Right Upon Termination of Employment for Cause. The Company shall have the right at any time, by giving written notice to Executive to terminate Executive’s employment for Cause. Cause shall be deemed to have occurred if the Executive is convicted of a felony or a crime involving fraud, gross negligence, or significant mismanagement of the business. Upon such termination for Cause, Executive shall be paid his current monthly salary and any bonuses earned up to that point, and Executive may exercise any unexercised options or warrants that are vested. Executive shall forfeit all unexercised options not then vested.
Appears in 8 contracts
Samples: Employment Agreement (Houseraising, Inc.), Employment Agreement (Houseraising, Inc.), Employment Agreement (Houseraising, Inc.)
Right Upon Termination of Employment for Cause. The Company shall have the right at any time, by giving written notice to Executive to terminate Executive’s 's employment for Cause. cause: Cause shall be deemed to have occurred if the Executive is convicted of a felony or a crime involving fraud, gross negligence, negligence or significant mismanagement of the business. Upon such termination for Causecause, Executive shall be paid his current monthly salary and salary, any bonuses earned up to that point, point and Executive may exercise any unexercised options or warrants that are vested. Executive shall forfeit all unexercised options not then vested.
Appears in 1 contract
Samples: Employment Agreement (Colo Com)
