Common use of Termination for Cause or Resignation Clause in Contracts

Termination for Cause or Resignation. In the event Employee’s employment is terminated by the Company for Cause, or by Employee, Employee or his estate, conservator or designated beneficiary, as the case may be, shall be entitled to payment of any earned but unpaid Base Salary through the date of termination, as well as any accrued vested benefits to which Employee is entitled. Following any such termination or resignation, neither Employee nor his estate, conservator or designated beneficiary shall be entitled to receive any other payment provided for hereunder with respect to any period after such termination or resignation.

Termination for Cause or Resignation. In the event Employee’s employment is terminated by the Company for Cause, or by Employee, Employee or his estate, conservator or designated beneficiary, as the case may be, shall be entitled to payment of any earned but unpaid Base Salary through the date of termination, as well as any accrued vested vested, benefits to which Employee is entitled. Following any such termination or resignation, neither Employee nor his estate, conservator or designated beneficiary shall be entitled to receive any other payment provided for hereunder with respect to any period after such termination or resignation.