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

Termination of Employment by the Corporation for Cause. In the event the Eligible Individual exercises any portion of the Stock Option within two years prior to the Eligible Individual’s Termination of Employment for Cause, the Eligible Individual agrees that the Corporation shall be entitled to recover from the Eligible Individual, at any time within two years following such exercise, and the shall pay over to the Corporation, the excess of (i) the aggregate Fair Market Value of the Common Stock subject to such exercise on the date of exercise over (ii) the aggregate exercise price of the Common Stock subject to such exercise on the date of exercise.