Common use of Termination for Justifiable Cause Clause in Contracts

Termination for Justifiable Cause. In addition to termination pursuant to Section 1.2, the Company, by written notice to Employee authorized by a majority of Directors other than Employee, may terminate Employee’s employment for “justifiable cause”, which shall mean any of the following events: (a) adjudication by a court of competent jurisdiction that Employee has committed an act of fraud or dishonesty resulting or intended to result, directly or indirectly, in personal enrichment at the expense of the Company; (b) an indictment of a felony (other than a motor vehicle related matter) involving moral turpitude; (c) repeated failure or refusal by Employee to follow written policies and directions reasonably established by the Board of Directors that go uncorrected for a period of thirty (30) consecutive days after written notice has been provided to Employee; or (d) persistent willful failure by Employee to fulfill his duties hereunder that goes uncorrected for a period of thirty (30) consecutive days after written notice has been provided Employee. In the event of 4.1 (c) and 4.1 (d), Employee will be receive 15 calendar days of notice, after which his employment will be terminated.

Appears in 5 contracts

Samples: Employment Agreement (Cytosorbents Corp), Employment Agreement (Cytosorbents Corp), Employment Agreement (Cytosorbents Corp)

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Termination for Justifiable Cause. In addition to termination pursuant to Section 1.2, the Company, by written notice to Employee authorized by a majority of Directors other than Employee, the BOD may terminate Employee’s employment for “justifiable cause”, which shall mean any of the following events: (a) adjudication by a court of competent jurisdiction that Employee has committed an act of fraud or dishonesty resulting or intended to result, directly or indirectly, in personal enrichment at the expense of the Company; (b) an indictment conviction of a felony (other than a motor vehicle related matter) involving moral turpitude; (c) repeated failure or refusal by Employee to follow written policies and directions reasonably established by the Board of Directors BOD that go uncorrected for a period of thirty (30) consecutive days after written notice has been provided to Employee; or (d) persistent willful failure by Employee to fulfill his duties hereunder that goes uncorrected for a period of thirty (30) consecutive days after written notice has been provided Employee. In the event of 4.1 (c) and 4.1 (d), Employee will be receive 15 calendar days of notice, after which his employment will be terminated.

Appears in 5 contracts

Samples: Employment Agreement (Cytosorbents Corp), Employment Agreement (Cytosorbents Corp), Employment Agreement (Cytosorbents Corp)

Termination for Justifiable Cause. In addition to termination pursuant to Section 1.2, the Company, by written notice to Employee authorized by a majority of Directors other than Employee, the CEO may terminate Employee’s 's employment for "justifiable cause", which shall mean any of the following events: (a) adjudication by a court of competent jurisdiction that Employee has committed an act of fraud or dishonesty resulting or intended to result, directly or indirectly, in personal enrichment at the expense of the Company; (b) an indictment of a felony (other than a motor vehicle related matter) involving moral turpitude; (c) repeated failure or refusal by Employee to follow written policies and directions reasonably established by the Board of Directors CEO that go uncorrected for a period of thirty (30) consecutive days after written notice has been provided to Employee; or (d) persistent willful failure by Employee to fulfill his duties hereunder that goes uncorrected for a period of thirty (30) consecutive days after written notice has been provided Employee. In the event of 4.1 (c) and 4.1 (d), Employee will be receive 15 calendar days of notice, after which his employment will be terminated.

Appears in 4 contracts

Samples: Employment Agreement (Gilder Enterprises Inc), Employment Agreement (Gilder Enterprises Inc), Employment Agreement (MedaSorb Technologies CORP)

Termination for Justifiable Cause. In addition to termination pursuant to Section 1.2, the Company, by written notice to Employee authorized by a majority of Directors other than Employee, the BOD may terminate Employee’s employment for “justifiable cause”, which shall mean any of the following events: (a) adjudication by a court of competent jurisdiction that Employee has committed an act of fraud or dishonesty resulting or intended to result, directly or indirectly, in personal enrichment at the expense of the Company; (b) an indictment a conviction of a felony (other than a motor vehicle related matter) involving moral turpitude; (c) repeated failure or refusal by Employee to follow written policies and directions reasonably established by the Board of Directors BOD that go uncorrected for a period of thirty (30) consecutive days after written notice has been provided to Employee; or (d) persistent willful failure by Employee to fulfill his duties hereunder that goes uncorrected for a period of thirty (30) consecutive days after written notice has been provided Employee. In the event of 4.1 (c) and 4.1 (d), Employee will be receive 15 calendar days of notice, after which his employment will be terminated.

Appears in 3 contracts

Samples: Employment Agreement (Cytosorbents Corp), Employment Agreement (MedaSorb Technologies CORP), Employment Agreement (MedaSorb Technologies CORP)

Termination for Justifiable Cause. In addition to termination pursuant to Section 1.2, the Company, by written notice to Employee authorized by a majority of Directors the Managers other than Employee, may terminate Employee’s 's employment for "justifiable cause", which shall mean any of the following events: (a) adjudication by a court of competent jurisdiction that Employee has committed an act of fraud or dishonesty resulting or intended to result, directly or indirectly, in personal enrichment at the expense of the Company; (b) an indictment of a felony (other than a motor vehicle related matter) involving moral turpitude; (c) repeated failure or refusal by Employee to follow written policies and directions reasonably established by the Board of Directors Managers that go uncorrected for a period of thirty (30) consecutive days after written notice has been provided to Employee; or (d) persistent willful failure by Employee to fulfill his duties hereunder that goes uncorrected for a period of thirty (30) consecutive days after written notice has been provided Employee. In the event of 4.1 (c) and 4.1 (d), Employee will be receive 15 calendar days of notice, after which his employment will be terminated.

Appears in 2 contracts

Samples: Employment Agreement (MedaSorb Technologies CORP), Employment Agreement (Gilder Enterprises Inc)

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Termination for Justifiable Cause. In addition to termination pursuant to Section 1.2, the Company, by written notice to Employee authorized by a majority of Directors other than Employee, the CEO may terminate Employee’s employment for “justifiable cause”, which shall mean any of the following events: (a) adjudication by a court of competent jurisdiction that Employee has committed an act of fraud or dishonesty resulting or intended to result, directly or indirectly, in personal enrichment at the expense of the Company; (b) an indictment of a felony (other than a motor vehicle related matter) involving moral turpitude; (c) repeated failure or refusal by Employee to follow written policies and directions reasonably established by the Board of Directors CEO that go uncorrected for a period of thirty (30) consecutive days after written notice has been provided to Employee; or (d) persistent willful failure by Employee to fulfill his duties hereunder that goes uncorrected for a period of thirty (30) consecutive days after written notice has been provided Employee. Employee by the CEO In the event of 4.1 (c) and or 4.1 (d), Employee will be receive 15 calendar days of notice, after which his employment will be terminated.

Appears in 2 contracts

Samples: Employment Agreement (MedaSorb Technologies CORP), Employment Agreement (MedaSorb Technologies CORP)

Termination for Justifiable Cause. In addition to termination pursuant to Section 1.2, the Company, by written notice to Employee authorized by a majority of the Directors other than Employee, may terminate Employee’s 's employment for "justifiable cause", which shall mean any of the following events: (a) adjudication by a court of competent jurisdiction that Employee has committed an act of fraud or dishonesty resulting or intended to result, directly or indirectly, in personal enrichment at the expense of the Company; (b) an indictment of a felony (other than a motor vehicle related matter) involving moral turpitude; (c) repeated failure or refusal by Employee to follow written policies and directions reasonably established by the Board of Directors that go uncorrected for a period of thirty (30) consecutive days after written notice has been provided to Employee; or (d) persistent willful failure by Employee to fulfill his duties hereunder that goes uncorrected for a period of thirty (30) consecutive days after written notice has been provided Employee. ., In the event of 4.1 (c) and or 4.1 (d), Employee will be receive 15 calendar days of notice, after which his employment will be terminatedterminate.

Appears in 1 contract

Samples: Employment Agreement (MedaSorb Technologies CORP)

Termination for Justifiable Cause. In addition to termination pursuant to Section 1.2, the Company, by written notice to Employee authorized by a majority of the Directors other than Employee, may terminate Employee’s 's employment for "justifiable cause", which shall mean any of the following events: (a) adjudication by a court of competent jurisdiction that Employee has committed an act of fraud or dishonesty resulting or intended to result, directly or indirectly, in personal enrichment at the expense of the Company; (b) an indictment of a felony (other than a motor vehicle related matter) involving moral turpitude; (c) repeated failure or refusal by Employee to follow written policies and directions reasonably established by the Board of Directors that go uncorrected for a period of thirty (30) consecutive days after written notice has been provided to Employee; or (d) persistent d)persistent willful failure by Employee to fulfill his duties hereunder that goes uncorrected for a period of thirty (30) consecutive days after written notice has been provided Employee. In the event of 4.1 (c) and 4.1 (d), Employee will be receive 15 calendar days of notice, after which his employment will be terminated.

Appears in 1 contract

Samples: Employment Agreement (MedaSorb Technologies CORP)

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