Common use of Termination by Employer for Cause Clause in Contracts

Termination by Employer for Cause. Executive may be terminated for Cause (as defined below) by Employer, provided that Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreement, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 8 contracts

Sources: Employment Agreement (Graphic Packaging Corp), Employment Agreement (Graphic Packaging Corp), Employment Agreement (Riverwood Holding Inc)

Termination by Employer for Cause. Executive may be terminated for Cause cause by Employer for (as defined belowi) the willful failure of Executive substantially to perform his/her duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his/her obligations hereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, provided which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his/her duties or has breached his/her obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates, (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (iv) Executive’s material violation of the requirements of federal or state securities law, rule or regulation, in cases involving fraud or deceit, or violation of Employer’s i▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy. Any item of conduct in the previous sentence shall constitute “Cause.” Executive’s conduct need not result in monetary or financial loss to constitute Cause. Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him him/her of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he he/she should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreement, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 4 contracts

Sources: Employment Agreement (Graphic Packaging Corp), Employment Agreement (Graphic Packaging Corp), Employment Agreement (Graphic Packaging Corp)

Termination by Employer for Cause. Executive may be terminated for Cause cause by Employer for (as defined belowi) the willful failure of Executive substantially to perform his/her duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his/her obligations hereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, provided which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his/her duties or has breached his/her obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates, (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (iv) Executive’s material violation of the requirements of federal or state securities law, rule or regulation, in cases involving fraud or deceit, or violation of Employer’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy. Any item of conduct in the previous sentence shall constitute “Cause.” Executive’s conduct need not result in monetary or financial loss to constitute Cause. Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him him/her of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he he/she should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreement, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 3 contracts

Sources: Employment Agreement (Graphic Packaging Holding Co), Employment Agreement (Graphic Packaging Corp), Employment Agreement (Graphic Packaging Corp)

Termination by Employer for Cause. Executive Executive's employment with --------------------------------- Employer may be terminated by Employer for Cause (as defined below) by Employer), provided -------- that Executive shall be permitted to attend a meeting of Employer’s the Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s the Board determines that Employer does not have Cause to terminate Executive’s 's employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. "Cause" shall mean (i) the willful failure - of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s 's physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementhereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s the Board, which demand identifies in reasonable detail the manner in which Employer’s the Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s 's dishonesty or engaging in willful and serious -- misconduct, which misconduct that has caused or is reasonably expected to result in direct or indirect material injury to Employer or any of its Affiliates or (iii) --- Executive’s 's conviction of, or entering a plea of guilty or nolo contendere to, a ---- ---------- crime that constitutes a felony.

Appears in 3 contracts

Sources: Employment Agreement (Dynatech Corp), Employment Agreement (Dynatech Corp), Employment Agreement (Dynatech Corp)

Termination by Employer for Cause. Executive At any time during the Period of Employment, Employer may be terminated terminate Executive's employment hereunder for Cause (as defined below) if such termination is approved by Employer, provided that Executive shall be permitted to attend not less than a meeting majority of Employer’s Board within 30 days after delivery to him the entire membership of a Notice the Board. For purposes of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Agreement "Cause" shall mean any of the following: (i) the willful and continued failure of Executive substantially to perform his the Executive's duties hereunder under this Agreement (other than any such failure due to Executive’s as a result of a medically-determinable physical or mental illness) illness or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementinjury), after the Board delivers to Executive a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand that specifically identifies in reasonable detail the manner in which Employer’s the Board believes that Executive has not substantially performed his Executive's duties or and such nonperformance has breached his obligationscontinued for more than thirty (30) days following Executive’s receipt of such written notice (provided, however, that Executive shall not be deemed to be in nonperformance if within such 30-day time period following receipt by Executive of such notice Executive has taken steps reasonably calculated to resolve such nonperformance); (ii) any act or omission by the Executive which has a material adverse effect on the financial interests, reputation, goodwill or business affairs of Employer; (iii) a violation of policies and procedures of Employer which, in the reasonable discretion of the Board, is grounds for termination of employment; (iv) a breach by Executive of the covenants contained in Paragraph 5 of this Agreement; (v) any act or omission by Executive which, if convicted by a court of law, would constitute a felony; or involves disloyalty, dishonesty, or insubordination in Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer 's relations with Employer, the Board, other employees, or any of its Affiliates Employer's customers; (vi) any act or omission which is an intentional violation of the written policies of Employer; or (iiivii) Executive’s conviction of, any act or entering omission which results in a plea breach of guilty any term or nolo contendere to, a crime that constitutes a felonycondition of this Agreement.

Appears in 2 contracts

Sources: Executive Employment Agreement (Seven Seas Cruises S. DE R.L.), Executive Employment Agreement (Seven Seas Cruises S. DE R.L.)

Termination by Employer for Cause. Executive may be terminated Employer may, at its option, terminate this Agreement and Executive’s employment hereunder for Cause (as defined below) by Employerupon giving notice of termination to Executive. As used in this Agreement, provided that Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean that the Board in its good faith opinion concludes that any of the following events has occurred: (i) the continued and willful failure of Executive substantially to perform his substantially Executive’s material duties hereunder to Employer (other than any such failure resulting from incapacity due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreement), after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, is delivered to Executive by Employer’s Board, Employer which demand specifically identifies in reasonable detail the manner in which Employer’s Board Employer believes that Executive has not substantially performed his Executive’s material duties or and a reasonable time for such substantial performance has breached his obligations, elapsed since delivery of such demand; (ii) Executive’s engaging in willful and serious misconduct that Executive has caused been convicted of or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or pleaded nolo contendere to, (a) a felony or (b) another crime involving dishonesty or theft; (iii) there has been a material breach by Executive of Executive’s material obligations under this Agreement or the Covenants Agreement (as defined in Section 5.03 below) that constitutes substantially impairs Employer’s interest in this Agreement or the Covenants Agreement; provided, however, if such breach is subject to cure, then such breach shall not constitute “Cause” unless Executive has not substantially cured such breach within a felony.reasonable period after written notice from Employer (which specifically describes such breach) is received by Executive;

Appears in 2 contracts

Sources: Employment Agreement (Roka BioScience, Inc.), Employment Agreement (Roka BioScience, Inc.)

Termination by Employer for Cause. Executive may be terminated for Cause (as defined below) by Employer, provided that Executive shall be permitted to attend a meeting of Employer’s 's Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s 's Board determines that Employer does not have Cause to terminate Executive’s 's employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. "Cause" shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s 's physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreement, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s 's Board, which demand identifies in reasonable detail the manner in which Employer’s 's Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s 's engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s 's conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 2 contracts

Sources: Employment Agreement (Riverwood Holding Inc), Employment Agreement (Riverwood Holding Inc)

Termination by Employer for Cause. Executive may be terminated for Cause (as defined below) cause by Employer, provided that Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated Employer for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementhereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or Affiliates, (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (iv) Executive’s material violation of the requirements of federal or state securities law, rule or regulation, in cases involving fraud or deceit, or violation of Employer’s i▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy. Any item of conduct in the previous sentence shall constitute “Cause.” Executive’s conduct need not result in monetary or financial loss to constitute Cause. Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 6(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect.

Appears in 2 contracts

Sources: Employment Agreement (Graphic Packaging Corp), Employment Agreement (Graphic Packaging Corp)

Termination by Employer for Cause. Employer may terminate Executive may be terminated for Cause (as defined below) by Employer, provided that Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Cause. If Employer does not have Cause desires to terminate Executive’s employmentemployment for Cause, any such prior Notice of Termination delivered it shall give notice to Executive shall thereupon be withdrawn and as provided in Section 7(e). For purposes of no further force or effect. this Agreement, “Cause” shall mean shall (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementhereunder, after a written demand for substantial performance has been or demand for cure of such breach is delivered, and a reasonable opportunity to cure has been is given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board Employer believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and gross negligence or serious misconduct that has caused or is would reasonably be expected to result in material injury to Employer or any of its Affiliates or affiliates, (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (iv) Executive’s violation of any provision of Employer’s business ethics policy that has resulted or would reasonably be expected to result in material injury to Employer or any of its affiliates, but only after a demand for cure of such violation is delivered, and a reasonable opportunity to cure is given, to Executive by Employer, which demand identifies the manner in which Employer believes that Executive has violated a material provision of Employer’s business ethics policy.

Appears in 1 contract

Sources: Executive Employment Agreement (Remington Arms Co Inc/)

Termination by Employer for Cause. Executive may be terminated for Cause (as defined below) cause by Employer, provided that Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated Employer for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementhereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Employer Board, which demand identifies in reasonable detail the manner in which Employer’s Employer Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or Affiliates, (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (iv) Executive’s material violation of the requirements of federal or state securities law, rule or regulation, in cases involving fraud or deceit, or violation of Employer’s i▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy. Any item of conduct in the previous sentence shall constitute “Cause.” Executive’s conduct need not result in monetary or financial loss to constitute Cause. Executive shall be permitted to attend a meeting of Employer Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect.

Appears in 1 contract

Sources: Employment Agreement (Graphic Packaging Holding Co)

Termination by Employer for Cause. During the Employment Period, Executive may be terminated for Cause (as defined below) "Cause" by Employer; provided, provided however, that Executive shall be permitted to attend a meeting of Employer’s 's Board within 30 thirty days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s 's Board determines that Employer does not have Cause to terminate Executive’s 's employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. "Cause" shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementthe Option Agreement, after a written demand for substantial performance has been is delivered, and a reasonable opportunity to cure has been is given, to Executive by Employer’s 's Board, which demand identifies in reasonable detail the manner in which Employer’s 's Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s 's engaging in willful and serious misconduct that has caused or is would reasonably be expected to result in material injury to Employer or any of its Affiliates affiliates or (iii) Executive’s 's conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 1 contract

Sources: Employment Agreement (Riverwood Holding Inc)

Termination by Employer for Cause. Executive may be terminated for Cause (as defined below) cause by Employer, provided that Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated Employer for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementhereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or Affiliates, (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (iv) Executive’s material violation of the requirements of federal or state securities law, rule or regulation, in cases involving fraud or deceit, or violation of Employer’s i▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy. Any item of conduct in the previous sentence shall constitute “Cause.” Executive’s conduct need not result in monetary or financial loss to constitute Cause. Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he/she should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect.

Appears in 1 contract

Sources: Employment Agreement (Graphic Packaging Corp)

Termination by Employer for Cause. Executive's employment under this Agreement shall terminate immediately upon written notice from Employer to Executive may be terminated of termination for Cause (cause, and Employer shall have no further obligation pursuant to this Agreement. For purposes of this Section 4.4, the term "for cause" shall mean and include any of the following events: fraud, misappropriation or embezzlement by Executive involving Employer or any subsidiary or affiliate thereof; the conviction in any jurisdiction of Executive for any crime involving moral turpitude or which constitutes a felony; Executive's demonstrated voluntary unwillingness to perform his duties, including Executive's failure or refusal to carry out or perform such actions or duties as defined below) he is specifically directed to carry out or perform by the President and Chief Executive Officer of Employer, provided that Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following required to perform any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force illegal or effect. “Cause” shall mean (i) unethical act; the willful failure engaging by Executive in conduct which has or could reasonably be expected to have a material adverse effect on Employer or any of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical its subsidiaries or mental illness) affiliates; or other willful and the material breach by Executive of any representations, warranties, agreements or covenants made by Executive in this Agreement or any other agreement between Employer and Executive. In the event of his obligations hereunder termination of this Agreement by Employer for cause, Executive shall be entitled to no further compensation except compensation pursuant to Sections 3.1.a or under any option agreement or other incentive award agreement3.1.b, after a written demand for substantial performance has been delivered3.1c, 3.1d. Or 3.1e, which may have accrued prior to such termination, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felonyshall have no further obligation hereunder.

Appears in 1 contract

Sources: Employment Agreement (Green Mountain Coffee Inc)

Termination by Employer for Cause. Executive Employer may be terminated terminate the Term immediately, upon written notice to Employee, for Cause (as defined below) by EmployerCause. For purposes of this Agreement, provided that Executive Employer shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean to terminate the Term only if the Board determines that, on or after the Effective Date with respect to events that occur on or after the Effective Date, there has been (i) fraud, misappropriation, embezzlement, or misconduct constituting serious criminal activity on the willful failure part of Executive substantially to perform his duties hereunder Employee or (other than any such failure due to Executive’s physical or mental illnessii) or other willful and material breach violations of material policies of the CyrusOne Group by Executive of any of the Employee in connection with his obligations hereunder employment that results, or under any option agreement is reasonably likely to result, in material financial or other incentive award agreementreputational damage to the CyrusOne Group; provided, after a written demand for substantial performance has been deliveredhowever, and a reasonable opportunity to cure has been giventhat, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, extent such violation under the foregoing clause (ii) Executive’s engaging is curable, Employer has given Employee written notice setting forth in willful reasonable specificity the event(s) or circumstance(s) that it believes constitutes Cause and serious misconduct that Employee has caused failed to cure such event(s) or is reasonably expected circumstance(s) within fifteen (15) days after having received such written notice from Employer. Upon termination for Cause, Employer shall pay Employee only the Accrued Obligations and the Sign-On Award shall be forfeited. Upon a termination for Cause, Employee shall immediately deliver to result in material injury to Employer or any the Board his resignation as a member of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felonythe Board.

Appears in 1 contract

Sources: Employment Agreement (CyrusOne Inc.)

Termination by Employer for Cause. Executive Executive's employment with --------------------------------- Employer may be terminated by Employer for Cause (as defined below) by Employer), provided -------- that Executive shall be permitted to attend a meeting of Employer’s the Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section Sec tion 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s the Board determines that Employer does not have Cause to terminate Executive’s 's employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. "Cause" shall mean (i) the willful failure - of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s 's physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementhereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s the Board, which demand identifies in reasonable detail the manner in which Employer’s the Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s 's dishonesty or engaging in willful and serious -- misconduct, which misconduct that has caused or is reasonably expected to result in direct or indirect material injury to Employer or any of its Affiliates or (iii) Executive’s 's conviction of, or entering a plea --- of guilty or nolo contendere to, a crime that constitutes a felony.. ---- ----------

Appears in 1 contract

Sources: Employment Agreement (Dynatech Corp)

Termination by Employer for Cause. Executive may be terminated for Cause cause by Employer for (as defined belowi) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, provided which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates, (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (iv) Executive’s material violation of the requirements of federal or state securities law, rule or regulation, in cases involving fraud or deceit, or violation of Employer’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy. Any item of conduct in the previous sentence shall constitute “Cause.” Executive’s conduct need not result in monetary or financial loss to constitute Cause. Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreement, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 1 contract

Sources: Employment Agreement (Graphic Packaging Holding Co)

Termination by Employer for Cause. Executive's employment under this Agreement shall terminate immediately upon written notice from Employer to Executive may be terminated of termination for Cause (cause, and Employer shall have no further obligation pursuant to this Agreement. For purposes of this Section 4.4, the term "for cause" shall mean and include any of the following events: fraud, misappropriation or embezzlement by Executive involving Employer or any subsidiary or affiliate thereof; the conviction in any jurisdiction of Executive for any crime involving moral turpitude or which constitutes a felony; Executive's demonstrated voluntary unwillingness to perform his duties, including Executive's failure or refusal to carry out or perform such actions or duties as defined below) he is specifically directed to carry out or perform by the President and Chief Executive Officer of Employer, provided that Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following required to perform any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force illegal or effect. “Cause” shall mean (i) unethical act; the willful failure engaging by Executive in conduct which has or could reasonably be expected to have a material adverse effect on Employer or any of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical its subsidiaries or mental illness) affiliates; or other willful and the material breach by Executive of any representations, warranties, agreements or covenants made by Executive in this Agreement or any other agreement between Employer and Executive. In the event of his obligations hereunder termination of this Agreement by Employer for cause, Executive shall be entitled to no further compensation except compensation pursuant to Sections 3.1.a, 3.1.b, 3.1.c or under any option agreement 3.1.d or other incentive award agreement, after a written demand for substantial performance has been delivered3.1.e.ii which may have accrued prior to such termination, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felonyshall have no further obligation hereunder.

Appears in 1 contract

Sources: Employment Agreement (Green Mountain Coffee Inc)

Termination by Employer for Cause. Executive Executive's employment with --------------------------------- Employer may be terminated by Employer for Cause (as defined below) by Employer), provided -------- that Executive shall be permitted to attend a meeting of Employer’s the Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section Sec tion 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s the Board determines that Employer does not have Cause to terminate Executive’s 's employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. "Cause" shall mean (i) the willful failure - of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s 's physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementhereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s the Board, which demand identifies in reasonable detail the manner in which Employer’s the Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) -- Executive’s 's dishonesty or engaging in willful and serious misconduct, which misconduct that has caused or is reasonably expected to result in direct or indirect material injury to Employer or any of its Affiliates or (iii) Executive’s 's --- conviction of, or entering a plea of guilty or nolo contendere to, a crime that ---- ---------- constitutes a felony.

Appears in 1 contract

Sources: Employment Agreement (Dynatech Corp)

Termination by Employer for Cause. Executive may be terminated for Cause (as defined below) by Employer, provided that Executive shall be permitted to attend a meeting of Employer’s 's Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s 's Board determines that Employer does not have Cause to terminate Executive’s 's employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. "Cause" shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s 's physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementthe Option Agreement, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s 's Board, which demand identifies in reasonable detail the manner in which Employer’s 's Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s 's engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.reasonably

Appears in 1 contract

Sources: Employment Agreement (Riverwood Holding Inc)

Termination by Employer for Cause. Executive may be terminated for Cause (as defined below) "Cause" by Employer; provided, provided however, that Executive and/or his representative shall be permitted to attend a meeting of Employer’s 's Board within 30 thirty days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s 's Board determines that Employer does not have Cause to terminate Executive’s 's employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. "Cause" shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementmaterial agreements entered into by and between Employer and Executive, after a written demand for substantial performance has been deliveredis delivered (specifying in reasonable detail the failure to perform or breach) is delivered to Executive, and upon the recommendation of the CEO, a reasonable opportunity to cure has been given, is given to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligationsExecutive, (ii) Executive’s 's engaging in willful and serious misconduct that has caused or is would reasonably be expected to result in material injury to Employer or any of its Affiliates affiliates, or (iii) Executive’s 's conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 1 contract

Sources: Employment Agreement (Riverwood Holding Inc)

Termination by Employer for Cause. Executive Executive's employment with --------------------------------- Employer may be terminated by Employer for Cause (as defined below) by Employer), provided -------- that Executive shall be permitted to attend a meeting of Employer’s the Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section Sec tion 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s the Board determines that Employer does not have Cause to terminate Executive’s 's employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. "Cause" shall mean (i) the willful failure - of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s 's physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementhereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s the Board, which demand identifies in reasonable detail the manner in which Employer’s the Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s 's dishonesty or engaging in willful and serious -- misconduct, which misconduct that has caused or is reasonably expected to result in direct or indirect material injury to Employer or any of its Affiliates or (iii) --- Executive’s 's conviction of, or entering a plea of guilty or nolo contendere to, a ---- ---------- crime that constitutes a felony.

Appears in 1 contract

Sources: Employment Agreement (Dynatech Corp)

Termination by Employer for Cause. During the portion of the Employment Period that Executive serves as President and Chief Executive Officer of Employer pursuant to Section 2(b)(i) , Executive may be terminated for Cause (as defined below) “Cause” by Employer; provided, provided however, that Executive shall be permitted to attend a meeting of Employer’s Board within 30 thirty days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreementthe Option Agreement, after a written demand for substantial performance has been is delivered, and a reasonable opportunity to cure has been is given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is would reasonably be expected to result in material injury to Employer or any of its Affiliates affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 1 contract

Sources: Employment Agreement (Riverwood Holding Inc)

Termination by Employer for Cause. Executive may be terminated for Cause cause by Employer for (as defined belowi) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given to Executive by the Executive by the, President and Chief Executive Officer of the Company, which demand identifies in reasonable detail the manner in which the Executive by the President and Chief Executive Officer of the Company believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates, (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (iv) Executive’s material violation of the requirements of federal or state securities law, rule or regulation, in cases involving fraud or deceit, or violation of Employer, provided that ’s ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ policy. Any item of conduct in the previous sentence shall constitute “Cause.” Executive’s conduct need not result in monetary or financial loss to constitute Cause. Executive shall be permitted to attend a meeting of Employer’s Board within 30 days after delivery to him of a Notice of Termination (as defined below) pursuant to this Section 7(b) to explain why he should not be terminated for Cause and, if following any such explanation by Executive, Employer’s Board determines that Employer does not have Cause to terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall thereupon be withdrawn and of no further force or effect. “Cause” shall mean (i) the willful failure of Executive substantially to perform his duties hereunder (other than any such failure due to Executive’s physical or mental illness) or other willful and material breach by Executive of any of his obligations hereunder or under any option agreement or other incentive award agreement, after a written demand for substantial performance has been delivered, and a reasonable opportunity to cure has been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the manner in which Employer’s Board believes that Executive has not substantially performed his duties or has breached his obligations, (ii) Executive’s engaging in willful and serious misconduct that has caused or is reasonably expected to result in material injury to Employer or any of its Affiliates or (iii) Executive’s conviction of, or entering a plea of guilty or nolo contendere to, a crime that constitutes a felony.

Appears in 1 contract

Sources: Employment Agreement (Graphic Packaging Holding Co)