Whenever any officer, director, manager or other employee in a position of authority of any licensee under this code shall be convicted of any violation of this code while engaged in the course of his or her employment or while upon the premises described by the license, the license shall be revoked and the fees paid thereon forfeited, both as to the holder of the license and as to the premises, and said bond given by said licensee to secure the faithful compliance with the terms of this Act shall be forfeited in like manner as if said licensee had himself or herself been convicted.
(235 ILCS 5/10-5) (1999 Code, § 21-4-4)