Common use of Willful Failure to Perform Duties Clause in Contracts

Willful Failure to Perform Duties. You continue willfully to fail to perform your duties for the Company after a written demand for performance has been delivered to you by the Board that specifically identifies how you have failed to perform. Your conduct will not be considered "willful" if you reasonably believed that you were acting in the best interests of the Company or if your failure to perform was caused by your physical or mental illness. You may not be terminated for Cause under this paragraph after you have properly notified the Company that you are resigning for Good Reason.

Appears in 4 contracts

Samples: Retention Agreement (Harding Lawson Associates Group Inc), Executive Retention Agreement (Harding Lawson Associates Group Inc), Executive Severance Agreement (CNBT Bancshares Inc)

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Willful Failure to Perform Duties. You continue willfully to fail to perform your duties for the Company after a written demand for performance has been delivered to you by the Board that specifically identifies how you have failed to perform. Your conduct will not be considered "willful" if you reasonably believed a reasonable person would believe that you were acting in the best interests of the Company Company, you believed the action you were requested to perform was unlawful or unethical, or if your failure to perform was caused by your physical or mental illness. You may not be terminated for Cause under this paragraph after you have properly notified the Company that you are resigning for Good Reason.

Appears in 2 contracts

Samples: Retention Agreement (21st Century Insurance Group), Retention Agreement (21st Century Insurance Group)

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Willful Failure to Perform Duties. You continue willfully to fail to perform your duties for the Company after a written demand for performance has been delivered to you by the Board that specifically identifies how you have failed to perform. Your conduct will not be considered "willful" if you reasonably believed a reasonable person would believe that you were acting in the best interests of the Company or if your failure to perform was caused by your physical or mental illness. You may not be terminated for Cause under this paragraph after you have properly notified the Company that you are resigning for Good Reason.

Appears in 1 contract

Samples: Retention Agreement (21st Century Insurance Group)

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