By Executive for Cause. Executive may resign from his employment with Company for "cause." For purposes of this Section 5.2, "cause" shall mean (i) the removal of Executive as President of Company , (ii) any material diminution or modification of Executive's normal duties, responsibilities and authority under this Agreement, (iii) any change in Executive's direct reporting relationship to the Board of Directors, (iv) any material breach of this agreement by Company, (v) the dissolution, or bankruptcy of the Company, (vi) any person, entity or group of affiliated persons and entities having more than 50% of the outstanding voting securities of the Company which sells, transfers, disposes or otherwise relinquishes their interest in the Company. If Executive wishes to resign after a change of control he must exercise such right within 10 days after written notification of such change of control. If Executive resigns for "cause" under this Section 5.2, Executive shall receive all salary, benefits, health and dental insurance, bonuses, and stock options for a period of 12 months, but will not accrue additional Paid Time Off, vacation or other sick pay benefits, if Executive signs the Severance Agreement attached as exhibit A, within sixty (60) days of his separation date.
By Executive for Cause. This contract may be voided for cause by Executive. For purposes of this Section, “Cause” is hereby defined as: failure of Company to pay Executive his salary and other benefits when due; Bankruptcy or placement of Company in receivership; failure of the Company to implement the business plan approved by its Board of Directors for a period of 24 months.
By Executive for Cause. (a) Notwithstanding any other provision in the Amended Agreement, Executive may terminate his employment with Company "for cause." For purposes of this Section 5.2, "
By Executive for Cause. This Agreement may be terminated at the election of the Executive for “Cause” immediately upon written notice by the Executive to the Corporation. In the event Executive chooses to terminate this Agreement pursuant to this Section 4(c), the Corporation shall provide Executive with a severance benefit in an amount equal to Executive’s then current annual Base Salary to be paid in substantially equal installments not less frequently than monthly over a period of 12 months or, if less, the period during which Executive is not in breach of the provisions of Sections 6, 7 or 8. Additionally, all listed benefits in this Agreement, excluding bonuses, will also be provided by the Corporation to Executive for such period. The Corporation shall also pay Executive all compensation accrued to Executive as of the date of termination of employment.
By Executive for Cause. Executive will have the right to terminate ---------------------- Executive's employment under this Agreement on written notice to Company if Company has: (a) failed to make any payments due to Executive under this Agreement and such failure has not been cured within [10 days] after Executive has delivered written notice of such failure from Executive to Company, or (b) otherwise materially breached this Agreement and such breach has not been cured within [30 days] after Executive has delivered written notice of such breach to Company.
By Executive for Cause. As used herein, "Substantial Breach" shall mean the Company's material breach of this Agreement, including but not limited to, without Executive's consent, the assignment to Executive of positions or duties materially inconsistent with the provisions of this Agreement, a material diminution of Executive's position, authority, responsibilities or benefits to which he is then entitled hereunder, any reduction of the compensation provided for in Section 2.1 and 2.2 hereof, the relocation of corporate headquarters further than a fifty mile radius from the present headquarters, or the Company's common stock no longer being publicly traded under The Nasdaq Stock Market or a national stock exchange. In the event of a Substantial Breach by the Company, Executive may send a written notice to the Company notifying the Company of the breach within one hundred twenty (120) days of such breach. If such breach is not corrected within thirty (30) days after receipt of such notice, then Executive may, in his sole discretion, elect to terminate the Employment Term by giving written notice of such election to the Company, and upon receipt by the Company of such an election, the Employment Term shall terminate. Upon such termination, Executive shall have no further duties hereunder (except as set forth in Section 7 hereof) and the obligations, duties and liabilities of the Company to Executive shall solely be as set forth in section 5.6.3 hereof.
By Executive for Cause. Executive may resign from his employment with Company and terminate this Agreement for "cause." For purposes of this Section 5.2, "cause" shall mean (i) the removal of Executive as Chief Accounting Officer (ii) any material diminution or modification of Executive's normal duties, responsibilities and authority under this Agreement, (iii) any change in Executive's direct reporting relationship to the Company's Chief Financial Officer, (iv) any material breach of this Agreement by Company, (v) the dissolution or bankruptcy of the Company, or (vi) a "change of control," which shall mean any person, entity, or group of affiliated persons and entities individually or collectively owning more than fifty percent (50%) of the outstanding voting securities of the Company selling, transferring, disposing, or otherwise relinquishing their interest in the Company. If Executive wishes to resign and terminate this Agreement for "cause" as a result of any of the above changes, he must exercise such right within ten (10) calendar days of his receipt of written notification of such change. If Executive resigns and terminates this Agreement for "cause" under this Section 5.2, Executive shall receive all salary, benefits, health and dental insurance, bonuses, and stock options for a period of twelve (12) months from the effective date of termination, but will not accrue additional Paid Time Off, vacation or other sick pay benefits, if Executive signs the Severance Agreement attached to this Agreement as EXHIBIT A within thirty (30) days of the effective date of termination.
By Executive for Cause. Upon the occurrence of any of the following events, this Agreement may be terminated by the Executive for Cause by written notice to Employer:
By Executive for Cause. Executive may terminate his employment “For Cause” on fourteen (14) days prior written notice upon the occurrence of any of the following:
By Executive for Cause. The Executive may terminate his employment hereunder for Cause at any time upon written notice to BridgeStreet setting forth the specific facts and circumstances constituting Cause and the specific actions required to cure. For this purpose, Cause shall mean a material breach by BridgeStreet of any provision of this Agreement or any other written agreement between Executive and BridgeStreet for a period of thirty (30) days after written notice is received by BridgeStreet.
