Common use of Termination of Employment With Cause Clause in Contracts

Termination of Employment With Cause. In addition to any other ------------------------------------ remedies available to the Company at law, in equity or as set forth in this Agreement, the Company shall have the right, upon written notice to Executive, to immediately terminate his employment hereunder without any further liability or obligation to him in respect of his employment (other than its obligation to pay Base Salary accrued but unpaid as of the date of termination) if Executive: (a) breaches any material provision of this Agreement and, if such breach is curable, in the sole judgment of the Company, such breach is not cured within ten (10) days after written notice thereof from the Company; or (b) has committed an act of gross misconduct in connection with the performance of his duties hereunder, as determined in good faith by the Board of Directors; or (c) demonstrates habitual negligence in the performance of his duties, as determined by the Board of Directors; or (d) is convicted of or pleads nolo contendere to ---- ---------- any misdemeanor involving moral turpitude or to any felony; or (e) has committed any act of fraud, misappropriation of funds or embezzlement in connection with his employment hereunder (a "Termination With Cause").

Appears in 5 contracts

Samples: Employment Agreement (Four Media Co), Employment Agreement (Four Media Co), Employment Agreement (Four Media Co)

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Termination of Employment With Cause. In addition to any other ------------------------------------ remedies available to the Company at law, in equity or as set forth in this Agreement, the Company shall have the right, upon written notice to Executive, to immediately terminate his employment hereunder without any further liability or obligation to him in respect of his employment (other than its obligation to pay Base Salary accrued but unpaid as of the date of terminationtermination and to reimburse expenses incurred through such date pursuant to Section 3.3) if Executive: (a) breaches any material provision of this Agreement and, if such breach is curable, in the sole judgment of the Company, such breach is not cured within ten (10) days after written notice thereof from the Company; or (b) has committed an act of gross misconduct in connection with the performance of his duties hereunder, as determined in good faith by the Board of Directors; or (c) demonstrates habitual negligence in the performance of his duties, as determined by the Board of Directors; or (d) is convicted of or pleads nolo contendere to ---- ---------- any misdemeanor involving moral turpitude or to any felony; or (e) has committed any act of fraud, misappropriation of funds or embezzlement in connection with his employment hereunder (a "Termination With Cause").

Appears in 2 contracts

Samples: Employment Agreement (Four Media Co), Employment Agreement (Four Media Co)

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Termination of Employment With Cause. In addition to any other ------------------------------------ remedies available to the Company at law, in equity or as set forth in this Agreement, the Company shall have the right, upon written notice to Executive, to immediately terminate his employment hereunder without any further liability or obligation to him in respect of his employment (other than its obligation to pay Base Salary Salary, accrued vacation and expenses accrued but unpaid as of the date of termination) if Executive: (a) breaches any material provision of this Agreement and, if such breach is curable, in the sole judgment of the Company, such breach is not cured within ten (10) days after written notice thereof from the Company; or (b) has committed an act of gross misconduct in connection with the performance of his duties hereunder, as determined in good faith by the Board of Directors; or (c) demonstrates habitual negligence or incompetence in the performance of his duties, as determined by the Board of Directors; or (d) is convicted of or pleads nolo contendere to ---- ---------- any misdemeanor involving moral turpitude or to any felony; or (e) has committed any material act of fraud, misappropriation of funds or embezzlement in connection with his employment hereunder (a "Termination With Cause").

Appears in 1 contract

Samples: Employment Agreement (Four Media Co)

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