Common use of Termination with Cause or Resignation Clause in Contracts

Termination with Cause or Resignation. Upon termination of Executive's employment by the Trust pursuant to paragraph 5b above or a voluntary resignation by Executive (other than for Good Reason pursuant to paragraph 5c above, the Trust will remain obligated to pay Executive only the unpaid portion of his Base Salary and benefits to the extent accrued through the effective date of termination. Any amount due under this subparagraph will be payable within 30 days after the date of termination.

Termination with Cause or Resignation. Upon termination of Executive's ’s employment by the Trust pursuant to paragraph 5b 5(b) above or a voluntary resignation by Executive (other than for Good Reason pursuant to paragraph 5c 5(c) above), the Trust will remain obligated to pay Executive only the unpaid portion of his Base Salary Salary, bonus and benefits to the extent accrued through the effective date of termination. Any amount due under this subparagraph will be payable within 30 days after the date of termination.