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

Voluntary Resignation; Termination for Cause. If the Officer's employment terminates by reason of the Officer's voluntary resignation (and not in connection with a demotion to a Reduced Position), or if the Officer is terminated for Cause, then the Officer shall not be entitled to acceleration of his option(s) or other benefits, except for those (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the Termination Date.

Appears in 5 contracts

Samples: Change of Control Agreement (Omm Inc), Change of Control Agreement (Omm Inc), Change of Control Agreement (Omm Inc)

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Voluntary Resignation; Termination for Cause. If the Officer's ’s employment terminates by reason of the Officer's ’s voluntary resignation (and is not in connection with a demotion to a Reduced Positionan Involuntary Termination), or if the Officer is terminated for Cause, then the Officer shall not be entitled to acceleration of his option(s) receive severance or other benefits, benefits except for those (if any) as may then be established under the Company's ’s then existing equity, severance and benefits plans and policies at practices or pursuant to other agreements with the Termination DateCompany.

Appears in 3 contracts

Samples: Change of Control Severance Agreement (Intraware Inc), Change of Control Severance Agreement (Intraware Inc), Change of Control Severance Agreement (Intraware Inc)

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Voluntary Resignation; Termination for Cause. If the Officer's employment terminates by reason of the Officer's voluntary resignation (and not in connection with a demotion to a Reduced Position), or if the Officer is terminated for Cause, then the Officer shall not be entitled to acceleration of his option(s) or other benefits, except for those (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the Termination Date.to

Appears in 1 contract

Samples: Change of Control Agreement (Omm Inc)

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