By the Corporation for Cause. The Company may terminate the Executive's employment during the Employment Period for Cause. For purposes of this Employment Agreement, "Cause" shall mean:
By the Corporation for Cause by the Corporation at any time for Cause (as defined in Section 5.7), by providing written notice to the Executive specifying the act or omissions upon which the Corporation is relying to terminate his or her employment for Cause, in which case the “Date of Termination” shall mean the effective date set out by the Corporation in such written notice;
By the Corporation for Cause. This Agreement and the Employee’s employment with the Corporation may be terminated for Cause at any time in accordance with subparagraph (e) of this section. For purposes of this Agreement, Cause shall mean only the following: (i) a conviction of or a plea of guilty or nolo contendre by the Employee to a felony or an act of fraud, embezzlement or theft or other criminal conduct against the Corporation; (ii) habitual neglect of the Employee’s material duties or failure by the Employee to perform or observe any substantial lawful obligation of such employment that is not remedied within thirty (30) days after written notice thereof from the Corporation or its Board of Directors; or (iii) any material breach by the Employee of this Agreement. Should the Employee dispute whether he was terminated for Cause, then the Corporation and the Employee shall enter immediately into binding arbitration pursuant to the Commercial Arbitration Rules of the American Arbitration Association, the cost of which shall be borne by the non-prevailing party.
By the Corporation for Cause. This Agreement and Employee’s employment with the Corporation may be terminated for Cause at any time. For purposes of this Agreement, “Cause” shall mean only the following: (i) a conviction of or a plea of guilty or nolo contendre by Employee to a felony or an act of fraud, embezzlement or theft or other criminal conduct against the Corporation; (ii) habitual neglect of Employee’s material duties or failure by Employee to perform or observe any substantial lawful obligation of such employment that is not remedied within 30 days after written notice thereof from the Corporation, the Executive Chairman or the Board; or (iii) any material breach by the Employee of this Agreement. Should Employee dispute whether he was terminated for Cause, then the Corporation and the Employee shall enter immediately into binding arbitration pursuant to Section 26.
By the Corporation for Cause. This Agreement and Executive’s employment with the Corporation may be terminated for Cause at any time. For purposes of this Agreement, “Cause” shall mean only the following: (i) a conviction of or a plea of guilty or nolo contendre by Executive to a non-motor vehicle felony or an act of fraud, embezzlement or theft or other criminal conduct against the Corporation; (ii) habitual neglect of Executive’s material duties or failure by Executive to perform or observe any substantial lawful obligation of such employment that is not remedied within 30 days after written notice thereof from the Board; or (iii) any material breach by the Executive of this Agreement. Should Executive dispute whether he was terminated for Cause, then the Corporation and the Executive shall enter immediately into binding arbitration pursuant to Section 23.
By the Corporation for Cause. The Corporation may terminate this Agreement for cause at any time. For purposes of this Agreement, the term "cause," when used in connection with termination of the Agreement by the Corporation under this Section 8.1, shall be limited to (i) the willful engaging by the Employee in gross misconduct which is materially injurious to the Corporation, (ii) conviction of the Employee of a felony involving any financial impropriety or which would materially interfere with the Employee's ability to perform his services required under this Agreement or otherwise be materially injurious to the Corporation, or (iii) the willful refusal of the Employee to perform in a material respect any of his material obligations under this Agreement without proper justification after being notified with specificity by the Board of Directors in writing of the particular respects in which the Board of Directors asserts that Employee has not performed such material obligations. For purposes of this Section 8.1, no act, or failure to act, on the Employee's part shall be considered willful unless done, or admitted to be done, by the Employee in bad faith and without reasonable belief that such action or omission was in the best interest of the Corporation.
By the Corporation for Cause. The Corporation shall have the right, in its sole discretion, to terminate Officer’s employment hereunder at any time for “Cause” immediately upon giving written notice of termination to Officer. Upon his termination for Cause, Officer shall be entitled to receive only the accrued but unpaid portion of his Base Salary through the date of termination, plus any accrued and vested but unpaid bonuses and other compensation as of such date, but Officer shall not be entitled to any other bonus or incentive compensation for the fiscal year in which he was terminated. In addition, any unvested portion of any option to purchase shares of common stock, par value $.01 per share, of the Corporation (the “Stock Options”) shall expire without vesting. Officer shall have no right to receive any other or further compensation or benefits. For purposes of this Agreement, “Cause” means only the following:
By the Corporation for Cause. The Corporation shall have the right, in its sole discretion, to terminate Officer's employment hereunder at any time for "Cause" immediately upon giving written notice of termination to Officer. Upon his termination for Cause, Officer shall be entitled to receive only the accrued but unpaid portion of his Base Salary through the date of termination, plus any accrued and vested but unpaid bonuses and other compensation as of such date, but Officer shall not be entitled to any other bonus or incentive compensation for the fiscal year in which he was terminated. In addition, any unvested portion of any option to purchase shares of common stock, par value $.01 per
By the Corporation for Cause. The Corporation may terminate the Executive's employment during the Employment Period for Cause. For purposes of this Agreement, “Cause” shall mean (i) the conviction of the Executive for the commission of a felony, (ii) action by the Executive involving willful malfeasance or gross negligence or failure to act by the Executive involving material nonfeasance, which, at the time of such willful malfeasance or gross negligence or material nonfeasance, has a material adverse effect on the Corporation or (iii) the failure by the Executive to follow directives of the Board (to the extent permitted by law) or the Chief Executive Officer of the Corporation or the failure to meet reasonable performance standards established by the Chief Executive Officer of the Corporation.
By the Corporation for Cause. The Corporation may terminate the Sales Executive's employment during the Employment Period for Cause. For purposes of this Agreement, "Cause" shall mean (i) the conviction of the Sales Executive for the commission of a felony; (ii) action by the Sales Executive involving willful malfeasance or gross negligence or failure to act by the Sales Executive involving material nonfeasance, which, at the time of such willful malfeasance or gross negligence or material nonfeasance, has a materially adverse effect on the Corporation; or (iii) the failure by the Sales Executive to follow directives of the Chief Executive Officer of the Corporation; the Executive Vice President, Sales and Marketing; the Sales Executive's Divisional Sales Vice President; or the failure to meet reasonable performance standards established by such executives of the Corporation.
