Common use of Termination of Employment by Employer for Cause Clause in Contracts

Termination of Employment by Employer for Cause. Employer may terminate the employment of Employee at any time for Cause. Employer shall have "Cause" to terminate Employee's employment for Employee's personal dishonesty, gross negligence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, or willful violation of any law, rule, regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Upon termination for Cause, all rights of Employee under this Agreement shall cease as of the Termination Date.