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

Termination for Cause or by the Executive. Other Than for Good Reason Termination of the Executive’s employment by the Company for Cause or by the Executive other than for Good Reason does not constitute a Qualifying Termination. Upon any such termination, the Executive shall be entitled to payment only of the Accrued Obligations.

Appears in 4 contracts

Samples: Change in Control Severance Agreement (Qlogic Corp), Change in Control Severance Agreement (Qlogic Corp), Change in Control Severance Agreement (Qlogic Corp)

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Termination for Cause or by the Executive. Other Than for Good Reason Termination of the Executive’s employment by the Company for Cause or by the Executive other than for Good Reason does not constitute a Qualifying Termination. Upon any such termination, the Executive shall be entitled to payment only of the Accrued Obligations.

Appears in 3 contracts

Samples: Employment Agreement (Remedytemp Inc), Change in Control Severance Agreement (Remedytemp Inc), Change in Control Severance Agreement (Power One Inc)

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