Common use of Termination by the Company With Cause or by the Executive Without Good Reason Clause in Contracts

Termination by the Company With Cause or by the Executive Without Good Reason. If the Company terminates the Executive’s employment for Cause or the Executive terminates his employment without Good Reason, then (a) the Company shall pay to the Executive, on the date of termination of employment, the Executive’s salary and earned bonus or other compensation, the value of the Executive’s earned but unused vacation days, and unreimbursed business expenses up to the date of termination of employment, and (b) the Executive shall not receive any severance pay.