Termination of Employment for Cause. If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.
Appears in 58 contracts
Samples: Nonqualified Stock Option Agreement (Western Sierra Bancorp), Incentive Stock Option Agreement (Western Sierra Bancorp), Incentive Stock Option Agreement (Western Sierra Bancorp)
Termination of Employment for Cause. If Optionee’s 's employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.
Appears in 5 contracts
Samples: Incentive Stock Option Agreement (Western Sierra Bancorp), Incentive Stock Option Agreement (Western Sierra Bancorp), Incentive Stock Option Agreement (Western Sierra Bancorp)
Termination of Employment for Cause. If Optionee’s employment with the Bancorp Company or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (United Security Bancshares), Incentive Stock Option Agreement (United Security Bancshares), Incentive Stock Option Agreement (United Security Bancshares)
Termination of Employment for Cause. If Optionee’s 's employment with the Bancorp Corporation or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (American River Holdings), Nonqualified Stock Option Agreement (American River Holdings)
Termination of Employment for Cause. If Optionee’s Participant's employment with the Bancorp or a subsidiary corporation is terminated for cause, this option right shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of illegal activity in connection therewith or any conduct detrimental to the interests of the Bancorp or a crime involving moral turpitudesubsidiary corporation, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.
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