Common use of Termination by the Company with Cause Clause in Contracts

Termination by the Company with Cause. The Company has the right, in its reasonable determination at any time during the Term, to terminate Executive’s employment with the Company for Cause (as defined below) by giving written notice to Executive as described in this Section 6(a). Prior to the effectiveness of termination for Cause under clause (i), (ii), (iii) or (iv) in the next-following paragraph, Executive shall be given thirty (30) calendar days’ prior written notice from the Company, specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned clauses, and an opportunity to cure in the event Executive disputes such allegations; provided, however, that the Company shall have no obligation to continue to employ Executive following such thirty (30) calendar day notice period unless Executive has cured the condition giving rise to the Cause. The Company’s termination of Executive’s employment for Cause under clause (v) or (vi) of the next-following paragraph shall be effective immediately upon the Company’s written notice to Executive. If the Company terminates Executive’s employment for Cause, the Company’s obligation to Executive shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid benefits to the effective date of termination, and any unpaid bonus earned in accordance with the then applicable bonus plan or program to the effective date of termination.

Appears in 8 contracts

Samples: Employment Agreement (Carbon Conversion Group, Inc.), Employment Agreement (Broadwind Energy, Inc.), Employment Agreement (Carbon Conversion Group, Inc.)

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Termination by the Company with Cause. The Company has the right, in its reasonable determination at any time during the Term, to terminate Executive’s employment with the Company for Cause (as defined below) by giving written notice to Executive as described in this Section 6(a). Prior to the effectiveness of termination for Cause under clause subclause (i), (ii), (iii) or (iv) in the next-following paragraphbelow, Executive shall be given thirty (30) calendar days’ prior written notice from the Company, specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned clausessubclauses, and an opportunity to cure in the event Executive disputes such allegations; provided, however, that the Company shall have no obligation to continue to employ Executive following such thirty (30) calendar day notice period unless Executive has cured the condition giving rise to the Cause. The Company’s termination of Executive’s employment for Cause under clause subclause (v) or (vi) of the next-following paragraph below shall be effective immediately upon the Company’s written notice to Executive. If the Company terminates Executive’s employment for Cause, the Company’s obligation to Executive shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid benefits to the effective date of termination, and any unpaid bonus earned in accordance with the then applicable bonus plan or program to the effective date of termination.

Appears in 7 contracts

Samples: Employment Agreement (Broadwind Energy, Inc.), Employment Agreement (Broadwind Energy, Inc.), Employment Agreement (Broadwind Energy, Inc.)

Termination by the Company with Cause. The Company has the right, in its reasonable determination at any time during the Term, to terminate Executive’s 's employment with the Company for Cause (as defined below) by giving written notice to Executive as described in this Section 6(a). Prior to the effectiveness of termination for Cause under clause (i), (ii), (iii) or (iv) in the next-following paragraph, Executive shall be given thirty (30) calendar days' prior written notice from the Company, specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned clauses, and an opportunity to cure in the event Executive disputes such allegations; provided, however, that the Company shall have no obligation to continue to employ Executive following such thirty (30) calendar day notice period unless Executive has cured the condition giving rise to the Cause. The Company’s 's termination of Executive’s 's employment for Cause under clause (v) or (vi) of the next-following paragraph shall be effective immediately upon the Company’s 's written notice to Executive. If the Company terminates Executive’s 's employment for Cause, the Company’s 's obligation to Executive shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid benefits to the effective date of termination, and any unpaid bonus earned in accordance with the then applicable bonus plan or program to the effective date of termination.

Appears in 7 contracts

Samples: Employment Agreement (Pura Naturals, Inc.), Employment Agreement (Pura Naturals, Inc.), Employment Agreement (Vican Resources, Inc.)

Termination by the Company with Cause. The Company has the right, in its reasonable determination at any time during the Term, to terminate the Executive’s employment with the Company for Cause (as defined below) by giving written notice to the Executive as described in this Section 6(a)6(b) below. Prior to the effectiveness of termination for Cause under clause subclause (i), (ii), (iii) or (iv) in below, the next-following paragraph, Executive shall be given thirty (30) calendar days’ prior written notice from the Company, specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned clausessubclauses, and an opportunity to cure in the event the Executive disputes such allegations; provided, however, that the Company shall have no obligation to continue to employ the Executive following such thirty (30) calendar day notice period unless Executive has cured the condition giving rise to Executive’s cure meets the CauseCompany’s reasonable satisfaction. The Company’s termination of the Executive’s employment for Cause under clause subclause (v) or (vi) of the next-following paragraph below shall be effective immediately upon the Company’s written notice to the Executive. If the Company terminates Executive’s employment for Cause, the Company’s obligation to the Executive shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid benefits to the effective date of termination, bonus and any unpaid bonus earned in accordance with the then applicable bonus plan or program to the effective date of terminationbenefits.

Appears in 3 contracts

Samples: Employment Agreement (Broadwind Energy, Inc.), Employment Agreement (Broadwind Energy, Inc.), Employment Agreement (Tower Tech Holdings Inc.)

Termination by the Company with Cause. The Company has the right, in its reasonable determination at any time during the Term, to terminate Executive’s employment with the Company for Cause (as defined below) by giving written notice to Executive as described in this Section 6(a). Prior to the effectiveness of termination for Cause under clause (i), (ii), (iii) or (iv) in the next-following paragraph, Executive shall be given thirty (30) calendar days’ prior written notice from the Company, specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned clauses, and an opportunity to cure in the event Executive disputes such allegations; provided, however, that the Company shall have no obligation to continue to employ Executive following such thirty (30) calendar day notice period unless Executive has cured the condition giving rise to the Cause. The Company’s termination of Executive’s employment for Cause under clause (v) or (vi) of the next-following paragraph shall be effective immediately upon the Company’s written notice to Executive. If the Company terminates Executive’s employment for Cause, the Company’s obligation to Executive shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid benefits to the effective date of termination, and any unpaid bonus earned in accordance with the then applicable bonus plan or program to the effective date of termination.. Executive:_____ Company: _____

Appears in 2 contracts

Samples: Employment Agreement (Windstream Technologies, Inc.), Employment Agreement (Windstream Technologies, Inc.)

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Termination by the Company with Cause. The Company has the right, in its reasonable determination at any time during the Term, to terminate the Executive’s employment with the Company for Cause (as defined below) by giving written notice to the Executive as described in this Section 6(a). Prior to the effectiveness of termination for Cause under clause subclause (i), (ii), (iii) or (iv) in below, the next-following paragraph, Executive shall be given thirty (30) calendar days’ prior written notice from the Company, specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned clausessubclauses, and an opportunity to cure in the event the Executive disputes such allegations; provided, however, that the Company shall have no obligation to continue to employ the Executive following such thirty (30) calendar day notice period unless Executive has cured the condition giving rise to Executive’s cure meets the CauseCompany’s reasonable satisfaction. The Company’s termination of the Executive’s employment for Cause under clause subclause (v) or (vi) of the next-following paragraph below shall be effective immediately upon the Company’s written notice to the Executive. If the Company terminates Executive’s employment for Cause, the Company’s obligation to the Executive shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid benefits to the effective date of termination, and any unpaid bonus earned in accordance with the then applicable bonus plan or program to the effective date of termination.

Appears in 1 contract

Samples: Employment Agreement (Broadwind Energy, Inc.)

Termination by the Company with Cause. The Company has the right, in its reasonable determination at any time during the TermTerm and any extension of this Agreement, to terminate the Executive’s employment with the Company for Cause (as defined below) by giving written notice to the Executive as described in this Section 6(a)6(b) below. Prior to the effectiveness of termination for Cause under clause subclause (i), (ii), (iii) or (iv) in below, the next-following paragraph, Executive shall be given thirty (30) calendar days’ prior written notice from the Company, specifically identifying the reasons which are alleged to constitute Cause for any termination pursuant to the aforementioned clausessubclauses, and an opportunity to cure in the event the Executive disputes such allegations; provided, however, that the Company shall have no obligation to continue to employ the Executive following such thirty (30) calendar day notice period unless Executive has cured the condition giving rise to Executive’s cure meets the CauseCompany’s reasonable satisfaction. The Company’s termination of the Executive’s employment for Cause under clause subclause (v) or (vi) of the next-following paragraph below shall be effective immediately upon the Company’s written notice to the Executive. If the Company terminates Executive’s employment for Cause, the Company’s obligation to the Executive shall be limited solely to the payment of unpaid Base Salary accrued up to the effective date of termination plus any accrued but unpaid benefits to the effective date of termination, bonus and any unpaid bonus earned in accordance with the then applicable bonus plan or program to the effective date of terminationbenefits.

Appears in 1 contract

Samples: Employment Agreement (Red Trail Energy, LLC)

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