Common use of Termination by the Company for Cause; Termination by the Executive without Good Reason Clause in Contracts

Termination by the Company for Cause; Termination by the Executive without Good Reason. The Company may terminate the Executive’s employment at any time for Cause, effective upon delivery to the Executive of written notice of such termination. If the Executive’s employment is terminated by the Company for Cause, the Executive shall be entitled only to the following: (i) payment of any earned but unpaid Base Salary through the Termination Date, no later than 60 days following the Termination Date (or such earlier date as may be required by applicable law); (ii) reimbursement for any unreimbursed business expenses incurred through the Termination Date, in accordance with Section 3(h); and (iii) all other payments or benefits to which the Executive shall be entitled under the terms of any applicable compensation arrangement or benefit plan or program or grant or this Agreement, payable in accordance therewith (collectively, clauses (i) through (iii), the “Accrued Benefits”); Following the termination of the Executive’s employment by the Company for Cause, except as set forth in this Section 4(b), the Executive shall have no further rights to any compensation or any other benefits under this Agreement.