Common use of TERMINATION BY EVENTS OF DEFAULT Clause in Contracts

TERMINATION BY EVENTS OF DEFAULT. The employment of the Executive may be terminated at any time by the Company by notice but with immediate effect and without liability for compensation or damages:- (a) if the Executive is guilty of any gross default of his obligations hereunder or grave misconduct in connection with or affecting the business of any Group Company; or (b) in the event of any repeated breach or non-observance by the Executive (after a warning in writing) of any of the stipulations contained in this agreement; or (c) if the Executive has an interim receiving order made against him, becomes bankrupt or makes any composition or enters into any deed of arrangements with his creditors; or (d) if the Executive is convicted of any criminal offence punishable by imprisonment (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed); or (e) if the Executive shall have committed any act of dishonesty or gross misconduct or any conduct tending in the reasonable opinion of the Board to bring the Company or any Group Company into disrepute; or (f) if the Executive becomes prohibited by law from holding the office of director in any company; or (g) if the Executive resigns as a director of the Company or any Group Company otherwise than at the request of the Company.

TERMINATION BY EVENTS OF DEFAULT. The employment of the Executive may be terminated at any time by the Company by notice but with immediate effect and without liability for compensation or damages:- (a) if the Executive is guilty of any gross default of his obligations hereunder or grave misconduct in connection with or affecting the business of any Group Company; or (b) in the event of any repeated breach or non-observance by the Executive (after a warning in writingwriting ) of any of the stipulations contained in this agreement; or (c) if the Executive has an interim receiving order made against him, becomes bankrupt or makes any composition or enters into any deed of arrangements with his creditors; or (d) if the Executive is convicted of any criminal offence punishable by imprisonment (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed); or (e) if the Executive shall have committed any act of dishonesty or gross misconduct or any conduct tending in the reasonable opinion of the Board to bring the Company or any Group Company into disrepute; or (f) if the Executive becomes prohibited by law from holding the office of director in any company; or (g) if the Executive resigns as a director of the Company or any Group Company otherwise than at the request of the Company.

TERMINATION BY EVENTS OF DEFAULT. The employment of the Executive may be terminated at any time by the Company by notice but with immediate effect and without liability for compensation or damages:- (a) if the Executive is guilty of any gross default of his obligations hereunder or grave misconduct in connection with or affecting the business of any Group Company; or (b) in the event of any repeated breach or non-observance by the Executive (after a warning in writing) of any of the stipulations contained in this agreement; or (c) if the Executive has an interim receiving order made against him, him becomes bankrupt or makes any composition or enters into any deed of arrangements with his creditors; or (d) if the Executive is convicted of any criminal offence punishable by imprisonment (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed); or (e) if the Executive shall have committed any act of dishonesty or gross misconduct or any conduct tending in the reasonable opinion of the Board to bring the Company or any Group Company into disrepute; or (f) if the Executive becomes prohibited by law from holding the office of director in any company; or (g) if the Executive resigns as a director of the Company or any Group Company otherwise than at the request of the Company.