Examples of Cause for Termination in a sentence
The Board meeting shall be held not less than ten (10) and not more than twenty (20) business days after Executive receives the Notice of Cause for Termination.
Executive’s termination for Cause shall be effective when and if a resolution is duly adopted at the Board meeting by a two‑thirds vote of the entire membership of the Board, stating that in the good faith opinion of the Board, Executive conducted himself as described in the Notice of Cause for Termination, and that such conduct constitutes Cause under this Agreement.
Should the Board of Directors of the Corporation determine that Cause for Termination exists, the Board of Directors of the Corporation by resolution duly adopted may at that time or during a period of two months thereafter terminate the Executive's employment due to Cause for Termination by delivering a Notice of Termination.
If the Board of Directors of the Corporation fails to duly adopt within such two month period a resolution terminating the Executive's employment, then the Corporation shall be deemed to have waived its right to terminate the Executive due to those circumstances which constituted the Cause for Termination previously found to exist by the Board.
Notwithstanding the foregoing, the Executive will have 30 days after receiving the Notice of Termination to correct the act or acts constituting Cause for Termination, to provide to the Corporation a written response explaining why his/her actions do not constitute Cause for Termination, and/or to request a review of the Corporation’s decision.