Common use of Dismissal for Cause Clause in Contracts

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.

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.