Definitions of Cause. For purposes of this Agreement, “Cause” is defined as:
i. Any gross negligence or willful or intentional act or omission of Employee having the effect or reasonably likely to have the effect of injuring the reputation, business, or business relationships of the Company in any way as determined in the discretion of the Company. If in the Company’s discretion, the gross negligence or willful or intentional act or omission of Employee has not yet had the effect of injuring the reputation, business or business relationships of the Company in any way as determined in the discretion of the Company, the Company will provide written notice to Employee of the gross negligence or willful or intentional act or omission of Employee, and provide him an opportunity to cure and/or present Employee’s case to the contrary to the CEO, and as determined in the discretion of the Company, Employee has not remedied such gross negligence or willful or intentional act or omission of Employee within fifteen (15) business days of the notice or other longer cure period as may be specified by the Company;
ii. Employee has engaged in a failure or refusal to carry out the reasonable and lawful duties of his position or the CEO’s lawful directives, provided that the Company provides written notice to the Employee notifying him of such failure, and an opportunity to cure and/or present his case to the contrary to the Board, if applicable, and Employee does not remedy such failure or refusal within fifteen (15) business days or other longer cure period as may be specified by the Company;
iii. Any unethical or dishonest conduct engaged in by Employee in the course of his employment with the Company, including but not limited to dishonesty or falsification of any employment or Company records;
iv. Any conviction of or plea or nolo contendere or the equivalent in respect to any felony offense or crime involving dishonesty or moral turpitude by Employee;
v. Employee’s use of alcohol interfering with the performance of Employee’s obligations under this Agreement or Employee’s use of illegal drugs or abuse of prescription medications, provided that the Company provides written notice to the Employee notifying him of such conduct, and an opportunity to cure and/or present his case to the contrary to the Board, if applicable, and Employee does not remedy such conduct within fifteen (15) business days or other longer cure period as may be specified by the Company;
vi. Any violation or breach by Em...
Definitions of Cause. For purposes of this Agreement, “Cause” is defined as:
i. neglect or incompetence of the Executive to carry out the duties and responsibilities of his position in a diligent and professional manner;
ii. Executive’s failure or refusal to carry out the Board’s reasonable and lawful directives, provided that the Company provides written notice to the Executive notifying him of such failure, and an opportunity to cure and/or present his case to the contrary to the Board, and Executive does not remedy such failure or refusal within fifteen (15) business days or other longer cure period as may be specified by the Company;
iii. Any unethical or dishonest conduct engaged in by Executive in the course of his employment with the Company, that results in material harm to the Company, including but not limited to dishonesty or intentional falsification of any employment or Company records;
iv. Any conviction of or plea or nolo contendere or the equivalent in respect to any felony offense or crime involving dishonesty or moral turpitude by Executive;
v. Executive’s use of alcohol interfering with the performance of Executive’s obligations under this Agreement or Executive’s use of illegal drugs or abuse of prescription medications, provided that the Company provides written notice to the Executive notifying him of such conduct, and an opportunity to cure and/or present his case to the contrary to the Board, if applicable, and Executive does not remedy such conduct within fifteen (15) business days or other longer cure period as may be specified by the Company;
vi. Any material violation or breach by Executive of any term of this Agreement, including but not limited to any breach by Executive of his fiduciary duties to the Company, and/or any material violation or breach by Executive of any term of the Proprietary Information Agreement discussed in Section 7 below.
Definitions of Cause
