Event of Termination for Cause Clause Samples

An Event of Termination for Cause clause defines the circumstances under which one party may immediately end the agreement due to the other party's serious misconduct or breach. Typically, this clause applies when there is a material violation of contract terms, such as failure to perform essential obligations, insolvency, or illegal activity. Its core function is to protect parties by providing a clear and enforceable right to terminate the contract when significant problems arise, thereby minimizing ongoing risk and potential damages.
Event of Termination for Cause. An “Event of Termination for Cause” shall have occurred if, after a Change in Control of the Company, the Employee shall have committed: (i) gross negligence or willful misconduct in connection with his duties or in the course of his employment with the Company; (ii) an act of fraud, embezzlement or theft in connection with his duties or in the course of his employment with the Company; (iii) intentional wrongful damage to property of the Company; (iv) intentional wrongful disclosure of secret processes or confidential information of the Company; or (v) an act leading to a conviction of a felony or a misdemeanor involving moral turpitude. For purposes of this Agreement, no act, or failure to act, on the part of the Employee shall be deemed “intentional” if it was due primarily to an error in judgment or negligence, but shall be deemed “intentional” only if done, or omitted to be done, by the Employee not in good faith and without reasonable belief that his action or omission was in the best interest of the Company. Notwithstanding the foregoing, the Employee shall not be deemed to have been terminated as a result of an “Event of Termination for Cause” hereunder unless and until there shall have been delivered to the Employee a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters of the Board of Directors then in office at a meeting of the Board of Directors called and held for such purpose (after reasonable notice to the Employee and an opportunity for the Employee, together with his counsel, to be heard before the Board of Directors), finding that, in the good faith opinion of the Board of Directors, the Employee had committed an act set forth above in this Section 4 and specifying the particulars thereof in detail. Nothing herein shall limit the right of the Employee or his legal representatives to contest the validity or propriety of any such determination.
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Event of Termination for Cause. An “Event of Termination for Cause”shall have occurred if, after a Change in Control of the Company, the Executive shall have committed:
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Event of Termination for Cause. An "Event of Termination for Cause" shall have occurred if, after the Effective Date, the Employee shall:
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Event of Termination for Cause. (a) An "Event of Termination for Cause" shall mean the Employee's (i) conviction of a felony involving moral turpitude (which, through lapse of time or otherwise, is not subject to appeal), (ii) willful refusal without proper legal cause to perform employee's duties and responsibilities which remains uncorrected for thirty (30) days following written notice to the Employee by the Company of such event, (iii) willfully engaging in conduct which the Employee has, or reasonably should have, reason to know is materially injurious to the Company, or (iv) other extreme personal conduct such as, but not limited to, deliberate infliction of bodily injury to another employee while on duty, gross negligent lack of regard for safety rules and customs, or engaging in business activities directly in conflict with the Company's business.
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Event of Termination for Cause. If the notice is from the Employee and states that the Employee's employment by the Company is terminated by the Employee as a result of the occurrence of an Event of Termination for Good Reason, the notice shall specifically describe the action or inaction of the Company that the Employee believes constitutes an Event of
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Event of Termination for Cause. An "Event of Termination for Cause" shall have occurred if, after the Effective Date, the Board of Directors of the Company in its good faith opinion concludes that any of the following events has occurred: (i) Employee has been convicted of a crime involving moral turpitude, including but not limited to fraud, theft, embezzlement or any crime that results in or is intended to result in personal enrichment at the expense of the Company, (ii) there has been a material breach by Employee of this Agreement or of that certain Confidentiality, Inventions and Discoveries and Non-Competition Agreement dated as of January 1992, between Employee and the Company that substantially impairs the Company's interest herein or therein, (iii) Employee has committed acts amounting to gross negligence or willful misconduct to the material detriment of the Company or (iv) Employee willfully or persistently fails to attend to the duties attendant to his employment by the Company.
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Event of Termination for Cause. The Company may terminate Employee for cause (“Event of Termination for Cause”), effective at any time after giving written notice to Employee. The term “for cause” will mean the Employee’s: (i) material breach of this Agreement, the Non-Competition Agreement, or any other agreements with the Company or the Buyer relating to non-competition, proprietary information, or employment; (ii) material failure to perform the duties and responsibilities of Employee’s employment, provided that Employee has received written notice from the Board of Directors of the Company or the Buyer of the specifics of such material failure and if such failure is capable of cure, Employee has not cured such failure within 30 days after such notice; (iii) conviction (including a plea of guilty or nolo contendere) of, any felony, a misdemeanor involving fraud, acts of dishonesty, or moral turpitude, or any other crime that the Board of Directors of the Company or the Buyer reasonably determines may have an adverse effect on the reputation of the Company or the Buyer or the performance of Employee’s duties;
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Event of Termination for Cause. An "Event of Termination ---------- ------------------------------- for Cause" shall have occurred if, after the Effective Date, the Board of Directors of the Company in its good faith opinion concludes that any of the following events has occurred: (i) Employee has been convicted of a crime involving moral turpitude, including but not limited to fraud, theft, embezzlement or any crime that results in or is intended to result in personal enrichment at the expense of the Company, (ii) there has been a material breach by Employee of this Agreement or of that certain Employee Confidentiality, Inventions, Discoveries and Non-Competition Agreement dated as of September 8, 1998, between Employee and the Company that substantially impairs the Company's interest herein or therein, or (iii) Employee has committed acts that in the judgment of the Company's Board of Directors constitutes willful misconduct to the material detriment of the Company.
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Related to Event of Termination for Cause

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Effect of Termination for Cause In the event the Executive’s employment shall be terminated for Cause pursuant to Section 5.1 hereof, the Company shall pay the Executive his salary through the date of termination.

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • 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.

  • Notice of Termination for Cause Notice of Termination for Cause shall mean a notice to Executive that shall indicate the specific termination provision in Section 7(c) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for Termination for Cause.