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Termination for cause refers to the firing of an employee for valid, legally classified reasons. In order for termination for cause to be justifiable, the reason for the termination must be serious and legitimate.
An executive employment contract is a formal agreement between a company and its executive that outlines job duties, salary, benefits, and other perks like bonuses or stock options. It also includes important terms for termination, confidentiality, and non-compete clauses.
Termination of Executive for Cause shall be made by delivery to Executive of a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the non-employee directors of the Board at a regular or special meeting of such directors called and held for such purpose, after 30 days' prior written ...
An executive employment agreement is a legal contract between an employer and an executive that outlines the terms of their working relationship. These agreements include information about salary, benefits, stock options or awards, vacation time allotment and more.
Execute an Employment Agreement for Every Executive. Specify Compensation Terms and Conditions Clearly. State Termination and Severance Conditions. Protect Your Intellectual Property. Focus on Writing With Clarity and Simplicity.
The term ?Termination for Cause? shall mean termination because of Executive's personal dishonesty, incompetence, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or ...
An executive contract, also known as an executive employment contract or an executive employment agreement is a written employment agreement between an employer and a highly compensated employee serving in an executive capacity within the company, such as a Chief Executive Officer, Chief Operating Officer, Chief ...
Ing to jurisprudence from the CAS, just cause will exist where the breach of obligation has reached an extent that the injured party can no longer, and in good faith, be expected to continue the contractual relationship³.