Common use of Termination With Cause or Without Good Reason Clause in Contracts

Termination With Cause or Without Good Reason. If the Company exercises its right to terminate the Employment Period with Cause or if Executive exercises his right to terminate the Employment Period without good reason, the Company shall be obligated to pay Executive (a) any salary that was accrued but not yet paid as of the Effective Termination Date; and (b) the unpaid Performance Bonus, if any, with respect to the calendar year preceding the Effective Termination Date (such Performance Bonus, if any, to be determined in the manner it would have been determined and payable at the time it would have been payable under Section III(C) had there been no termination of the Employment Period).

Termination With Cause or Without Good Reason. If the Company exercises its right to terminate the Employment Period with Cause or if Executive exercises his right to terminate the Employment Period without good reason, the Company shall be obligated to pay Executive (a) any salary that was accrued but not yet paid as of the Effective Termination Date; and (b) the unpaid Performance Bonus, if any, with respect to the calendar year preceding the Effective Termination Date (such Performance Bonus, if any, to be determined in the manner it would have been determined and payable at the time it would have been payable under Section III(C) III C had there been no termination of the Employment Period).

Termination With Cause or Without Good Reason. If the --------------------------------------------- Company exercises its right to terminate the Employment Period with Cause or if Executive exercises his right to terminate the Employment Period without good reason, the Company shall be obligated to pay Executive (a) any salary that was accrued but not yet paid as of the Effective Termination Date; and (b) the unpaid Performance Bonus, if any, Bonus with respect to the calendar year preceding the Effective Termination Date (such Performance Bonus, if any, Bonus to be determined in the manner it would have been determined and payable at the time it would have been payable under Section III(C) had there been no termination of the Employment Period).