Termination of Employment for Good Cause Sample Clauses

Termination of Employment for Good Cause. The Company may terminate the employment of Employee for "good cause" by giving written notice thereof to Employee. For the purposes of this Agreement, "good cause" shall mean only Employee's (i) drug, alcohol or other substance abuse during regular business hours or to such extent as to materially affect the performance of Employee's duties hereunder, (ii) commission of a crime directly related to Employee's employment hereunder, (iii) conviction of a felony involving moral turpitude, (iv) negligence, gross mismanagement or willful misconduct in the management of the business and affairs of the Company or failure to perform such duties as may reasonably be directed by the Board of Directors and as may be reasonably consistent with the duties and obligations of Employee's office, or (v) breach of any material provision of this Agreement. In the event the employment of the Employee is terminated pursuant to this Paragraph 5, the Company shall have no further liability to Employee other than for compensation earned but not yet paid. In the event the Company contends that it had good cause to terminate the employment of Employee pursuant to clause (i), (ii) or (iii) of this Paragraph 5, the Company shall specify in said written notice the effective date of termination of Employee's employment, which date may, in the Company's sole discretion, be the date of such notice. In the event the Company contends that it has good cause to terminate the employment of Employee pursuant to clause (iv) or (v) of this Paragraph 5, the Company shall set forth in said written notice reasonable details of Employee's acts or conduct which the Company alleges constitutes a willful and gross mismanagement of business and affairs of the Company or a breach of material provision of this Agreement, as the case may be. The written notice shall also specify what, if anything, Employee could do to cure or eliminate the alleged "good cause" for termination if the matter is susceptible of cure. If Employee performs the required services or modifies Employee's performance to correct the matters complained of within sixty (60) days of receipt of the notice, Employee's breach will be deemed cured. However, if the nature of the matters complained of are such that more than sixty (60) days are reasonably required to correct the matters complained of, then Employee's breach will be deemed cured if Employee commences to correct such matters within the sixty (60) day period and thereafter dilige...
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Termination of Employment for Good Cause. (a) The Company may terminate the employment of Employee for "
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Termination of Employment for Good Cause. The Company may terminate the employment of Employee for "good cause" by giving written notice thereof to Employee. For the purposes of this Agreement, "good cause," shall mean only Employee's (i) commission of a crime directly related to his employment hereunder, (ii) conviction of a felony involving moral turpitude, or (iii) willful misconduct in the management of the business and affairs of the Company or habitual failure to perform such duties as may reasonably be directed by the Board and as may be reasonably consistent with the duties and obligations of Employee's office. in the event the employment of the Employee is terminated pursuant to this Paragraph 5, the Company shall have no further liability to Employee other than for compensation earned but not yet paid. In the event the Company contends that it had good cause to terminate the employment of Employee pursuant to clause (i), (ii) or (iii) of this Paragraph 5, the Company shall specify in said written notice the effective date of termination of Employee's employment.
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Termination of Employment for Good Cause. If the employment of either Xxxxx Xxxxxx or Xxxx Xxxxxx (as the case may be, a "Terminated Senior Manager") with the Company is terminated (A) by the Company for any of the specific reasons enumerated in Section 4.3(a) of their respective employment agreements (or, if no such agreement is then in effect, for "good cause" under applicable law) or (B) by the Terminated Senior Manager for any reason not constituting "constructive termination" as defined in Section 4.4(b) of such Terminated Senior Manager's employment agreement, then the Company shall have the option (but not the obligation) to purchase, within 90 days after the date of termination, and, if such option is exercised, such Terminated Senior Manager shall sell, all of the Stock then registered in such Terminated Senior Manager's name or held, in trust or otherwise, for his benefit at a price equal to the lesser of such Terminated Senior Manager's acquisition cost for such Stock or $1.00 per share, and upon the terms provided in Section 5(e) hereof; provided, however, that the provisions of this Section 5(c)(i) shall not apply to any shares of capital stock of the Company held by such Terminated Senior Manager on January 31, 1997 (or received as a distribution on or in respect of such shares after January 31, 1997 as the result of any recapitalization, stock split or similar event).
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Termination of Employment for Good Cause. (i) The Employer may terminate the employment of the Employee hereunder without notice for good cause (as defined below).
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Termination of Employment for Good Cause. If the employment of Xxxxx Xxxxxx (a "Terminated Senior Manager") with the Company is terminated by the Company for any of the specific reasons enumerated in the termination for "cause" provisions of Xxxxxx'x employment agreement (or, if no such agreement is then in effect, for "good cause" under applicable law), then the Company shall have the option (but not the obligation) to purchase, within ninety (90) days after the date of termination, and, if such option is exercised, such Terminated Senior Manager shall sell, all of the Stock then registered in such Terminated Senior Manager's name or held, in trust or otherwise, for his benefit at the price and upon the terms provided in Sections 5(d) and 5(e) hereof. The Company may assign its rights under this Section 5(b)(i).
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Termination of Employment for Good Cause. Flextronics may terminate Executive’s employment for Good Cause effective immediately and upon written notice to Executive, without prejudice to any other remedy to which Flextronics may be entitled at law, in equity or otherwise under this Agreement. For the purpose of this Agreement, “Good Cause” shall mean (i) a breach by Executive of this Agreement, including without limitation, a failure to provide written notice of his intent to engage in a Conflict of Interest Activity as defined in Section 5(a), a failure to refrain from engaging in a Conflict of Interest Activity, or a breach of paragraphs 10, 11, 12 or 13 of this Agreement and/or any existing Confidential Information and Inventions Agreement between Flextronics and Executive. In the event that Flextronics terminates Executive’s employment for Good Cause prior to the expiration of the Transition Period, then on the effective date of such termination, Flextronics shall no longer be required to pay Executive the cash compensation or provide the benefits set forth in Sections 2 or 3 above.
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Related to Termination of Employment for Good Cause

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Termination of Employment Without Cause At any time during the Term of Employment under this Agreement, either Arrow or the Bank may effect, pursuant to this Paragraph 7(b), and in accordance with the requirements set forth in Paragraph 11(gg) below, a Termination of Employment of Executive without Cause, provided, however, that any attempt to do so under circumstances that would also qualify such Termination of Employment as a Termination of Employment of Executive without Cause under Paragraph 6(a) of this Agreement, that is, as a Termination of Employment of Executive without Cause following a Change in Control that meets the conditions set forth in Paragraph 6(a), will be deemed a Termination of Employment of Executive without Cause under Paragraph 6(a), and not a Termination of Employment of Executive without Cause under this Paragraph 7(b). In the event of a Termination of Employment of Executive without Cause under this Paragraph 7(b), on the effective date of such Termination of Employment, and subject to the satisfaction of the conditions specified below in Section 8, Arrow or the Bank shall pay to the Executive, and the Executive shall be entitled to receive, one (1) lump sum payment in a dollar amount equal to the greater of (i) the total amount of Base Salary payments which would have been payable to the Executive during the period extending from such effective date until the normal expiration date of Employment under this Agreement as in effect at such time, had there been no early Termination of Employment of Executive without Cause (and assuming the Executive otherwise would have remained employed throughout such period and that his Base Salary would have remained unchanged throughout such period), or (ii) an amount equal to one hundred percent (100%) of the current Base Salary of the Executive on the effective date of such Termination of Employment.

  • Constructive Termination of Employment If the Executive so elects, a termination by the Company without Cause under Section 6(d) shall be deemed to have occurred upon the occurrence of one or more of the following events without the express written consent of the Executive:

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Termination of Employment Without Cause or for Good Reason (a) If (1) the Company terminates Executive’s employment without Cause or (2) Executive resigns for Good Reason, then Executive shall be entitled to receive the following termination payments and benefits; provided, however, that this Section 3.3 shall not apply to, and shall have no effect in connection with, any termination to which Section 3.2 of this Agreement applies:

  • Termination of Employment for Other Reasons If your employment with the Company is terminated for any reason other than those reasons set forth in Sections 8 or 15 hereof, including without limitation a termination of your employment with or without cause, all shares of Restricted Stock held by you at the time of such employment termination, as to which the restrictions have not terminated, shall be forfeited by you to the Company, in accordance with the provisions of Section 7 hereof.

  • Involuntary Termination of Employment If the Executive exercises his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason including termination due to disability of the Executive, but excluding termination for Cause, or termination following a Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to record a final Phantom Contribution in an amount equal to: (i) the full Phantom Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Phantom Contributions.

  • Termination of Employment With Cause If the Participant is terminated for Cause, the Performance Share Unit Award will be forfeited. For this purpose, “Cause” is defined in the employment agreement in effect between the Participant and the Company or any subsidiary, including any employment agreement entered into after the Award Date. In the absence of an employment agreement, “Cause” means any breach by the Participant of any of his or her material obligations under any Company policy or procedure, including, without limitation, the Code of Conduct.

  • Termination of Employment The Executive’s employment hereunder shall terminate under the following circumstances:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

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