Common use of VIOLATIONS OF STANDARDS Clause in Contracts

VIOLATIONS OF STANDARDS. A. Employees, officers and directors must immediately report any violations of the Standards. Failure to do so can have serious consequences for the employees, officers or directors and the Corporation. B. Reports of violations should be made by employees, officers and directors to their supervisors or to Human Resources and to the Chief Legal Officer. C. Supervisors and Human Resources have the responsibility of promptly and thoroughly investigating all reports and of reporting violations to the Chief Legal Officer. D. After a violation is investigated, appropriate action will be taken. Management has the right to determine the appropriate disciplinary action for a violation up to and including termination of employment. All proposed disciplinary action is subject to review by senior Corporate Management. E. Employees, officers and directors should be aware that in addition to any disciplinary action taken by the Corporation, violations of some Standards may require restitution and may lead to civil or criminal action against individual employees, officers and directors and any corporation involved. F. Supervisors have the responsibility of taking remedial steps to correct any operating procedures that may contribute to violations of Standards. G. Retaliation in any form against an individual who reports a violation of these Standards of Business Conduct or of law in good faith, or who assists in the investigation of a reported violation, is itself a serious violation of this policy. Acts of retaliation should be reported immediately to their supervisor or Human Resources, and will be disciplined appropriately.

Appears in 9 contracts

Samples: Executive Employment Agreement (Biovail Corp International), Executive Employment Agreement (Biovail Corp International), Executive Employment Agreement (Biovail Corp International)

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