Common use of Terminating Event Clause in Contracts

Terminating Event. A "Change in Control Terminating Event" shall mean any termination by the Employers or by the Executive of the Executive's employment for any reason. A "Merger of Equals Terminating Event" shall mean any termination by the Employers of the Executive's employment for any reason other than death or for Cause (as defined below). For purposes of this Agreement, the term "Cause" shall mean (i) deliberate dishonesty of the Executive with respect to either of the Employers or any subsidiary or affiliate of either, or (ii) conviction of the Executive of a crime involving moral turpitude.