EX-10
from 10-K
2 pages
A. "Cause" Shall Mean: (1) Proven or Admitted (A) Embezzlement, or (B) Material Dishonest Misuse of the Company Funds or Assets; (2) an Admitted or Proven Act Constituting a Felony or Misdemeanor (Other Than Minor Offenses Such as Traffic Violations) or Conviction for Such Act; (3) Continued Conduct Materially Adverse to the Interests of the Company Which Does Not Cease Within Thirty (30) Days of Written Notice From the Chief Executive Officer or Board of Directors of the Company; (4) Repeated Material Failure by You, After Written Warning by the Chief Executive Officer or Board of Directors of the Company, to Perform the Duties of Your Employment (Including Without Limitation Material Failure to Follow or Comply With the Reasonable and Lawful Written Directives of the Chief Executive Officer or Board of Directors of the Company); or (5) Breach of Any Statutory or Common Law Fiduciary Duty of Loyalty to the Company Which Is Not Cured Within Thirty (30) Days of Written Notice From the Chief Executive Officer or Board of Directors of the Company. B. “Company” Shall Mean Sono-Tek Corporation and Any Successor (Whether Direct or Indirect, by Purchase, Merger, Consolidation, Reorganization, or Otherwise) to All or Substantially All of the Business and/or Assets of Sono-Tek Corporation
12/34/56
EX-10
from 10-K
2 pages
A. "Cause" Shall Mean: (1) Proven or Admitted (A) Embezzlement, or (B) Material Dishonest Misuse of the Company Funds or Assets; (2) an Admitted or Proven Act Constituting a Felony or Misdemeanor (Other Than Minor Offenses Such as Traffic Violations) or Conviction for Such Act; (3) Continued Conduct Materially Adverse to the Interests of the Company Which Does Not Cease Within Thirty (30) Days of Written Notice From the Chief Executive Officer or Board of Directors of the Company; (4) Repeated Material Failure by You, After Written Warning by the Chief Executive Officer or Board of Directors of the Company, to Perform the Duties of Your Employment (Including Without Limitation Material Failure to Follow or Comply With the Reasonable and Lawful Written Directives of the Chief Executive Officer or Board of Directors of the Company); or (5) Breach of Any Statutory or Common Law Fiduciary Duty of Loyalty to the Company Which Is Not Cured Within Thirty (30) Days of Written Notice From the Chief Executive Officer or Board of Directors of the Company. B. “Company” Shall Mean Sono-Tek Corporation and Any Successor (Whether Direct or Indirect, by Purchase, Merger, Consolidation, Reorganization, or Otherwise) to All or Substantially All of the Business and/or Assets of Sono-Tek Corporation
12/34/56
EX-10
from 10-K
2 pages
A. "Cause" Shall Mean: (1) Proven or Admitted (A) Embezzlement, or (B) Material Dishonest Misuse of the Company Funds or Assets; (2) an Admitted or Proven Act Constituting a Felony or Misdemeanor (Other Than Minor Offenses Such as Traffic Violations) or Conviction for Such Act; (3) Continued Conduct Materially Adverse to the Interests of the Company Which Does Not Cease Within Thirty (30) Days of Written Notice From the Chief Executive Officer or Board of Directors of the Company; (4) Repeated Material Failure by You, After Written Warning by the Chief Executive Officer or Board of Directors of the Company, to Perform the Duties of Your Employment (Including Without Limitation Material Failure to Follow or Comply With the Reasonable and Lawful Written Directives of the Chief Executive Officer or Board of Directors of the Company); or (5) Breach of Any Statutory or Common Law Fiduciary Duty of Loyalty to the Company Which Is Not Cured Within Thirty (30) Days of Written Notice From the Chief Executive Officer or Board of Directors of the Company. B. “Company” Shall Mean Sono-Tek Corporation and Any Successor (Whether Direct or Indirect, by Purchase, Merger, Consolidation, Reorganization, or Otherwise) to All or Substantially All of the Business and/or Assets of Sono-Tek Corporation
12/34/56