05/26/1994 MINUTES - Laserfiche WebLink

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43 B. CHAMBER agrees to match VEST's contributions up to five percent (5%) of VEST's salary towards a retirement plan for VEST. If possible. VEST may continue the American Chamber of Commerce Plan, but if that plan is not transferable, an equivalent, fully vested plan mutually agreed upon by the pmaies hereto will be provided VEST. · SECTION 12. Other Employment VEST may not render services of any professional nature, including consulting work, personal appearances, or speeches, to or for any person or firm for compensation, nor engage in any activity which may be competitive with or adverse to this employment, without the express consent of PEDC and CHAMBER. SECTION 13. Termination for Cause VEST may be terminated from employment hereunder at any time for cause, to include; A. Repeated neglect of duties; B. Conviction of a felony or any crime involving moral turpitade; C. Drunkenness or excessive use of alcoholic beverages, or illegal use of drugs, hallucinogens or other substance regulated by the Texas Controlled Substance Act or federal law; D. Disability, not otherwise protected by law, that substantially .impairs performance of required or assigned duties for a continuous period in excess of six (6) months; E. Immorality, including any conduct PEDC and CHAMBER in their sole discretion determine is not in conformity with the accepted moral standards of the Paris. community: F. Failure to meet such generally recognized standards of professional conduct as may be determined by PEDC and CHAMBER to be applicable to VEST's position; and. O. Repeated breach of any provision or directive under this Agreement. PEDC and CHAMBER will give VEST written'notice of any deficiency under provisions (A), (F), or (G), and VEST may not be terminated for cause for any deficiency so noted unless VEST fails to correct such deficiency within sixty (60) days from the date such notice is given to VEST.