Common use of Breach by Executive Clause in Contracts

Breach by Executive. (a) In the event that Executive willfully and materially breaches this Agreement, Company may terminate this Agreement, at the option of Company, (i) effective thirty (30) days after Company gives written notice of such termination to Executive, or (ii) effective upon payment of thirty (30) days' pay in lieu of notice; provided, however, that Company shall pay to Executive all cash and non-cash compensation then accrued under this Agreement to the date of such termination.

Breach by Executive. (a) In the event that Executive willfully and materially breaches this Agreement, Company may terminate this Agreement, at the option of Company, (i) effective thirty (30) days after Company gives written notice of such termination to Executive, or (ii) effective upon payment of thirty (30) days' pay in lieu of notice; provided, however, that the Company shall pay to Executive Executive, on the date of such termination, all cash and non-cash compensation then accrued under this Agreement to the date of such termination.

Breach by Executive. (a) In the event that Executive willfully and materially breaches this Agreement, Company may terminate this Agreement, at the option of Company, (i) effective thirty (30) days immediately upon discovery of said Breach after Company gives written notice of such termination to Executive, or (ii) Executive and effective upon payment of thirty (30) days' pay in lieu of notice; provided, however, that Company shall pay to Executive all cash and non-cash compensation then accrued under this Agreement to the date of such terminationpay.