By Company With Cause. The Company may terminate Executive’s employment at any time and without prior notice, written or otherwise, for Cause. As used in this Agreement, “Cause” shall mean any of the following conduct by Executive: (i) material breach of this Agreement, or of a Company policy or of a law, rule or regulation applicable to the Company or its operations; (ii) demonstrated and material neglect of duties, or failure or refusal to perform the material duties of his/her position, or the failure to follow the reasonable and lawful instructions of the Company; (iii) gross misconduct or dishonesty, self-dealing, fraud or similar conduct that the Company reasonably determines has caused, is causing or reasonably is likely to cause harm to the Company; or (iv) conviction of or plea of guilty or nolo contendere to any crime other than a traffic offense that is not punishable by a sentence of incarceration. Termination pursuant to Section 5(b)(ii) shall be effective only if such failure continues after Executive has been given written notice thereof and fifteen (15) business days thereafter in which to present his/her position to the Company or to cure the same, unless the Company reasonably determines that the reason(s) for termination are not capable of being cured. In the event of termination for Cause, Executive will be entitled only to the Accrued Benefits through the termination date, which will be the date on which the notice is given. The Company will have no further obligation to pay any compensation of any kind (including without limitation any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the year in which such termination date occurs), or severance payment of any kind nor to make any payment in lieu of notice.
By Company With Cause. In the event of termination of Employee’s employment Section 6(c) Employee shall be entitled to receive the Base Salary and benefits set forth in Section 3 accrued through the date of termination, and he shall not be entitled to any other benefits (except as required by law).
By Company With Cause. Company may terminate with Cause (as defined in Section 4(E)(3)(i)) Executive’s employment hereunder at any time. In order to terminate Executive’s employment hereunder with Cause, Company must give Notice of Termination to Executive specifying the Cause and the Date of Termination, which may be the same date as the date of the Notice of Termination. Upon termination with Cause, Company shall pay to Executive all Accrued Benefits. All other rights and benefits of Executive hereunder shall terminate upon such termination, except for any right to the continuation of benefits otherwise provided by law.
By Company With Cause. This Agreement may be terminated by Company at any time upon written notice for any of the following reasons:
By Company With Cause. The Company may terminate this Agreement and Employee's employment upon written notice to Employee for "Cause," which shall be: (1) Employee's willful failure in the performance or nonperformance of any of Employee's duties and responsibilities hereunder; (2) Employee's dishonesty or fraud with respect to the business, reputation or affairs of the Company; (3) Employee's conviction of a felony crime involving moral turpitude; or (4) Employee's willful failure to abide by any substantial lawful policy or directive of the Company. Employee's absence during a required or permitted leave of absence shall not constitute Cause. The Company recognizes that the audit committee of the board of directors of the Company has investigated certain matters that are substantially similar to ongoing litigation in Delaware initiated by affiliates of James Dondero. Based on this investigation, the Company hereby agreex xxxx xx xxxngdoing has occurred with respect to the allegations in such lawsuits, and in no event shall such allegations give rise to a termination of the Employee for "Cause." Prior to termination of Employee for "Cause" pursuant to clauses (1) or (4) above, Company shall, to the extent reasonably practicable, grant Employee five (5) business days' written notice to cure any defect giving rise to such "Cause". In the event of a termination for Cause, Employee shall have no right to receive any Severance Payment, as defined below;
By Company With Cause. Company may terminate the Employment Agreement effective immediately for Cause if Company can provide written documentation/proof of (a) personal dishonesty, (b) incompetence, (c) willful misconduct, (d) breach of fiduciary duty involving personal profit, (e) intentional failure to perform stated duties, or (f) willful violation of any law, rule, or regulation; provided, however, prior to termination Cause pursuant to (b) or (e), the Company must have provided Executive with written notice of such issue and 30 days to cure, and in all aspects, such action by Executive must have a material, negative affect on Company prior to being considered Cause.
By Company With Cause. The Company may terminate Executive’s employment for Cause at any time and without prior notice, written or otherwise, effective immediately upon notice. As used in this Agreement, “Cause” shall mean the determination, in good faith, by the Board, after notice to Executive, that one or more of the following events has occurred:
By Company With Cause. In the event of termination of Consultant’s employment Section 6(c) Consultant shall be entitled to receive the Base Salary and benefits set forth in Section 3 accrued through the date of termination, and he shall not be entitled to any other benefits (except as required by law).
By Company With Cause. In the event the Company terminates the Employee’s employment for Cause, the Employee shall be entitled to receive any Accrued Compensation and Benefits, and he shall not be entitled to any other benefits (except as required by law).
By Company With Cause. This Agreement may be terminated immediately by the Company upon written notice for cause. Cause under this Section 7(b) is defined as Consultant breaching any clause of this Agreement or failure to perform Consultant’s obligations under this Agreement.
