Deactivation for Cause Clause Samples

Deactivation for Cause. For purposes of this Agreement, “Cause” shall be defined to include the following: (i) willful misappropriation of any the Company property, including, but not limited to, equipment or parts, or the Company’s tools in Enterprise Partner’s possession; (ii) failure to materially perform or substantially perform Enterprise Partner’s obligations under this Agreement, including without limitation the confidentiality provisions and restrictive covenants in Section 4 and 5 of this Agreement; (iii) conviction of a crime or entry of a plea of guilty or nolo contendere to a felony crime or a crime involving moral turpitude; (iv) gross misconduct that is willful and demonstrably and materially injurious to the Company’s business, financial condition or reputation; and (v) any material breach of the Code of Conduct (as defined below). The parties agree that the actions in (ii), (iv) and (v) above shall not be considered Cause unless Enterprise Partner has failed to cure such actions within 30 days of receiving written notice specifying with particularity the events allegedly giving rise to Cause.
View Source

Related to Deactivation for Cause

  • Termination for Cause If Vendor fails to materially perform pursuant to the terms of this Agreement, TIPS shall provide written notice to Vendor specifying the default. If Vendor does not cure such default within thirty (30) days, TIPS may terminate this Agreement, in whole or in part, for cause. If TIPS terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • Termination for Cause; Resignation If Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

  • Termination for Good Cause During the Initial Term or a Renewal Term, a party (the “Terminating Party”) may only terminate the Agreement against the other party (the “Non-Terminating Party”) for good cause. For purposes of this Agreement, “good cause” shall mean:

  • Termination for Good Reason The Employee's employment may be terminated by the Employee for Good Reason. For purposes of this Agreement, "Good Reason" shall mean:

  • Involuntary Termination for Cause If the Employee's employment is terminated for Cause, then the Employee shall not be entitled to receive severance payments. The Employee's benefits will be terminated under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination.