Common use of Termination for Cause by Company Clause in Contracts

Termination for Cause by Company. Although Company anticipates a mutually rewarding employment relationship with Executive, Company may terminate Executive’s employment immediately at any time for Cause. For purposes of this Agreement, “Cause” is defined as: (a) Executive’s theft, dishonesty, or falsification of any Company documents or records; (b) Executive’s improper use or disclosure of Company’s confidential or proprietary information; (c) any action by Executive which has a detrimental effect on the Company’s reputation or business; (d) Executive’s failure to perform any reasonable assigned duties after written notice from Company of, and a reasonable opportunity to cure, such failure; (e) any material breach by Executive of this Agreement, which breach is not cured after written notice from Company of, and a reasonable opportunity to cure such breach; or (f) Executive’s conviction (including any plea of guilty or nolo contendere) of any criminal act which impairs Executive’s ability to perform Executive’s duties with Company. In the event Executive’s employment is terminated in accordance with this subsection 7.1, Executive shall be entitled to receive only the Base Salary then in effect, prorated to the date of termination. All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished. Executive will not be entitled to receive the Severance Packages described in subsections 7.2(a) and 7.4(a) below.

Termination for Cause by Company. Although Company anticipates a mutually rewarding employment relationship with Executive, Company may terminate Executive’s 's employment immediately at any time for Cause. For purposes of this Agreement, “"Cause” " is defined as: (a) Executive’s 's theft, dishonesty, or falsification of any Company documents or records; (b) Executive’s 's improper use or disclosure of Company’s 's confidential or proprietary information; (c) any action by Executive which has a detrimental effect on the Company’s 's reputation or business; (d) Executive’s 's failure to perform any reasonable assigned duties after written notice from Company of, and a reasonable opportunity to cure, such failure; (e) any material breach by Executive of this Agreement, which breach is not cured after written notice from Company of, and a reasonable opportunity to cure such breach; or (f) Executive’s 's conviction (including any plea of guilty or nolo contendere) of any criminal act which impairs Executive’s 's ability to perform Executive’s 's duties with Company. In the event Executive’s 's employment is terminated in accordance with this subsection 7.1, Executive shall be entitled to receive only the Base Salary then in effect, prorated to the date of termination. All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished. Executive will not be entitled to receive the Severance Packages described in subsections 7.2(a) and 7.4(a) below.

Termination for Cause by Company. Although Company anticipates a mutually rewarding employment relationship with Executive, Company may terminate Executive’s 's employment immediately at any time for Cause. For purposes of this Agreement, “Cause” is defined as: (a) Executive’s 's theft, dishonesty, or falsification of any Company documents or records; (b) Executive’s 's improper use or disclosure of Company’s 's confidential or proprietary information; (c) any action by Executive which has a detrimental effect on the Company’s 's reputation or business; (d) Executive’s 's failure to perform any reasonable assigned duties after written notice from Company of, and a reasonable opportunity to cure, such failure; (e) any material breach by Executive of this Agreement, which breach is not cured after written notice from Company of, and a reasonable opportunity to cure such breach; or (f) Executive’s 's conviction (including any plea of guilty or nolo contendere) of any criminal act which impairs Executive’s 's ability to perform Executive’s 's duties with Company. In the event Executive’s 's employment is terminated in accordance with this subsection 7.1, Executive shall be entitled to receive only the Base Salary then in effect, prorated to the date of termination. All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished. Executive will not be entitled to receive the Severance Packages described in subsections 7.2(a) and 7.4(a) below.