Common use of Termination by the Company for Cause or Voluntary Termination by Executive Clause in Contracts

Termination by the Company for Cause or Voluntary Termination by Executive. If the Company terminates Executive's employment for "Cause" (defined below) or if Executive terminates his employment voluntarily for any reason before the end of the then-current Term, Executive will be entitled to receive his Accrued Compensation through the date his employment terminates in addition to his pro rata bonus. In the event the Company terminates Executive's employment for Cause any time on or prior to the second anniversary of the Effective Date, the Company's right to repurchase Grant Shares issued to Executive shall be limited to Grant Shares issued to Executive pursuant to Section 5(b) (2) and Section 5 (b) (3) as herein above mentioned. For purposes of this Agreement, the Company may terminate Executive's employment for "Cause" if: (1) Executive is engaged in misconduct which is materially injurious to the Company or its affiliates; (2) perpetration by Executive of an intentional and knowing fraud against or affecting the Company or any customer, client, agent or employee of the Company or any of its affiliates; or (3) Executive's commission of a felony or a crime involving fraud, dishonesty or moral turpitude. In order for Executive to terminate his employment voluntarily Executive must provide sixty (60) calendar days written notice to the Company of such termination pursuant to Section 18 hereof.