Termination of Service and Discharge for Cause Sample Clauses

Termination of Service and Discharge for Cause. The Bank may elect to terminate the Officer "for cause" immediately upon written notice to the Officer. For purposes of this Agreement, "
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Termination of Service and Discharge for Cause. (i) Subject to Subparagraph II (C) (ii) hereinbelow, should the Director suffer a Termination of Service (Subparagraph I [D]), then this Agreement shall terminate upon the date of such termination of service and the Director shall be entitled to receive the balance of the liability account paid to the Director, in a lump sum commencing thirty (30) days following said Termination of Service.
Sample 1
Termination of Service and Discharge for Cause. Should the Director who began serving the Bank subsequent to the 24th day of April, 2000 suffer a Termination of Service prior to three (3) full years of service with the Bank from the date of first service, or should any Director be Discharged for Cause at any time, all benefits under this Director Plan shall be forfeited. The term for "
Sample 1
Termination of Service and Discharge for Cause. Should the Director suffer a Termination of Service (Subparagraph I [D]) or be Discharged for Cause at any time, all benefits under this Director Plan shall be forfeited. The term "
Sample 1
Termination of Service and Discharge for Cause. Should the executive suffer a Termination of Service prior to having been employed by the Bank for five (5) full years from the date of first employment, or be Discharged for Cause at any time, all benefits, under this Executive Plan, except the Deferral Benefits (Paragraph III), shall be forfeited. the term for "
Sample 1
Termination of Service and Discharge for Cause. Should the Executive suffer a Termination of Service for any reason other than disability as set forth in Subparagraph II(F), prior to attaining age sixty-five (65), or prior to attaining age sixty-two (62), sixty-three (63) or sixty-four (64) AND completing thirty (30) full years of employment with the Bank from the date of first employment, or be Discharged for Cause at any time, all benefits under this Executive Plan shall be forfeited. The term “for cause” shall be determined by the Board of Directors and will include theft, fraud, embezzlement or willful misconduct causing significant property damage to the Bank or personal injury to another employee. Just cause shall also include any single action and/or inaction or series of actions and/or duties in the manner expected of the Executive of the Bank. The existence of Just Cause shall be determined upon recommendation by the Chief Executive Officer and by vote of seventy percent (70%) of the members of the Board of Directors. If a dispute arises as to discharge “for cause,” such dispute shall be resolved by arbitration as set forth in this Executive Plan.
Sample 1
Termination of Service and Discharge for Cause. Should the Director suffer a Termination of Service for reasons other than disability as set forth in Subparagraph II(F), prior to serving fifteen (15) full years on the Board of the Bank from the date of first service, or be Discharged for Cause at any time, all benefits under this Director Plan shall be forfeited. The term “for cause” shall be determined by the Board of Directors and will include theft, fraud, embezzlement or willful misconduct causing significant property damage to the Bank or personal injury to another employee. Just cause shall also include any single action and/or inaction or series of actions and/or duties in the manner expected of the Director of the Bank. The existence of Just Cause shall be determined upon recommendation by the Chief Director Officer and by vote of seventy percent (70%) of the members of the Board of Directors. If a dispute arises as to discharge “for cause,” such dispute shall be resolved by arbitration as set forth in this Director Plan.
Sample 1
AutoNDA by SimpleDocs

Related to Termination of Service and Discharge for Cause

  • Termination, Release and Discharge [The] [Each] Subsidiary Guarantor’s Subsidiary Guarantee shall terminate and be of no further force or effect, and [the] [each] Subsidiary Guarantor shall be released and discharged from all obligations in respect of such Subsidiary Guarantee, as and when provided in Section 1303 of the Indenture.

  • Limitation on Liability; Termination, Release and Discharge (a) Any term or provision of this Indenture to the contrary notwithstanding, the obligations of each Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal, foreign or state law and not otherwise being void or voidable under any similar laws affecting the rights of creditors generally.

  • Death and Disability (a) The Employment Term shall terminate on the date of Employee's death, in which event Employee's Salary, reimbursable expenses and benefits owing to Employee through the date of Employee's death shall be paid to his estate. Employee's estate will not be entitled to any other compensation upon termination of this Agreement pursuant to this subparagraph 8(a).

  • For death and disability The Company may also terminate the Employment, at any time, without notice or remuneration (unless notice or remuneration is specifically required by applicable law, in which case notice or remuneration will be provided in accordance with applicable law), if:

  • Termination for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Discharge for Cause If the Participant, prior to the Final Exercise Date, is discharged by the Company for “cause” (as defined below), the right to exercise this option shall terminate immediately upon the effective date of such discharge. “Cause” shall mean willful misconduct by the Participant or willful failure by the Participant to perform his or her responsibilities to the Company (including, without limitation, breach by the Participant of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar agreement between the Participant and the Company), as determined by the Company, which determination shall be conclusive. The Participant shall be considered to have been discharged for “Cause” if the Company determines, within 30 days after the Participant’s resignation, that discharge for cause was warranted.

  • Termination of Service for Cause If your Service is terminated by the Company for Cause or if you commit an act(s) of Cause while this Option is outstanding, as determined by the Committee in its sole discretion, then you shall immediately forfeit all rights to your Option without consideration, including any vested portion of the Option, and the entire Option shall immediately expire, and any rights, payments and benefits with respect to the Option shall be subject to reduction or recoupment in accordance with the Clawback Policy and the Plan. For avoidance of doubt, your Service shall also be deemed to have been terminated for Cause by the Company if, after your Service has otherwise terminated, facts and circumstances are discovered that would have justified a termination for Cause, including, without limitation, your violation of Company policies or breach of confidentiality or other restrictive covenants or conditions that may apply to you prior to or after your Termination Date.

  • Termination for Cause; Resignation Without Good Reason; Death or Disability (i) The Company may terminate Executive’s employment with the Company at any time for Cause. Further, Executive may resign at any time without Good Reason. Executive’s employment with the Company may also be terminated due to Executive’s death or disability.

  • Termination without Cause or Resignation for Good Reason in Connection with a Change of Control If the Company or its Affiliates terminate Executive’s employment with the Company or its Affiliates, respectively, without Cause or Executive resigns from such employment for Good Reason within twelve (12) months following a Change of Control, and Executive signs and does not revoke a separation agreement and release of claims with the Company (in a form acceptable to the Company), then Executive will receive the following severance from the Company:

  • Termination for Cause; Resignation Without Good Reason If the Company terminates Executive’s employment with the Company for Cause, or Executive resigns without Good Reason, then Executive will not be entitled to any further compensation from the Company (other than accrued salary, and accrued and unused vacation, through Executive’s last day of employment), including severance pay, pay in lieu of notice or any other such compensation.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!