Common use of Termination for Cause or Resignation without Good Reason Clause in Contracts

Termination for Cause or Resignation without Good Reason. The Company may terminate Employee's employment hereunder for "Cause" effective immediately upon notice thereof from the Company to Employee. Employee may resign from the Company "Without Good Reason" effective ten business days after written notice thereof from Employee to the Company. If the Company terminates Employee for Cause or if Employee terminates his employment Without Good Reason, Employee is entitled to benefits accrued as of the effective date of his termination, but no payments or benefits under this Agreement shall accrue after the date of Employee's termination.

Termination for Cause or Resignation without Good Reason. The Company may terminate Employee's ’s employment hereunder for "“Cause" ” effective immediately upon notice thereof from the Company to Employee. Employee may resign from the Company "“Without Good Reason" ” effective ten business days after written notice thereof from Employee to the Company. If the Company terminates Employee for Cause or if Employee terminates his employment Without Good Reason, Employee is entitled to benefits accrued as of the effective date of his termination, but no payments or benefits under this Agreement shall accrue after the date of Employee's ’s termination.