DEFINITION OF "FOR CAUSE. StarMedia's termination of Executive's employment with StarMedia shall be "For Cause" if, in the reasonable opinion of the Board: (i) Executive breached the terms of this Agreement and such breach is not cured within ten (10) days after Executive has received written notice from StarMedia of such breach, (ii) Executive exhibits dishonesty, habitual neglect, persistent and serious deficiencies in performance, or gross incompetence in the performance of his duties under this Agreement, (iii) Executive is convicted of a crime other than a minor traffic violation, or (iv) Executive refuses or fails to act on any lawful directive or order from the Board.
Appears in 10 contracts
Samples: Retention Bonus and Severance Agreement (Starmedia Network Inc), Retention Bonus and Severance Agreement (Starmedia Network Inc), Retention Bonus and Severance Agreement (Starmedia Network Inc)
