Common use of Termination by Us Clause in Contracts

Termination by Us. We may terminate your employment hereunder at any time (A), subject to Section 6(b), for Cause or (B) for any reason other than Cause. “Cause” means (i) your continued failure to substantially perform your obligations and duties, as determined in good faith by the Board, and which is not remedied within 30 days after your receipt of written notice thereof; (ii) commission of an act of fraud, embezzlement, misappropriation, willful misconduct or breach of fiduciary duty against the Company or other conduct materially harmful or potentially materially harmful to the Company’s best interest, as determined in good faith by the Board; (iii) material breach of Section 7 or 8 which is not cured within 30 days after your receipt of notice thereof, if such breach is capable of being cured; (iv) conviction, plea of no contest or nolo contendere, deferred adjudication or unadjudicated probation for any felony or any crime involving moral turpitude; (v) failure to carry out, or comply with, in any material respect, any lawful directive of the Board consistent with the terms of this Agreement, which is not remedied within 30 days after receipt of written notice thereof; or (vi) unlawful use (including being under the influence) or possession of illegal drugs.

Termination by Us. We may terminate your employment hereunder at any time (A), subject to Section 6(b), for Cause or (B) for any reason other than Cause. “"Cause” " means (i) your continued failure to substantially perform your obligations and duties, as determined in good faith by the Board, and which is not remedied within 30 days after your receipt of written notice thereof; (ii) commission of an act of fraud, embezzlement, misappropriation, willful misconduct or breach of fiduciary duty against the Company or other conduct materially harmful or potentially materially harmful to the Company’s 's best interest, as determined in good faith by the Board; (iii) material breach of Section 7 or 8 which is not cured within 30 days after your receipt of notice thereof, if such breach is capable of being cured; (iv) conviction, plea of no contest or nolo contendere, deferred adjudication or unadjudicated probation for any felony or any crime involving moral turpitude; (v) failure to carry out, or comply with, in any material respect, any lawful directive of the Board consistent with the terms of this Agreement, which is not remedied within 30 days after receipt of written notice thereof; or (vi) unlawful use (including being under the influence) or possession of illegal drugs.

Termination by Us. We Subject to Section 6(b), we may terminate your employment hereunder at any time (A), subject to Section 6(b), either for Cause or (B) for any reason other than Cause. “"Cause” " means (i) your continued failure to substantially perform your obligations and duties, as determined in good faith by the Board, and which is not remedied within 30 days after your receipt of written notice thereof; (ii) commission of an act of fraud, embezzlement, misappropriation, willful misconduct or breach of fiduciary duty against the Company or other conduct materially harmful or potentially materially harmful to the Company’s 's best interest, as determined in good faith by the Board; (iii) material breach of Section 7 or 8 which is not cured within 30 days after your receipt of notice thereof, if such breach is capable of being cured; (iv) conviction, plea of no contest or nolo contendere, deferred adjudication or unadjudicated probation for any felony or any crime involving moral turpitude; (v) failure to carry out, or comply with, in any material respect, any lawful directive of the Board consistent with the terms of this Agreement, which is not remedied within 30 days after receipt of written notice thereof; or (vi) unlawful use (including being under the influence) or possession of illegal drugs.