Cause or Misconduct Clause Samples
The 'Cause or Misconduct' clause defines the circumstances under which a party may be subject to penalties, termination, or other consequences due to improper behavior or violation of contractual obligations. Typically, this clause outlines specific actions—such as fraud, gross negligence, willful misconduct, or breach of duty—that constitute 'cause' for disciplinary measures. By clearly identifying what constitutes unacceptable conduct, the clause helps ensure accountability and provides a clear basis for enforcing consequences, thereby protecting the interests of the parties involved.
Cause or Misconduct. In the event the Company terminates Executive for Cause or Misconduct, Executive shall not be entitled to any compensation other than Base Salary accrued through the date of termination. Such termination shall also immediately cease the vesting of all outstanding unvested options and restricted stock held on the date of termination and all such unvested options shall thereupon expire.
Cause or Misconduct. In the event the Company terminates Consultant for Cause or Misconduct, Consultant shall not be entitled to any compensation other than Base Consulting Fee accrued through the date of termination. Such termination shall also immediately cease the vesting of all outstanding unvested options and restricted stock held on the date of termination and all such unvested options shall thereupon expire.