Just Cause Termination. A termination by the Corporation or a Subsidiary of an Eligible Employee’s employment by the Corporation or the Subsidiary in connection with the good faith determination of the Board or the Board of Directors of the Subsidiary, as applicable, that the Eligible Employee is incompetent or otherwise has engaged in any acts involving dishonesty or moral turpitude or in any acts that materially and adversely affect the business, affairs or reputation of the Corporation or the Subsidiary.
Appears in 3 contracts
Samples: Incentive Stock Option Grant Agreement (HCSB Financial Corp), Incentive Stock Option Grant Agreement (HCSB Financial Corp), Incentive Stock Option Grant Agreement (HCSB Financial Corp)
Just Cause Termination. A termination by the Corporation or a Subsidiary of an Eligible Employee’s 's employment by the Corporation or the Subsidiary in connection with the good faith determination of the Board or the Board of Directors of the Subsidiary, as applicable, that the Eligible Employee is incompetent or otherwise has engaged in any acts involving dishonesty or moral turpitude or in any acts that materially and adversely affect the business, affairs or reputation of the Corporation or the Subsidiary.
Appears in 1 contract
Samples: Non Employee Director Stock Option Plan (Fauquier Bankshares Inc)
