Common use of Wrongful Acts Clause in Contracts

Wrongful Acts. If Executive is convicted of or pleads nolo contendere to a felony or commits fraud, misrepresentation, embezzlement or other acts of material or willful misconduct against the Company or its shareholders that would make the continuance of his or her employment by the Company materially detrimental to the Company, as determined by the Board in its reasonable discretion.

Wrongful Acts. If Executive is convicted of or pleads nolo contendere to a felony (other than vehicular- related or a vicarious crime not based directly on Executive’s actions) or commits fraud, material misrepresentation, embezzlement or other acts of willful material or willful misconduct against the Company (including violating any material rules or its shareholders regulations of government authorities which would reasonably be expected to have a material adverse economic effect on the Company) that would make the continuance of his or her employment by the Company materially detrimental to the Company, as determined by the Board in its reasonable discretion.

Wrongful Acts. If Executive is convicted of or pleads nolo contendere to a felony or any other serious crime, commits fraud, misrepresentation, embezzlement a serious wrongful act or engages in other misconduct involving acts of material or willful misconduct against the Company or its shareholders moral turpitude that would make the continuance of his or her employment by the Company materially detrimental to the Company, as determined by which determination shall be made in the Board in its reasonable discretionexercise of Company's judgment.