Company’s Termination for Cause. This Agreement and Executive's employment hereunder may be terminated by the Company on account of Cause. In such event, the Company shall pay to Executive the amount described in Section 3.1a hereof. Payment shall be made in the form of a single-sum not later than three days after such termination. Notwithstanding any provision of this Agreement or any other plan, policy or agreement evidencing any other compensation arrangement or benefit payable to Executive, no additional amount shall be paid to Executive, except as may be required by law.
Company’s Termination for Cause. This Agreement and Executive’s employment hereunder may be terminated by the Company on account of Cause. In such event, no payments or benefits shall be due to Executive from the Company, except as may be required under a separate plan, policy or program evidencing a retirement or other benefit arrangement or as may be required by law to be provided.
Company’s Termination for Cause. The Company may terminate this Agreement and Employee’s employment hereunder at any time for Cause. In such event, the Company shall pay to Employee the amount of his or her accrued but unpaid Base Compensation. No additional payments or benefits shall be due hereunder, except as may be required under a separate plan, policy or program maintained by the Company or as may be required by law to be provided. For purposes of this Agreement, the term “Cause” shall mean that Employee has:
Company’s Termination for Cause. Before the Board terminates the Executive's employment for Cause, it shall provide the Executive an opportunity, after reasonable notice, to appear before the Board with counsel. To terminate the Executive for Cause, the Board must adopt a resolution terminating the Executive by affirmative vote of at least 75% of its members, after having given the Executive the opportunity to present his case to the Board. The Board's resolution must state that the Board finds in good faith that (i) the Executive is guilty of conduct constituting Cause, specifying the details of such conduct, and (ii) the Executive failed to cure such conduct within 30 days after receiving written notice from the Company detailing such conduct. The effective date of the Executive's termination for Cause shall be the date on which the Executive receives a copy of the resolution adopted by the Board or such later date specified in the resolution.
Company’s Termination for Cause. The Company may terminate this Agreement and the Employee's employment hereunder solely upon (i) the Employee's conviction of a felony relating to the business of the Company, (ii) a final determination by a court of competent jurisdiction that Employee has breached a fiduciary duty to the Company, its successors or assigns, or (iii) the Employee's refusal to effect a lawful order of the Board ("Cause").
Company’s Termination for Cause or Executive's Voluntary Termination. If the Executive's employment shall be terminated for Cause pursuant to Section 5.3 hereof, or in the event of the voluntary termination of this Agreement by the Executive, pursuant to Section 5.6 hereof, the Company shall pay the Executive his salary and any bonus by the Executive for a period equal to the greater of six (6) months following the Date of Termination or the remainder of the Employment Period as set forth in Section 2 hereof (the “Severance Payment”).then payable pursuant to Sections 4.1 hereof through the Date of Termination.
Company’s Termination for Cause. Executive’s employment under this Agreement may be terminated by Hibernia during the Employment Term on account of Cause. In such event, this Agreement shall automatically terminate and the obligations of Hibernia hereunder (other than the obligation to make the payment specified in this Section 3.4) shall automatically cease. In such event, Hibernia shall pay to Executive the Accrued Obligations. Notwithstanding any provision of this Agreement or any other plan, policy or agreement evidencing any other compensation arrangement or benefit payable to Executive, no additional amount shall be paid to Executive, except as may be required by law.
Company’s Termination for Cause. If the Executive's employment is terminated for Cause, the Executive terminates his employment without Good Reason during the First Employment Term, or the Executive terminates his employment during the Second Employment Term, this Amended Agreement shall terminate without further obligations to the Executive, other than for payment of Accrued Compensation, the payment of any compensation previously deferred by the Executive pursuant to a non-qualified deferred compensation plan and not previously paid, and the timely payment of Other Benefits. Accrued Compensation shall be paid to the Executive in a lump sum in cash within 30 days after his employment terminates, and Other Benefits and deferred compensation referred to in the preceding sentence shall be paid pursuant to the applicable plan, program, or policy of the Company.
Company’s Termination for Cause. Prior to the end of the Employment Period, the Company may terminate the Executive's employment under this Agreement for "Cause". For purposes of this Agreement, the Company shall have Cause to terminate the Executive's employment hereunder in the event the Executive: (i) has committed any act of willful misconduct, embezzlement or wrongful conversion of money or property belonging to any Xxxxxx Entity, or any act of fraud or dishonesty that materially affects the business of or relates to any of the Xxxxxx Entities; (ii) is convicted of a felony at any time hereafter; (iii) has failed to comply with any material directive of the Board of Directors of the Company; or (iv) has willfully and continually failed to substantially perform his duties hereunder (other than any such failure resulting from the Executive's death or disability). If the Executive's employment is terminated by the Company for Cause, the Company shall pay the Executive any Base Salary accrued or owing to the Executive hereunder through the date of termination, less any amounts owed by the Executive to any Xxxxxx Entity, and the Company shall have no further liability or obligation to the Executive hereunder. Notwithstanding the preceding, the Company acknowledges and agrees that any termination pursuant to subsection (iii) or (iv) above shall only be after the Company has given written notice to the Executive of the occurrence of such breach and if the Executive ------ does not cure such breach within ten (10) days after such notice is given.
Company’s Termination for Cause. Executive’s employment hereunder may be terminated by the Board at any time, acting in good faith, on account of Cause. The Board, or a committee thereof formed for such purpose, shall provide written notice to Executive, including a description of the specific reasons for the determination of Cause. Executive shall have the opportunity to appear before the Board or committee, with or without legal representation, to present arguments and evidence on his behalf. Following such presentation, or upon Executive’s failure to appear, the Board or the committee as the case may be, by an affirmative vote of a majority of its members, shall confirm that the actions or inactions of Executive constitute Cause hereunder. In such event, the Company shall pay to Executive his Accrued Benefits and shall have no further obligations hereunder.
