Common use of Discharge for Misconduct Clause in Contracts

Discharge for Misconduct. If you have a Termination of Service because of your Misconduct (as defined below), your right to exercise this option will terminate immediately when your employment ends. “Misconduct” means (i) willful breach or neglect of duty; (ii) failure or refusal to work or to comply with LSI’s rules, policies, or practices; (iii) dishonesty; (iv) insubordination; (v) being under the influence of drugs (except to the extent medically prescribed) while on duty or on LSI premises (or those of an Affiliate); (vi) conduct endangering, or likely to endanger the health or safety of another employee, any other person or the property of LSI or an Affiliate; (vii) your violation of LSI’s Standards of Business Conduct, or (viii) conviction of, or plea of nolo contendere to, a felony.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Lsi Corp), Nonqualified Stock Option Agreement (Lsi Corp), Nonqualified Stock Option Agreement (Lsi Corp)

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Discharge for Misconduct. If you have a Termination of Service because of your Misconduct (as defined below), your right to exercise this option will terminate immediately when your employment ends. “Misconduct” "Misconduct means (i) willful breach or neglect of duty; (ii) failure or refusal to work or to comply with LSI’s 's rules, policies, or practices; (iii) dishonesty; (iv) insubordination; (v) being under the influence of drugs (except to the extent medically prescribed) while on duty or on LSI premises (or those of an Affiliate); (vi) conduct endangering, or likely to endanger the health or safety of another employee, any other person or the property of LSI or an Affiliate; (vii) your violation of LSI’s 's Standards of Business Conduct, or (viii) conviction of, or plea of nolo contendere to, a felony.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Lsi Corp)

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