Common use of Voluntary Termination, Termination for Cause, Dereliction of Duties or Harmful Acts Clause in Contracts

Voluntary Termination, Termination for Cause, Dereliction of Duties or Harmful Acts. If the Employee voluntarily leaves the employ of the Corporation, or if the Employee’s employment shall be terminated “for cause”, or if the Employee causes the Corporation to suffer financial harm or damage to its reputation through (i) dishonesty, (ii) material violation of the Corporation’s standards of ethics or conduct, or (iii) material deviation from the duties owed the Corporation by the Employee, all of the Incentive Stock Rights shall be forfeited as of the Employee’s termination date.

Appears in 3 contracts

Samples: Incentive Stock Right Agreement (Corning Inc /Ny), Incentive Stock Right Agreement (Corning Inc /Ny), Incentive Stock Right Agreement (Corning Inc /Ny)

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Voluntary Termination, Termination for Cause, Dereliction of Duties or Harmful Acts. If the Employee voluntarily leaves the employ of the Corporation, or if the Employee’s employment shall be terminated “for cause”, or if the Employee causes the Corporation to suffer financial harm or damage to its reputation through (i) dishonesty, (ii) material violation of the Corporation’s standards of ethics or conduct, or (iii) material deviation from the duties owed the Corporation by the Employee, all of the Incentive Stock Rights Cash Units shall be forfeited as of the Employee’s termination date.

Appears in 3 contracts

Samples: Cash Performance Unit Agreement, Cash Performance Unit Agreement (Corning Inc /Ny), Cash Performance Unit Agreement (Corning Inc /Ny)

Voluntary Termination, Termination for Cause, Dereliction of Duties or Harmful Acts. If the Employee voluntarily leaves the employ of the CorporationCorporation without its express consent, or if the Employee’s employment shall be terminated “for cause”, or if the Employee causes the Corporation to suffer financial harm or damage to its reputation (either before or after termination of employment) through (i) dishonesty, (ii) material violation of the Corporation’s standards of ethics or conduct, or (iii) material deviation from the duties owed the Corporation by the Employee, all the shares of the Incentive Stock Rights shall be forfeited as of the Employee’s termination dateforfeited.

Appears in 2 contracts

Samples: Incentive Stock Agreement (Corning Inc /Ny), Incentive Stock Agreement (Corning Inc /Ny)

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Voluntary Termination, Termination for Cause, Dereliction of Duties or Harmful Acts. If the Employee voluntarily leaves the employ of the Corporation, or if the Employee’s 's employment shall be terminated "for cause", or if the Employee causes the Corporation to suffer financial harm or damage to its reputation through (i) dishonesty, (ii) material violation of the Corporation’s 's standards of ethics or conduct, or (iii) material deviation from the duties owed the Corporation by the Employee, then all of the Incentive Stock Rights shall be forfeited as of the Employee’s 's termination date.

Appears in 1 contract

Samples: Incentive Stock Rights Agreement (Corning Inc /Ny)

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