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

Termination for Cause or Voluntary Termination by Executive. In the event that Executive’s employment is terminated for Cause pursuant to Section 5.2 or at the election of Executive pursuant to Section 5.1, the Company shall have no further obligations under this Agreement other than to pay to Executive the compensation and benefits, including payment for accrued but untaken vacation days, otherwise payable to him under Section 4.1 through the last day of his actual employment by the Company.

Termination for Cause or Voluntary Termination by Executive. In If the event that Executive’s employment Termination Event is terminated termination by the Company for Cause pursuant to Section 5.2 5(c) or at the election of termination by Executive pursuant to Section 5.15(f), the Company shall have no further obligations under this Agreement other than to pay to Executive the compensation and benefits, including payment except for accrued but untaken vacation days, otherwise Base Salary payable to him under Section 4.1 through the day on which Executive’s employment was terminated and any accrued and unpaid vacation pay, unreimbursed expenses, or other benefits which may be owing in accordance with the Company’s policies or applicable law, Executive shall not be entitled to receive severance or any other compensation or benefits after the last day date of his actual employment by with the Company.