Common use of Engagement Termination Clause in Contracts

Engagement Termination. (a) This agreement confirms the basis upon which Employee has been engaged as an employee of the Company and the Company's wholly-owned subsidiary, Lernout & Hauspie Speech Products USA, Inc. following the Merger. Employee shall report to the President of the -------------------------------------------------------------------------------- EMPLOYMENT AGREEMENT Page 1 Language Technologies Division or such other Senior Executive Officer of the Company as the Company shall determine in its reasonable discretion. (b) Employee shall perform the duties assigned to him from time to time by the Company in accordance with the terms of this Agreement for a period of one (1) year following the Effective Time (the "Term"), subject to each party's right to terminate the Agreement as set forth in this Section 2. Upon termination of this Agreement, the obligations of the Company and Employee hereunder shall terminate. Notwithstanding any other provision of this Agreement, if the Merger is not consummated in accordance with the terms of the Merger Agreement, this Agreement shall be null and void as if it were never entered into. (c) Employee may terminate his employment under this Agreement upon sixty (60) days' written notice with the understanding that Employee will not be entitled to any termination or severance benefits in the event of such termination except payment of any salary, bonus or other compensation due but not previously paid to Employee through the date of termination of Employee's employment. (d) The Company may terminate Employee's employment under this Agreement for cause (as defined below) without notice with the understanding that Employee will not be entitled to any termination or severance benefits in the event of such termination except payment of any salary due but not previously paid to Employee through the date of termination. "Cause" for purposes of termination of Employee's employment by the Company shall be defined as:

Engagement Termination. (a) This agreement confirms the basis upon which Employee has been engaged as an employee of the Company and the Company's wholly-owned subsidiary, Lernout & Hauspie Speech Products USA, Inc. following the Merger. Employee shall report to the President of the -------------------------------------------------------------------------------- EMPLOYMENT AGREEMENT Page 1 Language Technologies Division or such other Senior Executive Officer of the Company as the Company shall determine in its reasonable discretion. (b) Employee shall perform the duties assigned to him from time to time by the Company in accordance with the terms of this Agreement for a period of one (1) year following the Effective Time (the "Term"), subject to each party's right to terminate the Agreement as set forth in this Section 2. Upon termination of this Agreement, the obligations of the Company and Employee hereunder shall terminate. Notwithstanding any other provision of this Agreement, if the Merger is not consummated in accordance with the terms of the Merger Agreement, this Agreement shall be null and void as if it were never entered into. (c) Employee may terminate his employment under this Agreement upon sixty (60) days' written notice with the understanding that Employee will not be entitled to any termination or severance benefits in the event of such termination except payment of any salary, bonus or other compensation due but not previously paid to Employee through the date of termination of Employee's employment. (d) The Company may terminate Employee's employment under this Agreement for cause (as defined below) without notice with the understanding that Employee will not be entitled to any termination or severance benefits in the event of such termination except payment of any salary due but not previously paid to Employee through the date of termination. "Cause" for purposes of termination of Employee's employment by the Company shall be defined as: