Termination for Good Cause by the Company Sample Clauses

Termination for Good Cause by the Company. The Company may terminate this Agreement immediately for “Good Cause” upon written notice to Executive, the date of which shall specify the effective date of the termination. For purposes of this Agreement, “Good Cause” shall mean:
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Termination for Good Cause by the Company. Upon written notice to the Executive, the Company may immediately terminate this Agreement for “Good Cause.” Good Cause shall include: (i) the Executive’s conviction of, or plea of nolo contendere or guilty to, any crime involving dishonesty, fraud or moral turpitude; (ii) the Executive’s gross negligence with respect to the performance of the duties of his Position; (iii) the Executive’s willful or serious misconduct, or willful or serious violation of Company policies; (iv) the Executive’s breach of trust or breach of fiduciary duty in the performance of the duties or responsibilities of his Position; (v) the Executive’s willful failure or refusal to comply with a reasonable directive of the Board; or (vi) the Executive’s breach of any term or provision of this Agreement. The last day of the Executive’s employment shall be referred to as the Termination Date. The Executive shall be entitled to Base Salary and Benefits earned and unpaid through to the Termination Date, and no other money, pay and benefits shall be owed or paid. Any and all stock options granted to the Executive, which have fully vested prior to the Termination Date, shall expire as set forth in the respective plan documents that granted the options.
Sample 1

Related to Termination for Good Cause by the Company

  • Termination for Cause by the Company If the Company shall terminate the Executive’s employment with the Company for Cause, then upon such termination, the Company shall have no further obligation to Executive hereunder except for the payment or provision, as applicable, of (i) the portion of the Annual Base Salary for the period prior to the effective date of termination earned but unpaid (if any), (ii) all unreimbursed expenses (if any), subject to Sections 2.4 and 5.10(c), and (iii) other payments, entitlements or benefits, if any, in accordance with terms of the applicable plans, programs, arrangements or other agreements of the Company (other than any severance plan or policy) as to which the Executive held rights to such payments, entitlements or benefits, whether as a participant, beneficiary or otherwise on the date of termination (“Other Benefits”). For the avoidance of doubt, Executive shall have no right to receive (and Other Benefits shall not include) any amounts under any Company severance plan or policy or pursuant to Article 3 or Article 4 upon Executive’s termination for Cause.

  • Termination by the Company for Good Cause The Company shall have the right to terminate the employment of the Executive for Good Cause (as such term is defined herein) by written notice to the Executive specifying the particulars of the circumstances forming the basis for such Good Cause.

  • Termination Without Cause by the Company The Company may terminate the employment of the Employee hereunder at any time during the Employment Period without “Cause” (such termination being hereinafter called a “Termination Without Cause”) by giving the Employee notice of such termination.

  • Termination by the Corporation for Cause The Corporation may, at any time, immediately terminate the Executive’s employment for Cause, by giving written notice setting forth the nature of the Cause. If the Executive’s employment is terminated by the Corporation for Cause, the Corporation shall pay to the Executive the amount of unpaid Annual Salary to and including the Date of Termination, any declared but unpaid Bonus, plus all outstanding expense reimbursements (in each case less applicable withholdings and deductions).

  • Termination by the Employee for Good Reason The Employee may terminate this Agreement at any time upon the occurrence of any of the following events (each a "Good Reason"), if such occurrence takes place without the express written consent of the Employee:

  • Termination by the Company Without Cause or by the Executive for Good Reason If (x) the Executive’s employment is terminated by the Company other than for Cause, death or Disability (i.e., without Cause) or (y) the Executive terminates employment with Good Reason, then the Executive shall be entitled to receive the following from the Company:

  • Without Cause by the Company The Company may terminate the Employment hereunder at any time without Cause upon 60-day prior written notice to the Executive. The Executive may terminate the Employment voluntarily for any reason or no reason at any time by giving 60-day prior written notice to the Company.

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