Common use of Notice of Termination for Cause Clause in Contracts

Notice of Termination for Cause. (herein so called) shall mean a notice that shall indicate the specific termination provision in Section (a) of Exhibit "A" relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for Termination for Cause. The effective date of termination for a Termination for Cause shall be the date indicated in the Notice of Termination. Any purported Termination for Cause which is held by a court by a non-appealable final judgment not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company without Cause.

Appears in 7 contracts

Samples: Employment Agreement (Eventures Group Inc), Employment Agreement (Eventures Group Inc), Employment Agreement (Eventures Group Inc)

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Notice of Termination for Cause. (herein so called) A Notice of Termination for Cause shall mean a notice that shall indicate the specific termination provision in Section (a7(e) of Exhibit "A" relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for Termination for Cause. The effective date of termination for a Termination for Cause shall be the date indicated in the Notice of Termination. Any purported Termination for Cause which is held by a court by a non-appealable final judgment not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination Termination by the Company without Cause.

Appears in 6 contracts

Samples: Employment Agreement (Usi Inc), Employment Agreement (Usi Inc), Employment Agreement (Strategic Industries Inc /Nj/)

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Notice of Termination for Cause. (herein so called) shall mean a notice that shall indicate the specific termination provision in Section (a) of "Exhibit "A" relied upon and shall set forth in reasonable detail the facts and circumstances which provide for a basis for Termination for Cause. The effective date of termination for a Termination for Cause shall be the date indicated in the Notice of Termination. Any purported Termination for Cause which is held by a court by a non-appealable final judgment not to have been based on the grounds set forth in this Agreement or not to have followed the procedures set forth in this Agreement shall be deemed a termination by the Company without Cause.

Appears in 2 contracts

Samples: Employment Agreement (Jackpot Enterprises Inc), Employment Agreement (Jackpot Enterprises Inc)

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