Common use of Termination of Employment by Company Clause in Contracts

Termination of Employment by Company. (a) Notwithstanding anything here into the contrary, Company may terminate Executive's employment hereunder for cause at any time. Sufficient "cause" for termination of Executive's employment hereunder shall include, but is not limited to Executive's violation of any provision of this Agreement, Executive's conviction for any criminal violation other than minor traffic violations, or in the event Executive is guilty of misconduct or neglect or dereliction of his duties hereunder, or for any course which would entitle Company at law to terminate the employment of Executive. Upon said termination, Company shall be under no obligation to Executive, except to pay Executive's accrued salary and stock to the date of termination, plus one year of salary. Upon said termination, Company shall be under no further obligation to the Executive, except for the obligations set forth in Pxxxxxxxxx 0, 0 xxx 0 xxxxxx.

Termination of Employment by Company. (a) Notwithstanding anything here into the contrary, Company may terminate Executive's employment hereunder for cause at any time. Sufficient "cause" for termination of Executive's employment hereunder shall include, but is not limited to Executive's violation of any provision of this Agreement, Executive's conviction for any criminal violation other than minor traffic violations, or in the event Executive is guilty of misconduct or neglect or dereliction of his duties hereunder, or for any course which would entitle Company at law to terminate the employment of Executive. Upon said termination, Company shall be under no obligation to Executive, except to pay Executive's accrued salary and stock to the date of termination, plus one year of salary. Upon said termination, Company shall be under no further obligation to the Executive, except for the obligations set forth in Pxxxxxxxxx 0Paragraphs 3, 0 xxx 0 xxxxxx4 and hereof.

Termination of Employment by Company. (a) Notwithstanding anything here into the contrary, Company may terminate ExecutiveDirector's employment hereunder for cause at any time. Sufficient "cause" for termination of ExecutiveDirector's employment hereunder shall include, but is not limited to ExecutiveDirector's violation of any provision of this Agreement, ExecutiveDirector's conviction for any criminal violation other than minor traffic violations, or in the event Executive Director is guilty of misconduct or neglect or dereliction of his duties hereunder, or for any course which would entitle Company at law to terminate the employment of ExecutiveDirector. Upon said termination, Company shall be under no obligation to ExecutiveDirector, except to pay ExecutiveDirector's accrued salary and stock to the date of termination, plus one year of salary. Upon said termination, Company shall be under no further obligation to the ExecutiveDirector, except for the obligations set forth in Pxxxxxxxxx 0, 0 xxx 0 xxxxxx.