BY EMPLOYEE FOR CAUSE Sample Clauses

BY EMPLOYEE FOR CAUSE. The Employee shall have the right to terminate his employment under this Agreement for cause immediately upon sending written notice to the Company in the event the Company fails, within thirty (30) days of written notice from the Employee, to cure any breach of its obligations under this Agreement.
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BY EMPLOYEE FOR CAUSE. This Agreement may be terminated by Employee at any time upon written notice to Employer after the occurrence of a Constructive Termination. As used in this Agreement, the term "Constructive Termination" means any of the following:
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BY EMPLOYEE FOR CAUSE. Upon the occurrence of any of the following: (i) the filing of a petition by or against any HIGH SPEED under any provisions of the United States Bankruptcy Code, the appointment of a receiver, trustee, custodian or liquidator of or for any part of the assets or property of HIGH SPEED; (ii) the default by HIGH SPEED of its obligations under this Agreement, the Share Acquisition Agreement, or any other contract or agreement between HIGH SPEED and Employee, which default has a material adverse effect on the Employee; (iii) any warranty or representation made by HIGH SPEED this Agreement, the Share Acquisition Agreement, or any other contract or agreement between HIGH SPEED and Employee, proves false when it was made; (iv) any sale or transfer of all or substantially all of the assets of HIGH SPEED, other than in the ordinary course of business; (v) the delisting, after the expiration of twelve (12) months from the date hereof, of the stock of HIGH SPEED from the OTC Bulletin Board, or any recognized Stock Exchange; (vi) a substantial and material change of Employee's position, duties and/or responsibilities with HIGH SPEED; and/or (vi) a substantial and material change, in the business of HIGH SPEED, to include, the loss of its license to use or market the technology licensed from Summus, Ltd, and the use or application of the technology, products or services of HIGH SPEED for any lewd, indecent, immoral, illegal or unethical application or purpose, Employee may, at his sole option, terminate his employment with HIGH SPEED immediately upon written notice. HIGH SPEED shall pay Employee his Salary and all accrued benefits provided herein for the remainder of the Employment Period.
Sample 1
BY EMPLOYEE FOR CAUSE. Employee shall have the right to terminate this Agreement upon 30 days' prior written notice to the Company if at any time during the Term of Employment (i) another person shall be appointed as President without Employee's consent or Employee shall be assigned duties materially inconsistent with and inferior to the duties of his position as described in Section 1.2 (a), (ii) the principal executive offices of the Company shall be transferred or attempted to be transferred from the geographical vicinity of Lafayette, Indiana without Employee's consent, or (iii) the Company shall materially breach or fail to comply with a material provision of the Agreement which, if curable, remains uncured for 30 days after notice thereof from Employee. (f)
Sample 1
BY EMPLOYEE FOR CAUSE. Employee shall have the right to terminate his employment under this agreement on written notice to Company and receive the salary compensation of two (2) months salary, if Company has: (a) failed to make any payments due to Employee under this Agreement and such failure has not been cured within thirty days after written notice of such failure from Employee to Company, or (b) otherwise materially breached this Agreement and such breach, if capable of cure, has not been cured within thirty days after written notice of such breach from Employee to Company.
Sample 1

Related to BY EMPLOYEE FOR CAUSE

  • By Employee for Good Reason Employee may terminate her employment at any time for Good Reason; provided that Employee notifies promptly Employer of any act or omission that she asserts to constitute Good Reason and Employer fails to take reasonable steps to cure such breach within 30 days. For purposes of this Agreement, "Good Reason" shall mean:

  • Termination by Employee for Cause In the event of a Change of Control (as defined below) of the Company that results in either a substantial reduction or change of title in the Employee’s job duties related to his position as CFO or CEO, ,or a decrease in or a failure to provide the compensation or vested benefits under this Agreement or the Company initiates a substantial reduction or change of title in the Employee’s job duties related to his position as CFO, Employee shall have the right to resign his employment and will be entitled to a lump sum severance payment equal to twelve (12) months of Employee’s then base salary payable within thirty (30) days after the date of termination In addition, Employee will be entitled to payment of all unused vacation days at his current daily rate and a lump sum equal to all deferred salaries and earned bonuses. In addition, all Employee’s then outstanding but unvested stock options shall vest one hundred percent (100%). Employee shall have 12 months from the date written notice is given to Employee about the announcement and closing of a transaction resulting in a Change in Control of the Company that would result in a substantial change in the Employee’s job duties or decrease his compensation or vested benefits under this Agreement to resign or this Section 4(c) shall not apply. In the event Employee resigns from the Company for any other reason, Employee will not be entitled to receive or accrue any further Company benefits or other remuneration under this Agreement, and Employee specifically agrees that he will not be entitled to receive any severance pay. For purposes of this Section 4, a Change in Control shall be deemed to have occurred if any of the following occur:

  • By Employer for Cause Employer may terminate Executive's employment under this Agreement for "Cause" (and Executive's employment will be deemed to have been terminated for "Cause") if, as of the date of termination, any of the following circumstances have occurred:

  • Termination by Employee for Good Reason Employee may terminate his employment hereunder for "Good Reason." As used herein, "Good Reason" shall mean the continuance of any of the following after ten (10) days' prior written notice by Employee to the Company, specifying the basis for such Employee's having Good Reason to terminate this Agreement:

  • Termination by Employer for Cause Employer may terminate Employee’s employment hereunder for “Cause” upon notice to Employee. “Cause” for this purpose shall mean any of the following:

  • Termination by Employee without Good Reason The Employee shall have the right at any time to terminate the Employee's employment with both Employers without Good Reason by giving the Employers written notice that the Employee is terminating his employment. Any such termination shall apply to the Employee's employment with both Employers and be effective ninety (90) days after the giving of such notice by the Employee.

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Termination by Employee with Good Reason Employee may terminate his employment with Good Reason by providing the Company thirty (30) days’ written notice setting forth with reasonable specificity the event that constitutes Good Reason, which written notice, to be effective, must be provided to the Company within sixty (60) days of the occurrence of such event. During such thirty (30) day notice period, the Company shall have a cure right (if curable), and if not cured within such period, Employee’s termination will be effective upon the date immediately following the expiration of the thirty (30) day notice period, and Employee shall be entitled to the same payments and benefits as provided in Section 8(d) above for a termination without Cause, it being agreed that Employee’s right to any such payments and benefits shall be subject to the same terms and conditions as described in Section 8(d) above. Following such termination of Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e), Employee shall have no further rights to any compensation or any other benefits under this Agreement.

  • Voluntary Termination by Employee Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

  • Termination by Employer Without Cause or by Executive for Good Reason If Employer terminates Executive’s employment without Cause, or if Executive terminates his employment for Good Reason, Employer shall pay Executive in a lump sum: (i) all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date; and (ii) an amount equal to one (1) times Executive’s highest Base Salary over the prior three (3) years. The amount described in 5.b.(i) herein shall be paid no later than forty-five (45) days after the day on which employment is terminated. The amount described in 5.b.(ii) herein shall be paid on the first day of the month following a period of six (6) months after the termination of employment, provided that the payment may be made sooner if either (i) the amount does not exceed the IRC Safe Harbor or (ii) at the Executive’s election, the amount described in Section 5.a.(ii) is reduced to fit within the IRC Safe Harbor. No payment will be made pursuant to Section 5.a.(ii) unless the Executive has signed a Release Agreement which has become irrevocable prior to the payment date.

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