Common use of Termination 7 Clause in Contracts

Termination 7. 01. If the Employee willfully breaches or habitually neglects his duties under this Agreement, the Employer may, at its option, elect to terminate this Agreement by causing a notice to be mailed to the Employee at his last known address stating the cause or causes of the termination and giving the Employee a period of fifteen days to cure the default resulting from such cause or causes. If at the end of the aforesaid fifteen day period the Employee has not cured the default resulting from such cause or causes, the Employer may terminate this Agreement immediately by mailing written notice to such effect to the Employee at his last known address and thereupon this Agreement shall immediately terminate, become null and void and be of no further force or effect. The remedy set forth in this Section 7.01 shall be without prejudice to any other remedy to which the Employer may be entitled at law, in equity, or under this Agreement.