Examples of Notice of Termination for Cause in a sentence
If, within thirty (30) days after any Notice of Termination for Cause is given, Executive notifies the Bank that a dispute exists concerning the termination, the parties shall promptly proceed to arbitration, as provided in Section 20.
The failure to set forth any fact or circumstance in a Notice of Termination for Cause or a Notice of Termination for Good Reason shall not constitute a waiver of the right to assert, and shall not preclude the party giving notice from asserting, such fact or circumstance in an attempt to enforce any right under or provision of this Agreement.
If Contractor or its surety rectifies or cures the issue(s) to the satisfaction of the County within said ten (10) days (or other period designated in the Notice), the County may rescind its Notice of Termination for Cause.
In the event a Termination for Cause is warranted based upon the Contractor’s conduct set forth above, the County shall give the Contractor and its surety written Notice of Termination for Cause and allow the Contractor and/or its surety a period of ten (10) days (or such other period as may be designated in the Notice) to rectify or cure the basis for the Notice.
Prior to any Notice of Termination for Cause being given (and prior to any termination for Cause being effective), the Executive shall be entitled to a hearing before the Board of Directors of the Company at which he may, at his election, be represented by counsel and at which he shall have a reasonable opportunity to be heard.