Common use of Employer’s Obligations Upon Termination for Cause Clause in Contracts

Employer’s Obligations Upon Termination for Cause. In the event this Agreement is terminated for cause, as of the effective date of such termination, all of the Employer’s obligations to the Employee under this Agreement subsequent to that date shall cease. The Employee shall not be entitled to payment for accrued and unused annual leave. In no case shall the Employer be liable to the Employee for the loss of any collateral or outside business opportunities or any other benefits, perquisites or income resulting from activities such as, but not limited to, consulting relationships or from any other source whatsoever.

Employer’s Obligations Upon Termination for Cause. In the event this Agreement is terminated for cause, as of the effective date of such termination, all of the Employer’s obligations to the Employee under this Agreement subsequent to that date shall cease. The Employee shall not be entitled to payment for accrued and unused annual leave. In no case shall the Employer be liable to the Employee for the loss of any collateral or outside business opportunities or any other benefits, perquisites or income resulting from activities such as, but not limited to, consulting relationships or from any other source whatsoever.

Employer’s Obligations Upon Termination for Cause. In the event this Agreement is terminated for cause, all of Employer’s obligations to Employee under this Agreement shall cease as of the effective date of such termination, all of the Employer’s obligations to the Employee under this Agreement subsequent to that date shall cease. The Employee shall not be entitled to payment for accrued and unused annual leave. In no case shall the Employer be liable to the Employee for the loss of any collateral or outside business opportunities or any other benefits, perquisites or income resulting from activities such asactivities, but not limited tocontracts, consulting relationships or from any other source whatsoeversources, that may ensue as a result of the Employer’s termination of this Agreement.