Common use of Involuntary Termination for Cause Clause in Contracts

Involuntary Termination for Cause. AKS may terminate your employment for Cause, but only upon written notice specifying the facts or circumstances constituting such Cause, which notice may be given at any time prior to the Date of Termination. The following circumstances shall constitute “Cause” for purposes of this Agreement: (a) you are convicted of, or enter a plea of guilty or nolo contendere, to a misdemeanor involving moral turpitude or to a felony, (b) you engage in fraud, misappropriation or embezzlement with respect to AKS, (c) your willful failure, gross negligence or gross misconduct in the performance of your assigned duties for AKS, and (d) your breach of a fiduciary duty to AKS.

Appears in 5 contracts

Samples: Executive Officer Change of Control Agreement (Ak Steel Holding Corp), Executive Officer Change of Control Agreement (Ak Steel Holding Corp), Executive Officer Change of Control Agreement (Ak Steel Holding Corp)

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Involuntary Termination for Cause. AKS may terminate your employment for Cause, but only upon written notice specifying the facts or circumstances constituting such Cause, which notice may be given on or at any time prior to the Date of Termination. The following circumstances shall constitute “Cause” for purposes of this Agreement: (a) you are convicted of, or enter a plea of guilty or nolo contendere, to a misdemeanor involving moral turpitude or to a felony, (b) you engage in fraud, misappropriation or embezzlement with respect to AKS, (c) your willful failure, gross negligence or gross misconduct in the performance of your assigned duties for AKS, and (d) your breach of a fiduciary duty to AKS.

Appears in 2 contracts

Samples: Executive Officer Severance Agreement (Ak Steel Holding Corp), Executive Officer Severance Agreement (Ak Steel Holding Corp)

Involuntary Termination for Cause. AKS may terminate your employment for Cause, but only upon written notice specifying the facts or circumstances constituting such Cause, which notice may be given at on or any time prior to the Date of Termination. The Any of the following circumstances shall constitute “Cause” for purposes of this Agreement: (a) you are convicted of, or enter a plea of guilty or nolo contendere, to a misdemeanor involving moral turpitude or to a felony, (b) you engage in fraud, misappropriation or embezzlement with respect to AKS, (c) your willful failure, gross negligence or gross misconduct in the performance of your assigned duties for AKS, and or (d) your breach of a fiduciary duty to AKS.

Appears in 2 contracts

Samples: Executive Officer Change of Control Agreement (Ak Steel Holding Corp), Executive Officer Change of Control Agreement (Ak Steel Holding Corp)

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Involuntary Termination for Cause. AKS may terminate your employment for Cause, but only upon written notice specifying the facts or circumstances constituting such Cause, which notice may be given on or at any time prior to the Date of Termination. The Any of the following circumstances shall constitute “Cause” for purposes of this Agreement: (a) you are convicted of, or enter a plea of guilty or nolo contendere, to a misdemeanor involving moral turpitude or to a felony, (b) you engage in fraud, misappropriation or embezzlement with respect to AKS, (c) your willful failure, gross negligence or gross misconduct in the performance of your assigned duties for AKS, and or (d) your breach of a fiduciary duty to AKS.

Appears in 2 contracts

Samples: Executive Officer Severance Agreement (Ak Steel Holding Corp), Executive Officer Severance Agreement (Ak Steel Holding Corp)

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