BY IDG Sample Clauses

BY IDG. (a) Executive's employment under this Agreement may be terminated by IDG at any time for good cause. For the purposes of this Section 7.1, "good cause" shall mean: (i) Executive's breach of a material provision of this Agreement; (ii) the conviction or indictment (or its procedural equivalent) of, or the entering of a plea of guilty or no contest by, Executive with respect to an act or acts involving moral turpitude that constitutes a felony under applicable law; (iii) the commission by Executive of an act or acts of dishonesty that subjects IDG or any of its affiliates to material loss or detriment, including the misappropriation (or attempted misappropriation) of any of IDG or any of its affiliate's funds, as determined by the Board of Directors of IDG; or (iv) Executive's habitual neglect of, or refusal to perform, Executive's duties under this Agreement, or deliberate and intentional disregard of lawful instructions from the Board of Directors of IDG; provided, however, that with respect to clauses (i) and (iv) above, Executive shall have received written notice of such alleged breach, neglect, refusal, or disregard, as the case may be, from the Board of Directors of IDG and shall have failed within thirty (30) days after the receipt of such notice to cure and correct such alleged breach, neglect, refusal, or disregard (or to begin in good faith to effect such cure and correction if such cure or correction cannot practically be completed within such 30-day period).
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BY IDG. (a) Executive's employment under this Agreement may be terminated by IDG at any time for good cause. For the purposes of this Section 7.1, "good cause" shall mean: (i) Executive's breach of a material provision of this Agreement; (ii) the conviction or indictment (or its procedural equivalent) of, or the entering of a plea of guilty or no contest by, Executive with respect to an act or acts involving moral turpitude that constitutes a felony under applicable law; (iii) the commission by Executive of an act or acts of dishonesty that subjects IDG or any of its affiliates to material loss or detriment, including the misappropriation (or attempted misappropriation) of any of IDG or any of its affiliate's funds, as determined by the Board of Directors of IDG; or (iv) Executive's habitual neglect of, or refusal to perform, Executive's duties under this Agreement, or deliberate and intentional disregard of lawful instructions from the Board of Directors of IDG; provided, however, that with respect to clauses (i) and (iv) above, Executive shall have received written notice of such alleged breach, neglect,

Related to BY IDG

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