Common use of Salary and Benefits upon Termination for Cause Clause in Contracts

Salary and Benefits upon Termination for Cause. In the event of termination for cause, the Employee shall be paid the Employee's Base Annual Salary through the effective date of termination. After the effective date of termination, the Employee shall not be entitled to accrue or vest in any further salary, severance pay, benefits, fringe benefits or entitlements except as may be required by statute or regulation of any agency or competent jurisdiction.