Common use of Termination of Employment With Cause Clause in Contracts

Termination of Employment With Cause. If the Employee (a) breaches any ------------------------------------ material provision of this Agreement or fails to satisfactorily perform his obligations hereunder in a fashion that has a material and significantly adverse effect on the operations of the Company, and such breach and/or failure to perform is not remedied within thirty (30) days after written notice thereof from the Company (except that any violation of Article V of this Agreement may at the Company's discretion result in immediate termination); (b) has been convicted of or entered a guilty plea to any felony; (c) has committed any act of fraud, misappropriation of funds, embezzlement or any other act of moral turpitude as determined by the Board of Directors, in good faith; or (d) has engaged in willful, reckless, fraudulent, dishonest or grossly negligent misconduct; then, in addition to any other remedies available to it at law, in equity or as set forth in this Agreement, the Company shall have the right, upon written notice to the Employee, to immediately terminate his employment (a "Termination With Cause") hereunder, without any further liability or obligation to him hereunder or otherwise in respect of his employment, other than its obligation to abide by the terms of the attached Stock Restriction Agreement and its obligation to pay accrued but unpaid Base Salary and vacation time as of the date of termination.

Termination of Employment With Cause. If the Employee (a) ------------------------------------ breaches any ------------------------------------ material provision of this Agreement or fails to satisfactorily perform his obligations hereunder in a fashion that has a material and significantly adverse effect on the operations of the Company, and such breach and/or failure to perform is not remedied within thirty (30) days after written notice thereof from the Company (except that any violation of Article V of this Agreement may at the Company's discretion result in immediate termination); (b) has been convicted of or entered a guilty plea to any felony; (c) has committed any act of fraud, misappropriation of funds, embezzlement or any other act of moral turpitude as determined by the Board of Directors, in good faith; or (d) has engaged in willful, reckless, fraudulent, dishonest or grossly negligent misconduct; then, in addition to any other remedies available to it at law, in equity or as set forth in this Agreement, the Company shall have the right, upon written notice to the Employee, to immediately terminate his employment (a "Termination With Cause") hereunder, without any further liability or obligation to him hereunder or otherwise in respect of his employment, other than its obligation to abide by the terms of the attached Stock Restriction Agreement and its obligation to pay accrued but unpaid Base Salary and vacation time as of the date of termination.

Termination of Employment With Cause. If the Employee (a) breaches ------------------------------------ any ------------------------------------ material provision of this Agreement or fails to satisfactorily perform his obligations hereunder in a fashion that has a material and significantly adverse effect on the operations of the Company, and such breach and/or failure to perform is not remedied within thirty (30) days after written notice thereof from the Company (except that any violation of Article V of this Agreement may at the Company's discretion result in immediate termination); (b) has been convicted of or entered a guilty plea to any felony; (c) has committed any act of fraud, misappropriation of funds, embezzlement or any other act of moral turpitude as determined by the Board of Directors, in good faith; or (d) has engaged in willful, reckless, fraudulent, dishonest or grossly negligent misconduct; then, in addition to any other remedies available to it at law, in equity or as set forth in this Agreement, the Company shall have the right, upon written notice to the Employee, to immediately terminate his employment (a "Termination With Cause") hereunder, without any further liability or obligation to him hereunder or otherwise in respect of his employment, other than its obligation to abide by the terms of the attached Stock Restriction Agreement and its obligation to pay accrued but unpaid Base Salary and vacation time as of the date of termination.

Termination of Employment With Cause. If the Employee employee (a) breaches any ------------------------------------ material provision of this Agreement or fails to satisfactorily perform his obligations hereunder in a fashion that has a material and significantly adverse effect on the operations of the Company, and such breach and/or failure to perform is not remedied within thirty (30) days after written notice thereof from the Company (except that any violation of Article V of this Agreement may at the Company's discretion result in immediate termination); (b) has been convicted of or entered a guilty plea to any felony; (c) has committed any act of fraud, misappropriation of funds, embezzlement or any other act of moral turpitude as determined by the Board of Directors, in good faith; or (d) has engaged in willful, reckless, fraudulent, fraudulent dishonest or grossly negligent misconduct; then, in addition to any other remedies available to it at law, in equity or as set forth in this Agreement, the Company shall have the righttight, upon written notice to the Employee, to immediately terminate his employment (a "Termination a"Termination With Cause") hereunder, without any further liability or obligation to him hint hereunder or otherwise in respect of his employment, other than its obligation to abide by the terms of the attached Stock Restriction Agreement and its obligation to pay accrued but unpaid Base Salary and vacation time as of the date of termination.