Common use of Voluntary Resignation or Termination for Cause Clause in Contracts

Voluntary Resignation or Termination for Cause. If the Executive shall voluntarily terminate his employment for other than Good Reason or if the Company shall discharge the Executive for Cause, this Agreement shall terminate immediately and the Company shall have no further obligation to make any payment under this Agreement except that the Company shall pay the Executive accrued but unpaid salary, bonuses and benefits pursuant to Section 4 hereof through the Date of Termination.

Voluntary Resignation or Termination for Cause. If If, during the Employment Period, the Executive shall voluntarily terminate his employment for other than Good Reason or if the Company shall discharge the Executive for Cause, this Agreement shall terminate immediately and the Company shall have no further obligation to make any payment under this Agreement or extend any benefit to the Executive except that the Company shall pay the Executive accrued but unpaid salary, bonuses and benefits payable pursuant to Section 4 5 hereof through the Date of Termination.