Termination With Cause

Termination With Cause. Means the termination of the Executive's employment by act of the Company's Board of Directors on account of (i) the Executive's failure to perform a material duty or the Executive's material breach of an obligation set forth in this Agreement or a breach of a material and written Company policy other than by reason of mental or physical illness or injury, (ii) the Executive's breach of Executive's fiduciary duties to the Company, (iii) the Executive's conduct that is demonstrably and... materially injurious to the Company, monetarily or otherwise or (iv) the Executive's conviction of, or plea of guilty or nolo contendre to, a felony or crime involving moral turpitude or fraud or dishonesty involving assets of the Company and that in all cases is described in a written notice from the Board and that is not cured, to the reasonable satisfaction of the Board, within thirty (30) days after such notice is received by the Executive. View More

Termination With Cause. Means the termination of the Executive's employment by act of the Company's Board of Directors for any of the following reasons: (i) the Executive's conviction of a crime involving some act of dishonesty or moral turpitude (specifically excepting simple misdemeanors not involving acts of dishonesty and all traffic violations); (ii) the Executive's theft, embezzlement, misappropriation of... or intentional and malicious infliction of damage to the Company's property or business opportunity; (iii) the Executive's abuse of alcohol, drugs or other substances as determined by an independent medical physician; or (iv) the Executive engages in gross dereliction of duties, repeated refusal to perform assigned duties consistent with his position or repeated violation of the Company's written policies after written warning. View More

Termination With Cause. Shall mean termination of Employee by the Company for any of the following reasons: (i) the failure of Employee to render services to the Company in substantial accordance with the terms under which he was retained, which failure amounts to gross neglect of his duties to the Company; (ii) any violation of Section 6 of this Agreement or any other agreement which... Employee may have with the Company; (iii) taking any role in any buy-out of the Company or any of its subsidiaries without the approval of the Company's majority shareholder; or (iv) Employee's commission of any act of fraud, theft or embezzlement against the Company. View More

Termination With Cause. Shall mean termination of the Optionee's employment by the Company due to (i) gross misconduct or gross negligence in the performance of the Optionee's employment duties; (ii) willful disobedience by the Optionee of the lawful directions received from the Company or from the person to whom the Optionee directly reports or of established policies of the Company; or (iii) commission by the Optionee of a crime involving fraud or moral turpitude that can reasonably be expected to have an adverse... effect on the business, reputation or financial situation of the Company. View More

Termination With Cause. Means the termination of the Executive's employment by act of the Board for any of the following reasons: (i) the Executive's conviction for a felony; (ii) the Executive's theft, embezzlement, misappropriation of or intentional and malicious infliction of damage to the Company's or the Parent's property or business opportunity; (iii) the Executive's intentional and material breach of the ... noncompetition covenant in Section 11 hereof; (iv) the Executive's continuous neglect of his duties hereunder or his 3 4 continuous failure or refusal to follow any reasonable, unambiguous duly adopted written direction of the Board or any duly constituted committee thereof that is not inconsistent with the description of the Executive's duties set forth in Section 3 above; and (v) the Executive's abuse of alcohol, drugs or other substances, or his engaging in other deviant personal activities in a manner that, in the reasonable judgment of the Board, adversely affects the reputation, goodwill or business position of the Company. View More

Termination With Cause. Means termination of this Agreement by Employer as a result of (i) the willful engaging by Executive in misconduct which is materially injurious to the Company, monetarily or otherwise, (ii) conduct by Executive amounting to fraud, dishonesty, gross negligence or willful misconduct in matters affecting the fiscal affairs of Employer, (iii) material inattention to, ... failure to adequately perform or breach of his duties hereunder 18 (other than as a result of illness or injury), provided such event has not been cured within ten (10) business days after receipt by Executive of written notice from Employer of its occurrence, (iv) excessive unexcused absences (other than vacation as provided on Exhibit B, illness or disability) by Executive from work, (v) Executive's material failure to comply with federal, state or local laws in connection with his employment (vi) Executive's conviction of (or plea of guilty or nolo contendere to) a felony or to a misdemeanor involving moral turpitude, or (vii) Executive's excessive use or abuse of drugs, alcohol or other toxic substances impairing his ability to perform his duties hereunder. View More

Termination With Cause. Means the termination of the Executive's employment by the Company for any of the following reasons: (i) the Executive's conviction of a felony; (ii) the Executive's theft, embezzlement, misappropriation of or intentional infliction of material damage to the Company's property or business opportunity; (iii) the Executive's ... intentional breach of the noncompetition or non-solicitation provisions contained in Section 9 of this Agreement; or (iv) the Executive's ongoing willful neglect of or failure to perform his duties hereunder or his ongoing willful failure or refusal to follow any reasonable, unambiguous duly adopted written direction of the Company that is not inconsistent with the description of the Executive's duties set forth in Section 2, if such willful neglect or failure is materially damaging or materially detrimental to the business and operations of the Company; provided that Executive shall have received written notice of such failure and shall have continued to engage in such failure after thirty (30) days following receipt of such notice from the Company, which notice specifically identifies the manner in which the Company believes that Executive has engaged in such failure. For purposes of this subsection, no act, or failure to act, shall be deemed "willful" unless done, or omitted to be done, by Executive not in good faith, and without reasonable belief that such action or omission was in the best interest of the Company. View More

Termination With Cause. With respect to a Participant, means the termination by the Company of such Participant's employment or engagement for (i) misappropriation of funds, (ii) conviction of a felony or crime, (iii) failure to comply with the lawful directions of the superiors of the Participant or the Board of Managers, (iv) gross negligence or willful misconduct in connection with Participant's performance of services for the Company, or (v) any other reason or determination of the Board of Managers of the Company.

Termination With Cause. The Company's termination of Executive for Cause.

Termination With Cause. The termination of this Agreement and Employee's separation from service with the Company during the Term, only for the following: (i) Theft or embezzlement with regard to material property of the Company; 5 (ii) Criminal conviction punishable by imprisonment; (iii) Material breach by Employee of any of his duties or obligations under this Agreement; or (iv) Gross insubordination.