Company Cause definition
Company Cause means: (i) the good faith determination by the Company’s Board of Directors that there has been continued neglect by the Executive of his duties hereunder, or (ii) willful misconduct on the Executive’s part in connection with the performance of his duties hereunder, PROVIDED HOWEVER, that the Executive shall have been given one (1) written notice of such determination by the Company’s Board of Directors of continued neglect or willful misconduct and thereafter the Executive shall not have cured such neglect or willful misconduct to the satisfaction of the Company’s Board of Directors within fifteen (15) days of the Executive’s receipt of such written notice, (iii) the Executive is convicted of or pleads guilty or no contest to a felony or other conduct involving moral turpitude. If this Agreement and the Executive’s employment is terminated for “Company Cause,” following the Executive’s last date of employment with the Company, the Company shall have no further obligations or liability to the Executive or his heirs, administrators or Executors with respect to compensation and benefits thereafter, except for the obligation to pay the Executive (x) any earned but unpaid base salary through the Executive’s last date of employment, at the rate then in effect, (y) for any unused accrued and unforfeited vacation, and (z) subject to paragraph 8 hereinabove, for any unreimbursed business expenses incurred by the Executive prior to the last date of employment with the Company. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions.
Company Cause means: (i) the good faith determination by the Company's Board of Directors that there has been continued neglect by the Executive of his duties hereunder, or (ii) willful misconduct on the Executive's part in connection with the performance of his duties hereunder, provided however, that the Executive shall have been given one (1) written notice of such determination by the Company's Board of Directors of continued neglect or willful misconduct and thereafter the Executive shall not have cured such neglect or willful misconduct to the satisfaction of the Company's Board of Directors within fifteen (15) days of the Executive's receipt of such written notice, (iii) the Executive is convicted of or pleads guilty or no contest to a felony or other conduct involving moral turpitude. If this Agreement is terminated for "Company Cause," following the Executive's last date of employment with the Company, the Company shall have no further obligations or liability to the Executive or his heirs, administrators or Executors with respect to compensation and benefits thereafter, except for the obligation to pay the Executive any earned but unpaid base salary through the Executive's last date of employment with the Company and to pay the Executive for any unused accrued and unforfeited vacation. The Company shall deduct, from all payments made hereunder, all applicable taxes, including income tax, FICA and FUTA, and other appropriate deductions.
Company Cause means any one or more of the following:
Examples of Company Cause in a sentence
The Company shall provide the Executive with written notice describing any event or condition that gives the Company Cause for terminating this Agreement and the Executive’s employment hereunder.
If you are a party to an employment or severance agreement with the Company, Cause shall have the meaning set forth therein.
The Company shall provide the Executive with written notice describing any event or condition that gives the Company Cause for termination.
At any time during the term of this Agreement, the Chief Executive Officer of the Company, in his sole discretion, may terminate this Agreement and the Executive's employment with the Company without "Company Cause" by delivering to the Executive written notice.
If a matter purportedly giving rise to Company Cause may be cured by Employee, the Board shall not take any action to terminate Employee for such Company Cause unless and until (i) Employee has received written notice from the Board of the Company specifying such Company Cause and setting forth the action, which, when taken, will correct the Company Cause (if any) and (ii) Employee shall have failed to cure or correct such Company Cause within thirty (30) days after receiving such notice.
More Definitions of Company Cause
Company Cause means any reason for termination of this Agreement set forth in Section 13(c).
Company Cause means, with respect to any Person, the conviction, guilty plea, plea bargain or plea of nolo contendere of such Person with respect to a felony, or the commission of fraud, wilful misconduct, gross negligence or gross dereliction of duties, in each case, with respect to the Partnership or its Subsidiaries, Properties, business or personnel, provided that, in the case of gross negligence or gross dereliction of duties capable of cure, written notice of such gross negligence or gross dereliction has been provided to such Person and such conduct is not cured within a thirty (30) day period.
Company Cause means any breach of this Agreement, if such breach causes material harm to Dx. Xxx. The Company may immediately terminate this Agreement upon Dx. Xxx Cause. “Dx. Xxx Cause” means (i) any breach of this Agreement, if such breach causes material harm to the Company; (ii) any gross negligence or willful misconduct by Dx. Xxx in Dx. Xxx’x performance of Services that causes harm to the Company; (iii) Dx. Xxx’x repeated failure to diligently perform Services in a reasonable manner pursuant to this Agreement; (iv) Dx. Xxx’x commission of a crime carrying a minimum sentence of one year as determined under the laws of any nation or political subdivision thereof in which such occurs (or is deemed to occur) or violation of the Foreign Corrupt Practices Act or successor or replacement legislation that results in liability to Company; (v) Dx. Xxx’x commission of any act of fraud, embezzlement or dishonesty or breach of fiduciary duties owed to the Company; or (vi) Dx. Xxx’x abuse of alcohol or controlled substances that has a detrimental effect upon Dx. Xxx’x
Company Cause for termination of the Executive's employment shall only be deemed to exist if the Executive has (i) breached any material provision of this Agreement and if such breach continues or recurs more than thirty (30) days after notice from the Company specifying the action which constitutes such breach and demanding its discontinuance, (ii) exhibited willful disobedience of lawful directions of the President or of the Board, or (iii) committed gross malfeasance in performance of Executive's duties hereunder or acts resulting in an indictment charging the Executive with the commission of a felony; provided that the commission of acts resulting in such an indictment shall constitute Company Cause only if a majority of the directors who are not also subject to any such indictment determine that the Executive's conduct has substantially adversely affected the Company or its reputation. A material failure to perform
Company Cause means and include only Xxxxxx X. Xxxxxxxx'x xxxxx negligence, willful misconduct, or substantial nonperformance of the services contemplated
Company Cause means termination of Xx. Xxxxxxxxxx’x employment by the Company for any of the following: (a) Xx. Xxxxxxxxxx’x gross negligence or willful misconduct in the performance of the duties and services required of Xx. Xxxxxxxxxx pursuant to this Agreement, (b) Xx. Xxxxxxxxxx’x final conviction of, or plea of guilty or nolo contendere to, a felony or Xx. Xxxxxxxxxx engaging in fraudulent or criminal activity relating to the scope of Xx. Xxxxxxxxxx’x employment (whether or not prosecuted), (c) a material violation of the Code of Ethics and Conduct, (d) Xx. Xxxxxxxxxx’x breach of any material provision of this Agreement, provided that Xx. Xxxxxxxxxx receives written notice from the Company and is afforded a reasonable opportunity (at least 30 days) to cure such breach, (e) any continuing or repeated failure to perform the duties as requested in writing by the Board, provided Xx. Xxxxxxxxxx is afforded a reasonable opportunity (at least 30 days) to cure such breach, (f) the commission of a felony or crime involving moral turpitude, or (g) conduct which brings the Company Entities into public disgrace or disrepute in any material respect. Determination as to whether or not Company Cause exists for termination of Xx. Xxxxxxxxxx’x employment will be made by the Board in good faith.
Company Cause means: (1) Employee’s conviction in a court of law of any felony or any plea of nolo contendre with respect thereto; (2) Employee’s continued, willful failure or refusal to perform specific written and reasonable directives of the Board regarding Employee’s duties and responsibilities which are consistent with the scope and nature of Employee’s duties and responsibilities as set forth in Section 0 hereof; (3) any flagrant act of dishonesty or disloyalty by Employee, or any act involving gross moral turpitude of Employee; or (4) any breach of the Non-competition and Non-Solicitation Agreement, which breach is uncured for a period of ten (10) days following written notice by the Company of the need to cure such breach. Upon a termination for Company Cause, Employee shall be entitled to receive all cash compensation earned and all reimbursements due through the effective date of termination.