Common use of Basis for Termination for Cause Clause in Contracts

Basis for Termination for Cause. Employer may terminate employment of Employee under this provision if any of the following occur: (1) The death of Employee; (2) The Employee becomes, in good faith opinion of the Employer, physically or mentally disabled, for a period of more than thirty (30) consecutive days, or for a period of more than sixty (60) days in the aggregate during a twelve (12) month period, to perform his duties on a full time basis; (3) Employee breaches any material provision of this Contract; (4) Employee commits, is arrested or officially charged with any felony, or any crime involving moral turpitde, which, in the good faith opinion of Employer, would impair Employee's ability to perform his duties hereunder or would impair the business reputation of the Employer; (5) Employee misappropriates any funds or property of Employer; (6) Employee fails or refuses to comply with the policies, standards or regulations of Employer; or (7) Employee engages in conduct, even if not in connection with the performance of his duties hereunder, which would result in serious prejudice to the interests of Employer if he were retained as an employe.