Common use of DEFINITION OF "FOR CAUSE Clause in Contracts

DEFINITION OF "FOR CAUSE. For purposes of Section 6.1, the phrase "for cause" means: (a) the Executive's material breach of this Agreement (b) the Executive's failure to adhere to any written Employer policy if the Executive has been given a reasonable opportunity to comply with such policy or cure his failure to comply (which reasonable opportunity must be granted during the ten-day period preceding termination of this Agreement); (c) the appropriation (or attempted appropriation) of a material business opportunity of the Employer, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Employer; (d) the misappropriation (or attempted misappropriation) of any of the Employer's funds or property; or (e) the conviction of, the indictment for (or its procedural equivalent), or the entering of a guilty plea or plea of no contest with respect to, a felony, the equivalent thereof, or any other crime with respect to which imprisonment is a possible punishment.

Appears in 3 contracts

Samples: Employment Agreement (Dynamic Health Products Inc), Employment Agreement (Dynamic Health Products Inc), Employment Agreement (Dynamic Health Products Inc)

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DEFINITION OF "FOR CAUSE. For purposes of Section 6.1, the phrase "for cause" means: : (aA) the Executive's material breach of this Agreement Agreement; (bB) the Executive's failure to adhere to any written Employer policy if the Executive has been given a reasonable opportunity to comply with such policy or cure his failure to comply (which reasonable opportunity must be granted during the ten-day period preceding termination of this Agreement); ; (cC) the appropriation (or attempted appropriation) of a material business opportunity of the Employer, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Employer; ; (dD) the misappropriation (or attempted misappropriation) of any of the Employer's funds or property; or or (eE) the conviction of, the indictment for (or its procedural equivalent), or the entering of a guilty plea or plea of no contest with respect to, a felony, the equivalent thereof, or any other crime with respect to which imprisonment is a possible punishment.

Appears in 2 contracts

Samples: Employment Agreement (BMB Munai Inc), Employment Agreement (BMB Munai Inc)

DEFINITION OF "FOR CAUSE. For purposes of Section 6.1, the phrase "for causeFor Cause" means: (a) the Executive's material breach of this Agreement Agreement; (b) the Executive's failure to adhere to any written Employer policy if after the Executive has been given a reasonable opportunity to comply with such policy or cure his failure to comply (which reasonable opportunity must be granted during the ten-day period preceding termination of this Agreement); (c) the appropriation (or attempted appropriation) of a material business opportunity of the Employer, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Employer; (d) the misappropriation (or attempted misappropriation) of any of the Employer's funds or property; or (e) the conviction of, the indictment for (or its procedural equivalent), or the entering of a guilty plea or plea of no contest with respect to, a felony, the equivalent thereof, or any other crime with respect to which imprisonment is a possible punishment.

Appears in 2 contracts

Samples: Employment Agreement (Gunther International LTD), Employment Agreement (Gunther International LTD)

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DEFINITION OF "FOR CAUSE. For purposes of Section 6.1, the phrase "for cause" means: : (aA) the Executive's material ’s breach of this Agreement Agreement; (bB) the Executive's ’s failure to adhere to any written Employer policy if the Executive has been given a reasonable opportunity to comply with such policy or cure his failure to comply (which reasonable opportunity must be granted during the ten-day period preceding termination of this Agreement); ; (cC) the appropriation (or attempted appropriation) of a material business opportunity of the Employer, including attempting to secure or securing any personal profit in connection with any transaction entered into on behalf of the Employer; ; (dD) the misappropriation (or attempted misappropriation) of any of the Employer's ’s funds or property; or or (eE) the conviction of, the indictment for (or its procedural equivalent), or the entering of a guilty plea or plea of no contest with respect to, a felony, the equivalent thereof, or any other crime with respect to which imprisonment is a possible punishment.

Appears in 1 contract

Samples: Employment Agreement (BMB Munai Inc)

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