Common use of Termination by Executive without Good Reason or by the Company for Cause Clause in Contracts

Termination by Executive without Good Reason or by the Company for Cause. If Executive terminates his agreement without Good Reason or is terminated by the Company for Cause, Executive shall not be entitled to the Severance Pay provided for in this Agreement (or any other severance benefits), except that the Company shall pay Executive the Accrued Obligations.

Termination by Executive without Good Reason or by the Company for Cause. If the Executive terminates his agreement the Agreement without Good Reason or is terminated by the Company for Cause, the Executive shall not be entitled to the Severance Pay Benefits provided for in this Agreement (or any other severance benefits), except that the Company shall pay the Executive the Accrued Obligations.