Common use of Terminations For Cause Clause in Contracts

Terminations For Cause. No person (nor the spouse of such person) whose employment is terminated for cause as determined by the Committee, shall vest in any benefits under the Plan, and shall be divested if previously vested.

Appears in 3 contracts

Sources: Supplemental Plan (Dresser Inc), Erisa Excess Benefit Plan (Dresser Inc), Erisa Excess Benefit Plan (Dresser Inc)