Cure Period definition
Examples of Cure Period in a sentence
In the event of a Termination for Cause as a result of the events set forth in Section 6(d)(v) or (vi) above, Executive shall have fifteen (15) days (the "Cure Period") from the date Executive receives a Notice of Termination to remedy and cure any alleged Cause supporting any termination pursuant to this Section 6(d)(v) or (vi).
If Executive fails to cure such alleged Cause within the Cure Period (during which time Company, at its sole discretion, may suspend Executive without compensation), Executive's employment hereunder and this Agreement shall then immediately terminate for Cause.
No Default or Event of Default shall be deemed to have occurred as a result of any Non-Permitted Excess Amount unless at the end of a Cure Period, any Non-Permitted Excess Amount still remains.