Common use of Termination by the Company with or without Cause Clause in Contracts

Termination by the Company with or without Cause. The Company may terminate the Executive’s employment at any time, with or without Cause. Termination of the Executive’s employment hereunder shall be effective upon delivery of written notice of such termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive’s failure (except where due to sickness or other Disability), neglect or refusal to perform his duties hereunder which failure, neglect or refusal shall not have been corrected by the Executive within 10 days of receipt by the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall with reasonable specificity set forth the nature of said failure, neglect or refusal; (ii) any willful or intentional act of the Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respect; (iii) public or consistent drunkenness by the Executive or his illegal use of narcotics which is, or could reasonably be expected to become, materially injurious to the reputation or business of the Company or which impairs, or could reasonably be expected to impair, the performance of the Executive’s duties hereunder; (iv) conviction of, or plea of guilty or nolo contendere to, the commission of a felony by the Executive; (v) the commission by the Executive of an act of fraud or embezzlement against the Company; or (vi) the Executive’s breach of any of the covenants provided in Section 7 hereof.

Appears in 9 contracts

Samples: Employment Agreement (Eon Labs Inc), Employment Agreement (Eon Labs Inc), Employment Agreement (Eon Labs Inc)

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Termination by the Company with or without Cause. The Company may terminate the Executive’s 's employment at any time, with or without Cause. Termination of the Executive’s 's employment hereunder shall be effective upon delivery of written notice of such termination. For purposes of this Agreement, "Cause" shall mean: (i) the Executive’s failure 's failure, neglect or refusal (except where due to sickness or other a Disability), neglect or refusal ) to perform his duties hereunder which failure, neglect or refusal shall not have been corrected by the Executive within 10 business days of receipt by the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall with reasonable specificity set forth the nature of said failure, neglect or refusal; (ii) any willful or intentional act of the Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respect; (iii) public the Executive's use of illegal drugs or consistent repeated drunkenness by the Executive or his illegal use of narcotics which is, or could reasonably be expected to become, materially injurious to the reputation or business of the on Company or which impairs, or could reasonably be expected to impair, the performance of the Executive’s duties hereunderproperty; (iv) conviction of, or plea of guilty or nolo contendere NOLO CONTENDERE to, the commission of a felony by the Executive; (v) the commission by the Executive of an act of fraud or embezzlement against the Company; or (vi) the Executive’s 's breach of any of the covenants provided in Section 7 hereof.

Appears in 4 contracts

Samples: Employment Agreement (Medical Staffing Network Holdings Inc), Employment Agreement (Medical Staffing Network Holdings Inc), Employment Agreement (Medical Staffing Network Holdings Inc)

Termination by the Company with or without Cause. The Company may terminate the Executive’s employment at any time, with or without Cause. Termination of the Executive’s employment hereunder shall be effective upon delivery of written notice of such termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive’s failure failure, neglect or refusal (except where due to sickness or other a Disability), neglect or refusal ) to perform his duties hereunder which failure, neglect or refusal shall not have been corrected by the Executive within 10 business days of receipt by the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall with reasonable specificity set forth the nature of said failure, neglect or refusal; (ii) any willful or intentional act of the Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respect; (iii) public the Executive’s use of illegal drugs or consistent repeated drunkenness by the Executive or his illegal use of narcotics which is, or could reasonably be expected to become, materially injurious to the reputation or business of the on Company or which impairs, or could reasonably be expected to impair, the performance of the Executive’s duties hereunderproperty; (iv) conviction of, or plea of guilty or nolo contendere to, the commission of a felony by the Executive; (v) the commission by the Executive of an act of fraud or embezzlement against the Company; or (vi) the Executive’s material breach of any of the covenants provided in Section 7 hereof.

Appears in 2 contracts

Samples: Employment Agreement (Medical Staffing Network Holdings Inc), Employment Agreement (Medical Staffing Network Holdings Inc)

Termination by the Company with or without Cause. The Company may terminate the Executive’s 's employment at any time, with or without Cause. Termination of the Executive’s 's employment hereunder shall be effective upon delivery of written notice of such termination. For purposes of this Agreement, "Cause" shall mean: (i) the Executive’s 's failure (except where due to sickness or other Disability), neglect or refusal to perform his duties hereunder which failure, neglect or refusal shall not have been corrected by the Executive within 10 days of receipt by the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall with reasonable specificity set forth the nature of said failure, neglect or refusal; (ii) any willful or intentional act of the Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respect; (iii) public or consistent drunkenness by the Executive or his illegal use of narcotics which is, or could reasonably be expected to become, materially injurious to the reputation or business of the Company or which impairs, or could reasonably be expected to impair, the performance of the Executive’s 's duties hereunder; (iv) conviction of, or plea of guilty or nolo contendere NOLO CONTENDERE to, the commission of a felony by the Executive; (v) the commission by the Executive of an act of fraud or embezzlement against the Company; or (vi) the Executive’s 's breach of any of the covenants provided in Section 7 hereof.

Appears in 2 contracts

Samples: Employment Agreement (Eon Labs Inc), Employment Agreement (Eon Labs Inc)

Termination by the Company with or without Cause. The Company may terminate the Executive’s employment at any time, with or without Cause. Termination of the Executive’s employment hereunder shall be effective upon delivery of written notice of such termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive’s failure failure, neglect or refusal (except where due to sickness or other a Disability), neglect or refusal ) to perform his duties hereunder which failure, neglect or refusal shall not have been corrected by the Executive within 10 business days of receipt by the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall with reasonable specificity set forth the nature of said failure, neglect or refusal; (ii) any willful or intentional act of the Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respect; (iii) public the Executive’s use of illegal drugs or consistent repeated drunkenness by the Executive or his illegal use of narcotics which is, or could reasonably be expected to become, materially injurious to the reputation or business of the on Company or which impairs, or could reasonably be expected to impair, the performance of the Executive’s duties hereunderproperty; (iv) conviction of, or plea of guilty or nolo contendere to, the commission of a felony by the Executive; (v) the commission by the Executive of an act of fraud or embezzlement against the Company; or (vi) the Executive’s breach of any of the covenants provided in Section 7 hereof.

Appears in 2 contracts

Samples: Employment Agreement (Medical Staffing Network Holdings Inc), Employment Agreement (Medical Staffing Network Holdings Inc)

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Termination by the Company with or without Cause. The Company may terminate the Executive’s Employee's employment at any time, hereunder with or without Cause at any time after the Company provides thirty (30) days' written notice (or a shorter period of time, to be determined in good faith by the Board to be essential to prevent serious damage to the Company) to the Employee to such effect. The term "Cause. Termination " shall mean any of the Executive’s employment hereunder shall be effective upon delivery of written notice of such termination. For purposes of this Agreement, “Cause” shall meanfollowing: (i) the Executive’s failure (except where due to sickness willful malfeasance or other Disability), neglect or refusal to perform his duties hereunder which failure, neglect or refusal shall not have been corrected willful misconduct by the Executive within 10 days of receipt by Employee in connection with the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall with reasonable specificity set forth the nature of said failure, neglect or refusalEmployee's employment; (ii) the Employee's gross negligence in performing any willful or intentional act of the Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respectEmployee's duties under this Agreement; (iii) public or consistent drunkenness by the Executive or his illegal use of narcotics which isEmployee's conviction of, or could reasonably be expected to become, materially injurious to the reputation or business entry of the Company or which impairsa plea of guilty to, or could reasonably be expected entry of a plea of nolo contendere with respect to impair, the performance of the Executive’s duties hereunderany crime other than a traffic violation or infraction which is a misdemeanor; (iv) conviction ofthe Employee's willful and continuing breach of any written policy applicable to all employees adopted by the Company concerning conflicts of interest, political contributions, standards of business conduct or fair employment practices, procedures with respect to compliance with securities laws or any similar matters, or plea adopted pursuant to the requirements of guilty any government contract or nolo contendere to, the commission of a felony by the Executiveregulation; or (v) the commission any other material breach by the Executive Employee of an act this Agreement after the Company provides written notification to employee of fraud or embezzlement against such breach and the Company; or (vi) Employee fails within 5 days of receipt of such notification to cure the Executive’s breach of any of the covenants provided in Section 7 hereofcircumstances which gave rise to such breach.

Appears in 1 contract

Samples: Employment Agreement (Illinois Superconductor Corporation)

Termination by the Company with or without Cause. The Company may terminate the Executive’s 's employment at any time, with or without Cause. Termination of the Executive’s 's employment hereunder shall be effective upon delivery of written notice of such termination. For purposes of this Agreement, "Cause" shall mean: (i) the Executive’s 's failure (except where due to sickness or other Disability), neglect or refusal to perform his duties hereunder which failure, neglect or refusal shall not have been corrected by the Executive within 10 days of receipt by the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall with reasonable specificity set forth the nature of said failure, neglect or refusal; (ii) any willful or intentional act of the Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respect; (iii) public or consistent drunkenness by the Executive or his illegal use of narcotics which is, or could reasonably be expected to become, materially injurious to the reputation or business of the Company or which impairs, or could reasonably be expected to impair, the performance of the Executive’s 's duties hereunder; (iv) conviction of, or plea of guilty or nolo contendere to, the commission of a felony by the Executive; (v) the commission by the Executive of an act of fraud or embezzlement against the Company; or (vi) the Executive’s 's breach of any of the covenants provided in Section 7 hereof.

Appears in 1 contract

Samples: Employment Agreement (Eon Labs Inc)

Termination by the Company with or without Cause. The Company may terminate the Executive’s employment at any time, with or without Cause. Termination of the Executive’s employment hereunder shall be effective upon delivery of written notice of such termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive’s failure (except where due to sickness or other Disability), neglect or refusal to perform his her duties hereunder which failure, neglect or refusal shall not have been corrected by the Executive within 10 days of receipt by the Executive of written notice from the Company of such failure, neglect or refusal, which notice shall with reasonable specificity set forth the nature of said failure, neglect or refusal; (ii) any willful or intentional act of the Executive that has the effect of injuring the reputation or business of the Company or its affiliates in any material respect; (iii) public or consistent drunkenness by the Executive or his her illegal use of narcotics which is, or could reasonably be expected to become, materially injurious to the reputation or business of the Company or which impairs, or could reasonably be expected to impair, the performance of the Executive’s duties hereunder; (iv) conviction of, or plea of guilty or nolo contendere to, the commission of a felony by the Executive; (v) the commission by the Executive of an act of fraud or embezzlement against the Company; or (vi) the Executive’s breach of any of the covenants provided in Section 7 hereof.

Appears in 1 contract

Samples: Employment Agreement (Eon Labs Inc)

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