Document ID: 11036

Text:
(c) Termination by the Company for Cause. The Company may terminate the Executives employment hereunder for Cause. For purposes of this Agreement, Cause shall mean: (i)conduct by the Executive constituting a material act of misconduct in connection with the performance of the Executives duties, including, without limitation, unlawful harassment or misappropriation of funds or property of the Company or any of its affiliates other than the occasional, customary and de minimis use of Company property for personal purposes; (ii)the commission by the Executive of (A)any felony; or (B)a misdemeanor involving moral turpitude, deceit, dishonesty or fraud; (iii)any conduct by the Executive that would reasonably be expected to result in material injury or reputational harm to the Company or its affiliates if the Executive were retained in the Executives position; (iv)continued non- performance by the Executive of substantially all of the Executives responsibilities hereunder (other than by reason of the Executives physical or mental illness, incapacity or disability) that has continued for more than 30 days following written notice of such non-performance from the Board; or (v)a breach by the Executive of Section8 or of any other Restrictive Covenant Obligation. In the event of a breach or violation of subsections (iv)or (v), if the breach or violation is curable as determined by the Board (which determination shall be conclusive), the Executive shall have no more than 30 days to cure such violation after written notice of such breach or violation by the Board (the Cause Cure Period,) provided that Executive shall not be entitled to more than one Cause Cure Period in any 12-month period .

Named Entities:

Tokenized Text:
(
c
)
Termination
by
the
Company
for
Cause
.
The
Company
may
terminate
the
Executives
employment
hereunder
for
Cause
.
For
purposes
of
this
Agreement
,
Cause
shall
mean
:
(
i
)
conduct
by
the
Executive
constituting
a
material
act
of
misconduct
in
connection
with
the
performance
of
the
Executives
duties
,
including
,
without
limitation
,
unlawful
harassment
or
misappropriation
of
funds
or
property
of
the
Company
or
any
of
its
affiliates
other
than
the
occasional
,
customary
and
de
minimis
use
of
Company
property
for
personal
purposes
;
(
ii
)
the
commission
by
the
Executive
of
(
A
)
any
felony
;
or
(
B
)
a
misdemeanor
involving
moral
turpitude
,
deceit
,
dishonesty
or
fraud
;
(
iii
)
any
conduct
by
the
Executive
that
would
reasonably
be
expected
to
result
in
material
injury
or
reputational
harm
to
the
Company
or
its
affiliates
if
the
Executive
were
retained
in
the
Executives
position
;
(
iv
)
continued
non
-
performance
by
the
Executive
of
substantially
all
of
the
Executives
responsibilities
hereunder
(
other
than
by
reason
of
the
Executives
physical
or
mental
illness
,
incapacity
or
disability
)
that
has
continued
for
more
than
30
days
following
written
notice
of
such
non-performance
from
the
Board
;
or
(
v
)
a
breach
by
the
Executive
of
Section8
or
of
any
other
Restrictive
Covenant
Obligation
.
In
the
event
of
a
breach
or
violation
of
subsections
(
iv
)
or
(
v
)
,
if
the
breach
or
violation
is
curable
as
determined
by
the
Board
(
which
determination
shall
be
conclusive
)
,
the
Executive
shall
have
no
more
than
30
days
to
cure
such
violation
after
written
notice
of
such
breach
or
violation
by
the
Board
(
the
Cause
Cure
Period
,
)
provided
that
Executive
shall
not
be
entitled
to
more
than
one
Cause
Cure
Period
in
any
12-month
period
.