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Message: It was the time - look at the contract

It was the time - look at the contract

posted on Feb 29, 2008 01:46PM

From Turley contract:

"The term of this Agreement shall begin on June 5, 2007 above and shall remain in effect for one (1) year, unless terminated earlier pursuant to Section 8.

Nine Month Performance Evaluation. PTSC shall provide Mr. Turley with additional feedback regarding his performance within nine months of the effective date of this Agreement."

The reasons, why PTSC could terminate the contract (Section 8):

"PTSC has “good cause” to terminate Employee’s employment if:

i. Employee fails or refuses to faithfully and diligently perform the usual and customary duties of his employment, which failure or refusal is not cured within thirty (30) days after written notice thereof is given to Employee; or

ii. Employee fails or refuses to comply with the policies, standards and/or rules of Employer which from time to time may be established, which failure or refusal is not cured within thirty (30) days after written notice thereof is given to Employee; or

iii. Employee fails or refuses to act in accordance with any lawful direction or order of the Board of Directors; or

iv. It is determined by the Board of Directors that Employee has conducted himself in an unprofessional, unethical, illegal or fraudulent manner, or has acted in a manner detrimental to the reputation, character or standing of Employer; including, but not limited to, theft or misappropriation of Employer’s assets, engaging in unlawful discriminatory or harassing conduct, the filing of false expense or related reports, or being convicted of a felony; or

v. Employee violates any material term or condition of this Agreement."

Wondering, what reason it was...glta

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