Common use of Discharge by Company Clause in Contracts

Discharge by Company. The Company shall be entitled to immediately terminate the Term and to discharge the Executive for cause without further remuneration, which shall be limited to the following grounds: (i) fraud, misappropriation or embezzlement by Executive involving Employer or any subsidiary or affiliate thereof; (ii) the conviction in any jurisdiction of Executive for any crime involving a felony; causing material adverse effect to company (iii) Executive's demonstrated voluntary unwillingness to perform his duties, including Executive's failure or refusal to carry out or perform such actions or duties as he is specifically directed to carry out or perform by the President and Chief Executive Officer or the Board of Directors of Employer, provided that Executive shall not be required to perform any illegal or unethical act; (iv) the willful engaging by Executive in conduct which has or could reasonably be expected to have a material adverse effect on Employer or any of its subsidiaries or affiliates; (v) the material breach by Executive of any representations, warranties, agreements or covenants made by Executive in this Agreement or any other agreement between Employer and Executive; or (vi) Commission of a willful or intentional act or act of gross malfeasance which could injure the reputation, business or business or business relationships of the Company including the violation of the terms of paragraphs 9 and/or 10 hereof.

Discharge by Company. The Company shall be entitled to immediately terminate the Term and to discharge the Executive for cause without further remuneration, which shall be limited to the following grounds: (i) fraud, misappropriation or embezzlement by Executive involving Employer or any subsidiary or affiliate thereof; (ii) the conviction in any jurisdiction of Executive for any crime involving a felony; causing material adverse effect to company (iii) Executive's ’s demonstrated voluntary unwillingness to perform his duties, including Executive's ’s failure or refusal to carry out or perform such actions or duties as he is specifically directed to carry out or perform by the President and Chief Executive Officer or the Board of Directors of Employer, provided that Executive shall not be required to perform any illegal or unethical act; (iv) the willful engaging by Executive in conduct which has or could reasonably be expected to have a material adverse effect on Employer or any of its subsidiaries or affiliates; (v) the material breach by Executive of any representations, warranties, agreements or covenants made by Executive in this Agreement or any other agreement between Employer and Executive; or (vi) Commission of a willful or intentional act or act of gross malfeasance which could injure the reputation, business or business or business relationships of the Company including the violation of the terms of paragraphs 9 and/or 10 hereof.

Discharge by Company. The Company shall be entitled to immediately terminate the Term and to discharge the Executive for cause without further remuneration, which shall be limited to the following grounds: (i) fraud, misappropriation or embezzlement by Executive involving Employer or any subsidiary or affiliate thereof; (ii) the conviction in any jurisdiction of Executive for any crime involving a felony; causing material adverse effect to company (iii) Executive's ’s demonstrated voluntary unwillingness to perform his duties, including Executive's ’s failure or refusal to carry out or perform such actions or duties as he is specifically directed to carry out or perform by the President and Chief Executive Officer or the Board of Directors of Employer, provided that Executive shall not be required to perform any illegal or unethical act; (iv) the willful engaging by Executive in conduct which has or could reasonably be expected to have a material adverse effect on Employer or any of its subsidiaries or affiliates; (v) the material breach by Executive of any representations, warranties, agreements or covenants made by Executive in this Agreement or any other agreement between Employer and Executive; or (vi) Commission of a willful or intentional act or act of gross malfeasance which could whichcould injure the reputation, business or business or business relationships of the Company including the violation of the terms of paragraphs 9 and/or 10 hereof.