Common use of For Cause by the Company Clause in Contracts

For Cause by the Company. Notwithstanding any other provision of this Agreement, Executive’s employment hereunder may be terminated by the Company at any time for Cause. For purposes of this Agreement, “Cause” shall mean: (i) Executive’s failure to follow the reasonable instructions of the President or Chief Executive Officer or otherwise perform Executive’s duties hereunder (other than as a result of a Disability (as defined in Section 5.3)) for thirty (30) days after a written demand for performance is delivered to Executive on behalf of the Company, which demand specifically identifies the manner in which the Company alleges that Executive has not substantially followed such instructions or otherwise performed Executive’s duties; (ii) material violation by Executive of the Company’s Code of Conduct; (iii) Executive’s willful misconduct that is materially injurious to the Company (whether from a monetary perspective or otherwise); (iv) Executive’s willful commission of an act constituting fraud with respect to the Company; (v) conviction of Executive for a felony under the laws of the United States or any state thereof; or (vi) Executive’s material breach of Executive’s obligations under Sections 7 or 8 hereof. If Executive’s employment is terminated by the Company for Cause, all compensation and benefits provided to Executive by the Company pursuant to this Agreement or otherwise shall cease as of the Termination Date, except that the Company shall pay Executive all Base Salary owed to Executive for work performed prior to the Termination Date, plus the cash value of any accrued but unused PTO, as of the Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (Arqule Inc), Employment Agreement (Arqule Inc)

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For Cause by the Company. Notwithstanding any other provision of this Agreement, Executive’s 's employment hereunder may be terminated by the Company at any time for Cause. For purposes of this Agreement, "Cause" shall mean: mean (i) Executive’s 's arbitrary, unreasonable, or willful failure to follow the reasonable instructions of the President or Chief Executive Officer or otherwise perform Executive’s his duties hereunder (other than as a result of a Disability (as defined in Section 5.3)total or partial incapacity due to physical or mental illness) for thirty (30) days after a written demand for performance is delivered to Executive on behalf of the Company, Company which demand specifically identifies the manner in which the Company alleges it is alleged that Executive has not substantially followed such instructions or otherwise performed Executive’s his duties; , (ii) material violation by Executive Executive's arbitrary, unreasonable, or willful refusal to follow the reasonable instructions of the Company’s Code of Conduct; Chief Executive Officer not cured within the time period following the notice set forth in (i), (iii) Executive’s willful misconduct that is materially injurious to 's dishonesty in the Company (whether from a monetary perspective or otherwise); performance of his duties hereunder, (iv) Executive’s willful commission of an act or acts on Executive's part involving moral turpitude or constituting fraud with respect to the Company; (v) conviction of Executive for a felony under the laws of the United States or any state thereof; , or (viv) Executive’s 's material breach of Executive’s his obligations under Sections Section 6 and 7 or 8 hereof, which breach shall remain uncured by Executive for thirty (30) days following receipt of notice from the Company specifying such breach. If Executive’s 's employment is terminated by the Company for Cause, all compensation and benefits provided to Executive by the Company pursuant to this Agreement or otherwise shall cease as of the Termination Date, except that the Company shall pay Executive all Base Salary amounts owed to Executive for work performed prior to through the Termination Datelast day of his actual employment by the Company, plus the cash value of any accrued but unused PTO, as not used vacation. The payment to Executive of any other benefits following the termination of Executive's employment pursuant to this Section 5.2 shall be determined by the Board in its sole discretion in accordance with the policies and practices of the Termination DateCompany.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

For Cause by the Company. Notwithstanding any other provision of this Agreement, Executive’s 's employment hereunder may be terminated by the Company at any time for Cause. For purposes of this Agreement, "Cause" shall mean: (i) Executive’s 's arbitrary, unreasonable, or willful failure to follow the reasonable instructions of the President or Chief Executive Officer or otherwise perform Executive’s 's duties hereunder (other than as a result of a Disability (as defined in Section 5.3)) for thirty (30) days after a written demand for performance is delivered to Executive on behalf of the Company, Company which demand specifically identifies the manner in which the Company alleges that Executive has not substantially followed such instructions or otherwise performed Executive’s 's duties; (ii) material violation by Executive of the Company’s Code of Conduct; (iii) Executive’s 's willful misconduct that is materially injurious to the Company (whether from a monetary perspective or otherwise); (iviii) Executive’s 's willful commission of an act constituting fraud with respect to the Company; (viv) conviction of Executive for a felony under the laws of the United States or any state thereof; or (viv) Executive’s 's material breach of Executive’s 's obligations under Sections 7 or 8 Section 6 hereof. If Executive’s 's employment is terminated by the Company for Cause, all compensation and benefits provided to Executive by the Company pursuant to this Agreement or otherwise shall cease as of the Termination Date, except that the Company shall pay Executive all Base Salary amounts owed to Executive for work performed prior to the Termination Date, plus the cash value of any accrued but unused PTO, as of the Termination Date. The payment to Executive of any other benefits following the termination of Executive's employment pursuant to this Section 5.2 shall be determined by the Board in its sole discretion in accordance with the policies and practices of the Company and applicable laws.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

For Cause by the Company. Notwithstanding any other provision of this Agreement, Executive’s employment hereunder may be terminated by the Company at any time for Cause. For purposes of this Agreement, “Cause” shall mean: (i) Executive’s arbitrary, unreasonable, or willful failure to follow the reasonable instructions of the President or Chief Executive Officer CEO or otherwise perform Executive’s duties hereunder (other than as a result of a Disability (as defined in Section 5.3)) for thirty (30) days after a written demand for performance is delivered to Executive on behalf of the Company, Company which demand specifically identifies the manner in which the Company alleges that Executive has not substantially followed such instructions or otherwise performed Executive’s duties; (ii) material violation by Executive of the Company’s Code of Conduct; (iii) Executive’s willful misconduct that is materially injurious to the Company (whether from a monetary perspective or otherwise); (iviii) Executive’s willful commission of an act constituting fraud with respect to the Company; (viv) conviction of Executive for a felony under the laws of the United States or any state thereof; or (viv) Executive’s material breach of Executive’s obligations under Sections 7 Section 6 hereof or 8 hereofunder the Employee Non-Disclosure and Inventions Agreement in the form attached hereto as Exhibit E, to be executed by Executive as of the Execution Date (the “NDA”). If Executive’s employment is terminated by the Company for Cause, all compensation and benefits provided to Executive by the Company pursuant to this Agreement or otherwise shall cease as of the Termination Date, except that the Company shall pay Executive all Base Salary amounts owed to Executive for work performed prior to the Termination Date, plus the cash value of any accrued but unused PTO, as of the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

For Cause by the Company. Notwithstanding any other provision of this Agreement, Executive’s employment hereunder may be terminated by the Company at any time for Cause. For purposes of this Agreement, “Cause” shall mean: (i) Executive’s arbitrary, unreasonable, or willful failure to follow the reasonable instructions of the President or Chief Executive Officer CEO or otherwise perform Executive’s duties hereunder (other than as a result of a Disability (as defined in Section 5.3)) for thirty (30) days after a written demand for performance is delivered to Executive on behalf of the Company, Company which demand specifically identifies the manner in which the Company alleges that Executive has not substantially followed such instructions or otherwise performed Executive’s duties; (ii) material violation by Executive of the Company’s Code of Conduct; (iii) Executive’s willful misconduct that is materially injurious to the Company (whether from a monetary perspective or otherwise); (iviii) Executive’s willful commission of an act constituting fraud with respect to the Company; (viv) conviction of Executive for a felony under the laws of the United States or any state thereof; or (viv) Executive’s material breach of Executive’s obligations under Sections Section 7 or 8 hereof. A final determination of whether Cause exists shall be made by the Board of Directors. If Executive’s employment is terminated by the Company for Cause, all compensation and benefits provided to Executive by the Company pursuant to this Agreement or otherwise shall cease as of the Termination Date, except that the Company shall pay Executive all Base Salary amounts owed to Executive for work performed prior to the Termination Date, plus the cash value of any accrued but unused PTO, as of the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

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For Cause by the Company. Notwithstanding any other provision of this Agreement, Executive’s employment hereunder may be terminated by the Company at any time for Cause. For purposes of this Agreement, “Cause” shall mean: (i) Executive’s failure to follow the reasonable instructions of the President or Chief Executive Officer Board or otherwise perform Executive’s duties hereunder (other than as a result of a Disability (as defined in Section 5.3)) for thirty (30) days after a written demand for performance is delivered to Executive on behalf of the Company, which demand specifically identifies the manner in which the Company alleges that Executive has not substantially followed such instructions or otherwise performed Executive’s duties; (ii) material violation by Executive of the Company’s Code of Conduct; (iii) Executive’s willful misconduct that is materially injurious to the Company (whether from a monetary perspective or otherwise); (iv) Executive’s willful commission of an act constituting fraud with respect to the Company; (v) conviction of Executive for a felony under the laws of the United States or any state thereof; or (vi) Executive’s material breach of Executive’s obligations under Sections 7 or 8 hereof, provided that the Company first provides Executive with written notice of such material breach. A final determination of whether Cause exists under this Agreement, including but not limited to any determination of whether any act or omission of Executive constitutes a “material” violation of the Company’s Code of Conduct, a “material” breach of this Agreement, or is “materially injurious” to the Company, shall be made by the Board. If Executive’s employment is terminated by the Company for Cause, all compensation and benefits provided to Executive by the Company pursuant to this Agreement or otherwise shall cease as of the Termination Date, except that the Company shall pay Executive all Base Salary owed to Executive for work performed prior to the Termination Date, plus the cash value of any accrued but unused PTO, as of the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

For Cause by the Company. Notwithstanding any other provision of this Agreement, Executive’s 's employment hereunder may be terminated by the Company at any time for Cause. For purposes of this Agreement, "Cause" shall mean: (i) Executive’s 's arbitrary, unreasonable, or willful failure to follow the reasonable instructions of the President or Chief Executive Officer Board or otherwise perform Executive’s 's duties hereunder (other than as a result of a Disability (as defined in Section 5.3)) for thirty (30) days after a written demand for performance is delivered to Executive on behalf of the Company, Company which demand specifically identifies the manner in which the Company alleges that Executive has not substantially followed such instructions or otherwise performed Executive’s 's duties; (ii) material violation by Executive of the Company’s Code of Conduct; (iii) Executive’s 's willful misconduct that is materially injurious to the Company (whether from a monetary perspective or otherwise); (iviii) Executive’s 's willful commission of an act constituting fraud with respect to the Company; (viv) conviction of Executive for a felony under the laws of the United States or any state thereof; or (viv) Executive’s 's material breach of Executive’s 's obligations under Sections 7 or 8 Section 6 hereof. If Executive’s 's employment is terminated by the Company for Cause, all compensation and benefits provided to Executive by the Company pursuant to this Agreement or otherwise shall cease as of the Termination Date, except that the Company shall pay Executive all Base Salary amounts owed to Executive for work performed prior to the Termination Date, plus the cash value of any accrued but unused PTO, as of the Termination Date. The payment to Executive of any other benefits following the termination of Executive's employment pursuant to this Section 5.2 shall be determined by the Board in its sole discretion in accordance with the policies and practices of the Company and applicable laws.

Appears in 1 contract

Samples: Employment Agreement (Arqule Inc)

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