Common use of Revocation for Misconduct Clause in Contracts

Revocation for Misconduct. Notwithstanding anything hereinafter to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunder, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, granted to a Non-Employee Director who is removed for cause pursuant to the Corporation's Articles of Incorporation, as amended, shall terminate as of the effective date of such removal.

Revocation for Misconduct. Notwithstanding anything hereinafter to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, Award or Performance Share Award or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunderhereunder to the Recipient, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary Company for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, Awards granted to a Non-Employee Director who is removed for cause pursuant to the Corporation's Articles of Incorporation, as amended, Incorporation and Bylaws or the Bank's Charter and Bylaws shall terminate as of the effective date of such removal.

Revocation for Misconduct. Notwithstanding anything hereinafter to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunderhereunder to the Recipient, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, Awards granted to a Non-Employee Director who is removed for cause pursuant to the Corporation's Articles of Incorporation, as amended, Incorporation and Bylaws or the Bank's Charter and Bylaws shall terminate as of the effective date of such removal.

Revocation for Misconduct. Notwithstanding anything hereinafter to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunder, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, Awards granted to a Non-Employee Director who is removed for cause pursuant to the Corporation's Articles Certificate of Incorporation, as amended, Incorporation shall terminate as of the effective date of such removal.

Revocation for Misconduct. Notwithstanding anything hereinafter in this Plan to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, Award or Performance Share Award or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunderhereunder to the Recipient, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary Company for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, Awards granted to a Non-Non- Employee Director who is removed for cause pursuant to the Corporation's Articles of Incorporation, as amended, Incorporation and Bylaws or the Association's Charter and Bylaws shall terminate as of the effective date of such removal.

Revocation for Misconduct. Notwithstanding anything hereinafter to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunderhereunder to the Recipient, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, Awards granted to a Non-Employee Director who is removed for cause pursuant to the Corporation's Articles Certificate of Incorporation, as amended, Incorporation or Bylaws shall terminate as of the effective date of such removal.

Revocation for Misconduct. Notwithstanding anything hereinafter to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunderhereunder to the Recipient, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, Awards granted to a Non-Employee Director who is removed for cause pursuant to the Corporation's Articles of Incorporation, as amended, Incorporation shall terminate as of the effective date of such removal.

Revocation for Misconduct. Notwithstanding anything hereinafter in this Plan to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, Award or Performance Share Award or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunderhereunder to the Recipient, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary Company for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, Awards granted to a Non-Employee Director who is removed for cause pursuant to the Corporation's Articles Certificate of Incorporation, as amended, Incorporation and Bylaws or the Association's Charter and Bylaws shall terminate as of the effective date of such removal.

Revocation for Misconduct. Notwithstanding anything hereinafter to the contrary, the Board may by resolution immediately revoke, rescind and terminate any Plan Share Award, or portion thereof, previously awarded under this Plan, to the extent Plan Shares have not been distributed hereunder, whether or not yet earned, in the case of an Employee who is discharged from the employ of the Corporation or any Subsidiary for cause (as hereinafter defined). Termination for cause shall mean termination because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Plan Share Awards, to the extent Plan Shares have not been distributed hereunder, Awards granted to a Non-Employee Director who is removed for cause pursuant to the Corporation's Articles of Incorporation, as amended, Incorporation shall terminate as of the effective date of such removal.