Common use of Termination by the Company for Clause in Contracts

Termination by the Company for. Cause". The Company may -------------------------------------- terminate your employment for "cause"; provided, however, the Company shall have -------- ------- given you written notice specifying in reasonable detail the reason therefor, and ten (10) days after receipt of such notice in which to cure such "cause", if capable of cure. For the purposes of this Agreement, an event or occurrence constituting "cause" shall mean knowingly or recklessly causing material injury to the Company; willful misconduct in the performance of, or a willful failure to perform, your duties; commission of dishonest or fraudulent conduct, whether or not in connection with your employment, or unlawful behavior involving moral turpitude, whether or not in connection with your employment; or breach or violation of this Agreement. If your employment is terminated under this Section 5(c), all compensation and rights to benefits from the Company shall cease on the date of termination (other than as may have already accrued as of the date of termination or as expressly provided in plans in which you participated at the date of termination); provided, however, that the restrictions on your activities -------- ------- contained in Section 4 hereof shall continue in effect as provided therein.

Appears in 1 contract

Sources: Employment Agreement (Partminer Inc)

Termination by the Company for. Cause". The Company may terminate -------------------------------------- terminate your employment for "cause"; provided, however, the Company shall have -------- ------- given you --------- ------- written notice specifying in reasonable detail the reason therefor, and ten (10) days after receipt of such notice in which to cure such "cause", if capable of cure. For the purposes of this Agreement, an event or occurrence constituting "cause" shall mean knowingly or recklessly causing material injury to the Company; willful misconduct in the performance of, or a willful failure to perform, your duties; commission of dishonest or dishonest, fraudulent conduct, whether or not in connection with your employment, or unlawful behavior involving moral turpitude, turpitude whether or not in connection with your employment; or breach or violation of this Agreement. If your employment is terminated under this Section 5(c), all compensation and rights to benefits from the Company shall cease on the date of termination (other than as may have already accrued as of the date of termination or as expressly provided in plans in which you participated at the date of termination); provided, however, that the -------- ------- restrictions on your activities -------- ------- contained in Section 4 hereof shall continue in effect as provided therein.

Appears in 1 contract

Sources: Employment Agreement (Partminer Inc)

Termination by the Company for. Cause". The Company may -------------------------------------- terminate ------------------------------------- your employment for "cause"; provided, however, the Company shall have given you -------- ------- given you written notice specifying in reasonable detail the reason therefor, and ten (10) days after receipt of such notice in which to cure such "cause", if capable of cure. For the purposes of this Agreement, an and event or occurrence constituting "cause" shall mean knowingly or recklessly causing material injury to the Company; willful misconduct in the performance of, or a willful failure to perform, your duties; commission of dishonest or fraudulent conduct, conduct whether or not in connection with your employment, or unlawful behavior involving moral turpitude, turpitude whether or not in connection with your employment; or breach or violation of this Agreement. If your employment is terminated under this Section 5(c), all compensation and rights to benefits from the Company shall cease on the date of termination (other than as may have already accrued as of the date of termination or as expressly provided in plans in which you participated at the date of termination); provided, however, that the -------- ------- restrictions on your activities -------- ------- contained in Section 4 hereof shall continue in effect as provided therein.

Appears in 1 contract

Sources: Employment Agreement (Partminer Inc)