Common use of Termination by Bank for Cause Clause in Contracts

Termination by Bank for Cause. Nothing in this Agreement shall be construed to prevent its termination by the Bank at any time for "cause" without prior notice. For purposes of this Agreement, "cause" shall mean the failure of Employee to perform or observe any of the terms or provisions of this Agreement or to comply fully with the lawful directives of the Directors of the Bank, dishonesty, misconduct, conviction of a crime or otherwise causing embarrassment to the Bank and its public reputation, substance abuse, misappropriation of funds, disparagement of the Bank or failure to comply with Bank policy.

Termination by Bank for Cause. Nothing in this Agreement shall be ----------------------------- construed to prevent its termination by the Bank at any time for "cause" without prior notice. For purposes of this Agreement, "cause" shall mean the failure of Employee to perform or observe any of the terms or provisions of this Agreement or to comply fully with the lawful directives of the Directors of the Bank, dishonesty, misconduct, conviction of a crime or otherwise causing embarrassment to the Bank and its public reputation, substance abuse, misappropriation of funds, disparagement of the Bank or unreasonable failure to comply with Bank policy.