Termination of Executive for Cause. Upon or following a Change in Control, the Company shall have the right at any time to terminate the Executive's employment for Cause. In such event, the Company shall give prompt notice to the Executive, specifying in reasonable detail the basis for such termination. For purposes of this Agreement, "Cause" shall mean the following conduct of the Executive:
Termination of Executive for Cause pursuant to this section 9 shall be communicated by a notice of termination.
Termination of Executive for Cause. (a) Notwithstanding anything in this Agreement to the contrary, the Company shall have the right to terminate Executive's employment hereunder for Cause (as defined in Subsection (b) of this Section 9) by giving to Executive written notice of such termination as of a date (not earlier than ten (10) days after such notice) to be specified in such notice, and his employment hereunder shall terminate on the date so specified, whereupon Executive shall be entitled to receive his base salary at the rate provided in Section 5(a) and any other compensation or benefits provided in Sections 5 and 6 only to the date on which termination shall take effect (including any bonus for a prior year which has not been paid, but not any portion of any bonus for the year in which the termination occurs). Notwithstanding anything to the contrary contained in Section 5(c), upon a termination of Executive's employment hereunder for Cause, Executive shall forfeit all outstanding, unexercised options (including vested options) which he has received pursuant to Section 5(c).
Termination of Executive for Cause. The occurrence of any of the following events or circumstances shall constitute “Cause” for the termination, at the election of Employer, of the employment of Executive under this Agreement:
Termination of Executive for Cause. DBMS may terminate this Agreement for “cause,” upon the occurrence of one or more of the following:
Termination of Executive for Cause. Upon or following a Change in Control, the Company or USBANCORP Trust shall have the right at any time to terminate the Executive's employment for Cause. In such event, the Company shall give prompt notice to the Executive, specifying in reasonable detail the basis for such termination. For purposes of this Agreement, "Cause" shall mean the following conduct of the Executive:
Termination of Executive for Cause. TCSC and SCM may terminate Executive's employment and their obligations hereunder at any time during the Employment Term for Cause (as defined below), provided that TCSC and SCM have given Executive written notice of the event or events constituting Cause and a reasonable opportunity (not to exceed fourteen (14) calendar days) for Executive to cure such event or events, provided such event or events are capable of being cured. In the event of such a termination, the sole liability (other than as provided in Section 7(i) below) of TCSC, SCM and the other Schwab Entities shall be to pay (or, as the case may be, provide) to Executive: (i) Executive's Base Salary through the effective date of termination, (ii) payment of all unreimbursed out-of-pocket business expenses of the type described in Section 4(e) incurred by Executive prior to the effective date of Executive's termination, (iii) all unused vacation days accrued up to and including the effective date of Executive's termination, and (iv) any other benefits to which Executive is entitled under applicable employee benefit plans in which he participated. The effect of a termination under this Section 7(d) on Executive's outstanding stock options, restricted stock grants and other equity-based awards shall be determined in accordance with the applicable stock plans, agreements and programs. For purposes of this Agreement, an event or occurrence constituting "Cause" shall mean any one or more of the following:
Termination of Executive for Cause. If the Executive's employment is terminated for Cause, the Term of this Agreement shall automatically terminate without further obligations of the Company to the Executive hereunder, except that the Executive shall be entitled to receive the compensation and benefits provided for in Section 5.1.
Termination of Executive for Cause. If Executive is terminated for cause by Employer, upon the date of termination, Employer shall be relieved of its duties and obligations to pay Executive any additional draws that would otherwise be due under Paragraph 3 of this Executive Employment Agreement. Upon termination, Employer will calculate the Compensation based upon net earnings for the dealership to the date of termination of employment. If Executive's draw has exceeded Compensation as set forth in Paragraph 3 hereof, Executive will reimburse Employer for such excess draw paid. If Compensation as set forth in Paragraph 3 hereof has exceeded Executive's draw, Employer will make payment of the difference to Executive within 15 days after termination, and such payment will discharge all further obligations of Employer to Executive. If Executive is terminated for cause by Employer, Executive shall not be bound by the non-compete provisions of Paragraphs 22 and 23 of this Agreement.
Termination of Executive for Cause. Executive's employment shall be deemed to have been terminated for "Cause" for purposes of this Agreement if the termination is based upon Executive's willfully engaging in misconduct, including, without limitation, the intentional failure to perform Executive's duties, which is demonstrably and materially injurious to the Company and its subsidiaries taken as a whole. No act, or failure to act, on Executive's part shall be considered willful unless done, or omitted to be done, by Executive without good faith and without reasonable belief that Executive's action or omission was in the best interest of the Company or its subsidiaries.
