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(law, ethics) For a legitimate, specific reason; with justification.
Term. Often, the initial term of a CEO contract is between two and five years. A key factor to consider is the variety of ways in which the term can end before the contract expires. The term and termination provisions are intimately intertwined and need to be coordinated.
Generally speaking, an employee who is fired for cause is being terminated for their misconduct. They could have broken the law, violated an important company policy, or made a serious mistake or lapse in judgment that put the company at risk.
A. : a reason for an action or condition : motive. b. : something that brings about an effect or a result. trying to find the cause of the accident.
A ?good reason? definition typically defines actions that might impact an employee's ability to go to the acquiring company, for example, if following the acquisition the workplace will move more than 50 miles.
The term cause has no uniform definition. However, agreements typically define it as ?willful or gross misconduct, moral turpitude, failure to perform duties, or breach of fiduciary duty.? Less frequently, sexual harassment, substance abuse or incompetence are specifically included as grounds for termination for cause.
The Hawaii employment contract is a binding document that establishes new employment within a company. The contract states the type of paid position the employee will take part in. The agreement also declares the benefits the worker will gain while employed.
An employment contract should clearly state the terms and conditions of your employment, including your: title, employment classification (employee or contractor), job responsibilities, compensation, health benefits, retirement benefits, company stock options, sick time, vacation time, and the number of hours you are ...