Economic Cause definition
Economic Cause means the failure of Executive or the Company to meet reasonable performance targets applicable to them established by the Board of Directors from time to time.
Examples of Economic Cause in a sentence
In the event this Agreement is terminated by the Company on a Change of Control, for Economic Cause, or without Cause, any stock options held by the Executive shall immediately vest upon termination.
The Company shall have the right to terminate this Agreement and the Executive's employment at any time for Cause or Economic Cause.
The Company shall have the right to terminate this Agreement and the Executive’s employment at any time for Cause or Economic Cause.
The Company shall have the --------------------------------------- right to terminate this Agreement and the Executive's employment at any time for Cause or Economic Cause.