Common use of Termination by Employer for Cause or by Executive Without Good Reason Clause in Contracts

Termination by Employer for Cause or by Executive Without Good Reason. Upon termination of Executive’s employment by Employer for Cause or by Executive without Good Reason, Employer shall provide Executive the following payments and benefits: (i) Executive’s earned but unpaid Base Salary up through the Date of Termination; (ii) any unreimbursed business expenses properly and reasonably incurred prior to the Date of Termination (so long as the applicable documentation reflecting such business expenses is submitted by Executive to Employer within thirty (30) days after the Date of Termination); and (iii) any rights or benefits to which Executive is entitled under the terms of any employee benefit plan, program, or arrangement (subject to the terms of such plans, including the timing of payments or reimbursements provided therein). Clauses (i) through (iii) of this Section 5.5 are referred to collectively as the “Accrued Amounts.” The Accrued Amounts (other than the amounts described in subparagraph (ii) above, which shall be paid in accordance with the terms of Section 4.3) will be paid to Executive within thirty (30) days following the Date of Termination or such shorter period as required by law.

Termination by Employer for Cause or by Executive Without Good Reason. Upon termination of Executive’s employment by Employer for Cause or by Executive without Good Reason, Employer shall provide Executive the following payments and benefits: (i) Executive’s earned but unpaid Base Salary up through the Date of Termination; (ii) any unreimbursed business expenses properly and reasonably incurred prior to the Date of Termination (so long as the applicable documentation reflecting such business expenses is submitted by Executive to Employer within thirty (30) days after the Date of Termination); and (iii) any rights or benefits to which Executive is entitled under the terms of any employee benefit plan, program, or arrangement (subject to the terms of such plans, including the timing of payments or reimbursements provided therein). Clauses (i) through (iii) of this Section 5.5 are referred to collectively as the “Accrued Amounts.” The Accrued Amounts (other than the amounts described in subparagraph subaragraph (ii) above, which shall be paid in accordance with the terms of Section 4.3) will be paid to Executive within thirty (30) days following the Date of Termination or such shorter period as required by law.