Common use of Notice of Termination for Cause Clause in Contracts

Notice of Termination for Cause. A notice of termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for termination for Cause. Further, a notice of termination for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination for Cause shall be the date indicated in the notice of termination. Any purported termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company without Cause.

Appears in 6 contracts

Samples: Employment Agreement (Wilshire Financial Services Group Inc), Employment Agreement (Wilshire Financial Services Group Inc), Employment Agreement (Wilshire Financial Services Group Inc)

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Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the Company without Cause.

Appears in 5 contracts

Samples: Employment Agreement (Us Industries Inc /De), Employment Agreement (Strategic Industries Inc /Nj/), Interim Employment Agreement (Us Industries Inc /De)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds (2/3) of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the Company without Cause.

Appears in 5 contracts

Samples: Employment Agreement (Priceline Com Inc), Employment Agreement (Priceline Com Inc), Employment Agreement (Priceline Com Inc)

Notice of Termination for Cause. A notice of termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for termination for Cause. Further, a notice of termination for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination for Cause shall be the date indicated in the notice of termination. Any purported termination for Cause which is held by a court or arbitrator not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company without Cause.

Appears in 4 contracts

Samples: Employment Agreement (Wilshire Real Estate Investment Trust Inc), Employment Agreement (Fog Cutter Capital Group Inc), Employment Agreement (Fog Cutter Capital Group Inc)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice Notice of termination Termination for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds (2/3) of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the Company without Cause.

Appears in 4 contracts

Samples: Employment Agreement (Priceline Group Inc.), Employment Agreement (Priceline Com Inc), Employment Agreement (Priceline Com Inc)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e8(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds (2/3) of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the Company without Cause.

Appears in 4 contracts

Samples: Employment Agreement (Priceline Com Inc), Employment Agreement (Priceline Com Inc), Employment Agreement (Priceline Com Inc)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds of the entire membership of the Board board of USI at a meeting of the Board board of USI which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Boardboard, finding that, in the good faith opinion of the Boardboard, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the Company USI without Cause.

Appears in 2 contracts

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

Notice of Termination for Cause. A notice of termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for termination for Cause. Further, a notice of termination for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds of the entire membership a majority of the Board at a meeting of the Board which was called for the purpose of considering such termination and at which Executive and his representative had the right to attend and address the Board, finding that, in the good good-faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause "Cause" herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination for Cause shall be the date indicated in the notice of terminationtermination but shall be no less than 15 days after the date such notice is given. Any purported termination for Cause which is held by a court or arbitrator not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company without Cause.

Appears in 2 contracts

Samples: Employment Agreement (Fog Cutter Capital Group Inc), Employment Agreement (Fog Cutter Capital Group Inc)

Notice of Termination for Cause. A notice of termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for termination for Cause. Further, a notice of termination for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds (2/3rds) of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and at which Executive and his representative representatives had the right to attend and address the Board, finding that, in the good good-faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause “Cause” herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination for Cause shall be the date indicated in the notice of termination. Any purported termination for Cause which is held by a court or arbitrator not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company without Cause.

Appears in 2 contracts

Samples: Employment Agreement (Fog Cutter Capital Group Inc), Employment Agreement (Fog Cutter Capital Group Inc)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e8(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds (2/3) of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court or arbitrator not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the Company without Cause.

Appears in 1 contract

Samples: Employment Agreement (Priceline Com Inc)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e9(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly duty adopted by at least two-thirds a majority of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company Termination without Cause.

Appears in 1 contract

Samples: Employment Agreement (Factory 2 U Stores Inc)

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Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e10(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds a majority of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company Termination without Cause.

Appears in 1 contract

Samples: Employment Agreement (Family Bargain Corp)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e9(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds (_) of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the Company without Cause.

Appears in 1 contract

Samples: Employment Agreement (Priceline Com Inc)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Restated Employment Agreement or not to have followed the procedures set forth in this Restated Employment Agreement shall be deemed a termination Termination by the Company USI without Cause.

Appears in 1 contract

Samples: Employment Agreement (Us Industries Inc /De)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e8(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion judgment of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company without Cause.

Appears in 1 contract

Samples: Employment Agreement (Ocwen Financial Corp)

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean means a notice that shall indicate indicating the specific termination provision in Section 7(e) relied upon and shall set setting forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice Notice of termination Termination for Cause shall will be required to include a copy of a resolution duly adopted by at least two-thirds a majority of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive you and his your representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive you engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall will be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall will be deemed a termination Termination by the Company without Cause.

Appears in 1 contract

Samples: Priceline Group Inc.

Notice of Termination for Cause. A notice Notice of termination Termination for ------------------------------- Cause shall mean a notice that shall indicate the specific termination provision in Section 7(e) relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for termination Termination for Cause. Further, a notice of termination Notification for Cause shall be required to include a copy of a resolution duly adopted by at least two-thirds of the entire membership of the Board at a meeting of the Board which was called for the purpose of considering such termination and which Executive and his representative had the right to attend and address the Board, finding that, in the good faith opinion of the Board, Executive engaged in conduct set forth in the definition of Cause herein and specifying the particulars thereof in reasonable detail. The date of termination for a termination Termination for Cause shall be the date indicated in the notice Notice of terminationTermination. Any purported termination Termination for Cause which is held by a court not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the The Company without Cause.

Appears in 1 contract

Samples: Employment Agreement (Lca Corp)

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