entitled to receive the Severance Payments described in Section 7.2, below.
Consequences of Termination for Cause. In the event Adaptec exercises its option to terminate Employee “for cause” as defined in this paragraph, Employee shall be entitled only to the unpaid salary and unused vacation benefits which he has accrued through and until the date of his termination. There shall be no entitlement to compensation for any partially-accrued, unused sabbatical. Employee shall be entitled to no other or further compensation, benefits or severance payments of any kind or nature in the event he is terminated “for cause.” Should the Employee be terminated “for cause” as provided in this paragraph, Adaptec will provide the Employee with a written statement detailing such cause.
Consequences of Termination for Cause. If the Employee's ------------------------------------- employment is terminated for cause, then (i) this Agreement shall terminate immediately, (ii) except as may have vested or accrued or been paid or become payable prior to the date of such termination or otherwise required under applicable law, from and after such the date, the Corporation shall be under no obligation to pay the Employee any compensation (base salary or annual bonus) pursuant to this Agreement, (iii) the Employee's benefits and rights under any Benefit Plan shall be paid, retained or forfeited in accordance with the terms of such plan, and (iv) the Employee's rights with respect to the Employee's Stock Options will be determined in accordance with the Employee's Stock Option Agreement.
Consequences of Termination for Cause. Termination shall occur a maximum of 30 days after “For Cause” reason is established. If Executive’s employment is terminated “For Cause”, Executive shall be entitled to receive the Base Salary up to the Termination Date and any benefits to which Executive is entitled pursuant to the Service Agreement up to the Termination Date, in addition to any notice monies Executive may be due pursuant to the Service Agreement in respect of any Notice Period (without prejudice to the Company’s rights to summarily terminate the Employment and any payment in lieu of accrued but untaken holiday pursuant to the Service Agreement) but Executive shall not be entitled to any bonus for a completed calendar year which has not yet been paid (and for which the payment date established by the bonus plan has not yet arrived).
Consequences of Termination for Cause. If this Agreement is terminated for cause, then
