Termination of Employee for Cause. The Employer shall have the right to terminate Employee's employment at any time for "cause." Prior to such termination, the Employer shall provide Employee with written notification of any and all allegations constituting "cause" and the Employee shall be given five (5) working days after receipt of such written notification to respond to those allegations in writing. Upon receipt of the Employee's response, the Employer shall meet with the Employee to discuss the allegations. For purposes hereof, "cause" shall mean (i) an act or acts of personal dishonesty taken by the Employee and intended to result in personal enrichment of the Employee, (ii) material violations by the Employee of the Employee's obligations or duties under, or any terms of, this Agreement, which are not remedied in a reasonable period (not to exceed ten (10) days) after receipt of written notice thereof from the Employer, (iii) any violation by the Employee of any of the provisions of Articles Three, or Four, or (iv) Employee being indicted or convicted (by trial, guilty or no contest plea or otherwise) of (a) a felony, (b) any other crime involving moral turpitude, or (c) any violation of law which would impair the ability of the Employer or any affiliate to obtain any license or authority to do any business deemed necessary or desirable for the conduct of its actual or proposed business.
Appears in 3 contracts
Samples: Employment Agreement (Richardson Electronics LTD/De), Employment Agreement (Richardson Electronics LTD/De), Employment Agreement (Richardson Electronics LTD/De)
Termination of Employee for Cause. The Employer shall have the right to terminate Employee's employment at any time for "cause." Prior to such termination, the Employer shall provide Employee with written notification of any and all allegations constituting "cause" and the Employee shall be given five (5) working days after receipt of such written notification to respond to those allegations in writing. Upon receipt of the Employee's response, the Employer shall meet with the Employee to discuss the allegations. For purposes hereof, "cause" shall mean (i) an act or acts of personal dishonesty taken by the Employee and intended to result in personal enrichment of the Employee, (ii) material violations by the Employee of the Employee's obligations or duties under, or any terms of, this Agreement, which are not remedied in a reasonable period (not to exceed ten (10) days) after receipt of written notice thereof from the Employer, (iii) any violation by the Employee of any of the provisions of Articles Three, Three or Four, or (iv) Employee being charged, indicted or convicted (by trial, guilty or no contest plea or otherwise) of (a) a felony, (b) any other crime involving moral turpitude, or (c) any violation of law which would impair the ability of the Employer or any affiliate to obtain any license or authority to do any business deemed necessary or desirable for the conduct of its actual or proposed business.
Appears in 3 contracts
Samples: Employment Agreement, Employment Agreement (Richardson Electronics LTD/De), Employment Agreement (Richardson Electronics LTD/De)
Termination of Employee for Cause. The Employer Company shall have the right to terminate Employee's ’s employment at any time for "“cause." ” Prior to such termination, the Employer Company shall provide Employee with written notification of any and all allegations constituting "“cause" ” and the Employee shall be given five (5) working days after receipt of such written notification to respond to those allegations in writing. Upon receipt of the Employee's ’s response, the Employer Company shall meet with the Employee to discuss the allegations. For purposes hereof, "“cause" ” shall mean (i) an act or acts of personal dishonesty taken by the Employee and intended to result in personal enrichment of the Employee, (ii) material violations by the Employee of the Employee's ’s obligations or duties under, or any terms of, this Agreement, which are not remedied in a reasonable period (not to exceed ten (10) days) after receipt of written notice thereof from the EmployerCompany, (iii) any violation by the Employee of any of the provisions of Articles Three, or FourFour or Section 7.07 or the last paragraph of Section 1.03, or (iviii) Employee being charged, indicted or convicted (by trial, guilty or no contest plea or otherwise) of (a) a felony, (b) any other crime involving moral turpitude, or (c) any violation of law which would impair the ability of the Employer Company or any affiliate to obtain any license or authority to do any business deemed necessary or desirable for the conduct of its actual or proposed business. Notwithstanding the foregoing Employee being charged, indicted or convicted of a felony or other crime under the Internal Revenue Code with respect to tax obligations for any period prior to the date hereof shall not be “cause” unless the same prevents him from carrying out his duties and obligations under this Agreement. Additionally, if the Employee is named, charged or indicted in any civil or criminal action that has been brought against the Company and not against the Employee individually and/or for alleged acts committed by Employee at the direction or advice of Company such action against the Employee shall not constitute “cause.”
Appears in 1 contract
Samples: Employment Agreement (Richardson Electronics LTD/De)
Termination of Employee for Cause. The Employer shall have the right to terminate Employee's ’s employment at any time for "“cause." ” Prior to such termination, the Employer shall provide Employee with written notification of any and all allegations constituting "“cause" ” and the Employee shall be given five (5) working days after receipt of such written notification to respond to those allegations in writing. Upon receipt of the Employee's ’s response, the Employer shall meet with the Employee to discuss the allegations. For purposes hereof, "“cause" ” shall mean (i) an act or acts of personal dishonesty taken by the Employee and intended to result in personal enrichment of the Employee, (ii) material violations by the Employee of the Employee's ’s obligations or duties under, or any terms of, this Agreement, which are not remedied in a reasonable period (not to exceed ten (10) days) after receipt of written notice thereof from the Employer, (iii) any violation by the Employee of any of the provisions of Articles Three, Three or Four, or (iv) Employee being charged, indicted or convicted (by trial, guilty or no contest plea or otherwise) of (a) a felony, (b) any other crime involving moral turpitude, or (c) any violation of law which would impair the ability of the Employer or any affiliate to obtain any license or authority to do any business deemed necessary or desirable for the conduct of its actual or proposed business.
Appears in 1 contract
Samples: Employment Agreement (Richardson Electronics LTD/De)
Termination of Employee for Cause. The Employer shall have the right to terminate Employee's employment at any time for "cause." Prior to such termination, the Employer shall provide Employee with written notification of any and all allegations constituting "cause" and the Employee shall be given five (5) working days after receipt of such written notification to respond to those allegations in writing. Upon receipt of the Employee's response, the Employer shall meet with the Employee to discuss the allegations. For purposes hereof, "cause" shall mean (i) an act or acts of personal dishonesty taken by the Employee and intended to result in personal enrichment of the Employee, (ii) material violations by the Employee of the Employee's obligations or duties under, or any terms of, this Agreement, which are not remedied in a reasonable period (not to exceed ten (10) days) after receipt of written notice thereof from the Employer, (iii) any violation by the Employee of any of the provisions of Articles Three, or Four, or (iv) Employee being indicted or convicted (by trial, guilty or no contest plea or otherwise) of (a) a felony, (b) any other crime involving moral turpitude, or (c) any violation of law which would impair the ability of the Employer or any affiliate to obtain any license or authority to do any business deemed necessary or desirable for the conduct of its actual or proposed business.
Appears in 1 contract
Samples: Employment Agreement (Richardson Electronics LTD/De)
Termination of Employee for Cause. The Employer shall have the right to terminate Employee's ’s employment at any time for "“cause." ” Prior to such termination, the Employer shall provide Employee with written notification of any and all allegations constituting "“cause" ” and the Employee shall be given five (5) working days after receipt of such written notification to respond to those allegations in writing. Upon receipt of the Employee's ’s response, the Employer shall meet with the Employee to discuss the allegations. For purposes hereof, "“cause" ” shall mean (i) an act or acts of personal dishonesty taken by the Employee and intended to result in personal enrichment of the Employee, (ii) material violations by the Employee of the Employee's ’s obligations or duties under, or any terms of, this ther Agreement, which are not remedied in a reasonable period (not to exceed ten (10) days) after receipt of written notice thereof from the Employer, (iii) any violation by the Employee of any of the provisions of Articles Three, Three or Four, or (iv) Employee being charged, indicted or convicted (by trial, guilty or no contest plea or otherwise) of (a) a felony, (b) any other crime involving moral turpitude, or (c) any violation of law which would impair the ability of the Employer or any affiliate to obtain any license or authority to do any business deemed necessary or desirable for the conduct of its actual or proposed business.
Appears in 1 contract
Samples: Employment Agreement (Richardson Electronics LTD/De)
Termination of Employee for Cause. The Employer shall have the right to terminate Employee's ’s employment at any time for "“cause." ” Prior to such termination, the Employer shall provide Employee with written notification of any and all allegations constituting "“cause" ” and the Employee shall be given five (5) working days after receipt of such written notification to respond to those allegations in writing. Upon receipt of the Employee's ’s response, the Employer shall meet with the Employee to discuss the allegations. For purposes hereof, "“cause" ” shall mean (i) an act or acts of personal dishonesty taken by the Employee and intended to result in personal enrichment of the Employee, (ii) material violations by the Employee of the Employee's ’s obligations or duties under, or any terms of, this Agreement, which are not remedied in a reasonable period (not to exceed ten (10) days) after receipt of written notice thereof from the Employer, (iii) any violation by the Employee of any of the provisions of Articles Three, or Four, or (iv) Employee being charged, indicted or convicted (by trial, guilty or no contest plea or otherwise) of (a) a felony, (b) any other crime involving moral turpitude, or (c) any violation of law which would impair the ability of the Employer or any affiliate to obtain any license or authority to do any business deemed necessary or desirable for the conduct of its actual or proposed business.
Appears in 1 contract
Samples: Employment Agreement (Richardson Electronics LTD/De)