Common use of Termination by XStream for Cause Clause in Contracts

Termination by XStream for Cause. XStream, effective immediately upon written notice to Executive, shall have the right to terminate Executive’s employment with XStream at any time, for Cause (as defined below). Upon such termination by XStream, XStream shall pay Executive all Base Salary, Annual Bonus (if already awarded), Stock Options, Business Expenses and Benefits which are due and accrued through the effective date of termination of Executive’s employment with XStream. All such amounts shall be payable to Executive within ten (10) days of the effective date of termination of Executive’s employment with XStream.