Termination for Causes Clause Samples
Termination for Causes. In the event that Employee's employment hereunder is terminated pursuant to Section 7.2(b) (Termination For Cause), then Employee, as his sole and exclusive right and remedy at law, in equity or under this Agreement, shall be entitled to be paid, effective upon such termination, the amount of his base salary and other compensation that accrued through the Termination Date and no other compensation or payment whatsoever. All other compensation from and after such Termination For Cause (including without limitation any bonus payment) shall cause (except those benefits that must be continued pursuant to applicable law or by the terms of such benefit plans), and Employee shall not be entitled to any severance pay or other payment or compensation whatsoever upon such Termination For Cause. If the termination of Employee is later determined not to have been a Termination For Cause, then the termination shall be deemed to be a Termination Without Cause governed by the provisions of Section 8.1 above and Employee's sole remedy, at law, in equity or under this Agreement will be that set forth in Section 8.1.
Termination for Causes. Without affecting any other right or remedy available to each Party, a Party may terminate this Agreement with immediate effect by giving written notice to the other Party: if the other Party has committed a material or persistent breach of this Agreement and, in the case of a breach that can be cured, that breach is not cured within thirty days of its occurrence; if the other Party: (i) becomes insolvent,; (ii) is involved in receivership, bankruptcy, insolvency, debtor relief or similar Proceedings; and (iii) in the case of the Company only, the Company makes any assignment of the Assets for the benefit of creditors, or fails to satisfy (or cause to be satisfied or waived) the Conditions Precedent to Closing in accordance with the Clause [●] [A Party may terminate this Agreement in its entirety or, if applicable, on a Product-by-Product basis in the event of the Product Failure. ]
Termination for Causes. If the Executive is terminated for cause, ------------------------- I.e., for the willfull breach of duly by the Executive in the course of his employment: the habitual neglect by Executive of his employment duties; the Executive's deliberate violation of any State Of California or Federal banking laws, or of the ByLaws, rules, policies or resolutions of the Corporation, or of the rules or regulations of the California Superintendent of State Banks or Federal Deposit Insurance Corporation or other regulator agency or governmental authority having jurisdiction over the Executive; the determination by a state or federal banking agency or governmental authority having jurisdiction over the Corporation that executive is not suitable to act in the capacity for which he is employed by the Corporation; the Executive is convicted of any felony or a crime involving moral iupitude or a fraudulent or dishonest act; or the Executive discloses without authority any secret or confidential information not otherwise publicly available concerning the Corporation or takes any action which the Corporation's Board of Directors determines, in good faith, fair dealing and reasonableness, continues unfair competition with r induces any customer to breach any contract with the Corporation, then the Executive shall be entitled to no benefits under this Agreement and no amount shall be paid the the Executive under this Agreement.
Termination for Causes. Termination Without Cause:
Termination for Causes. Either Party may terminate this Agreement upon thirty (30) days’ notice if any of the following events occur:
(a) Production of Production Ores at the Golden Chest Mine has not for any reason commenced by December 31, 2014.
(b) Production of Production Ores, once commenced, ceases for a continuous period of twelve (12) months.
(c) Gold Hill is unable to deliver Production Ores treatable economically at the NJ Mill because of characteristics that do not comport with the Ore Quality Standards or because of unforeseen adverse metallurgical characteristics. The Parties may also terminate this Agreement at any time upon mutual written consent.
Termination for Causes