Common use of Good Cause Clause in Contracts

Good Cause. The Company may terminate the Agreement for good cause by providing a written notice to Employee not less than ten (10) days prior to the Date of Termination. “Good Cause” shall be: (1) Employee’s material and irreparable breach of this Agreement; (2) Employee’s gross negligence in the performance or intentional nonperformance (continuing for ten (10) days after receipt of the written notice of same) of any of Employee’s material duties and responsibilities hereunder; (3) Employee’s dishonesty, fraud or misconduct with respect to the business or affairs of the Company which materially and adversely affects the operations or reputation of the Company; (4) Employee’s conviction of a felony crime; or (5) chronic alcohol abuse or illegal drug abuse by Employee. In the event of a termination for good cause, as enumerated above, Employee shall have no right to any severance compensation.

Appears in 8 contracts

Samples: Employment Agreement (Sourcecorp Inc), Employment Agreement (Sourcecorp Inc), Employment Agreement (Sourcecorp Inc)

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Good Cause. The Company may terminate the Agreement for good cause by providing a written notice to Employee not less than ten (10) days prior after written notice to the Date of Termination. “Good Cause” Employee for good cause, which shall be: (1i) Employee’s 's material and irreparable breach of this AgreementAgreement (continuing for ten (10) days after receipt of written notice); (2ii) Employee’s 's gross negligence in the performance or intentional nonperformance (continuing for ten (10) days after receipt of the written notice of samenotice) of any of Employee’s 's material duties and responsibilities hereunder; (3iii) Employee’s 's dishonesty, fraud or misconduct with respect to the business or affairs of the Company which materially and adversely affects the operations or reputation of the Company; (4iv) Employee’s 's conviction of a felony crime; or (5) chronic alcohol abuse or illegal drug abuse by Employee. In the event of a termination for good cause, as enumerated above, Employee shall have no right to any severance compensation.

Appears in 2 contracts

Samples: Employment Agreement (Woodroast Systems Inc), Employment Agreement (Woodroast Systems Inc)

Good Cause. The Company may terminate the Agreement for good cause cause, by providing a written notice to Employee not less than ten (10) days prior to the Date of Termination. “Good Cause” shall be: (1) Employee’s material and irreparable breach of this Agreement; (2) Employee’s gross negligence in the performance or intentional nonperformance (continuing for ten (10) days after receipt of the written notice of same) of any of Employee’s material duties and responsibilities hereunder; (3) Employee’s dishonesty, fraud or misconduct with respect to the business or affairs of the Company which materially and adversely affects the operations or reputation of the Company; (4) Employee’s conviction of a felony crime; or (5) chronic alcohol abuse or illegal drug abuse by Employee. In the event of a termination for good cause, as enumerated above, Employee shall have no right to any severance compensation.

Appears in 2 contracts

Samples: Employment Agreement (Sourcecorp Inc), Employment Agreement (Sourcecorp Inc)

Good Cause. The Company may terminate the this Agreement for good cause by providing a 10 days after written notice to Employee not less than ten (10) days prior to the Date of Termination. “Good Cause” for good cause, which shall be: (1i) Employee’s 's material and irreparable breach of this AgreementAgreement (continuing for 10 days after receipt of written notice of need to cure); (2ii) Employee’s 's gross negligence in the performance or intentional nonperformance (continuing for ten (10) 10 days after receipt of the written notice of sameneed to cure) of any of Employee’s 's material duties and responsibilities hereunder; (3iii) Employee’s 's dishonesty, fraud or misconduct with respect to the business or affairs of the Company which materially and adversely affects the operations or reputation of the Company; (4iv) Employee’s 's conviction of a felony crime; or (5v) chronic alcohol abuse or illegal drug abuse by Employee. In the event of a termination for good cause, as enumerated above, Employee shall have no right to any severance compensation.

Appears in 2 contracts

Samples: Employment Agreement (Ifco Systems Nv), Employment Agreement (Ifco Systems Nv)

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Good Cause. The Company may terminate the Agreement for good cause by providing a written notice to Employee not less than ten (10) days prior after written notice to the Date of Termination. “Good Cause” Employee for good cause, which shall bemean: (1) Employee’s material and irreparable breach of this Agreement; (2) Employee’s gross negligence in the performance or intentional nonperformance (either of which continuing for ten (10) days after receipt of the written notice of sameneed to cure which details such negligence on non-performance) of any of Employee’s material duties and responsibilities hereunder; (2) Employee’s willful, material and irreparable breach of this Agreement; (3) Employee’s willful dishonesty, fraud or misconduct with respect to the business or affairs of the Company which materially and adversely affects the operations or reputation of the Company; (4) Employee’s conviction of a felony crime; or (5) chronic alcohol abuse or illegal drug abuse by Employee. In the event of a termination for good cause, as enumerated above, Employee shall have no right to any severance compensation.

Appears in 1 contract

Samples: Employment Agreement (Epicedge Inc)

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