Common use of Termination by the Company With Cause or by the Executive Without Good Reason Clause in Contracts

Termination by the Company With Cause or by the Executive Without Good Reason. If the Company terminates the Executive’s engagement for Cause or the Executive terminates his engagement without Good Reason, then (a) the Company shall pay to the Executive, on the date of termination of engagement, the Executive’s salary and earned bonus and unreimbursed business expenses up to the date of termination of engagement, and (b) the Executive shall not receive any severance pay.