Termination by the Board for Cause. (a) The Board may terminate the Executive’s employment hereunder for Cause, as provided in Section 6.3(b) below. If the Board terminates the Executive’s employment under this Section 6.3 for Cause, the Term of Employment shall thereupon end as set forth below and the Executive shall, subject to Section 6.11 of this Agreement, only be entitled to:
Termination by the Board for Cause. The Board may terminate the Executive's employment at any time for Cause, such termination to be effective as of the date stated in a written notice of termination delivered to the Executive. Before proceeding with termination under subparts (iii) through (vi) of the definition of “Cause,” above, the Board shall give the Executive written notice of the grounds for termination and thirty (30) days to cure, if curable. If the Executive fails or is unable to cure, the Executive’s employment shall terminate on the thirty-first (31st) day following the giving by the Bank of such written notice of termination;
Termination by the Board for Cause. 1) The Agreement may be terminated by mutual agreement by three months notice of the intention to terminate or not to renew the Agreement.
Termination by the Board for Cause. The Guam Education Board, by affirmative vote of at least five (5) members, may terminate the services of the Superintendent for cause. Such cause consists of malfeasance in office or for persistent neglect of, or failure to discharge duties, or for offenses Page8 DRAFT - EMPLOYMENT AGREEMENT FOR THE SUPERINTENDENT OF THE GUAM DEPARTMENT OF EDUCATION involving moral turpitude, and for no other cause. The Superintendent shall not be removed from office before a written xxxx of particulars has been given to him and before an investigation and an open and public hearing shall have been had. Upon termination, Superintendent shall be entitled to severance pay of all of the aggregate salary, allowance and compensation he would have earned under this contract for DRAF twelve (12) months from the date of termination, or until the termination dates as set forth in this contract or amendment thereto, whichever is shorter. Should the Superintendent remove his residence from Guam, he shall be deemed to have vacated his office.
Termination by the Board for Cause. In the event of the termination of the Executive's employment pursuant to Section 6(c), the Bank shall pay to the Executive following such termination all accrued and unpaid salary for time worked as of the date of termination and all accrued but unutilized vacation time as of the date of termination, determined in accordance with the Bank’s employee handbook. The Executive shall not be entitled to any other compensation, bonus, incentive, or severance pay from the Bank; provided, however, that nothing in this Section 7(a) shall affect any vested rights that the Executive has under any pension, thrift, or other benefit plan, excluding the Bank’s Employee Severance Plan dated May 1, 2007 or any successor plan (the “Severance Plan”). EXECUTION COPY
Termination by the Board for Cause. The Board may terminate the President’s employment and this Agreement at any time for “Cause” without further liability under this Agreement, except for any earned but unpaid wages or vested benefits. “Cause” shall mean any of the following: Initials/Date: Certified as True and Correct April 26, 2022
Termination by the Board for Cause i. The parties agree that the Board may terminate this Agreement at any time for “Cause” which, in addition to any of its other normally understood meanings in employment agreements, shall include the following: (i) deliberate or serious violation of the duties set forth in this Agreement or refusal or unwillingness to perform such duties in good faith and to the best of Xx. Xxxxx’x abilities; (ii) any DRAFT conduct of Xx. Xxxxx that constitutes moral turpitude, or that would tend to bring public disrespect, contempt or ridicule upon the University; (iii) a deliberate or serious violation of any Board Policy, Board Regulation, constitutional, or local, state, or federal law, which violation may, in the sole judgment of the Board, reflect adversely upon GSU; or (iv) prolonged absence from duty without the Board’s consent.
Termination by the Board for Cause. (1) The Superintendent's employment under this Agreement may be terminated by the Board for cause at any time prior to the expiration of its term or any extension thereof, after a hearing as provided herein below. Cause shall consist of conduct which, in the Board's sole determination, constitutes a breach of this Agreement, insubordination, immoral character, inefficiency, incompetence, neglect of duty, or dishonesty.
Termination by the Board for Cause. Executive's employment with the Company may be terminated for "CAUSE" by the Board. "CAUSE" shall mean (i) the willful failure by Executive to substantially perform his duties and continuance of such failure for more than 20 days after the Company notifies Executive in writing that he is failing to substantially perform his duties, PROVIDED that such writing shall set forth the facts and circumstances giving rise to such claim, (ii) Executive's engaging in serious misconduct (including, without limitation, any criminal, fraudulent or dishonest conduct) that is injurious to the Company or any of its affiliates or subsidiaries, (iii) Executive's conviction of, or entering a plea of NOLO CONTENDERE, to, any crime that constitutes a felony (exclusive of (x) traffic-related offenses, and (y) environmental, labor and other offenses related to the operation of the Business where Executive is adjudged to have acted in good faith in what he reasonably believed to be the best interest of the Company) or involves moral turpitude, or (iv) the breach by Executive of any written covenant or agreement with the Company or any of its affiliates not to disclose any information pertaining to the Company or any of its affiliates (except where such disclosure by Executive is made in good faith in what he reasonably believes to be the best interest of the Company) or not to compete or interfere with t he Company or any of its affiliates, including without limitation the covenants set forth in Sections 7, 8, 9 and 10 hereof.
Termination by the Board for Cause. For purposes of this Agreement, termination by the Board for “Cause” shall mean termination of the Chairman’s position by the Board for any of the following reasons: (a) material failure by the Chairman to perform his duties for the Board or for the Company’s Chief Executive Officer, which failure continues, in the reasonable judgment of the Board, after written notice to the Chairman by the Board; (b) misconduct materially and demonstrably injurious to the Company; (c) a conviction of a felony; (d) fraud or embezzlement of Company assets; or (e) a material breach of any of the terms of this Agreement including, but not limited to, a breach of the restrictions in Sections 9, 10 and 11 below. In the event termination under this subsection occurs, the Chairman shall not be entitled to any further payments under Section 5 of this Agreement following the effective date of his termination for Cause. In addition, the Chairman shall not be entitled to the retiree pension benefits described in Section 6 above, but shall only be entitled to amounts payable pursuant to the express terms of the Pension Plan and the Supplemental Benefits Plan.
