Common use of With Cause by the Company Clause in Contracts

With Cause by the Company. The Company may terminate this Agreement and Executive’s employment hereunder and the Employment Period (in accordance with the termination procedures set forth in Section 5) for Cause. For purposes of this Agreement, the Company shall have “Cause” to terminate Executive’s employment arrangement hereunder only upon: (i) Executive’s material failure to perform his material duties or his material breach of the material terms of this Agreement which failure or breach is not remedied by Executive within thirty (30) days after receipt of written notice from the Company specifically delineating each claimed failure or breach and setting forth the Company’s intention to terminate Executive’s employment if the failure or breach is not duly remedied; (ii) Executive’s conviction of, or entry by Executive of a guilty or no contest plea to, a felony involving moral turpitude; or (iii) Executive’s voluntary termination without Good Reason.