Definition of Termination for Cause Sample Clauses

Definition of Termination for Cause. The Executive's employment shall be deemed to have been terminated for "Cause" if such employment terminates as a result of:
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Definition of Termination for Cause. For purposes of Section 4(a)(v), the Executive's termination "for cause" shall be defined to mean: (i) the Executive's material breach of this Agreement, including, without limitation, his failure to perform his obligations hereunder in a manner reasonably satisfactory, provided that termination under this clause (i) must be approved by an 80% Vote of the Nationwide Board (other than any such failure resulting from incapacity or disability due to physical or mental reasons); (ii) the appropriation (or attempted appropriation) of a material business opportunity of the Company, including attempting to secure or securing a personal benefit in connection with any transaction entered into on behalf of the Company; or (iii) the Executive's fraud or dishonesty with respect to the business or affairs of the Company or if the Executive is convicted of, indicted for (or its procedural equivalent) or pleads nolo contendere or guilty to, any felony (or the equivalent thereof) criminal offense or any civil offense involving fraud or moral turpitude. If the Company determines that "cause" exists, prior to giving notice of termination, the Company will so advise the Executive and provide information supporting such determination.
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Definition of Termination for Cause. For purposes of this Agreement, a ----------------------------------- "Termination for Cause" means the Employee's termination by the Company following the discovery of the occurrence of one or more of the following events:
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Definition of Termination for Cause. For the purposes of this Agreement, a termination of Executive's employment for "Cause" means a termination of Executive's employment by the Company based upon a determination that any one or more of the following has occurred: (A) misfeasance or nonfeasance of duty by Executive that which was intended to or does injure the reputation of Company or its business or relationships; (B) conviction of, or plea of guilty or nolo contendere by Executive to, any felony or crime involving moral turpitude; (C) Executive's willful and continued failure to substantially perform his duties under this Agreement (except by reason of physical or mental incapacity) after written notice from the Board and 15 days to cure such failure; (D) dishonesty by Executive in performance of his duties under this Agreement; or (E) willful and material breach of the restrictive covenants contained in this Agreement; provided however, that definitions (C) through (E) shall not provide Cause for termination if such termination occurs within two (2) years following a Change in Control. A termination of Executive's employment by the Company for any other reason will be a termination without "Cause."
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Definition of Termination for Cause. For purposes of Section 4(v), the Executive's termination "for cause" shall be defined to mean: (a) the Executive's material breach of this Agreement, including, without limitation, his failure to perform his obligations hereunder in a reasonably satisfactory manner (other than any such failure resulting from incapacity or disability due to physical or mental reasons); (b) without specific disclosure by the Executive to the Board and the Board's prior written approval, the appropriation (or attempted appropriation) of a material business opportunity of the Company, including attempting to secure or securing a personal benefit in connection with any transaction entered into on behalf of the Company; or (c) the Executive's fraud or dishonesty with respect to the business or affairs of the Company or if the Executive is convicted of, indicted for (or its procedural equivalent) or pleads nolo contendere or guilty to, any felony criminal offense or any civil offense involving fraud or moral turpitude, the equivalent thereof, or any crime with respect to which imprisonment is a possible punishment.
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Definition of Termination for Cause. Termination by the Company for "cause" shall mean termination by action of the Board of Directors of the Company because of (a) the Individual's material breach of this Agreement or material failure to perform his obligations under this Agreement (not as a consequence of any illness, accident or other disability), (b) the Individual's unjustified continued, willful failure to carry out any reasonable lawful order of the Company (using the same criteria as would be applied to other individuals of like level of the Company), (c) diverting or usurping a corporate opportunity of the Company, (d) the Individual's actions which are disloyal or inimical to the Company, (e) gross negligence or recklessness by the Individual in the performance of his duties hereunder (using the same criteria as would be applied to other individuals of like level of the Company), (f) other serious willful misconduct by the Individual which causes material injury to the Company or its reputation (using the same criteria as would be applied to other executes of like level of the Company), including, but not limited to, willful or gross misconduct toward any of the Company's employees, agents, clients or customers, in either case causing material harm to the Company, and (g) the commission by the Individual of a felony or a crime involving moral turpitude.
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Definition of Termination for Cause. Your employment shall be deemed to have been terminated "for cause" only if it is terminated, or the timing of the termination, is due to conviction of a felony resulting in material harm to the Company. Nothing in this Section 6 shall limit the right of the Company to terminate your employment other than for cause and without any warning or notice.
Sample 1
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Definition of Termination for Cause. The Executive's employment shall be deemed to have been terminated for "Cause" if such employment terminates as a result of: (a) the death of the Executive; (b) the Executive becoming unable to perform the essential duties of his or her position, even with reasonable accommodation, as a result of any physical or mental condition for a period of more than ninety (90) consecutive days or for ninety (90) nonconsecutive days in any three hundred sixty five (365) day period; or (c) the Executive's professional dishonesty; willful misconduct; breach of fiduciary duty involving self-dealing or personal profits; intentional failure to perform duties or abide by Company policies, in each case to the extent such duties or policies have been communicated to the Executive in writing or their existence is otherwise known to the Executive and the Executive has not cured such failure within a reasonable time after notice of such failure is given to him or her; conviction, entry of a plea of guilty or nolo contendere in connection with any alleged violation or an actual violation of any law, rule, regulation (other than traffic violations or similar offenses) or any cease-and-desist or other court order; involvement in any legal proceeding which, in the opinion of legal counsel to the Company, would be required to be disclosed pursuant to Item 401(d) of Regulation S-K of the Securities and Exchange Commission; any non-prescription use of any controlled substance or the use of alcohol or any other non-controlled substance which the Board of Directors of the Company reasonably determines renders the Executive unfit to serve in his or her capacity as an officer of the Company; or any act or omission which has a material adverse effect on the public image, reputation or integrity of the Company.
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Definition of Termination for Cause. Termination by Employer for “cause” shall mean termination (1) by action of the Chairman of Employer’s Board of Directors or its Chief Executive Officer (if other than Executive), or (ii) by election of a successor to Executive by the Xxxxx of Directors or the Succession Committee, in either can by reason of(a) Executive’s material breach of this Agreement or material failure to perform his obligations under this Agreement (not as a consequence of any illness, accident or other disability), (b) Executive’s unjustified continued, willful failure to carry out any reasonable lawful order of Employer (using the same criteria as would be applied to other executives o(like level of Employer), (c) diverting or usurping a corporate opportunity of Employer, (d) Executive’s actions which are disloyal or inimical to Employer, (e) gross negligence or recklessness by Executive in the performance of his duties hereunder (using the same criteria as would be applied to other executives of like level of Employer), (1) other serious willful misconduct by Executive which causes material injury to Employer or its reputation (using the same criteria as would be applied to other executives of like level of Employer), including but not limited to willful or gross misconduct toward any of Employer’s employees, agents, clients or customers. in either case causing material harm to Employer, and (g) the commission by Executive of a felony or a crime involving moral turpitude. 2.
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Related to Definition of Termination for Cause

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

  • Voluntary Termination or Termination for Cause If Executive is no longer employed by the Company or any of its subsidiaries as a result of Executive's termination for Cause or resignation, then on or after the Termination Date, the Company may elect to purchase all or any portion of the Executive Units at a price per Unit equal to the lower of the Original Value thereof or the Fair Market Value thereof determined as described in clause (b)(1) above; provided, however, that if Executive resigns on or after the fifth anniversary of the date hereof, then on or after such Termination Date, the Company may elect to purchase all or any portion of the Executive Units at a price per unit equal to the Fair Market Value thereof determined as described in clause 3(b)(1) above.

  • Notice of Termination for Cause Notice of Termination for Cause shall mean a notice to Executive that shall indicate the specific termination provision in Section 7(c) relied upon and shall set forth in reasonable detail the facts and circumstances which provide a basis for Termination for Cause.

  • Voluntary Termination; Termination for Cause If Executive's employment with the Company terminates voluntarily by Executive or for Cause by the Company, then all vesting of the Option and all other options granted to Executive will terminate immediately and all payments of compensation by the Company to Executive hereunder and all obligations with respect thereto (including, without limitations, with respect to base salary, bonuses, employee benefits, relocation and temporary living reimbursements and other expense reimbursements) will terminate immediately (except as to amounts already earned).

  • Termination for Cause The Company may terminate Executive’s employment for Cause, as defined below.

  • Termination by Employee for Cause In the event of a Change of Control (as defined below) of the Company that results in either a substantial reduction or change of title in the Employee’s job duties related to his position as CFO or CEO, ,or a decrease in or a failure to provide the compensation or vested benefits under this Agreement or the Company initiates a substantial reduction or change of title in the Employee’s job duties related to his position as CFO, Employee shall have the right to resign his employment and will be entitled to a lump sum severance payment equal to twelve (12) months of Employee’s then base salary payable within thirty (30) days after the date of termination In addition, Employee will be entitled to payment of all unused vacation days at his current daily rate and a lump sum equal to all deferred salaries and earned bonuses. In addition, all Employee’s then outstanding but unvested stock options shall vest one hundred percent (100%). Employee shall have 12 months from the date written notice is given to Employee about the announcement and closing of a transaction resulting in a Change in Control of the Company that would result in a substantial change in the Employee’s job duties or decrease his compensation or vested benefits under this Agreement to resign or this Section 4(c) shall not apply. In the event Employee resigns from the Company for any other reason, Employee will not be entitled to receive or accrue any further Company benefits or other remuneration under this Agreement, and Employee specifically agrees that he will not be entitled to receive any severance pay. For purposes of this Section 4, a Change in Control shall be deemed to have occurred if any of the following occur:

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Involuntary Termination for Cause If the Employee's employment is terminated for Cause, then the Employee shall not be entitled to receive severance payments. The Employee's benefits will be terminated under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination.

  • Termination by Corporation for Cause The Executive's ------------------------------------ employment under this Agreement may be terminated at any time by the Board, or its authorized representative, for "cause," which shall include, but not be limited to the following:

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