Employment Law Questions? Ask an Employment Lawyer.
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What does your contract with him say about termination?
Does it give you the right to do so for misconduct?
Does it set out any specific grounds?
Ok, then if you can terminate for poor job performance, then slanderous and negative remarks about you and the company as well as undermining your decisions and other employees performance by recruiting them could be considered misconduct and poor job performance so as to give you cause to terminate.
But the clause is a bit confusing about it being null and void if terminated because that sounds like if you or he terminated the contract it has no effect. So that doesn't sound like either of you are legally bound to it..
If it doesn't state that he is entitled to a buy out of the contract if it is terminated, then I would opine that he is only entitled to be paid up until he was terminated and no further.