Common use of Cause; Resignation Clause in Contracts

Cause; Resignation. If the Executive's employment shall be terminated for Cause or if the Executive shall resign or be deemed to have resigned, the Company shall pay the Executive his full salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to the Executive under this Agreement; provided, however, that if, subsequent to the Executive's termination of employment with the Company other than for Cause, the Company discovers facts that, had such facts been known to the Company at the time of their occurrence, would have enabled the Company to terminate the Executive's employment for Cause, the Executive shall be entitled to no future benefits hereunder and agrees to repay (including without limitation by means of offset against any amount owed to the Executive) to the Company all amounts and benefits in excess of those to which he would have been entitled had the Company terminated his employment for Cause on the Date of Termination. The Executive further agrees that if, subsequent to the Executive's termination of employment with the Company for any reason, he violates the Employee Secrecy Agreement or Section 10 hereof, he shall be entitled to no further amounts hereunder and shall repay (including without limitation by means of offset against any amount owed to the Executive) to the Company all amounts and benefits in excess of those to which he would have been entitled had the Company terminated his employment for Cause on the first date on which such violation occurs.

Cause; Resignation. If the Executive's employment shall be terminated for Cause or if the Executive shall resign or be deemed to have resigned, the Company shall pay the Executive his full salary through the Date of Termination at the rate in effect at the time Notice of Termination is given and the Company shall have no further obligations to the Executive under this Agreement; provided, however, that if, subsequent to the Executive's termination of employment with the Company other than for Cause, the Company discovers facts that, had such facts been known to the Company at the time of their occurrence, would have enabled the Company to terminate the Executive's employment for Cause, the Executive shall be entitled to no future benefits hereunder and agrees to repay (including without limitation by means of offset against any amount owed to the Executive) to the Company all amounts and benefits in excess of those to which he would have been entitled had the Company terminated his employment for Cause on the Date of Termination. The Executive further agrees that if, subsequent to the Executive's termination of employment with the Company for any reason, he violates the Employee Secrecy Agreement or Section Sections 10 or 11 hereof, he shall be entitled to no further amounts hereunder and shall repay (including without limitation by means of offset against any amount owed to the Executive) to the Company all amounts and benefits in excess of those to which he would have been entitled had the Company terminated his employment for Cause on the first date on which such violation occurs.