Common use of Termination by Company for Clause in Contracts

Termination by Company for. Cause" or Voluntarily by Executive. The Company may terminate this Agreement for "Cause" effective immediately upon written notice thereof to Executive. For purposes of this Agreement, "Cause" shall mean and be limited to the following events: an act of fraud, embezzlement, gross dishonesty or similar conduct by Executive involving the Company; any action by Executive involving the arrest of Executive, for violation of any criminal statute consisting of a felony if the Board reasonably determines that the continuation of Executive's employment after such event would have an adverse impact on the operations or reputation of the Company in the financial community; or continued insubordination or a refusal by Executive to perform his duties hereunder in a manner deemed to be reasonably satisfactory to the CEO; provided, however, that this Agreement may not be terminated under this subclause unless Executive shall have first received written notice from the CEO advising Executive of the specific acts or omissions alleged to constitute a refusal to perform and such refusal to perform continues after Executive shall have had a reasonable opportunity to correct the acts or omissions cited in such notice. In the event of termination for "Cause," voluntarily or by Executive other than as permitted in Sections 6(b)(i), 6(b)(ii) and 6(c), (x) Executive shall be entitled to receive that portion of the Base Salary and all benefits accrued through the date of termination and (y) all

Termination by Company for. Cause" or Voluntarily by Executive. The Company may terminate this Agreement for "Cause" effective immediately upon written notice thereof to Executive. For purposes of this Agreement, "Cause" shall mean and be limited to the following events: an act of fraud, embezzlement, gross dishonesty or similar conduct by Executive involving the Company; any action by Executive involving the arrest of Executive, for violation of any criminal statute consisting of a felony if the Board reasonably determines that the continuation of Executive's employment after such event would have an adverse impact on the operations or reputation of the Company in the financial community; or continued insubordination or a refusal by Executive to perform his duties hereunder in a manner deemed to be reasonably satisfactory to the CEO; provided, however, that this Agreement may not be terminated under this subclause unless Executive shall have first received written notice from the CEO advising Executive of the specific acts or omissions alleged to constitute a refusal to perform and such refusal to perform continues after Executive shall have had a reasonable opportunity to correct the acts or omissions cited in such notice. In the event of termination for "Cause," voluntarily or by Executive other than as permitted in Sections 6(b)(i), 6(b)(ii) and 6(c), (x) Executive shall be entitled to receive that portion of the Base Salary and all benefits accrued through the date of termination and (y) allall Options that have become exercisable as of the date of termination shall become and shall remain so for a period of 30 days.

Termination by Company for. Cause" or Voluntarily by Executive. The Company may terminate this Agreement for "Cause" effective immediately upon written notice thereof to Executive. For purposes of this Agreement, "Cause" shall mean and be limited to the following eventsevent: (i) an act of fraud, embezzlement, gross dishonesty embezzlement or similar conduct by Executive involving the Company; (ii) any action by Executive involving the arrest of Executive, Executive for violation of any criminal statute consisting of constituting a felony if the Board reasonably determines that the continuation of Executive's employment after such event would have an adverse impact on the operations or reputation of the Company in the financial community; or continued insubordination (iii) a continuing, repeated willful failure or a refusal by Executive to perform his duties hereunder in a manner deemed to be reasonably satisfactory to the CEOduties; provided, however, that this Agreement may not be terminated under this subclause (iv) unless Executive shall have first received written notice from the CEO Board advising Executive of the specific acts or omissions alleged to constitute a failure or refusal to perform and such failure or refusal to perform continues after Executive shall have had a reasonable opportunity to correct the acts or omissions cited in such notice. In the event of termination for "Cause," ", or voluntarily or by Executive other than as permitted in Sections 6(b)(i), 6(b)(ii) and 6(c), (x) Executive shall be entitled to receive that portion of the Base Salary and all benefits accrued through the date of termination and and, (y) allall Options that have become exercisable as of the date of termination shall remain so for a period of 90 days.

Termination by Company for. Cause" or Voluntarily by Executive. The Parent or the Company may terminate this Agreement for "Cause" effective immediately upon written notice thereof to Executive. For purposes of this Agreement, "Cause" shall mean and be limited to the following events: an act of fraud, embezzlement, gross dishonesty or similar conduct by Executive involving the Parent or the Company; any action by Executive involving the arrest of Executive, for violation of any criminal statute consisting of a felony if the Parent Board reasonably determines that the continuation of Executive's employment after such event would have an adverse impact on the operations or reputation of the Parent or the Company in the financial community; or continued insubordination or a refusal by Executive to perform his duties hereunder in a manner deemed to be reasonably satisfactory to the CEO; provided, however, that this Agreement may not be terminated under this subclause unless Executive shall have first received written notice from the CEO advising Executive of the specific acts or omissions alleged to constitute a refusal to perform and such refusal to perform continues after Executive shall have had a reasonable opportunity to correct the acts or omissions cited in such notice. In the event of termination for "Cause," voluntarily or by Executive other than as permitted in Sections 6(b)(i), 6(b)(ii) and 6(c), (x) Executive shall be entitled to receive that portion of the Base Salary and all benefits accrued through the date of termination and (y) allall Options that have become exercisable as of the date of termination shall become and shall remain so for a period of 30 days.

Termination by Company for. Cause" or Voluntarily by Executive. The Company may terminate this Agreement for "Cause" effective immediately upon written notice thereof to Executive. For purposes of this Agreement, "Cause" shall mean and be limited to the following events: an act of fraud, embezzlement, gross dishonesty or similar conduct by Executive involving the Company; any action by Executive involving the arrest of Executive, for violation of any criminal statute consisting of a felony if the Board reasonably determines that the continuation of Executive's employment after such event would have an adverse impact on the operations or reputation of the Company in the financial community; or continued insubordination or a refusal by Executive to perform his her duties hereunder in a manner deemed to be reasonably satisfactory to the CEO; provided, however, that this Agreement may not be terminated under this subclause unless Executive shall have first received written notice from the CEO advising Executive of the specific acts or omissions alleged to constitute a refusal to perform and such refusal to perform continues after Executive shall have had a reasonable opportunity to correct the acts or omissions cited in such notice. In the event of termination for "Cause," voluntarily or by Executive other than as permitted in Sections 6(b)(i), ) and 6(b)(ii) and 6(c), (x) Executive shall be entitled to receive that portion of the Base Salary and all benefits accrued through the date of termination and (y) allall Options that have become exercisable as of the date of termination shall become and shall remain so for a period of 90 days.

Termination by Company for. Cause" or Voluntarily by Executive. The Company may terminate this Agreement for "Cause" effective immediately upon written notice thereof to Executive. For purposes of this Agreement, "Cause" shall mean and be limited to the following eventsevent: (i) an act of fraud, embezzlement, gross dishonesty embezzlement or similar conduct by Executive involving the Company; (ii) any action by Executive involving the arrest of Executive, Executive for violation of any criminal statute consisting of constituting a felony if the Board reasonably determines that the continuation of Executive's employment after such event would have an adverse impact on the operations or reputation of the Company in the financial community; or continued insubordination (iii) a continuing, repeated willful failure or a refusal by Executive to perform his duties hereunder in a manner deemed to be reasonably satisfactory to the CEOduties; provided, however, that this Agreement may not be terminated under this subclause (iv) unless Executive shall have 4 first received written notice from the CEO Board advising Executive of the specific acts or omissions alleged to constitute a failure or refusal to perform and such failure or refusal to perform continues after Executive shall have had a reasonable opportunity to correct the acts or omissions cited in such notice. In the event of termination for "Cause," ", or voluntarily or by Executive other than as permitted in Sections 6(b)(i), 6(b)(ii) and 6(c), (x) Executive shall be entitled to receive that portion of the Base Salary and all benefits accrued through the date of termination and and, (y) allall Options that have become exercisable as of the date of termination shall remain so for a period of 90 days.

Termination by Company for. Cause" or Voluntarily by Executive. The Company may terminate this Agreement for "Cause" effective immediately upon written notice thereof to Executive. For purposes of this Agreement, "Cause" shall mean and be limited to the following events: (i) an act of fraud, embezzlement, gross dishonesty embezzlement or similar conduct by Executive involving the Company; (ii) any action by Executive involving the arrest of Executive, Executive for violation of any criminal statute consisting of constituting a felony if the Board reasonably determines that the continuation of Executive's employment after such event would have an a adverse impact on the operations or reputation of the Company in the financial community; or continued insubordination (iii) a continuing, repeated willful failure or a refusal by Executive to perform his duties hereunder in a manner deemed to be reasonably satisfactory to the CEOduties; provided, however, that this Agreement may not be terminated under this subclause (iii) unless Executive shall have first received written notice from the CEO Board advising Executive of the specific acts or omissions alleged to constitute a failure or refusal to perform and such failure or refusal to perform continues after Executive shall have had a reasonable opportunity to correct the acts or omissions cited in such notice. In the event of termination for "Cause," or voluntarily or by Executive other than as permitted in Sections 6(b)(i), 6(b)(ii) and 6(b(ii) and 6(c), (x) Executive shall be entitled to receive that portion of the Base Salary and all benefits accrued through the date of termination and (y) allall Options that have become exercisable as of the date of termination shall remain so for a period of 90 days.