Common use of Discharge or Resignation Clause in Contracts

Discharge or Resignation. (a) Employee may be discharged prior to the expiration of the term of this Agreement (1) for "Just Cause"; or (2) upon 60 days written notice, even if "Just Cause" does not exist. (b) For a discharge which occurs prior to a "Change in Control," as defined herein, "Just Cause" shall mean that the Company, acting in good faith based upon the information then known to the Company, determines that Employee has: (1) committed a material breach of his duties and responsibilities to the Company (other than as a result

Appears in 3 contracts

Samples: Employment Agreement (Wyle Electronics), Employment Agreement (Wyle Electronics), Employment Agreement (Wyle Electronics)

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Discharge or Resignation. (a) Employee may be discharged prior to the expiration of the term of this Agreement (1) for "Just Cause"; or (2) upon 60 days written notice, even if "Just Cause" does not exist. (b) For a discharge which occurs prior to a "Change in Control," as defined herein, "Just Cause" shall mean that the Company, acting in good faith based upon the information then known to the Company, determines that Employee has: (1) committed a material breach of his duties and responsibilities to the Company (other than as a resultduties

Appears in 1 contract

Samples: Employment Agreement (Wyle Electronics)

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Discharge or Resignation. (a) Employee may be discharged prior to the expiration of the term of this Agreement (1) for "Just Cause"; or (2) upon 60 days written notice, even if "Just Cause" does not exist. (b) For a discharge which occurs prior to a "Change in Control," as defined herein, "Just Cause" shall mean that the Company, acting in good faith based upon the information then known to the Company, determines that Employee has: (1) committed a material breach of his duties and responsibilities to the Company (other than as a resultthe

Appears in 1 contract

Samples: Employment Agreement (Wyle Electronics)

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