Common use of Termination for Certain Causes Clause in Contracts

Termination for Certain Causes. In the event of Executive's (a) malfeasance, gross neglect or willful misconduct in the performance of his duties under this Agreement, b) failure to perform substantially his obligations under this Agreement (other than by reason of death or disability contemplated by Section 4(e) or (5) or (c) act of fraud, gross dishonesty or harassment against the Company or any of its employees, which default under clause (a) or b) (if susceptible to cure) continues uncured 30 days after written notice from the Company to Executive, this Agreement and Executive's employment hereto terminated by the Company without notice except as contemplated by this sentence.

Appears in 1 contract

Sources: Employment Agreement (Bikers Dream Inc)

Termination for Certain Causes. In the event of Executive's (a) malfeasance, gross neglect or willful misconduct in the performance of his duties under this Agreement, (b) failure to perform substantially his obligations under this Agreement (other than by reason of death or disability contemplated by Section 4(e4(c) or (5) or (c) act of fraud, gross dishonesty or harassment against the Company or any of its employees, which default under clause (a) or (b) (if susceptible to cure) continues uncured 30 days after written notice thereof from the Company to Executive, this Agreement and Executive's employment hereto hereunder may be terminated by the Company without notice except as contemplated by this sentence.

Appears in 1 contract

Sources: Employment Agreement (Bikers Dream Inc)