Dismissal for Cause. The Company may terminate the Executive's employment under this Agreement for Cause at any time during the Employment Term by giving written notice thereof to the Executive specifying in reasonable detail the basis for the Cause upon which the Company intends to terminate the Executive's employment. The effect of such termination is provided in Section 5.2.4.
Appears in 4 contracts
Samples: Employment Agreement (BNP Residential Properties Inc), Employment Agreement (BNP Residential Properties Inc), Employment Agreement (BNP Residential Properties Inc)
Dismissal for Cause. The Company may terminate the Executive's employment under this Agreement for Cause at any time during the Employment Term by (i) giving written notice thereof to the Executive specifying in reasonable detail the basis for the Cause upon which the Company intends to terminate the Executive's employment, and (ii) effecting such termination by a majority vote of the non-management members of the Board of Directors. The effect of such termination is provided in Section 5.2.4.
Appears in 4 contracts
Samples: Employment Agreement (BNP Residential Properties Inc), Employment Agreement (BNP Residential Properties Inc), Employment Agreement (BNP Residential Properties Inc)