Common use of Resignation; Termination for Cause Clause in Contracts

Resignation; Termination for Cause. If the Executive voluntarily terminates [his/her] employment with the Company without a Change in Control, or if the Company terminates the Executive’s employment with the Company for Cause without a Change in Control, then the Company shall (i) pay the Executive, in a lump sum in cash within 30 days after the Date of Termination, the sum of (A) the Executive’s annual base salary accrued and unpaid through the Date of Termination and (B) the amount of any compensation previously deferred by the Executive, in each case to the extent not previously paid, and (ii) timely pay or provide to the Executive the Other Benefits.