Employment Agreement Good Cause

Sep 18, 2021 von

Carefully crafted definitions of „causes“ are essential. From the executive`s point of view, the redundancy pay provisions offer important safeguards and become key elements of the negotiated employment package, especially when he leaves a secure role to join a new organisation. Executives also have legitimate fears of jeopardizing their job security in the event of a personality conflict with board members or senior managers, positions that often fluctuate more often than staff positions. As a result, managers often try to narrowly define the circumstances in which a board of directors may dismiss them for cause. Under Texas law, the right reason is the employee`s inability to perform the tasks that a person would perform with normal caution in the industry in similar circumstances.

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