Termination for Due Cause. The Employment Period may be terminated for Due Cause only for the following reasons and upon the terms and conditions set forth in this Section 3.2. The Company, by a vote of a majority of the Board of Directors (a “Termination Vote”) may terminate the Employment Period, effective upon written notice of such termination to Executive, such notice made pursuant to Section 7 herein, in the event of (i) a material breach by Executive of his fiduciary duty or duty of loyalty to Company or of his covenants under this Agreement if such material breach is not remedied within fifteen (15) calendar days following written notice by the Company; (ii) the failure of Executive to comply with any material term of this Agreement which materially adversely affects the Company; (iii) commission by Executive of theft or embezzlement of property of the Company or other acts of dishonesty of a material nature and/or commission by Executive of a crime resulting in a material injury to the businesses, properties or reputations of the Company or any of its affiliates; (iv) commission of an act by Executive in the performance of his duties hereunder reasonably determined by a majority of the board of directors of the Company to constitute gross, willful or wanton negligence; (v) willful refusal to perform or substantial neglect of the duties assigned to Executive pursuant to Section 1 of this Agreement if such refusal or neglect is not remedied within fifteen (15) calendar days following written notice by the Company; or (vi) any significant violation of any statutory or common law duty of loyalty to the Company or its affiliates. All compensation paid to Executive shall immediately cease upon termination for Due Cause hereunder except accrued and unpaid compensation and all unvested Stock Options shall immediately expire.
Termination for Due Cause. Notwithstanding anything else in this Agreement, if the Participant engages in conduct that constitutes Due Cause at any time during the Participant’s employment or other association or thereafter, the Option shall immediately terminate, and the Participant shall immediately and irrevocably:
Termination for Due Cause. UTHSCT may immediately terminate this Agreement for due cause by providing written notice to RESIDENT that the Agreement is terminated. The parties acknowledge and agree that for purposes of this Agreement, the term “due cause” shall be as defined in the Resident Handbook. RESIDENT acknowledges and agrees that the termination procedures specified in the Resident Handbook shall apply to such terminations.
Termination for Due Cause. The Employment Period may be terminated by the Company for “Due Cause”, meaning any of the following:
Termination for Due Cause. A Termination for Due Cause will occur in the event that Executive’s employment with the Corporation shall terminate on account of:
Termination for Due Cause. The Employment Period may only be terminated by the Company for Due Cause. The Company, by a vote of a majority of the Board of Directors (a “Termination Vote”) may terminate the Employment Period for Due Cause, effective upon written notice of such termination to Executive, in the event of Due Cause as defined by (i) a material breach by Executive of his covenants under this Agreement if such material breach is not remedied within sixty (60) calendar days following written notice by the Company; (ii) conviction in a court of law by Executive of theft or embezzlement of property of the Company and/or conviction by Executive of a felony crime resulting in a material injury to the businesses, properties of the Company or any of its affiliates; All compensation paid to Executive shall immediately cease upon termination for Due Cause hereunder except accrued and unpaid compensation and all unvested Stock Options shall immediately expire.
Termination for Due Cause. In the event that Xx. Xxxxx is terminated for Due Cause he will not be entitled to any severance payment and Frontier will have all of the rights and remedies available to it at law and in equity.
Termination for Due Cause. The Company or the Executive shall have the right to terminate Executive's services under this Agreement at any time for "due cause," as herein defined, upon giving written notice to the other party setting out the reasons for such termination, such termination to be effective upon the date of delivery of such notice. Termination for "due cause" hereunder shall mean:
Termination for Due Cause. The Company may only terminate the Employment Period for Due Cause. The Company, by a vote of a majority of the Board of Directors (a “Termination Vote”) may terminate the Employment Period for Due Cause, effective upon written notice of such termination to Executive only in the event of Due Cause as defined by (i) the dissolving, recession or bankruptcy of the LLC;
Termination for Due Cause. In the event that Mx. Xxxxxxx is terminated for Due Cause he will not be entitled to any severance payment, and the Company will have all of the rights and remedies available to it at law and in equity. In such a case, subject to the Company’s rights and remedies, including, without limitation, those of set-off, Mx. Xxxxxxx will be paid accrued base salary and vacation through the date of such termination and, for the period that he was employed by the Company during the fiscal year of termination, a bonus to the extent that such bonus has already been earned by Mx. Xxxxxxx due to the achievement of specific metrics and is determinable as of the date of termination. Payments under this Section 7 shall become payable as of the date of Mx. Xxxxxxx’x termination for Due Cause, subject to the provisions of Section 9 below.
