Common use of Termination on Account of Cause Clause in Contracts

Termination on Account of Cause. The Company may terminate the Executive’s employment during the Term with or without Cause. If Executive’s employment is terminated for Cause during the employment Term, the Company shall deliver payment of any Accrued Obligations owed to Executive in a lump sum cash payment within thirty (30) days of the Executive’s termination of employment. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates by the Company on account of Cause, no severance payments described in Section 14 below shall be paid to Executive.

Termination on Account of Cause. The Company may terminate the Executive’s employment during the Term with or without Cause. If Executive’s employment is 4 terminated for Cause during the employment Term, the Company shall deliver payment of any Accrued Obligations owed to Executive in a lump sum cash payment within thirty (30) days of the Executive’s termination of employment. Notwithstanding anything in this Agreement to the contrary, if Executive’s employment terminates by the Company on account of Cause, no severance payments described in Section 14 below shall be paid to Executive.

Termination on Account of Cause. The Company may terminate the Executive’s employment during the Term with or without Cause. If Executive’s employment is terminated for Cause during the employment Term, the Company shall deliver payment of any Accrued Obligations owed to Executive in a lump sum cash payment within thirty (30) days of the Executive’s termination of employment. Notwithstanding anything in this Agreement to the 4 contrary, if Executive’s employment terminates by the Company on account of Cause, no severance payments described in Section 14 below shall be paid to Executive.