Common use of Termination by the Company for Clause in Contracts

Termination by the Company for. CAUSE" OR VOLUNTARILY BY EXECUTIVE. The Company may terminate Executive's employment at any time with or without Cause, and Executive may terminate his or her employment at any time for any reason, in each case by delivery of written notice to the other party. If the Company terminates Executive's employment with the Company for Cause or if Executive terminates such employment by reason of disability, death or voluntary resignation, then Executive shall be entitled to receive all salary and benefits (including vacation, death, disability and medical benefits, if any, to the extent such benefits are accorded to Executive under the Company's benefit plans maintained for employees generally) accrued and payable to him or her with respect to services rendered through the date of termination and shall be entitled to no additional separation or severance payment hereunder. Further, in such case, this Agreement shall have no effect on, and shall not be deemed to amend or modify, any of the terms of any stock option granted to Executive by the Company through the date of termination (collectively, the "Options") and Executive's rights thereunder shall be limited

Termination by the Company for. CAUSE" OR VOLUNTARILY BY EXECUTIVE. The Company may terminate Executive's employment at any time with or without Cause, and Executive may terminate his or her employment at any time for any reason, in each case by delivery of written notice to the other party. If the Company terminates Executive's employment with the Company for Cause or if Executive terminates such employment by reason of disability, death or voluntary resignation, then Executive shall be entitled to receive all salary and benefits (including vacation, death, disability and medical benefits, if any, to the extent such benefits are accorded to Executive under the Company's benefit plans maintained for employees generally) accrued and payable to him or her with respect to services rendered through the date of termination and shall be entitled to no additional separation or severance payment hereunder. Further, in such case, this Agreement shall have no effect on, and shall not be deemed to amend or modify, any of the terms of any stock option granted to Executive by the Company through the date of termination (collectively, the "Options") and Executive's rights thereunder shall be limitedlimited to the terms and conditions set forth in the applicable stock option agreement evidencing such