Termination By Consultant For Cause Sample Clauses

Termination By Consultant For Cause. (a) Notwithstanding any other provision hereof, Consultant may terminate his engagement with Company under this Agreement at any time for cause, upon written notice thereof to the Company specifying the cause for Consultant's termination.
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Termination By Consultant For Cause. (a). The CONSULTANT may terminate this Agreement only if the TPO fails to pay the CONSULTANT in accordance with this Agreement.
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Termination By Consultant For Cause. 7.02.01. Consultant, at his option, may terminate his obligation to provide services under this Consulting Agreement, "for cause," by giving written notification to Client. For purposes of this Section 7.02, "for cause" shall mean any material breach of this Consulting Agreement. A "material breach" of this Consulting Agreement includes, without limitation, Client's failure to pay Consultant all or any part of the compensation, when due and payable under Article 4 of this Consulting Agreement if payment is not received by Consultant within thirty (30) days after Consultant gives Client written notice of the delinquency.
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Termination By Consultant For Cause. Consultant is entitled to terminate this Agreement in the event of a default by Franchisor provided that the default is not cured by the Franchisor within thirty (30) days of written notice. In addition to Franchisor’s failure to meet its other obligations under this Agreement, such a default includes, but is not limited to, Franchisor’s failure to complete, within one (1) year of the Effective Date, all of the requirements in Section 2 to establish the Sales Commencement Date. In such event, Consultant shall be entitled, but not required, at its option to terminate this Agreement by providing written notice of the default to Consultant. If the default is not cured by Franchisor within thirty (30) days of the date of such notice, this Agreement shall be deemed terminated. Franchisor acknowledges that as a consequence of the substantial time and effort into the marketing and sale of Qualified Franchise Units, with payment contingent on Consultant’s success in selling Qualified Franchise Units during the full term of this Agreement, in the event of early termination due to Franchisor’s default, Consultant will be damaged in an amount that cannot be quantified as of the Effective Date. Accordingly, in addition to all other amounts due and payable by Franchisor to Consultant as of the date of termination, and those amounts that come due following termination pursuant to Section 5(b), upon termination for Franchisor’s default, Franchisor shall pay Consultant, as liquidated damages and not as a penalty, an amount equal to the trailing 12 months Commissionable Revenue multiplied by the number of years remaining in Agreement.
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Termination By Consultant For Cause. In the event of termination by the Consultant for Cause, the unvested Warrants shall terminate. However, the Consultant shall be paid a buyout fee by the Company in the amount of two hundred fifty thousand (250,000) fully vested Warrants (“Severance Fee”).
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Termination By Consultant For Cause. Agreement may be terminated at any time by Consultant (i) if any material breach by Alfin or Arpel of any agreement or covenant in this Agreement is not cured within 30 days of notice of such breach, or (ii) if any representation or warranty in Section 9 is materially false as of the date of this Agreement.
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Termination By Consultant For Cause. In the event of termination by CONSULTANT for cause under paragraph 8.1.1, CONSULTANT shall be entitled to receive full compensation as set forth in paragraph 6.2.2.
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Related to Termination By Consultant For Cause

  • Termination by Company for Cause Subject to Section 3.2, the Company may terminate Employee’s employment and all of the Company’s obligations under this Agreement at any time “For Cause” (as defined below) by giving notice to Employee stating the basis for such termination, effective immediately upon giving such notice or at such other time thereafter as the Company may designate. “For Cause” shall mean any of the following: (i) Employee’s willful and continued failure to substantially perform the reasonably assigned duties with the Company which are consistent with Employee’s position and job description referred to in this Agreement, other than any such failure resulting from incapacity due to physical or mental illness, after a written notice is delivered to Employee by the Board of Directors of the Company which specifically identifies the manner in which Employee has not substantially performed the assigned duties and allowing Employee thirty (30) days after receipt by Employee of such notice to cure such failure to perform, (ii) material breach of this or any other written agreement between Employee and the Company which is not cured within thirty (30) days after receipt by the Employee from the Company of written notice of such breach, (iii) any material violation of any written policy of the Company which is not cured within thirty (30) days after receipt by Employee from the Company of written notice of such violation, (iv) Employee’s willful misconduct which is materially and demonstrably injurious to the Company, (v) Employee’s conviction by a court of competent jurisdiction of, or his pleading guilty or nolo contendere to, any felony, or (vi) Employee’s commission of an act of fraud, embezzlement, or misappropriation against the Company or any breach of fiduciary duty or breach of the duty of loyalty, including, but not limited to, the offer, payment, solicitation or acceptance of any unlawful bribe or kickback with respect to the Company’s business. For purposes of this paragraph, no act, or failure to act, on Employee’s part shall be considered “willful” unless done, or omitted to be done, in knowing bad faith and without reasonable belief that the action or omission was in, or not opposed to, the best interests of the Company. Any act, or failure to act, expressly authorized by a resolution duly adopted by the Board of Directors or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, in good faith and in the best interests of the Company. Notwithstanding the foregoing, Employee shall not be deemed to have been terminated For Cause unless and until there shall have been delivered to Employee a copy of a resolution, duly adopted by the Board of Directors at a meeting of the Board called and held for such purpose (after reasonable notice to Employee and an opportunity for Employee, together with Employee’s counsel, to be heard before the Board), finding that in the good faith opinion of the Board of Directors Employee committed the conduct set forth above in (i), (ii), (iii), (iv), (v) or (vi) of this Section and specifying the particulars thereof in detail.

  • Termination by Employee for Cause In the event of a Change of Control (as defined below) of the Company that results in either a substantial reduction or change of title in the Employee’s job duties related to his position as CFO or CEO, ,or a decrease in or a failure to provide the compensation or vested benefits under this Agreement or the Company initiates a substantial reduction or change of title in the Employee’s job duties related to his position as CFO, Employee shall have the right to resign his employment and will be entitled to a lump sum severance payment equal to twelve (12) months of Employee’s then base salary payable within thirty (30) days after the date of termination In addition, Employee will be entitled to payment of all unused vacation days at his current daily rate and a lump sum equal to all deferred salaries and earned bonuses. In addition, all Employee’s then outstanding but unvested stock options shall vest one hundred percent (100%). Employee shall have 12 months from the date written notice is given to Employee about the announcement and closing of a transaction resulting in a Change in Control of the Company that would result in a substantial change in the Employee’s job duties or decrease his compensation or vested benefits under this Agreement to resign or this Section 4(c) shall not apply. In the event Employee resigns from the Company for any other reason, Employee will not be entitled to receive or accrue any further Company benefits or other remuneration under this Agreement, and Employee specifically agrees that he will not be entitled to receive any severance pay. For purposes of this Section 4, a Change in Control shall be deemed to have occurred if any of the following occur:

  • Termination by Employer for Cause Employer may terminate Employee’s employment hereunder for “Cause” upon notice to Employee. “Cause” for this purpose shall mean any of the following:

  • Termination for Cause by Company Although the Company anticipates the continuation of a mutually rewarding employment relationship with Executive, the Company may terminate Executive’s employment immediately at any time for Cause. For purposes of this Agreement, “Cause” is defined as: (a) acts or omissions constituting gross negligence, recklessness or willful misconduct on the part of Executive with respect to Executive’s obligations or otherwise relating to the business of the Company; (b) Executive’s material breach of this Agreement, including, without limitation, any breach of Section 8, Section 9 or Section 11; (c) Executive’s breach of the Company’s Employee Nondisclosure and Assignment Agreement (a signed copy of which was delivered to the Company with the Original Agreement) (the “Nondisclosure Agreement”); (d) Executive’s conviction or entry of a plea of nolo contendere for fraud, misappropriation or embezzlement, or any felony or crime of moral turpitude; (e) Executive’s inability to perform the essential functions of Executive’s position, with or without reasonable accommodation, due to a mental or physical disability; (f) Executive’s willful neglect of duties as determined in the sole and exclusive discretion of the Board, provided that Executive has received written notice of the action or omission giving rise to such determination and has failed to remedy such situation to the satisfaction of the Board within thirty (30) days following receipt of such written notice, unless Executive’s action or omission is not subject to cure, in which case no such notice shall be required, or (g) Executive’s death. In the event Executive’s employment is terminated in accordance with this Section 7.1, Executive shall be entitled to receive only Executive’s Base Salary then in effect, prorated to the date of Executive’s termination of employment with the Company (the “Termination Date”), and all amounts and benefits earned or incurred pursuant to Sections 5 and 6 through the Termination Date. All other Company obligations to Executive pursuant to this Agreement will be automatically terminated and completely extinguished as of the Termination Date, but will be subject to the surviving provisions of this Agreement set forth in Section 14.8. Executive will not be entitled to receive the Severance Package described in Section 7.2. Any termination pursuant to this Section 7.1 shall be evidenced by a resolution or written consent of the Board, and the Company shall provide Executive with a copy of such resolution or written consent, certified by the Secretary of the Company, upon Executive’s written request.

  • Voluntary Termination by Company COMPANY shall have the right to terminate this Agreement, for any reason, (i) upon at least six (6) months prior written notice to M.I.T., such notice to state the date at least six (6) months in the future upon which termination is to be effective, and (ii) upon payment of all amounts due to M.I.T. through such termination effective date.

  • Voluntary Termination by the Executive Notwithstanding anything in this Agreement to the contrary, the Executive may, upon not less than thirty (30) days' written notice to the Company, voluntarily terminate employment for any reason (including retirement under the terms of the Company's retirement plan as in effect from time to time).

  • Termination by the Employer for Cause The Executive’s employment under this Agreement may be terminated for Cause (as defined below) on the part of the Employer effective upon a vote of the Board of Directors, prior to which the Employer shall have given the Executive ten (10) days prior written notice and the opportunity to be heard on such matter at a meeting of the Board. Only the following shall constitute “Cause” for such termination:

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