Common use of By The Company For Clause in Contracts

By The Company For. “Cause”. The Company may terminate Executive’s employment for “Cause”. Not less than thirty days prior to the date of termination, Executive shall be notified in writing of the Company’s intention to terminate, the grounds for doing so and the date of the termination. The notice shall specify a date within thirty days of the notice on which Executive shall have an opportunity to address the Board as to the grounds for termination. The Company may relieve Executive of his duties between the date of the notice and the proposed date of termination, and such action shall not constitute “Good Reason” for Executive to terminate under Section 5.6. For purposes of this Agreement, “Cause” shall mean the Board’s reasonable determination that one or more of the following conditions exist:

By The Company For. “Cause”. The Company may terminate Executive’s Executive’s employment for “Cause”. Not less than thirty (30) days prior to the date of termination, Executive shall be notified in writing of the Company’s intention to terminate, the grounds for doing so and the date of the termination. The notice shall specify a date within thirty (30) days of the notice on which Executive shall have an opportunity to address the Board as to the grounds for termination. The Company may relieve Executive of his duties between the date of the notice and the proposed date of terminationtermination provided Executive’s compensation and benefits remain in force during that time, and such action shall not constitute “Good Reason” for Executive to terminate under Section 5.6. For purposes of this Agreement, “Cause” shall mean the Board’s reasonable determination that one or more of the following conditions exist: