Common use of Termination by the Employer with Cause Clause in Contracts

Termination by the Employer with Cause. For purposes of this -------------------------------------- Agreement, Cause is defined as (a) the Employee's theft, embezzlement or misappropriation or attempted theft, embezzlement or misappropriation of money or tangible or intangible assets or property of the Employer or its employees; (b) any act or acts of moral turpitude by the Employee materially injurious to the interest, property, operations, business or reputation of the Employer; (c) the Employee's conviction for a felony; (d) willful misconduct in the performance of the duties of the Employee; (e) the Employee's willful neglect of his duties under this Agreement; (f) willful and knowing violation of any rules or regulations of any governmental or regulatory body, which is materially injurious to the financial condition of the Employer; or (g) Employee's failure to pass a drug test administered by the Employer and/or the failure to obtain, retain, suspension or revocation of the Employee's gaming license in the State of Illinois. Provided, however, that for purpose of determining whether any such cause is present, no act or failure to act by the Employee shall be considered "willful" if done or omitted to be done by the Employee in good faith and in the reasonable belief that such act or omission was in the best interest of the Employer and/or required by applicable law. Upon such termination, the Employer shall pay the Employee his unpaid base salary and any benefits that are due through the date of termination.

Appears in 3 contracts

Samples: Employment Agreement (Hammond Residential LLC), Employment Agreement (Hammond Residential LLC), Employment Agreement (Hammond Residential LLC)

AutoNDA by SimpleDocs

Termination by the Employer with Cause. For purposes of this -------------------------------------- Agreement, Cause is defined as (a) the Employee's theft, embezzlement or misappropriation or attempted theft, embezzlement or misappropriation of money or tangible or intangible assets or property of the Employer or its employees; (b) any act or acts of moral turpitude by the Employee materially injurious to the interest, property, operations, business or reputation of the Employer; (c) the Employee's conviction for a felony; (d) willful misconduct in the performance of the duties of the Employee; (e) the Employee's willful neglect of his duties under this Agreement; (f) willful and knowing violation of any rules or regulations of any governmental or regulatory body, which is materially injurious to the financial condition of the Employer; or (g) Employee's failure to pass a drug test administered by the Employer and/or the failure to obtain, retain, suspension or revocation of the Employee's gaming license in the State of IllinoisIndiana. Provided, however, that for purpose of determining whether any such cause is present, no act or failure to act by the Employee shall be considered "willful" if done or omitted to be done by the Employee in good faith and in the reasonable belief that such act or omission was in the best interest of the Employer and/or required by applicable law. Upon such termination, the Employer shall pay the Employee his unpaid base salary and any benefits that are due through the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Hammond Residential LLC)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.