Common use of Urgent cause Clause in Contracts

Urgent cause. Notwithstanding Clause 3.1 (Dismissal/resignation), this Agreement will end with immediate effect on the date on which (a) the general meeting of the Company dismisses the Managing Director as a managing director (statutair bestuurder) of the Company or (b) the Managing Director resigns as a managing director (statutair bestuurder) of the Company if this dismissal or resignation is for urgent cause. For the definition of ‘urgent cause’, reference is made by way of analogy to articles 7:678 and 7:679 BW.

Appears in 4 contracts

Samples: Management Agreement, Management Agreement, Management Agreement

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