Common use of No Rights Following Cause Termination Clause in Contracts

No Rights Following Cause Termination. Following a termination of Minor’s employment with Sonic Foundry “for cause” pursuant to paragraph (a) of this Article Seventh: (i) all rights and liabilities of the parties hereto shall cease and this Agreement shall be terminated (subject to the continuing obligations of Minor pursuant to Article Sixth and Tenth hereof); and (ii) Minor shall not be entitled to receive any severance benefits, salary, other benefits or compensation of any kind (except for health insurance continuation as required by COBRA, salary accrued through the date of termination and accrued vacation pay as required by law) either as consideration for his employment or in connection with the termination of his employment. In the event that Minor asserts that his voluntary termination was actually a constructive termination, Sonic Foundry shall be entitled to assert as “cause” for such termination any grounds present at the time of such termination which the Board of Directors could have asserted as “cause” if called upon to terminate Minor. Notwithstanding the above, in the event of Minor’s death or disability Minor or his legal representative or estate shall have one year from the date of death or disability to exercise all stock options which were vested upon such date of death or disability.

No Rights Following Cause Termination. Following a termination of Minor’s Xxxx’x employment with Sonic Foundry “for cause” pursuant to and in accordance with paragraph (a) of this Article Seventh: (i) all rights and liabilities of the parties hereto shall cease as of the termination date and this Agreement shall be terminated (subject to the continuing obligations of Minor Weis pursuant to Article Sixth and Tenth hereof); and (ii) Minor Weis shall not be entitled to receive any severance benefits, salary, other benefits or compensation of any kind (except for health insurance continuation as required by COBRA, salary accrued through the date of termination and accrued vacation pay as required by law) either as consideration for his employment or in connection with the termination of his employment. In the event that Minor Xxxx asserts that his voluntary termination was actually a constructive termination, Sonic Foundry shall be entitled to assert as “cause” for such termination any grounds present at the time of such termination which the Board of Directors could have asserted as “cause” if called upon to terminate MinorWeis. Notwithstanding the above, in the event of Minor’s Xxxx’x death or disability Minor Weis or his legal representative or estate shall have one year from the date of death or disability to exercise all stock options which were vested upon such date of death or disability.

No Rights Following Cause Termination. Following a termination of Minor’s Xxxxxxx’x employment with Sonic Foundry “for cause” pursuant to paragraph (a) of this Article Seventh: (i) all rights and liabilities of the parties hereto shall cease and this Agreement shall be terminated (subject to the continuing obligations of Minor Xxxxxxx pursuant to Article Sixth and Tenth hereof); and (ii) Minor Xxxxxxx shall not be entitled to receive any severance benefits, salary, other benefits or compensation of any kind (except for health insurance continuation as required by COBRA, salary accrued through the date of termination and accrued vacation pay as required by law) either as consideration for his employment or in connection with the termination of his employment. In the event that Minor Xxxxxxx asserts that his voluntary termination was actually a constructive termination, Sonic Foundry shall be entitled to assert as “cause” for such termination any grounds present at the time of such termination which the Board of Directors could have asserted as “cause” if called upon to terminate MinorXxxxxxx. Notwithstanding the above, in the event of Minor’s Xxxxxxx’x death or disability Minor Xxxxxxx or his legal representative or estate shall have one year from the date of death or disability to exercise all stock options which were vested upon such date of death or disability.

No Rights Following Cause Termination. Following a termination of Minor’s Xxxxx’x employment with Sonic Foundry “for cause” pursuant to paragraph (a) of this Article Seventh: (i) all rights and liabilities of the parties hereto shall cease and this Agreement shall be terminated (subject to the continuing obligations of Minor Xxxxx pursuant to Article Sixth and Tenth hereof); and (ii) Minor Xxxxx shall not be entitled to receive any severance benefits, salary, other benefits or compensation of any kind (except for health insurance continuation as required by COBRA, salary accrued through the date of termination and accrued vacation pay as required by law) either as consideration for his employment or in connection with the termination of his employment. In the event that Minor Xxxxx asserts that his voluntary termination was actually a constructive termination, Sonic Foundry shall be entitled to assert as “cause” for such termination any grounds present at the time of such termination which the Board of Directors could have asserted as “cause” if called upon to terminate MinorXxxxx. Notwithstanding the above, in the event of Minor’s Xxxxx’x death or disability Minor Xxxxx or his legal representative or estate shall have one year from the date of death or disability to exercise all stock options which were vested upon such date of death or disability.

No Rights Following Cause Termination. Following a termination of Minor’s Xxxxx’ employment with Sonic Foundry “for cause” pursuant to paragraph (a) of this Article Seventh: (i) all rights and liabilities of the parties hereto shall cease and this Agreement shall be terminated (subject to the continuing obligations of Minor Xxxxx pursuant to Article Sixth and Tenth hereof); and (ii) Minor Xxxxx shall not be entitled to receive any severance benefits, salary, other benefits or compensation of any kind (except for health insurance continuation as required by COBRA, salary accrued through the date of termination and accrued vacation pay as required by law) either as consideration for his employment or in connection with the termination of his employment. In the event that Minor Xxxxx asserts that his voluntary termination was actually a constructive termination, Sonic Foundry shall be entitled to assert as “cause” for such termination any grounds present at the time of such termination which the Board of Directors could have asserted as “cause” if called upon to terminate MinorXxxxx. Notwithstanding the above, in the event of Minor’s Xxxxx’ death or disability Minor Xxxxx or his legal representative or estate shall have one year from the date of death or disability to exercise all stock options which were vested upon such date of death or disability.