Common use of Employee Termination For Cause Clause in Contracts

Employee Termination For Cause. Employee Termination For Cause" shall mean a termination of employment at the election of Employee when there is "Employee Cause". "Employee Cause" shall mean (a) a termination of employment by Employee because of a material breach by Employer of any material provision of this Agreement which remains uncorrected for thirty (30) days following notice of such breach by Employee to Employer, provided such termination occurs within sixty (60) days after the expiration of the notice period or (b) a termination of employment by Employee within six (6) months after a material reduction in Employee's rank or responsibility with Employer.

Appears in 22 contracts

Samples: Executive Employment Agreement (Dresser Inc), Executive Employment Agreement (Dresser Inc), Executive Employment Agreement (Dresser Inc)

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Employee Termination For Cause. Employee Termination For Cause" shall mean a termination of employment at the election of Employee when there is "Employee Cause". "Employee Cause" shall mean (a) a termination of employment by Employee because of a material breach by Employer of any material provision of this Agreement which remains uncorrected for thirty (30) days following notice of such breach by Employee to Employer, provided such termination occurs within sixty (60) days after the expiration of the notice period or (b) a termination of employment by Employee within six (6) months after a material reduction in Employee's ’s rank or responsibility with Employer.

Appears in 1 contract

Samples: Executive Employment Agreement (Dresser Inc)

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