Termination/or Cause Sample Clauses
Termination/or Cause. The Company may terminate Executive's employment under this Agreement for "Cause," at any time prior to the expiration of the Term of this Agreement. For this purpose, "Cause" shall mean willful breach of this Agreement, fraud, misappropriation or embezzlement, or other criminal conduct, or habitual neglect to perform Executive's duties. In the event of termination for Cause, Executive's employment may be terminated by the Board of Directors immediately without advance written notice, whereupon this Agreement shall terminate without further obligation by the Company, except for payment of amounts of Salary accrued through the date of termination.
Termination/or Cause. Notwithstanding any provision of this Agreement to the contrary, the Bank shall not pay any benefit under this Agreement if the Bank terminates the Executive's employment for:
(a) Gross negligence or gross neglect of duties,
(b) Commission of a felony or commission of a misdemeanor involving moral turpitude, or
(c) Fraud, disloyalty, dishonesty, or willful violation of any law or significant Bank policy committed in connection with the Executive's employment and, in the Bank's sole judgment, resulting in an adverse effect on the Bank.
Termination/or Cause