Common use of Termination by the Executive for Cause Clause in Contracts

Termination by the Executive for Cause. The Executive may terminate employment for Cause immediately upon written notice stating the basis for such termination. "Cause" for termination of employment by the Executive shall only be deemed to exist if the Company has breached this Agreement and if such breach continues or recurs more than thirty (30) days after notice from the Executive specifying the action which constitutes the breach and demanding its discontinuance, or if the Company is engaged in unlawful activity or requests the Executive to engage in unlawful activity.

Termination by the Executive for Cause. The Executive may terminate employment for Cause immediately upon written notice stating the basis for such termination. "Cause" for termination of employment by the Executive shall only be deemed to exist if the Company has breached this Agreement and if such breach continues or recurs more than thirty (30) days after notice from the Executive specifying the action which constitutes the breach and demanding its discontinuance, or if the Company is engaged in unlawful activity or requests the Executive to engage in unlawful activity.

Termination by the Executive for Cause. The Executive may terminate employment for Cause immediately upon written notice stating the basis for such termination. "Cause" for termination of employment by the Executive shall only be deemed to exist if (i) Company reduces title of Executive, (ii) Company requires Executive to relocate to Boulder, or (iii) the Company has breached this Agreement and if such breach continues or recurs more than thirty (30) days after notice from the Executive specifying the action which constitutes the breach and demanding its discontinuance, or if the Company is engaged in unlawful activity or requests the Executive to engage in unlawful activity.