Common use of Termination for Clause in Contracts

Termination for. Cause" shall refer to the Company's termination of the Executive's service with the Company at any time because the Executive has: (A) refused or failed to devote his full normal working time, skills, knowledge, and abilities to the business of the Company, its subsidiaries and affiliates, and in promotion of their respective interests pursuant to Section 1 hereof; or (B) engaged in (1) activities involving his personal profit as a result of his dishonesty, incompetence, willful misconduct, willful violation of any law, rule or regulation or breach of fiduciary duty, or (2) dishonest activities involving the Executive's relations with the Company, its subsidiaries and affiliates or any of their respective employees, customers or suppliers; or (C) committed larceny, embezzlement, conversion or any other act involving 1l1e misappropriation of Company or customer funds in the course of his employment; or (D) been convicted of any crime which reasonably could affect in an adverse manner the reputation of the Company or the Executive's ability to perform the duties required hereunder; or (E) committed an act involving gross negligence on the part of the Executive in the conduct of his duties hereunder; or (F) evidenced a drug addiction or dependency; or (G) materially breached this Agreement; provided, however, that, in the case of any termination pursuant to clauses (A), (E), (F), or (G) above, the Company shall give the Executive thirty (30) business days' written notice thereof during which period the Employee, at the discretion of the Company, may be placed on administrative leave, and the Company shall give the Executive an opportunity to cure within such thirty-day period, and a reasonable opportunity to be heard by the Compensation Committee of the Board to show just cause for his actions, and to have the Compensation Committee of the Board, in its discretion, reverse or rescind the prior action of the Company under the clause(s).

Termination for. Cause" shall refer to the Company's termination of the Executive's service with the Company at any time because the Executive has: (A) refused or failed to devote his full normal working time, skills, knowledge, and abilities to the business of the Company, its subsidiaries and affiliates, and in promotion of their respective interests pursuant to Section 1 hereof; or (B) engaged in (1) activities involving his personal profit as a result of his dishonesty, incompetence, willful misconduct, willful violation of any law, rule or regulation or breach of fiduciary duty, or (2) dishonest activities involving the Executive's relations with the Company, its subsidiaries and affiliates or any of their respective employees, customers or suppliers; or (C) committed larceny, embezzlement, conversion or any other act involving 1l1e the misappropriation of Company or customer funds in the course of his employment; or (D) been convicted of any crime which reasonably could affect in an adverse manner the reputation of the Company or the Executive's ability to perform the duties required hereunder; or (E) committed an act involving gross negligence on the part of the Executive in the conduct of his duties hereunder; or (F) evidenced a drug addiction or dependency; or (G) materially breached this Agreement; provided, however, that, in the case of any termination pursuant to clauses (A), (E), (F), or (G) above, the Company shall give the Executive thirty (30) business days' written notice thereof during which period the Employee, at the discretion of the Company, may be placed on administrative leave, and the Company shall give the Executive an opportunity to cure within such thirty-day period, and a reasonable opportunity to be heard by the Compensation Committee of the Board to show just cause for his actions, and to have the Compensation Committee of the Board, in its discretion, reverse or rescind the prior action of the Company under the clause(s).

Termination for. Cause" shall refer to the Company's termination of the Executive's service with the Company at any time because the Executive has: (A) refused or failed to devote his full normal working time, skills, knowledge, and abilities to the business of the Company, its subsidiaries and affiliates, and in promotion of their respective interests pursuant to Section 1 hereof; or (B) engaged in (1) activities involving his personal profit as a result of his dishonesty, incompetence, willful misconduct, willful violation of any law, rule or regulation or breach of fiduciary duty, or (2) dishonest activities involving the Executive's relations with the Company, its subsidiaries and affiliates or any of their respective employees, customers or suppliers; or (C) committed larceny, embezzlement, conversion or any other act involving 1l1e the misappropriation of Company or customer funds in the course of his employment; or (D) been convicted of any crime which reasonably could affect in an adverse manner the reputation of the Company or the Executive's ability to perform the duties required hereunder; or (E) committed an act involving gross negligence on the part of the Executive in the conduct of his duties hereunder; or (F) evidenced a drug addiction or dependency; or (G) materially breached this Agreement; provided, however, that, in the case of any termination pursuant to clauses (A), (E), (F), or (G) above, the Company shall give the Executive thirty (30) business days' written notice thereof during which period the Employeethereof, at the discretion of the Company, may be placed on administrative leave, and the Company shall give the Executive an opportunity to cure within such thirty-day period, and a reasonable opportunity to be heard by the Compensation Committee of the Board to show just cause for his actions, and to have the Compensation Committee of the Board, in its discretion, reverse or rescind the prior action of the Company under the clause(s).

Termination for. Cause" shall refer to the Company's termination of the Executive's service with the Company at any time because the Executive has: (A) refused or failed to devote his full normal working time, skills, knowledge, and abilities to the business of the Company, its subsidiaries and affiliates, and in promotion of their respective interests pursuant to Section 1 hereof; or (B) engaged in (1) activities involving his personal profit as a result of his dishonesty, incompetence, willful misconduct, willful violation of any law, rule or regulation or breach of fiduciary duty, or (2) dishonest activities involving the Executive's relations with the Company, its subsidiaries and affiliates or any of their respective employees, customers or suppliers; or (C) committed larceny, embezzlement, conversion or any other act involving 1l1e the misappropriation of Company or customer funds in the course of his employment; or (D) been convicted of any crime which reasonably could affect in an adverse manner the reputation of the Company or the Executive's ability to perform the duties required hereunder; or (E) committed an act involving gross negligence on the part of the Executive in the conduct of his duties hereunder; or (F) evidenced a drug addiction or dependency; or (G) materially breached this Agreement; provided, however, that, in the case of any termination pursuant to clauses (A), (E), (F), or (G) above, the Company shall give the Executive thirty (30) business days' written notice thereof during which period the Employeethereof, at the discretion of the Company, may be placed on administrative leave, and the Company shall give the Executive an opportunity to cure within such thirty-day period, and a reasonable opportunity to be heard by the Compensation Committee of the Board to show just cause for his actions, and to have the Compensation Committee of the Board, in its discretion, reverse or rescind the prior action of the Company under the clause(s).

Termination for. Cause" shall refer to the Company's termination of the Executive's service with the Company at any time because the Executive has: (A) refused or failed to devote his full normal working time, skills, knowledge, and abilities to the business of the Company, its subsidiaries and affiliates, and in promotion of their respective interests pursuant to Section 1 hereof; or (B) engaged in (1) activities involving his personal profit as a result of his dishonesty, incompetence, willful misconduct, willful violation of any law, rule or regulation or breach of fiduciary duty, or (2) dishonest activities involving the Executive's relations with the Company, its subsidiaries and affiliates or any of their respective employees, customers or suppliers; or (C) committed larceny, embezzlement, conversion or any other act involving 1l1e the misappropriation of Company or customer funds in the course of his employment; or (D) been convicted of any crime which reasonably could affect in an adverse manner the reputation of the Company or the Executive's ability to perform the duties required hereunder; or (E) committed an act involving gross negligence on the part of the Executive in the conduct of his duties hereunder; or (F) evidenced a drug addiction or dependency; or (G) materially breached this Agreement; provided, however, that, in the case of any termination pursuant to clauses (A), (E), (F), or (G) above, the Company shall give the Executive thirty (30) business days' written notice thereof during which period the Employee, at the discretion of the Company, may be placed on administrative leave, and the Company shall give the Executive an opportunity to cure within such thirty-day period, and a reasonable opportunity to be heard by the Compensation Committee of the Board to show just cause for his actions, and to have the Compensation Committee of the Board, in its discretion, reverse or rescind the prior action of the Company under the clause(s).