Common use of Termination by the Company for Good Cause Clause in Contracts

Termination by the Company for Good Cause. The Company may terminate Executive’s employment upon ten (10) days prior written notice to Executive for “Good Cause,” which shall mean any one or more of the following: (A) Executive’s willful and material breach of this Agreement which has not been cured by the Executive within thirty (30) days following written notice of such breach from the Company; (B) Executive’s gross negligence in the performance or intentional nonperformance (continuing for thirty (30) days after receipt of written notice of need to cure) of any of Executive’s material duties and responsibilities hereunder; (C) Executive’s willful dishonesty, fraud, or misconduct with respect to the business or affairs of the Company, which materially and adversely affects the operations or reputation of the Company; (D) Executive’s conviction of a felony crime involving dishonesty or moral turpitude; or (E) a confirmed positive illegal drug test result. In the event of a termination by the Company for Good Cause, Executive shall have no right to any severance compensation.

Appears in 5 contracts

Samples: Employment Agreement (Schmitt Industries Inc), Employment Agreement (Schmitt Industries Inc), Employment Agreement (Schmitt Industries Inc)

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Termination by the Company for Good Cause. The Company may terminate Executive’s 's employment upon ten (10) days prior written notice to Executive for "Good Cause," which shall mean any one or more of the following: (A) Executive’s willful 's willful, material, and material irreparable breach of this Agreement which has not been cured by the Executive within thirty (30) days following written notice of such breach from the CompanyAgreement; (B) Executive’s 's gross negligence in the performance or intentional nonperformance (continuing for thirty (30) days after receipt of written notice of need to cure) of any of Executive’s 's material duties and responsibilities hereunder; (C) Executive’s 's willful dishonesty, fraud, or misconduct with respect to the business or affairs of the Company, which materially and adversely affects the operations or reputation of the Company; (D) Executive’s 's indictment for, conviction of of, or guilty plea to a felony crime involving dishonesty or moral turpitudeturpitude whether or not relating to the Company; or (E) a confirmed positive illegal drug test result. In the event of a termination by the Company for Good Cause, Executive shall have no right to any severance compensation.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Synaptics Inc), Control Severance Agreement (Synaptics Inc)

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Termination by the Company for Good Cause. The Company may terminate Executive’s 's employment upon ten (10) days prior written notice to Executive for "Good Cause," which shall mean any one or more of the following: (A) Executive’s 's willful and material breach of this Agreement which has not been cured by the Executive within thirty (30) days following written notice of such breach from the Company; (B) 8) Executive’s 's gross negligence in the performance or intentional nonperformance (continuing for thirty (30) days after receipt of written notice of need to cure) of any of Executive’s 's material duties and responsibilities hereunder; (C) Executive’s 's willful dishonesty, fraud, or misconduct with respect to the business or affairs of the Company, which materially and adversely affects the operations or reputation of the Company; (D) Executive’s 's conviction of a felony crime involving dishonesty or moral turpitude; or (E) a confirmed positive illegal drug test result. In the event of a termination by the Company for Good Cause, Executive shall have no right to any severance compensation.

Appears in 1 contract

Samples: Employment Agreement (Schmitt Industries Inc)

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