Common use of Breach or Neglect Clause in Contracts

Breach or Neglect. If Executive breaches any term or provision of this Agreement or habitually neglects the duties or obligations required of him under this Agreement, or for other good cause, the Company may at its option terminate this Agreement by giving written notice to Executive; provided, however, in the event the Company contends that Executive has breached or is not performing the services required by this Agreement or that it has good cause to terminate Executive’s employment pursuant to this Paragraph 4.1, the Company shall provide Executive with a written notice specifying in reasonable detail the breach or the services or matters which it contends Executive had not been adequately performing and why the Company has good cause to terminate this Agreement and what Executive should do to adequately perform his obligations hereunder. If Executive remedies such breach or performs the required services within thirty (30) days of receipt of the notice or modifies his performance to correct the matters complained of, Executive’s breach will be deemed cured and he shall not be terminated. If Executive does not remedy such breach or perform the required services or modify his performance to correct the matters complained of, the Company shall have the right to immediately terminate this Agreement at the end of said thirty (30) day period. Except the Company shall pay all back salary and release Guarantees. Per Section 4.8.

Appears in 1 contract

Samples: Executive Employment Agreement (GenuTec Business Solutions, Inc.)

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Breach or Neglect. If Executive breaches any term or provision of this Agreement or habitually neglects the duties or obligations required of him under this Agreement, or for other good cause, the Company may may, at its option sole option, terminate this Agreement by giving written notice to Executive; provided, however, that in the event the Company contends that Executive has breached or is not performing the services required by this Agreement or that it the Company has good cause to terminate Executive’s employment pursuant to this Paragraph 4.1, the Company shall provide Executive with a written notice specifying in reasonable detail the breach breach, or the services or matters which it the Company contends Executive had has not been adequately performing performed, and explaining why the Company has good cause to terminate this Agreement and what Executive should do to adequately perform his obligations hereunder. If Executive remedies such breach or performs the required services within thirty ten (3010) business days of receipt of the notice of breach or modifies his performance to correct the matters complained ofof (if such breach is capable of cure or if such matters can be corrected), Executive’s breach will be deemed cured and he shall not be terminated. If Executive does not remedy such breach or perform the required services or modify his performance to correct the matters complained of, the Company shall have the right to immediately terminate this Agreement at the end of said thirty ten (3010) business day period. Except If such breach is not capable of cure or such performance cannot be corrected, this Agreement shall be deemed terminated immediately upon written notice to the Company shall pay all back salary and release Guarantees. Per Section 4.8Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (GenuTec Business Solutions, Inc.)

Breach or Neglect. If Executive breaches any term or provision of this Agreement or habitually neglects the duties or obligations required of him under this Agreement, or for other good cause, the Company may at its option terminate this Agreement by giving written notice to Executive; provided, however, in the event the Company contends that Executive has breached or is not performing the services required by this Agreement or that it has good cause to terminate Executive’s employment pursuant to this Paragraph 4.1, the Company shall provide Executive with a written notice specifying in reasonable detail the breach or the services or matters which it contends Executive had not been adequately performing and why the Company has good cause to terminate this Agreement and what Executive should do to adequately perform his obligations hereunder. If Executive remedies such breach or performs the required services within thirty ten (3010) business days of receipt of the notice or modifies his performance to correct the matters complained ofof (if such breach is capable of cure or if such matters can be corrected), Executive’s breach will be deemed cured and he shall not be terminated. If Executive does not remedy such breach or perform the required services or modify his performance to correct the matters complained of, the Company shall have the right to immediately terminate this Agreement at the end of said thirty ten (3010) business day period. Except If such breach is not capable of cure or such performance cannot be corrected, then this Agreement shall be deemed terminated immediately upon written notice to the Company shall pay all back salary and release Guarantees. Per Section 4.8Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (GenuTec Business Solutions, Inc.)

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Breach or Neglect. If Executive breaches any term or provision of this Agreement or habitually neglects the duties or obligations required of him under this Agreement, or for other good cause, the Company may at its option terminate this Agreement by giving written notice to Executive; provided, however, in the event the Company contends that Executive has breached or is not performing the services required by this Agreement or that it has good cause to terminate Executive’s employment pursuant to this Paragraph 4.1, the Company shall provide Executive with a written notice specifying in reasonable detail the breach or the services or matters which it contends Executive had not been adequately performing and why the Company has good cause to terminate this Agreement and what Executive should do to adequately perform his obligations hereunder. If Executive remedies such breach or performs the required services within thirty ten (3010) business days of receipt of the notice or modifies his performance to correct the matters complained ofof (if such breach is capable of cure or if such matters can be corrected), Executive’s breach will be deemed cured and he shall not be terminated. If Executive does not remedy such breach or perform the required services or modify his performance to correct the matters complained of, the Company shall have the right to immediately terminate this Agreement at the end of said thirty ten (3010) business day period. Except If such, breach is not capable of cure or such performance cannot be corrected, then this Agreement shall be deemed terminated immediately upon written notice to the Company shall pay all back salary and release Guarantees. Per Section 4.8Executive.

Appears in 1 contract

Samples: Executive Employment Agreement (GenuTec Business Solutions, Inc.)

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