Deactivation for Cause Clause Samples

Deactivation for Cause. For purposes of this Agreement, “Cause” shall be defined to include the following: (i) willful misappropriation of any the Company property, including, but not limited to, equipment or parts, or the Company’s tools in Enterprise Partner’s possession; (ii) failure to materially perform or substantially perform Enterprise Partner’s obligations under this Agreement, including without limitation the confidentiality provisions and restrictive covenants in Section 4 and 5 of this Agreement; (iii) conviction of a crime or entry of a plea of guilty or nolo contendere to a felony crime or a crime involving moral turpitude; (iv) gross misconduct that is willful and demonstrably and materially injurious to the Company’s business, financial condition or reputation; and (v) any material breach of the Code of Conduct (as defined below). The parties agree that the actions in (ii), (iv) and (v) above shall not be considered Cause unless Enterprise Partner has failed to cure such actions within 30 days of receiving written notice specifying with particularity the events allegedly giving rise to Cause.