Guam Sample Employment Agreement between Telocity, Inc. and Executive Vice President Chief Administrative Officer and Corporate Secretary
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How to fill out Sample Employment Agreement Between Telocity, Inc. And Executive Vice President Chief Administrative Officer And Corporate Secretary?
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FAQ
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 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 ...
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.
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.