Common use of For Cause Termination Clause in Contracts

For Cause Termination. If Executive's employment with the Company is terminated by the Company for Cause, Executive shall not be entitled to any further compensation or benefits other than accrued but unpaid Base Salary, accrued and unused vacation pay through the date of such termination and any other compensation and benefits (other than severance benefits) to which she is entitled under the terms of any of the Company's employee benefit plans, policies, programs or arrangements (the "Accrued Benefits"). For purposes of this Agreement, "Cause" shall mean the following: (i) fraud or embezzlement with respect to the Company by Executive; (ii) material breach by Executive of this Agreement, including, but not limited to, a breach of the Licensing Requirements of Paragraph 5, after notice thereof is given in writing and such breach is not cured to the satisfaction of the Company within a reasonable period of time under the circumstances; (iii) material breach of any reasonable and lawful rule or directive of the Company; (iv) gross or willful neglect of duties or gross misconduct; (v) habitual use of drugs or habitual, excessive use of alcohol to the extent that any of such uses materially interferes with the performance of Executive's duties under this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Colony Rih Acquisitions Inc), Employment Agreement (Colony Rih Acquisitions Inc), Employment Agreement (Colony Rih Acquisitions Inc)

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For Cause Termination. If Executive's employment with the Company is terminated by the Company for Cause, Executive shall not be entitled to any further compensation or benefits other than accrued but unpaid Base Salary, accrued and unused vacation pay through the date of such termination and any other compensation and benefits (other than severance benefits) to which she Executive is entitled under the terms of any of the Company's employee benefit plans, policies, programs or arrangements (the "Accrued Benefits"). For purposes of this Agreement, "Cause" shall mean the following: (i) fraud or embezzlement with respect to the Company by Executive; (ii) material breach by Executive of this Agreement, including, but not limited to, a breach of the Licensing Requirements of Paragraph 5, after notice thereof is given in writing and such breach is not cured to the satisfaction of the Company within a reasonable period of time under the circumstances; (iii) material breach of any reasonable and lawful rule rule, policy, code of conduct or directive of the Company; (iv) gross or willful neglect of duties or gross misconduct; or (v) habitual use of drugs or habitual, excessive use of alcohol to the extent that any of such uses materially interferes with the performance of Executive's duties under this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Colony Resorts LVH Acquisitions LLC), Employment Agreement (Colony Resorts LVH Acquisitions LLC), Employment Agreement (Colony Resorts LVH Acquisitions LLC)

For Cause Termination. If Executive's ’s employment with the Company is terminated by the Company for Cause, Executive shall not be entitled to any further compensation or benefits other than accrued but unpaid Base Salary, accrued and unused vacation pay through the date of such termination and any other compensation and benefits (other than severance benefits) to which she Executive is entitled under the terms of any of the Company's ’s employee benefit plans, policies, programs or arrangements (the "Accrued Benefits"). For purposes of this Agreement, "Cause" shall mean the following: (i) fraud or embezzlement with respect to the Company by Executive; (ii) material breach by Executive of this Agreement, including, but not limited to, a breach of the Licensing Requirements licensing requirements of Paragraph 5, after notice thereof is given in writing and such breach is not cured to the satisfaction of the Company within a reasonable period of time under the circumstances; (iii) material breach of any reasonable and lawful rule rule, policy, code of conduct or directive of the Company; (iv) gross or willful neglect of duties or gross misconduct; or (v) habitual use of drugs or habitual, excessive use of alcohol to the extent that any of such uses materially interferes with the performance of Executive's ’s duties under this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Colony Resorts LVH Acquisitions LLC), Employment Agreement (Colony Resorts LVH Acquisitions LLC)

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For Cause Termination. If Executive's ’s employment with the Company is terminated by the Company for Cause, Executive shall not be entitled to any further compensation or benefits other than accrued but unpaid Base Salary, accrued and unused vacation pay through the date of such termination and any other compensation and benefits (other than severance benefits) to which she he is entitled under the terms of any of the Company's ’s employee benefit plans, policies, programs or arrangements (the "Accrued Benefits"). For purposes of this Agreement, "Cause" shall mean the following: (i) fraud or embezzlement with respect to the Company by Executive; (ii) material breach by Executive of this Agreement, including, but not limited to, a breach of the Licensing Requirements of Paragraph 5, after notice thereof is given in writing and such breach is not cured to the satisfaction of the Company within a reasonable period of time under the circumstances; (iii) material breach of any reasonable and lawful rule or directive of the Company; (iv) gross or willful neglect of duties or gross misconduct; (v) habitual use of drugs or habitual, excessive use of alcohol to the extent that any of such uses materially interferes with the performance of Executive's ’s duties under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Resorts International Hotel & Casino Inc)

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