Common use of Eligibility for Termination Benefits Clause in Contracts

Eligibility for Termination Benefits. (a) Subject to subparagraph (e) of Paragraph Third, if Employee's employment with the Corporation is terminated by the Corporation without just cause, Employee shall receive such benefits hereunder ("Termination Benefits") as determined in accordance with Paragraph Third, provided Employee, if requested, remains in the employment of the Corporation for a period not exceeding 60 days following receipt of a written notice of such termination. For purposes of this Agreement, termination of Employee's employment by the Corporation shall constitute a termination for "just cause" only if such termination is for misfeasance, malfeasance or nonfeasance in the performance of his duties or for conviction of an offense involving moral turpitude. Except as otherwise specifically set forth in this Agreement or as otherwise provided by law, all rights of Employee, and all obligations of the Corporation under this Agreement, shall cease and terminate on, and as of, the date of termination of employment for just cause.