Common use of TRANSITION COMMENCEMENT DATE Clause in Contracts

TRANSITION COMMENCEMENT DATE. As of <> (the "Transition Commencement Date"), Executive will no longer hold the position of Executive Vice President and General Manager and will be relieved of all of Executive's authority and responsibilities in that position. Executive will be paid all accrued salary for his services as Executive Vice President and General Manager to the Transition Commencement Date by not later than the following regular payroll date. Following the Transition Commencement Date, Executive will no longer participate in Cadence's medical, dental, and vision insurance plans (unless Executive elects to continue coverage pursuant to COBRA), and will not be eligible for a bonus for any services rendered after that date.

TRANSITION COMMENCEMENT DATE. As of <> January 1, 2005 (the "Transition Commencement Date"), Executive will no longer hold the position of Executive Vice President and General Manager and will be relieved of all of Executive's authority and responsibilities in that position. Executive will be paid all accrued salary for his services as Executive Vice President and General Manager to the Transition Commencement Date by not later than the following regular payroll date. Following the Transition Commencement Date, Executive will no longer participate in Cadence's medical, dental, and vision insurance plans (unless Executive elects to continue coverage pursuant to COBRA), and will not be eligible for a bonus for any services rendered after that date.

TRANSITION COMMENCEMENT DATE. As of <> (the "“Transition Commencement Date"”), Executive will no longer hold the position of Executive Vice President and General Manager and will be relieved of all of Executive's ’s authority and responsibilities in that position. Executive will be paid all accrued salary for his services as Executive Vice President and General Manager an officer of the Company to the Transition Commencement Date by not later than the following regular payroll date. Following the Transition Commencement Date, Executive will no longer participate in Cadence's ’s medical, dental, and vision insurance plans (unless Executive elects to continue coverage pursuant to COBRA), and will not be eligible for a bonus for any services rendered after that date.

TRANSITION COMMENCEMENT DATE. As of <> (the "Transition Commencement Date"), Executive will no longer hold the position of Executive Vice President and General Manager Chief Financial Officer and will be relieved of all of Executive's authority and responsibilities in that position. Executive will be paid all accrued salary for his services as Executive Vice President and General Manager Chief Financial Officer to the Transition Commencement Date by not later than the following regular payroll date. Following the Transition Commencement Date, Executive will no longer participate in Cadence's medical, dental, and vision insurance plans (unless Executive elects to continue coverage pursuant to COBRA), and will not be eligible for a bonus for any services rendered after that date.