Common use of Justifiable Cause Clause in Contracts

Justifiable Cause. The obligations and liabilities of the Company to the Executive shall cease as of the date of termination for "justifiable cause," and Executive shall not be entitled to any further compensation except for compensation accrued through the date of the termination and except as

Justifiable Cause. The obligations and liabilities of the Company to the Executive shall cease as of the date of termination for "justifiable cause," and Executive shall not be entitled to any further compensation except for compensation accrued through the date of the termination and except asas otherwise provided herein. Executive will be entitled to all stock, incentive stock options or equivalents vested as of the date of the Board's termination action. For the purposes hereof, the term "justifiable cause" shall mean and be limited to any termination by action of a majority of the Board because of: