Common use of Termination for Cause or Other Than for Good Reason Clause in Contracts

Termination for Cause or Other Than for Good Reason. If during the Term Executive’s employment is terminated by the Company for Cause or by Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to Executive, other than the Company’s obligation to pay (as provided in Section 7.8(a)) Executive the following accrued obligations (the “Accrued Obligations”): (a) Executive’s then current annual base salary through the Termination Date; (b) any Annual Performance Bonus to which Executive is entitled pursuant to Section 5.5(b) (i.e., a bonus paid for a Fiscal Year ending during the Change in Control Period if Executive was employed by the Company or a Successor Company on the last day of such Fiscal Year); (c) any compensation previously deferred by Executive (together with accrued interest or earnings thereon, if any); and (d) any accrued vacation pay that would be payable under the Company’s standard policy; in each case, to the extent not theretofore paid.

Termination for Cause or Other Than for Good Reason. If during the Term Executive’s employment is terminated by the Company for Cause or by Executive for other than Good Reason, this Agreement shall terminate without further obligation on the part of the Company to Executive, other than the Company’s obligation to pay (as provided in Section 7.8(a)) Executive the following accrued obligations (the “Accrued Obligations”): (a) Executive’s then current annual base salary through the Termination Date; (b) any Annual Performance Bonus to which Executive is entitled pursuant to Section 5.5(b5.6(b) (i.e., a bonus paid for a Fiscal Year ending during the Change in Control Period if Executive was employed by the Company or a Successor Company on the last day of such Fiscal Year); (c) any compensation previously deferred by Executive (together with accrued interest or earnings thereon, if any); and (d) any accrued vacation pay that would be payable under the Company’s standard policy; in each case, to the extent not theretofore paid.