Common use of Termination for Cause and Voluntary Termination Clause in Contracts

Termination for Cause and Voluntary Termination. (a) Notwithstanding any other provision of this Employment Agreement, Glasstech may terminate the Executive Employee's employment at any time for Cause (as hereinafter defined) and the Executive Employee may voluntarily terminate the Executive Employee's employment with Glasstech. Upon such termination for Cause or upon Executive Employee's voluntary termination, Executive Employee shall not participate in the Performance Bonus (pursuant to Section 3.2) for the fiscal year in which his termination occurred, and Executive Employee shall automatically forfeit those shares of Restricted Stock for which the restrictions would have lapsed (pursuant to Section 3.3) in the contract year in which his termination occurred and any subsequent year and shall participate in the Performance Share Program as set forth therein. Upon such termination for Cause or upon Executive Employee's voluntary termination, the Executive Employee shall be entitled to, except as restricted in the preceding sentence, receive any salary and other benefits earned or accrued, and reimbursement for expenses incurred, prior to the date of termination.

Termination for Cause and Voluntary Termination. (a) Notwithstanding any other provision of this Employment Agreement, Glasstech may terminate the Executive Employee's employment at any time for Cause (as hereinafter defined) and the Executive Employee may voluntarily terminate the Executive Employee's employment with Glasstech. Upon such termination for Cause or upon Executive Employee's voluntary termination, Executive Employee shall not participate in the Performance Bonus (pursuant to Section 3.2) for the fiscal year in which his her termination occurred, and Executive Employee shall automatically forfeit those shares of Restricted Stock for which the restrictions would have lapsed (pursuant to Section 3.3) in the contract year in which his her termination occurred and any subsequent year and shall participate in the Performance Share Program as set forth therein. Upon such termination for Cause or upon Executive Employee's voluntary termination, the Executive Employee shall be entitled to, except as restricted in the preceding sentence, receive any salary and other benefits earned or accrued, and reimbursement for expenses incurred, prior to the date of termination.