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

Termination for Cause or Voluntary Resignation. If Employee's employment is terminated for Cause or as the result of Employee's voluntary resignation at any time, then Employee shall not be entitled to receive payment of any severance benefits pursuant to the terms of this Agreement. Employee will receive payment(s) for all salary, bonuses and unpaid vacation accrued as of the date of Employee's termination of employment and Employee's benefits will be continued under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 3 contracts

Samples: Management Continuity Agreement (Simplex Solutions Inc), Management Continuity Agreement (Simplex Solutions Inc), Management Continuity Agreement (Simplex Solutions Inc)

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Termination for Cause or Voluntary Resignation. If Employee's employment is terminated for Cause or as the result of Employee's voluntary resignation at any time, then Employee shall not be entitled to receive payment of any severance benefits pursuant to the terms of this Agreementbenefits. Employee will receive payment(s) for all salary, bonuses and unpaid vacation accrued as of the date of Employee's termination of employment and Employee's benefits will be continued under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination and in accordance with applicable law.

Appears in 1 contract

Samples: Management Continuity Agreement (Simplex Solutions Inc)

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