Common use of Termination Without Cause by Employee Clause in Contracts

Termination Without Cause by Employee. Employee may voluntarily without cause terminate this Agreement upon sixty (60) days prior written notice to the Company. In the event of such termination (unless such termination is by Employee "for good reason" as such term is defined above), all compensation (including without limitation the Salary and all perquisites and fringe benefits, but excluding any vested stock options) to which Employee would otherwise be entitled for periods after the effective date of such termination shall be discontinued and forfeited as of the effective date of such termination.