Common use of Termination for Cause or Voluntary Resignation Clause in Contracts

Termination for Cause or Voluntary Resignation. without Good Reason ------------------------------------------------------------------ or Retirement. If Executive's employment hereunder is terminated: (i) by the ------------- Company for Cause, (ii) by Executive without Good Reason outside of the Change in Control Protection Period, or (iii) by the Company pursuant to Section 7(a)(viii) hereof, the Executive shall be entitled to receive only his Base Salary through the date of termination, any earned but unpaid bonus, and any unreimbursed business expenses payable pursuant to Section 6. Subject to Section 4(b) hereof, all other benefits (including, without limitation, Options) due Executive following such termination of employment shall be determined in accordance with the plans, policies and practices of the Company.

Appears in 6 contracts

Samples: Employment Agreement (Wilshire Financial Services Group Inc), Employment Agreement (Wilshire Financial Services Group Inc), Employment Agreement (Wilshire Financial Services Group Inc)

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