Common use of Voluntary Separation or Involuntary Separation from Service For Cause Clause in Contracts

Voluntary Separation or Involuntary Separation from Service For Cause. “Cause” shall mean Executive’s (i) failure or refusal to substantially perform the material duties of Executive’s employment or other violation of this Agreement in a material manner, (ii) failure in a material manner to comply with the written rules and policies of the Company that has caused or would reasonably be expected to result in material injury to the Company, (iii) willful and serious misconduct in connection with Executive’s employment that has caused or would reasonably be expected to result in material injury to the Company, (iv) dishonesty or fraudulent conduct in regards to the Company or (v) conviction of, or plea of nolo contendere to, a crime that constitutes a felony. The Company may terminate Executive’s employment for Cause with immediate effect; provided that, prior to termination for any of the reasons in (i) or (ii) above, Executive shall have thirty (30) days after notice from the Company to remedy such matter if such matter is reasonably capable of being remedied. In the event that the Company terminates Executive’s employment for Cause, or Executive terminates his employment without Good Reason, in each case except under the circumstances set forth in Sections 4(b), 4(c) or 4(f), Executive shall have no right to any compensation or any other benefits under this Agreement except as set forth in Section 4(a).

Voluntary Separation or Involuntary Separation from Service For Cause. “Cause” shall mean Executive’s (i) failure or refusal to substantially perform the material duties of Executive’s employment or other violation of this Agreement in a material manner, (ii) failure in a material manner to comply with the written rules and policies of the Company that has caused or would reasonably be expected to result in material injury to the Company, (iii) willful and serious misconduct in connection with Executive’s employment that has caused or would reasonably be expected to result in material injury to the Company, (iv) dishonesty or fraudulent conduct in regards to the Company or (v) conviction of, or plea of nolo contendere to, a crime that constitutes a felony. The Company may terminate Executive’s employment for Cause with immediate effect; , provided that, prior to termination for any of the reasons in (i) or (ii) above, Executive shall have thirty (30) days after notice from the Company to remedy such matter if such matter is reasonably capable of being remedied. In the event that the Company terminates Executive’s employment for Cause, or Executive terminates his her employment without Good Reason, in each case except under the circumstances set forth in Sections 4(b), 4(c) or 4(f), Executive shall have no right to any compensation or any other benefits under this Agreement except as set forth in Section 4(a).

Voluntary Separation or Involuntary Separation from Service For Cause. “Cause” shall mean Executive’s (i) failure or refusal to substantially perform the material duties of Executive’s employment or other violation of this Agreement in a material manner, (ii) failure in a material manner to comply with the written rules and policies of the Company that has caused or would reasonably be expected to result in material injury to the Company, (iii) willful and serious misconduct in connection with Executive’s employment that has caused or would reasonably be expected to result in material injury to the Company, (iv) dishonesty or fraudulent conduct in regards to the Company or (v) conviction of, or plea of nolo contendere to, a crime that constitutes a felony. The Company may terminate Executive’s employment for Cause with immediate effect; provided that, prior to termination for any of the reasons in (i) or (ii) above, Executive shall have thirty (30) days after notice from the Company to remedy such matter if such matter is reasonably capable of being remedied. In the event that the Company terminates Executive’s employment for Cause, or Executive terminates his her employment without Good Reason, in each case except under the circumstances set forth in Sections 4(b), 4(c) or 4(f), Executive shall have no right to any compensation or any other benefits under this Agreement except as set forth in Section 4(a).