Common use of Summary Termination of Employment Clause in Contracts

Summary Termination of Employment. The employment of the Executive Director may be terminated by the Company without notice or payment in lieu of notice: 15.1 If the Executive Director is guilty of any gross default or gross misconduct in connection with or affecting the business of the Company or any Subsidiary or Associated Company to which he is required by this Agreement to render services; or 15.2 In the event of any serious or repeated breach or non-observance by the Executive Director of any of the stipulations contained in this Agreement; or 15.3 If the Executive Director has an interim receiving order made against him, becomes bankrupt or makes any composition or enters into any deed of arrangement with his creditors; or 15.4 If the Executive Director is convicted of any arrestable criminal offence (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed); or 15.5 If the Executive Director is disqualified from holding office in another company in which he is concerned or interested because of wrongful trading under the Insolvency Xxx 0000; or 15.6 If the Executive Director is convicted of an offence under the Companies Securities (Insider Dealing) Xxx 0000 or under any other present or future statutory enactment or regulations relating to insider dealings; or 15.7 If the Executive Director is guilty of conduct which brings or is likely to bring himself, the Company or any Associated Company into disrepute; or 15.8 If the Executive Director is, in the opinion of the Board, incapable by reasons of mental disorder of discharging his duties; or 15.9 If the Executive Director resigns as a director of the Company otherwise than at the request of the Company.

Summary Termination of Employment. The employment of the Executive Director may be terminated by the Company without notice or payment in lieu of notice: 15.1 If 16.1 if the Executive Director is guilty of any gross default or gross misconduct in connection with or affecting the business of the Company or any Subsidiary or Associated Company to which he is required by this Agreement to render services; or 15.2 In 16.2 in the event of any serious or repeated breach or non-observance by the Executive Director of any of the stipulations contained in this Agreement; or 15.3 If 16.3 if the Executive Director has an interim receiving order made against him, becomes bankrupt or makes any composition or enters into any deed of arrangement with his creditors; or 15.4 If 16.4 if the Executive Director is convicted of any arrestable criminal offence (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed); or 15.5 If 16.5 if the Executive Director is disqualified from holding office in another company in which he is concerned or interested because of wrongful trading under the Insolvency Xxx 0000; or 15.6 If 16.6 if the Executive Director is convicted of an offence under the Companies Securities (Insider Dealing) Xxx 0000 or under any other present or future statutory enactment or regulations relating to insider dealings; or 15.7 If 16.7 if the Executive Director is guilty of conduct which brings or is likely to bring himself, the Company or any Associated Company into disrepute; or 15.8 If 16.8 if the Executive Director is, in the opinion of the Board, incapable by reasons of mental disorder of discharging his duties; or 15.9 If 16.9 if the Executive Director resigns as a director of the Company otherwise than at the request of the Company.

Summary Termination of Employment. The employment of the Executive Director may be terminated by the Company without notice or payment in lieu of notice: 15.1 16.1 If the Executive Director is guilty of any gross default or gross misconduct in connection with or affecting the business of the Company or any Subsidiary or Associated Company to which he is required by this Agreement to render services; or 15.2 16.2 In the event of any serious or repeated breach or non-observance by the Executive Director of any of the stipulations contained in this Agreement; or 15.3 16.3 If the Executive Director has an interim receiving order made against him, becomes bankrupt or makes any composition or enters into any deed of arrangement with his creditors; or 15.4 16.4 If the Executive Director is convicted of any arrestable criminal offence (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed); or 15.5 16.5 If the Executive Director is disqualified from holding office in another company in which he is concerned or interested because of wrongful trading under the Insolvency Xxx 0000; or 15.6 16.6 If the Executive Director is convicted of an offence under the Companies Securities (Insider Dealing) Xxx 0000 or under any other present or future statutory enactment or regulations relating to insider dealings; or 15.7 16.7 If the Executive Director is guilty of conduct which brings or is likely to bring himself, the Company or any Associated Company into disrepute; or 15.8 16.8 If the Executive Director is, in the opinion of the Board, incapable by reasons of mental disorder of discharging his duties; or 15.9 16.9 If the Executive Director resigns as a director of the Company otherwise than at the request of the Company.

Summary Termination of Employment. The employment of the Executive Director may be terminated by the Company without notice or payment in lieu of notice: 15.1 If 10.1 if the Executive Director is guilty of any gross default or gross misconduct in connection with or affecting the business of the Company or any Subsidiary or Associated Company to which he is required by this Agreement to render services; or 15.2 In 10.2 in the event of any serious or repeated breach or non-observance by the Executive Director of any of the stipulations contained in this Agreement; or 15.3 If 10.3 if the Executive Director has an interim receiving order made against him, becomes bankrupt or makes any composition or enters into any deed of arrangement with his creditors; or 15.4 If 10.4 if the Executive Director is convicted of any arrestable criminal offence (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed); or 15.5 If 10.5 if the Executive Director is disqualified from holding office in another company in which he is concerned or interested because of wrongful trading under the Insolvency Xxx 0000; or 15.6 If 10.6 if the Executive Director is convicted of an offence under the Companies Securities (Insider Dealing) Xxx 0000 or under any other present or future statutory enactment or regulations relating to insider dealings; or 15.7 If 10.7 if the Executive Director is guilty of conduct which brings or is likely to bring himself, the Company or any Associated Company into disrepute; or 15.8 If 10.8 if the Executive Director is, in the opinion of the Board, incapable by reasons of mental disorder of discharging his duties; or 15.9 If 10.9 if the Executive Director resigns as a director of the Company otherwise than at the request of the Company.