Common use of Termination of Executive Clause in Contracts

Termination of Executive. for Cause shall be made by delivery to Executive of a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the non-employee directors of the Board at a regular or special meeting of such directors called and held for such purpose, after 30 days' prior written notice to Executive specifying the basis for such termination and the particulars thereof and a reasonable opportunity for Executive to be heard prior to or at such meeting, finding that in the reasonable judgment of such directors, that any conduct or event constituting Cause has occurred and that such occurrence warrants Executive's termination.