Common use of Defining “Cause Clause in Contracts

Defining “Cause. For purposes of the Plan, “Cause” shall mean a Participant’s personal dishonesty; misconduct; breach of fiduciary duty; incompetence; intentional failure to perform stated obligations; willful violation of any law, rule, regulation or final cease and desist order; or any material breach of any provision of this Plan, Award Agreement, or any employment agreement.

Appears in 3 contracts

Samples: 2007 Stock Option Plan (Simulations Plus Inc), Stock Option Plan (Akorn Inc), Stock Option Plan (Akorn Inc)

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Defining “Cause. For purposes of the Plan, "Cause" shall mean a Participant’s 's personal dishonesty; misconduct; breach of fiduciary duty; incompetence; intentional failure to perform stated obligations; willful violation of any law, rule, regulation or final cease and desist order; or any material breach of any provision of this Plan, Award Agreement, or any employment agreement.

Appears in 1 contract

Samples: Stock Option Plan (Akorn Inc)

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