Termination for Cause or Voluntary Termination by the Executive. If the Executive’s employment hereunder is terminated during the Employment Term by the Company for Cause (as defined in Section 9(d) hereof), or voluntarily terminated by the Executive other than pursuant to Section 8(a), (1) the Company shall have no further obligations to the Executive hereunder, except to pay or provide to the Executive any and all Accrued Rights, and (2) all unvested Restricted Shares shall terminate immediately and be of no further force or effect.
Appears in 2 contracts
Samples: Employment Agreement (Strayer Education Inc), Employment Agreement (Strayer Education Inc)
Termination for Cause or Voluntary Termination by the Executive. If the Executive’s employment hereunder is terminated during the Employment Term by the Company for Cause (as defined in Section 9(d) hereof), or voluntarily terminated by the Executive other than pursuant to Section 8(a), (1) the Company shall have no further obligations to the Executive hereunder, except to pay or provide to the Executive any and all Accrued Rights, and (2) all unvested Restricted Shares Incentive Equity shall terminate immediately and be of no further force or effect.
Appears in 1 contract
Termination for Cause or Voluntary Termination by the Executive. If the Executive’s employment hereunder is terminated during the Employment Term by the Company University for Cause (as defined in Section 9(d) hereof), or voluntarily terminated by the Executive other than pursuant to Section 8(a), (1) the Company University shall have no further obligations to the Executive hereunder, except to pay or provide to the Executive any and all Accrued Rights, and (2) all unvested Restricted Shares shall terminate immediately and be of no further force or effect.
Appears in 1 contract
