Common use of Cause for Termination Clause in Contracts

Cause for Termination. For purposes of this Agreement, the term "Cause" shall mean a reasonable determination by vote of a majority of the members of the Board of Directors then holding office (other than the Employee if he shall then be a director) that one of the following conditions exists or one of the following events has occurred:

Appears in 6 contracts

Sources: Employment Agreement (Transmation Inc), Employment Agreement (Transmation Inc), Employment Agreement (Transmation Inc)

Cause for Termination. For purposes of this Agreement, the term "Cause" shall mean a reasonable determination by vote of a majority of the members of the Board of Directors then holding office (other than the Employee if he shall then be a directorDirector) that one of the following conditions exists or one of the following events has occurred:

Appears in 1 contract

Sources: Employment Agreement (Transmation Inc)