Common use of No Reason Clause in Contracts

No Reason. If prior to the expiration of the Employment Term, Employee voluntarily resigns from his employment other than for Cause, Employee shall (i) be entitled only to that portion of Base Salary accrued through the date of termination of employment hereunder (the "Accrued Salary"), (ii) receive no further Base Salary or Bonus hereunder and (iii) cease to be covered under or be permitted to participate in or receive any of the Benefits. In addition, except as otherwise provided for herein or in the Long Term Incentive Plan or in the agreement pursuant to which such options are granted, the Initial Options and, if applicable, the Performance Options, shall automatically cease to vest and the exerciseability of any of such options which have vested prior to the termination of Employee's employment shall be governed by the agreement(s) pursuant to which such options are granted.

No Reason. If prior to the expiration of the Employment Term, Employee voluntarily resigns from his employment other than for Cause, Employee shall (i) be entitled only to that portion of Base Salary accrued through the date of termination of employment hereunder (the "Accrued Salary"), (ii) receive no further Base Salary or Bonus bonus hereunder and (iii) cease to be covered under or be permitted to participate in or receive any of the Benefits. In addition, except as otherwise provided for herein or in the Long Term Incentive Plan or in the agreement pursuant to which such options are granted, the Initial Options Grant and, if applicable, the Performance Options, shall automatically cease to vest and the exerciseability of any of such options which have vested prior to the termination of Employee's employment shall be governed by the agreement(s) pursuant to which such options are granted.