Common use of TERMINATION BY EVENTS OF DEFAULT Clause in Contracts

TERMINATION BY EVENTS OF DEFAULT. 19.1. The Company may terminate the Employment immediately by written notice if the Executive: 19.1.1. has not performed his duties under this agreement to the standard required by the Board; 19.1.2. commits any serious or persistent breach of his obligations under this agreement; or 19.1.3. does not discharge his duties efficiently and diligently; or 19.1.4. does not comply with any term of this agreement; or 19.1.5. does not comply with any lawful order or direction given to him by the Board; or 19.1.6. is guilty of any gross misconduct or conducts himself (whether in connection with the Employment or not) in a way which is harmful to any Group Company; or 19.1.7. is guilty of dishonesty or is convicted of an offence (other than a motoring offence which does not result in imprisonment) whether in connection with the Employment or not; or 19.1.8. commits (or is reasonably believed by the Board to have committed) a breach of any legislation in force which may affect or relate to the business of any Group Company; or 19.1.9. becomes of unsound mind, is bankrupted or has a receiving order made against him or makes any general composition with his creditors or takes advantage of any statute affording relief for insolvent debtors; or 19.1.10. becomes disqualified from being a director of a company [or the Executive’s directorship of the Company terminates without the consent or concurrence of the Company]. 19.2. The Executive will have no claim for damages or any other remedy against the Company if the Employment is terminated for any of the reasons set out in clause 19.1. 19.3. Any delay by the Company in exercising such right to terminate shall not constitute a waiver thereof. 13

TERMINATION BY EVENTS OF DEFAULT. 19.1. The Company may terminate the Employment immediately by written notice if the Executive: 19.1.1. has not performed his duties under this agreement to the standard required by the Board; 19.1.2. commits any serious or persistent breach of his obligations under this agreement; or 19.1.3. does not discharge his duties efficiently and diligently; or 19.1.4. does not comply with any term of this agreement; or 19.1.5. does not comply with any lawful order or direction given to him by the Board; or 19.1.6. is guilty of any gross misconduct or conducts himself (whether in connection with the Employment Appointment or not) in a way which is harmful to any Group Company; or 19.1.7. is guilty of dishonesty or is convicted of an offence (other than a motoring offence which does not result in imprisonment) whether in connection with the Employment Appointment or not; or 19.1.8. commits (or is reasonably believed by the Board to have committed) a breach of any legislation in force which may affect or relate to the business of any Group Company; or 19.1.9. becomes of unsound mind, is bankrupted or has a receiving order made against him or makes any general composition with his creditors or takes advantage of any statute affording relief for insolvent debtors; or 19.1.10. becomes disqualified from being a director of a company [or the Executive’s directorship of the Company terminates without the consent or concurrence of the Company]. 19.2. The Executive will have no claim for damages or any other remedy against the Company if the Employment is terminated for any of the reasons set out in clause 19.1. 19.3. Any delay by the Company in exercising such right to terminate shall not constitute a waiver thereof. 13.