Effect of a For Cause Termination. Notwithstanding anything to the contrary contained in this Agreement, in the event the Company or an Affiliate terminates the Participant’s employment or service for “cause” (as defined in the Plan) or in the event the Administrator determines, within one year after the Participant’s termination, that either prior or subsequent to the Participant’s termination the Participant engaged in conduct that would constitute “cause,” all of the Granted Shares then held by the Participant shall be forfeited to the Company immediately as of the time the Participant is notified that he or she has been terminated for “cause” or that he or she engaged in conduct which would constitute “cause”.
Effect of a For Cause Termination. If Employer terminates the Term of Employment for Cause, such termination shall take effect immediately upon written notice thereof being provided to Employee subsequent to the completion of the procedure set forth in Section 6.1.
Effect of a For Cause Termination. If Employer terminates this Agreement for cause, such termination shall take effect immediately upon notice thereof being provided to Employee. In such event, Employer shall pay Employee all Salary earned by Employee through the effective date of the termination on the regularly established salary payment schedule of Employer. In addition, Employer shall grant to Employee all Benefits accrued as of the date of the termination. Upon such payment of earned Salary and Benefits by Employer, all obligations of Employer to Employee hereunder shall be totally and completely satisfied, and Employer shall have no further obligations of any type to Employee pursuant to this Agreement; provided, however, that Employee may retain any vested options granted by Employer.
Effect of a For Cause Termination. Notwithstanding anything to the contrary contained in this Agreement, in the event the Company or an Affiliate terminates the Non-Employee Director's service for "cause" (as defined in the Plan) or in the event the Board of Directors determines, within one year after the Non-Employee Director's termination, that either prior or subsequent to the Non-Employee Director's termination the Non-Employee Director engaged in conduct that would constitute "cause," all of the Granted Shares then held by the Non-Employee Director shall be forfeited to the Company immediately as of the time the Non-Employee Director is notified that he or she has been terminated for "cause" or that he or she engaged in conduct which would constitute "cause".
Effect of a For Cause Termination. Notwithstanding anything to the contrary contained in this Agreement, in the event the Company or an Affiliate terminates the Executive’s employment or service for Cause or in the event the Administrator determines, within one year after the Executive’s termination, that either prior or subsequent to the Executive’s termination the Executive engaged in conduct that would constitute Cause, all of the Granted Shares then held by the Executive shall be forfeited to the Company immediately as of the time the Executive is notified that he has been terminated for Cause or that he engaged in conduct which would constitute Cause.
Effect of a For Cause Termination. Notwithstanding anything to the contrary contained in this Agreement, in the event the Company, its Parent or a Subsidiary terminates the Participant’s employment or service for Cause, all of the RSUs then held by the Participant shall be forfeited to the Company immediately as of the time the Participant is notified that he or she has been terminated for Cause or that he or she engaged in conduct which would constitute Cause and this Agreement shall terminate and be of no further force or effect.
Effect of a For Cause Termination. Notwithstanding anything to the contrary contained in this Agreement, in the event the Company terminates the Non-Employee Director’s service for Cause (as defined in the Plan) or in the event the Administrator determines, within one year after the Non-Employee Director’s termination, that either prior or subsequent to the Non-Employee Director’s termination the Non-Employee Director engaged in conduct that would constitute Cause, all of the Granted Shares then held by the Non-Employee Director shall be forfeited to the Company immediately as of the time the Non-Employee Director is notified that he or she has been terminated for Cause or that he or she engaged in conduct which would constitute Cause.
Effect of a For Cause Termination. Notwithstanding anything to the contrary contained in this Agreement, in the event the Company or a Subsidiary terminates the Participant’s employment or service for “cause” (for purposes hereof, “cause” shall mean a vote by the Board of Directors resolving that the Participant shall be dismissed as a result of (i) any material breach by the Participant of any agreement between the Participant and the Company; (ii) the conviction of or plea of nolo contendere by the Participant to a felony or a crime involving moral turpitude; or (iii) any material misconduct or willful and deliberate non-performance (other than by reason of disability) by the Participant of the Participant’s duties to the Company) or in the event the Board of Directors determines, within one year after the Participant’s termination, that either prior or subsequent to the Participant’s termination the Participant engaged in conduct that would constitute “cause,” all of the Granted Shares (regardless of whether they are then subject to the Company’s Lapsing Forfeiture Right) then held by the Participant shall be forfeited to the Company immediately as of the time the Participant is notified that he or she has been terminated for “cause” or that he or she engaged in conduct which would constitute “cause”. The Administrator’s determination of the reason for termination of the Participant’s employment shall be conclusive and binding on the Participant and his or her representatives or legatees.
Effect of a For Cause Termination. If the Employer terminates the Term of Employment for Cause, such termination shall take effect immediately upon written notice thereof to the Employee. In such event, the Employer shall provide the Employee with the Accrued Obligations. Upon the Employer's full, complete and timely fulfillment and discharge of the aforesaid obligations, all obligations of the Employer to the Employee hereunder shall be totally and completely satisfied, and the Employer shall have no further obligations of any type to the Employee pursuant to this Agreement (except as may be provided under Sections 3.3, 16 or 17 hereof).
Effect of a For Cause Termination. Notwithstanding anything to the contrary contained in this Agreement, in the event the Company or an Affiliate terminates the Participant’s employment or service for Cause, all of the Granted Shares then held by the Participant shall be forfeited to the Company immediately as of the time the Participant is notified that he or she has been terminated for Cause or that he or she engaged in conduct which would constitute Cause.
