Common use of Resignation; Termination for Cause Clause in Contracts

Resignation; Termination for Cause. If the Employee resigns or the Employee's employment with Tangram is terminated "For Cause" (as defined in the Employment Agreement), then any and all unvested Tangram Stock which would have vested through the end of the applicable vesting period in which Employee is terminated but for the termination in the applicable vesting period shall be forfeited on the Employee's last day of employment, and all of Employee's right, title, and interest pursuant to this Agreement as to the forfeited Tangram Stock shall terminate as of such date. If any Tangram Stock is forfeited as provided for herein, Employee acknowledges and agrees that Axial shall own all of the right, title, and interest in and to the forfeited Tangram Stock.