Common use of Breach of Responsibility Clause in Contracts

Breach of Responsibility. In the event of gross neglect by Morris of his duties hereunder, xxxxiction of Morris of any felony, or of anx xxxxer crime or offense involving the property of the Company or any of its subsidiaries or affiliates, willful misconduct by Morris in connection with the xxxxxxmances of his duties hereunder or any other conduct on the part of Morris, which would make his cxxxxxxed employment by the Company prejudicial to the best interests of the Company, the Company may at any time by written notice with a period of five (5) business days to cure such breach, terminate the term of Morris's employment hereunder, xxxx xx requirement of any further compensation under any of the provisions of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Odyssey Marine Exploration Inc), Employment Agreement (Odyssey Marine Exploration Inc), Employment Agreement (Odyssey Marine Exploration Inc)

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Breach of Responsibility. In the event of gross neglect by Morris of his duties hereunderhereundex, xxxxiction xxxviction of Morris of any felony, or of anx xxxxer axx xxxser crime or offense involving the property of the Company or any of its subsidiaries or affiliates, willful misconduct by Morris in connection with the xxxxxxmances xxxxxrmances of his duties hereunder or any other conduct on the part of Morris, which would make his cxxxxxxed xxxxxxued employment by the Company prejudicial to the best interests of the Company, the Company may at any time by written notice with a period of five (5) business days to cure such breach, terminate the term of Morris's employment hereunder, xxxx xx xo requirement of any further compensation under any of the provisions of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Odyssey Marine Exploration Inc)

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Breach of Responsibility. In the event of gross neglect by Morris of his duties hereunderhereundxx, xxxxiction xxnviction of Morris of any felony, or of anx xxxxer xxx xxsser crime or offense involving the property of the Company or any of its subsidiaries or affiliates, willful misconduct by Morris in connection with the xxxxxxmances thx xxxxormances of his duties hereunder or any other conduct on the part of Morris, which would make his cxxxxxxed xxxxxnued employment by the Company prejudicial to the best interests of the Company, the Company may at any time by written notice with a period of five (5) business days to cure such breach, terminate the term of Morris's employment hereunderhereundex, xxxx xx no requirement of any further compensation under any of the provisions of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Odyssey Marine Exploration Inc)

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