Common use of Immediate dismissal Clause in Contracts

Immediate dismissal. 12.2.1 The Company may by written notice terminate the Employment without notice or pay in lieu of notice if the Executive: (a) commits any act of gross misconduct or is guilty of any conduct which may in the reasonable opinion of the Board, bring the Company into disrepute or is calculated or likely prejudicially to affect the interests of the Company, whether or not the conduct occurs during or in the context of the Executive’s Employment; (b) is convicted of any criminal offence punishable with imprisonment (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which he is not sentenced to any term of imprisonment whether immediate or suspended); (c) commits any act of dishonesty relating to the Company, any of its employees or otherwise; (d) commits a material breach of the terms and conditions of this Agreement or repeats or continues (after a written warning) any other breach of such terms and conditions, including any failure to carry out the Duties efficiently, diligently or competently; (e) becomes prohibited by law from being a director, is removed from office pursuant to the Company’s articles of association, or, except at the request of the Company or pursuant to clause 12.7.1, resigns as a director; (f) becomes of unsound mind or a patient within the meaning of the Mental Health Xxx 0000 so that in the opinion of the Board he is unable to perform the Duties; (g) becomes bankrupt or makes any arrangement or composition with his creditors generally; or (h) is the subject of or causes the Company to be the subject of a penalty or reprimand imposed by any regulatory authority by which the Company is governed or to which its activities are subject.

Immediate dismissal. 12.2.1 The Company may by written notice terminate the Employment without notice or pay in lieu of notice if the Executive: (a) commits a material breach of the terms and conditions of this Agreement whether or not amounting to gross misconduct or other conduct which would entitle the Company to terminate the Employment in accordance with any sub-clause of this clause 12; (b) repeats or continues after a written warning any non material breach of the terms and conditions of this agreement, including any failure to carry out the Duties efficiently, diligently or competently; (c) commits any act of gross misconduct or is guilty of any conduct which may in the reasonable opinion of the Board, bring the Company or any Group Company into disrepute or is calculated or likely prejudicially to affect the interests of the Company or any Group Company, whether or not the conduct occurs during or in the context of the Executive’s Employment; (bd) is convicted of any criminal offence punishable with 6 months' or more imprisonment (other than an offence under road traffic legislation in the United Kingdom or elsewhere for which he is not sentenced to any term of imprisonment whether immediate or suspended); (ce) commits any act of dishonesty relating to the Company or any Group Company, any of its employees or otherwise; (d) commits a material breach of the terms and conditions of this Agreement or repeats or continues (after a written warning) any other breach of such terms and conditions, including any failure to carry out the Duties efficiently, diligently or competently; (ef) becomes prohibited by law from being a director, is removed from office pursuant to the Company’s 's articles of association, unless the removal is caused by sickness or injury or, except at the request of the Company or pursuant to sub-clause 12.7.112.7, resigns as a director; (fg) becomes of unsound mind or a patient within the meaning of the Mental Health Xxx 0000 so that in the opinion of the Board he is unable to perform the Duties;; or (gh) becomes bankrupt or makes any arrangement or composition with his creditors generally; or (h) is the subject of or causes the Company to be the subject of a penalty or reprimand imposed by any regulatory authority by which the Company is governed or to which its activities are subject.

Immediate dismissal. 12.2.1 The Company may by written notice terminate the Employment without notice or pay in lieu of notice this Agreement with immediate effect if the Executive: (ai) has failed or refused to perform such services as may reasonably be delegated or assigned to him by the Board; or (ii) if the Executive becomes prohibited by law from being a director; or (iii) commits any act of gross misconduct or repeats or continues (after written warning) any other serious breach of his obligations under this Agreement; or (iv) is guilty of any conduct which may in the reasonable opinion of the BoardBoard brings him, bring the Company or any Group Company into disrepute or is calculated or likely prejudicially to affect serious disrepute; or (v) if the interests office of director of the Company held by the Executive is vacated pursuant to the Company, whether or not the conduct occurs during or in the context 's Articles of the Executive’s Employment;Association; or (bvi) is convicted of any criminal offence punishable with imprisonment (other than excluding an offence under road traffic legislation in the United Kingdom or elsewhere for which he is not sentenced to any term of imprisonment whether immediate or suspendedelsewhere);; or (cvii) commits any act of dishonesty whether relating to the Company, any Group Company, any of its or their employees or otherwise;; or (d) commits a material breach of the terms and conditions of this Agreement or repeats or continues (after a written warning) any other breach of such terms and conditions, including any failure to carry out the Duties efficiently, diligently or competently; (e) becomes prohibited by law from being a director, is removed from office pursuant to the Company’s articles of association, or, except at the request of the Company or pursuant to clause 12.7.1, resigns as a director; (f) becomes of unsound mind or a patient within the meaning of the Mental Health Xxx 0000 so that in the opinion of the Board he is unable to perform the Duties; (gviii) becomes bankrupt or makes any arrangement or composition with his creditors generally; or (hix) is in the subject reasonable opinion of or causes the Board incompetent in the performance of his duties; provided that in the case of paragraphs (ii), (v), (vi) and (viii) of this Clause 17.2 the Company may only terminate this Agreement with immediate effect if the Board in its absolute discretion reasonably believes that as a consequence of any such event the Executive would no longer be able to be the subject of a penalty or reprimand imposed by any regulatory authority by which the Company is governed or to which its activities are subjectperform his duties under this Agreement.