Common use of Company Initiated Termination For Cause Clause in Contracts

Company Initiated Termination For Cause. The Company may terminate Executive’s employment for cause, which shall be evidenced by written notice thereof to the Executive, which shall specify the cause for termination. For purposes hereof, the term “cause” shall include, without limitation, the inability of the Executive, through sickness or other incapacity, to perform his duties under this Agreement for a period in excess of one hundred eighty (180) substantially consecutive days; conviction of a crime; or a material breach of this Agreement. The Company’s obligations hereunder shall terminate upon any termination for cause pursuant to this Section 2.1; provided, however, if such termination results from death, sickness or other incapacity of Executive, the Company will extend to Executive the same severance benefits as though the termination was effected without cause initiated by the Executive described in Section 2.2.2. In the event that termination results from the Executive’s death, the Company will pay the Executive’s severance benefits to his estate or legal heirs, and extend the period for executing vested stock options to the equivalent of Executive’s severance period, twelve (12) months.

Company Initiated Termination For Cause. The Company may terminate Executive’s employment for cause, which shall be evidenced by written notice thereof to the Executive, which shall specify the cause for termination. For purposes hereof, the term “cause” shall include, without limitation, the inability of the Executive, through sickness or other incapacity, to perform his duties under this Agreement for a period in excess of one hundred eighty (180) substantially consecutive days; conviction of a crime; or a material breach of this Agreement. The Company’s obligations hereunder shall terminate upon any termination for cause pursuant to this Section 2.1; provided, however, if such termination results from death, sickness or other incapacity of Executive, the Company will extend to Executive the same severance benefits as though the termination was effected without cause initiated by the Executive described in Section 2.2.2. In the event that termination results from the Executive’s death, the Company will pay the Executive’s severance benefits to his estate or legal heirs, and extend the period for executing vested stock options to the equivalent of Executive’s severance period, twelve six (126) months.

Company Initiated Termination For Cause. The Company may terminate Executive’s 's employment for cause, which shall be evidenced by written notice thereof to the Executive, which shall specify the cause for termination. For purposes hereof, the term “"cause” " shall include, without limitation, the inability of the Executive, through sickness or other incapacity, to perform his duties under this Agreement for a period in excess of one hundred eighty (180) substantially consecutive days; conviction of a crime; or a material breach of this Agreement. The Company’s 's obligations hereunder shall terminate upon any termination for cause pursuant to this Section 2.1; provided, however, if such termination results from death, sickness or other incapacity of Executive, the Company will extend to Executive the same severance benefits as though the termination was effected without cause initiated by the Executive described in Section 2.2.2. In the event that termination results from the Executive’s 's death, the Company will pay the Executive’s 's severance benefits to his estate or legal heirs, and extend the period for executing vested stock options to the equivalent of Executive’s 's severance period, twelve six (126) months.

Company Initiated Termination For Cause. The Company may terminate Executive’s employment for cause, which shall be evidenced by written notice thereof to the Executive, which shall specify the cause for termination. For purposes hereof, the term “cause” shall include, without limitation, the inability of the Executive, through sickness or other incapacity, to perform his duties under this Agreement for a period in excess of one hundred eighty (180) substantially consecutive days; conviction of a crime; or a material breach of this Agreement. The Company’s obligations hereunder shall terminate upon any termination for cause pursuant to this Section 2.1; provided, however, if such termination results from death, sickness or other incapacity of Executive, the Company will extend to Executive the same severance benefits as though the termination was effected without cause initiated by the Executive described in Section 2.2.2. In the event that termination results from the Executive’s death, the Company will pay the Executive’s severance benefits to his estate or legal heirs, and extend the period for executing vested stock options to the equivalent of Executive’s severance period, twelve nine (129) months.