Common use of By the Company for Just Cause Clause in Contracts

By the Company for Just Cause. For purposes of this Agreement "Just Cause" shall mean the following: (i) a conviction of or a plea of guilty or nolo contendre by the Employee to a felony or misdemeanor involving fraud, embezzlement, theft, or dishonesty or other criminal conduct against the Company; (ii) habitual neglect of the Employee's duties or failure by the Employee to perform or observe any substantial lawful obligation of such employment that is not remedied within thirty (30) days after written notice thereof from the Company or its Board of Directors; or (iii) any material breach of this Agreement by the Employee. Should the Employee dispute whether he was terminated for Just Cause, then the Company and the Employee shall enter immediately into binding arbitration pursuant to the Commercial Arbitration Rules of the American Arbitration Association, the cost of which shall be borne by the non-prevailing party. In the event of termination of this Agreement other than for death, the Employee hereby agrees to resign from all positions held in the Company, including without limitation any position as a director, officer, agent, trustee, or consultant of the Company or any affiliate of the Company. For the purposes of this provision, the term "affiliate" has the same meaning as in Section 9.

By the Company for Just Cause. For purposes of this the Agreement "Just Cause" shall mean the following: (i) a conviction of or a plea of guilty or nolo contendre by the Employee to a felony or misdemeanor involving fraud, embezzlement, theft, or dishonesty or other criminal conduct against the Company; (ii) habitual neglect of the Employee's duties or failure by the Employee to perform or observe any substantial lawful obligation of such employment that is not remedied within thirty (30) days after written notice thereof from the Company or its Board of Directors; or (iii) any material breach of this Agreement by the Employee. Should the Employee dispute whether he was terminated for Just Cause, then the Company and the Employee shall enter immediately into binding arbitration pursuant to of the Commercial Arbitration Rules of the American Arbitration Association, the cost of which shall be borne by the non-prevailing party. In the event of termination of this Agreement other than for death, the Employee hereby agrees to resign from all positions held in the Company, including without limitation any position as a director, officer, agent, trustee, or consultant of the Company or any affiliate of the Company. For the purposes of this provision, the term "affiliate" has the same meaning as in Section 9.

By the Company for Just Cause. For purposes of this Agreement "Just Cause" shall mean the following: (i) a conviction of or a plea of guilty or nolo contendre by the Employee to a felony or misdemeanor involving fraud, embezzlement, theft, or dishonesty or other criminal conduct against the Company; (ii) habitual neglect of the Employee's duties or failure by the Employee to perform or observe any substantial lawful obligation of such employment that is not remedied within thirty (30) days after written notice thereof from the Company or its it Board of Directors; or (iii) any material breach of this Agreement by the Employee. Should the Employee dispute whether he was terminated for Just Cause, then the Company and the Employee shall enter immediately into binding arbitration pursuant to the Commercial Arbitration Rules of the American Arbitration Association, the cost of which shall be borne by the non-prevailing party. In the event of termination of this Agreement other than for death, the Employee hereby agrees to resign from all positions held in the Company, including without limitation any position as a director, officer, agent, trustee, or consultant of the Company or any affiliate of the Company. For the purposes of this provision, the term "affiliate" has the same meaning as in Section 9.