Common use of Termination by Global Clause in Contracts

Termination by Global. (a) Global may terminate Employee’s employment hereunder for good cause anytime by delivery of written notice of termination. A termination for good cause under this Section 8.1 shall be effective upon the date set forth in a written notice of termination delivered to Employee. Good cause will be limited to the following circumstances: (1) habitual absence from work by the Employee, including without limitation, habitual absence from the Company’s offices on non-Company matters that interferes with the Employee’s duties; (2) habitual drunkenness by the Employee; (3) habitual drug abuse or drug addiction by the Employee; (4) the Employee maliciously denigrating in public the Company or any officer, director or affiliate thereof; (5) physical destruction of substantial property or asset of the Company by, or caused by, the Employee; (6) appropriation of business opportunities of the Company by the Employee for the direct or indirect personal gain of the Employee or members of his family without the prior written consent of The Board; (7) willful and malicious interference with the Company’s operations by the Employee; (8) engagement by the Employee in any act of fraud, material misappropriation of funds or assets, or embezzlement, including without limitation, theft, bribery or the receipt of kickbacks; (9) a conviction of the Employee for, or a plea of nolo contedere by the Employee to, a felony or other criminal act for which the possible penalties include a prison sentence of at least 1 year; (10) a material breach by the Employee of the restrictive covenants contained in this Agreement, or for disloyal, dishonest or illegal conduct by the Employee; or (11) Employee is in default in a material respect in the performance of Employee’s obligations, services or duties hereunder, including Employee’s willfully disregarding the written or oral instructions of the Board of Directors concerning the conduct of Employee’s duties hereunder, Employee’s conduct which is materially inconsistent with the published policies of Global, as promulgated from time to time and which are generally applicable to all employees or to senior management, or Employee’s breach of any other material provision of this Agreement; and, in any such case, such act has resulted (or could reasonably be expected to result) in substantial harm to Global; or (b) Global may terminate Employee’s employment hereunder without good cause at any time not fewer than 30 days nor more than 45 days after delivering written notice of termination to Employee.

Termination by Global. (a) Global may terminate Employee’s 's employment hereunder for good cause anytime by delivery of written notice of termination. A termination for good cause under this Section SECTION 8.1 shall be effective upon the date set forth in a written notice of termination delivered to Employee. Good cause will be limited to the following circumstances: (1) habitual absence from work by the Employee, including without limitation, habitual absence from the Company’s 's offices on non-Company matters that interferes with the Employee’s 's duties; (2) habitual drunkenness by the Employee; (3) habitual drug abuse or drug addiction by the Employee; (4) the Employee maliciously denigrating in public the Company or any officer, director or affiliate thereof; (5) physical destruction of substantial property or asset of the Company by, or caused by, the Employee; (6) appropriation of business opportunities of the Company by the Employee for the direct or indirect personal gain of the Employee or members of his family without the prior written consent of The the Board; (7) willful and malicious interference with the Company’s 's operations by the Employee; (8) engagement by the Employee in any act of fraud, material misappropriation of funds or assets, or embezzlement, including without limitation, theft, bribery or the receipt of kickbacks; (9) a conviction of the Employee for, or a plea of nolo contedere contendere by the Employee to, a felony or other criminal act for which the possible penalties include a prison sentence of at least 1 year; (10) a material breach by the Employee of the restrictive covenants contained in this Agreement, or for disloyal, dishonest or illegal conduct by the Employee; or (11) Employee is in default in a material respect in the performance of Employee’s 's obligations, services or duties hereunder, including Employee’s 's willfully disregarding the written or oral instructions of the Board of Directors concerning the conduct of Employee’s 's duties hereunder, Employee’s 's conduct which is materially inconsistent with the published policies of Global, as promulgated from time to time and which are generally applicable to all employees or to senior management, or Employee’s 's breach of any other material provision of this Agreement; and, in any such case, such act has resulted (or could reasonably be expected to result) in substantial harm to Global; or (b) Global may terminate Employee’s 's employment hereunder without good cause at any time not fewer than 30 days nor more than 45 days after delivering written notice of termination to Employee.

Termination by Global. (a) Global may terminate Employee’s 's employment hereunder for good cause anytime by delivery of written notice of termination. A termination for good cause under this Section SECTION 8.1 shall be effective upon the date set forth in a written notice of termination delivered to Employee. Good cause will be limited to the following circumstances: (1) habitual absence from work by the Employee, including without limitation, habitual absence from the Company’s 's offices on non-Company matters that interferes with the Employee’s 's duties; (2) habitual drunkenness by the Employee; (3) habitual drug abuse or drug addiction by the Employee; (4) the Employee maliciously denigrating in public the Company or any officer, director or affiliate thereof; (5) physical destruction of substantial property or asset of the Company by, or caused by, the Employee; (6) appropriation of business opportunities of the Company by the Employee for the direct or indirect personal gain of the Employee or members of his family without the prior written consent of The the Board; (7) willful and malicious interference with the Company’s 's operations by the Employee; (8) engagement by the Employee in any act of fraud, material misappropriation of funds or assets, or embezzlement, including without limitation, theft, bribery or the receipt of kickbacks; (9) a conviction of the Employee for, or a plea of nolo contedere contendere by the Employee to, a felony or other criminal act for which the possible penalties include a prison sentence of at least 1 year; (10) a material breach by the Employee of the restrictive covenants contained in this Agreement, or for disloyal, dishonest or illegal conduct by the Employee; or (11) Employee is in default in a material respect in the performance of Employee’s 's obligations, services or duties hereunder, including Employee’s 's willfully disregarding the written or oral instructions of the Board of Directors or Global's President concerning the conduct of Employee’s 's duties hereunder, Employee’s 's conduct which is materially inconsistent with the published policies of Global, as promulgated from time to time and which are generally applicable to all employees or to senior management, or Employee’s 's breach of any other material provision of this Agreement; and, in any such case, such act has resulted (or could reasonably be expected to result) in substantial harm to Global; or (b) Global may terminate Employee’s 's employment hereunder without good cause at any time not fewer than 30 days nor more than 45 days after delivering written notice of termination to Employee.