Termination by the Employee for Cause. Material breach by the Corporation of any provision of this Agreement which is not cured by the Corporation within fifteen (15) days notice thereof from the Employee shall constitute cause; or

Termination by the Employee for Cause. Employee may terminate his employment immediately under this Agreement for “Cause”. “Cause” shall mean the Company: (i) knowingly breaching any material provision of this Agreement, which breach is not cured within seven (7) business days after Employee provides notice of the alleged breach to the Company; (ii) reducing the Employee’s Base Salary or substantially diminishing the Employee’s job position and duties as set out in this Agreement; (iii) permanently assigning Employee to work outside the State of North Carolina; or (iv) knowingly instructing Employee to violate any applicable law in carrying out Employee’s duties under this Agreement. In the event Employee terminates his employment for “Cause”, such termination shall be treated as a termination by the Company “Without Cause” pursuant to Section 7(c) above.

Termination by the Employee for Cause. The Employee may terminate his employment hereunder for cause. Only the following shall constitute "cause" for such termination: (i) failure of the Company to continue the Employee in his then current position during the term of this Agreement; (ii) a material change by the Company in the nature or scope of the Employee's responsibilities, title, authorities, powers, functions or duties from the responsibilities, title, authorities, powers, functions or duties normally exercised by an executive in the then current position in the Company, or (iii) a material breach by the Company of Section 3 hereof or of any other provision of this Agreement; which failure, change or breach continues for more than fifteen (15) days following written notice given by the Employee to the Company, such written notice to set forth in reasonable detail the nature of such failure, change or breach. In such event the Company shall continue to provide compensation and benefits in accordance with Sections 9(c)(i) and (ii).

Termination by the Employee for Cause. In the event that the Company defaults in any of its obligations to the Employee under this Agreement, and fails to cure such default within ten (10) days after receiving written notice thereof, the Employee may terminate employment and seek any relief which may be available to the Employee at law or in equity, including damages and/or injunctive relief as a result of such breach. The Employee agrees that the maximum amount payable by the Company to the Employee under this Section shall be limited to a sum equal to eighteen months of the Employee's salary.

Termination by the Employee for Cause. Employee may terminate his employment for "Cause" upon written notice to the Company. For purposes of this Section 4(c), "Cause" shall mean: a material breach of this Agreement by the Company, which breach is not cured within thirty (30) days following written notice to the Company of such breach.

Termination by the Employee for Cause. In the event the Employee's employment is terminated by the Company pursuant to Section 4.3 or 4.4 or is terminated by the Employee pursuant to Section 4.6 (each, a "Qualifying Termination"), the Company shall pay or provide to the Employee the compensation (including, without limitation, in lieu of the bonuses and payments provided for in Sections 3.2 and 3.5, (i) a pro rata portion of the Severance Bonus Amount (as defined below) for the calendar year in which such termination is effective determined by multiplying the Severance Bonus Amount by a fraction (the "Pro Rata Fraction"), the numerator of which shall be the number of days between the first day of the calendar year and the date on which the termination is effective and the denominator of which shall be 365, and (ii) in the event that the Qualifying Termination occurs prior to December 31, 1998 and the Additional Payment has not been paid to the Employee for the calendar year in which such Qualifying Termination occurs, $16,000) and benefits payable or provided to him under Section 3 through the last day of his actual employment by the Company; provided that the pro rata portion of the Severance Bonus Amount and the Additional Payment to which the Employee may be entitled pursuant to this Section 5.2(a) shall be paid to the Employee in installments during the six-month period commencing on the effective date of termination in the manner provided in Section 5.2(d).

Related to Termination by the Employee for Cause

Termination by the Employer for Cause If the Employer terminates this Agreement for cause, the Executive will be entitled to receive his Salary only through the date such termination is effective, but will not be entitled to any Incentive Compensation for the Fiscal Year during which such termination occurs or any subsequent Fiscal Year.
Termination by the Employee for Good Reason The Employee shall have the right to terminate for “Good Reason” upon thirty (30) days’ prior written notice. For purposes of this Agreement, “Good Reason” shall mean (i) the Company’s material breach of its obligations under this Agreement, including, without limitation, its obligation to pay salary to the Employee, (ii) a material and adverse diminution in the Employee’s job duties, responsibilities or authority, (iii) a change in the location where the Employee is required to perform his duties and responsibilities which exceeds fifty (50) miles from the location specified in Section 5 hereof, or (iv) a material reduction in the Employee’s base salary, it being intended that an individual or aggregate reduction of more than 10% from the Employee’s prior base salary level shall be considered material for purposes of this Agreement. Employee may not resign Employee’s employment for Good Reason unless (A) Employee gives the Company written notice of his objection to any event set forth above within 30 days following such event, (B) such event is not corrected, in all material respects, by the Company within 30 days following its receipt of such notice, and (C) Employee resigns his employment with the Company not more than 30 days following the expiration of the 30-day correction period described in the foregoing subclause (B). In the event of a termination pursuant to this Section, in addition to any other payments or benefits to which the Employee may be entitled under the Company’s benefit plans then in effect, the Company shall pay to the Employee, (i) his base salary through the date of termination, and (ii) provided that the Employee executes within 21 days after termination of employment and does not revoke a general release of claims against the Company and its affiliates, equityholders officers, directors, agents and employees as to employment, benefits and compensation related claims, in a form acceptable to the Company, an amount equal to one times (1.0x) the sum of Employee’s (a) base salary as of the date of termination and (b) Bonus Amount, payable in a single lump sum within 30 days after the date of termination. In the event a severance payment is made under this Section 7.E., the Company will pay to Employee a monthly payment on the first payroll date of each month equal to the COBRA cost of continued health and dental coverage under health and dental plans of the Company pursuant to Section 4980B of the Internal Revenue Code, less the amount that Employee would be required to contribute for health and dental coverage if Employee were an active employee, for a period of twelve (12) months from the termination date; provided, however, that this obligation shall cease at the end of the Benefits Period. These payments will commence on the Company’s first payroll date after the termination date and will continue until the end of the Benefit Period. For the avoidance of doubt, in the event of a termination under this Section 7.E., the Employee shall not be entitled to any other payments under this Agreement except for the Accrued Obligations or as set forth in the immediately preceding sentence.
Termination by the Employee The Employee may terminate this Agreement at any time, for any reason or for no reason at all, by giving notice thereof to the Corporation at least thirty (30) days before the effective date of such termination. The Employment Period shall terminate as of the date of such termination of employment.
Voluntary Termination by the Employee The Employee may voluntarily terminate the Employee's status as employee for other than Good Reason.
Termination by the Employer The Employer may terminate the Employment Period (i) immediately upon the delivery of a Notice of Termination (as defined in Section 4.01(d) of this Agreement) by the Employer to the Executive setting forth the facts that indicate that a determination has been made that the Executive has a Disability in accordance with Section 4.02 of this Agreement; (ii) immediately upon delivery of a Notice of Termination by the Employer to the Executive setting forth the facts that indicate that an event constituting Cause (as defined in Section 4.03 of this Agreement) has occurred, or on such later date as may be set forth in such Notice of Termination; or (iii) at any time without Cause effective as of the 30th day following the delivery of a Notice of Termination by the Employer to the Executive, or on such later date as may be set forth in such Notice of Termination.
Termination by the Employer Without Cause Subject to the payment of Termination Benefits pursuant to Section 7(b), the Executive’s employment under this Agreement may be terminated by the Employer without Cause upon no less than sixty (60) days prior written notice to the Executive.
Termination by the Executive for Good Reason The Executive shall have the right to terminate this Agreement for Good Reason. For purposes of this Agreement, “Good Reason” shall mean the occurrence, without the Executive’s express written consent, of any one or more of the following events:
Voluntary Termination by the Executive The Executive may voluntarily terminate his employment with the Company at any time prior to the expiration of the term of this Agreement. Such termination shall constitute a voluntary termination and, in such event, the Executive shall be limited to the same rights and benefits as applicable to the termination for Cause, as described in Section 10(c) above.
Termination by the Company for Cause or by the Executive without Good Reason The Company may terminate the Executive’s employment pursuant to the terms of this Agreement at any time for Cause (as defined below) by giving the Executive written notice of termination. Such termination shall become effective upon the giving of such notice. Upon any such termination for Cause, or in the event the Executive terminates his employment with the Company without Good Reason (as defined in Section 6(c)), then the Executive shall have no right to compensation, or reimbursement under Section 4, or to participate in any Executive benefit programs under Section 5, except as may otherwise be provided for by law, for any period subsequent to the effective date of termination. For purposes of this Agreement, “Cause” shall mean: (i) the Executive is convicted of, or pleads guilty or nolo contendere to, a felony related to the business of the Company; (ii) the Executive, in carrying out his duties hereunder, has acted with gross negligence or intentional misconduct resulting, in any case, in material harm to the Company; (iii) the Executive misappropriates Company funds or otherwise defrauds the Company including a material amount of money or property; (iv) the Executive breaches his fiduciary duty to the Company resulting in material profit to him, directly or indirectly; (v) the Executive materially breaches any agreement with the Company and fails to cure such breach within 10 days of receipt of notice, unless the act is incapable of being cured; (vi) the Executive breaches any provision of Section 8 or Section 9; (vii) the Executive becomes subject to a preliminary or permanent injunction issued by a United States District Court enjoining the Executive from violating any securities law administered or regulated by the SEC; (viii) the Executive becomes subject to a cease and desist order or other order issued by the SEC after an opportunity for a hearing; (ix) the Executive refuses to carry out a resolution adopted by the Company’s Board at a meeting in which the Executive was offered a reasonable opportunity to argue that the resolution should not be adopted; or (x) the Executive abuses alcohol or drugs in a manner that interferes with the successful performance of his duties.
Termination by the Executive The Executive may terminate employment hereunder at any time for any reason, including but not limited to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive’s consent (each, a “Good Reason Condition”):

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