Common use of Termination of Employment by the Company for Cause Clause in Contracts

Termination of Employment by the Company for Cause. The Company may terminate the Executive's employment for Cause during the Term of Employment following prior written notice to the Executive which will be effective ten (10) calendar days after the delivery of such notice to the Executive. If the Executive's employment is so terminated by the Company, the Term of Employment shall end as of the effective date of the notice and the Executive shall thereupon be entitled to the following: (i) Base Salary earned but not paid prior to the Date of Termination; (ii) any annual and quarterly bonuses under Section 4(b) with respect to any year prior to the year of the Date of Termination which have not yet been paid, together with the prorated portion through the Date of Termination of the Executive's quarterly bonus; (iii) any amounts earned, accrued or owing to the Executive but not yet paid under Section 4(d)-(f) above, subject to the terms and conditions of the applicable benefit plans and programs; (iv) such other or additional benefits, if any, as are provided under applicable plans, programs and/or arrangements of the Company; and (v) any unexercised or unvested stock options shall remain exercisable or vest upon the Executive's termination only to the extent provided in the applicable option plan and option agreements.

Termination of Employment by the Company for Cause. The Company may terminate the Executive's ’s employment for Cause during the Term of Employment following prior written notice to the Executive which will be effective ten (10) calendar days after the delivery of such notice to the Executive. If the Executive's ’s employment is so terminated by the Company, the Term of Employment shall end as of the effective date of the notice and the Executive shall thereupon be entitled to the following: (i) Base Salary earned but not paid prior to the Date of Termination; (ii) any annual and quarterly bonuses under Section 4(b) with respect to any year prior to the year of the Date of Termination which have not yet been paid, together with the prorated portion through the Date of Termination of the Executive's ’s quarterly bonus; (iii) any amounts earned, accrued or owing to the Executive but not yet paid under Section 4(d)-(f) above, subject to the terms and conditions of the applicable benefit plans and programs; (iv) such other or additional benefits, if any, as are provided under applicable plans, programs and/or arrangements of the Company; and (v) any unexercised or unvested stock options shall remain exercisable or vest upon the Executive's ’s termination only to the extent provided in the applicable option plan and option agreements.

Termination of Employment by the Company for Cause. The Company may terminate the Executive's employment for Cause during the Term of Employment following prior written notice to the Executive which will be effective ten (10) calendar days after the delivery of such notice to the Executive. If the Executive's employment is so terminated by the Company, the Term of Employment Agreement shall end terminate as of the effective date of the notice and the Executive shall thereupon be entitled to the following: (i) Base Salary earned but not paid prior to the Date of Termination; (ii) any annual and quarterly bonuses under Section 4(b) with respect to any year prior to the year of the Date of Termination which have not yet been paid, together with the prorated portion through the Date of Termination of the Executive's quarterly bonus; (iii) any amounts earned, accrued or owing to the Executive but not yet paid under Section 4(d)-(f) above, subject to the terms and conditions of the applicable benefit plans and programs; (iv) such other or additional benefits, if any, as are provided under applicable plans, programs and/or arrangements of the Company; and (v) any unexercised or unvested stock options shall remain exercisable or vest upon the Executive's termination only to the extent provided in the applicable option plan and option agreements.

Termination of Employment by the Company for Cause. The Company may terminate the Executive's ’s employment for Cause during the Term of Employment following prior written notice to the Executive which will be effective ten (10) calendar days after the delivery of such notice to the Executive. If the Executive's ’s employment is so terminated by the Company, the Term of Employment shall end as of the effective date of the notice and the Executive shall thereupon be entitled to the following: (i) Base Salary earned but not paid prior to the Date of Termination; (ii) any annual and quarterly bonuses under Section 4(b) with respect to any year prior to the year of the Date of Termination which have not yet been paid, together with the prorated portion through the Date of Termination of the Executive's quarterly bonus’s annual bonus for the year of his Termination; (iii) any amounts earned, accrued or owing to the Executive but not yet paid under Section 4(d)-(f) above, subject to the terms and conditions of the applicable benefit plans and programs; (iv) such other or additional benefits, if any, as are provided under applicable plans, programs and/or arrangements of the Company; and (v) any unexercised or unvested invested stock options shall remain exercisable or vest upon the Executive's ’s termination only to the extent provided in the applicable option plan and option agreements.