Common use of By Employer for Cause Clause in Contracts

By Employer for Cause. The Employee's employment may be terminated effective immediately by Employer for "cause" by notice of termination to the Employee. "Cause" for such termination shall be limited to convictions of a felony, malfeasance in office or a material breach by the Employee of the covenants contained in this Agreement (as determined by a majority vote of the Employers Board of Directors), which breach continues for 30 days following receipt of written notice given by Employer's Board of Directors specifying the breach and requesting that the Employee correct the same.

By Employer for Cause. The Employee's employment may be terminated effective immediately by Employer for "cause" by notice of termination to the Employee. "Cause" for such termination shall be limited to convictions of a felony, malfeasance in office or a material breach by the Employee of the covenants contained in this Agreement (as determined by a majority vote of the Employers Board of Directors)Agreement, which breach continues for 30 days following receipt of written notice given by Employer's Board of Directors specifying the breach and requesting that the Employee correct the same.