Common use of By Company for Cause Clause in Contracts

By Company for Cause. This Agreement may be terminated by the Company immediately upon the occurrence of cause (as defined below) or at any time thereafter. For purposes of this Agreement, “cause” shall mean that at least one of the following behaviors by Employee has significantly increased the Company’s exposure to incurring material damages: dishonesty, conviction of a crime (other than minor traffic offenses), habitual drunkenness, the use of illegal drugs, embezzlement, material conflict of interest, material violation of Company policy, willful insubordination, or neglect of duty. If the Company terminates the Employee’s employment pursuant to this provision, he shall be entitled to receive only his base salary through the date of termination.

Appears in 5 contracts

Samples: Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc)

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By Company for Cause. This Agreement may be terminated by the Company immediately upon the occurrence of cause (as defined below) or at any time thereafter. For purposes of this Agreement, “cause” shall mean that at least one of the following behaviors by Employee Associate has significantly increased the Company’s exposure to incurring material damages: dishonesty, conviction of a crime (other than minor traffic offenses), habitual drunkenness, the use of illegal drugs, embezzlement, material conflict of interest, material violation of Company policy, willful insubordination, or neglect of duty. If the Company terminates the EmployeeAssociate’s employment pursuant to this provision, he shall be entitled to receive only his base salary through the date of termination.

Appears in 4 contracts

Samples: Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc)

By Company for Cause. This Agreement The Company may be terminated by Terminate the Company Employee immediately upon the occurrence of cause (as defined below) or at any time thereafter. For purposes of this Agreement, “cause” shall mean that at least one of the following behaviors by Employee has significantly increased the Company’s exposure to incurring material damagesoccurs: dishonesty, conviction of a crime (other than minor traffic offenses), habitual drunkenness, the use of illegal drugs, embezzlement, material conflict of interest, material violation of Company policy, willful insubordination, or neglect of duty. If the Company terminates Terminates the Employee’s employment Employee pursuant to this provision, he shall be entitled to receive only his base salary through the date of terminationTermination.

Appears in 2 contracts

Samples: Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc)

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By Company for Cause. This Agreement The Company may be terminated by Terminate the Company Employee immediately upon the occurrence of cause (as defined below) or at any time thereafter. For purposes of this Agreement, “cause” shall mean that at least one of the following behaviors by the Employee has significantly increased the Company’s exposure to incurring material damagesoccurs: dishonesty, conviction of a crime (other than minor traffic offenses), habitual drunkenness, the use of illegal drugs, embezzlement, material conflict of interest, material violation of Company policy, willful insubordination, or neglect of duty. If the Company terminates Terminates the Employee’s employment Employee pursuant to this provision, he shall be entitled to receive only his base salary through the date of terminationTermination.

Appears in 1 contract

Samples: Employment Agreement (Pinnacle Data Systems Inc)

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