For Cause Termination definition
For Cause Termination means Constellation terminates Executive for (a) any intentional, non-incidental misappropriation of funds or property of Constellation by Executive; (b) unreasonable (and persistent) neglect or refusal by Executive to perform his duties as provided in Section 1 hereof and which he does not remedy within thirty days after receipt of written notice from Constellation; (c) the material breach by Executive of any provision of Sections 8 or 10 which he does not remedy within thirty days after receipt of written notice from Constellation; or (d) conviction of Executive of a felony.
For Cause Termination means a termination of employment based upon the good faith determination of the Company that one or more of the following events has occurred: (i) the Participant has committed a dishonest or fraudulent act to the material detriment of the Company; (ii) the Participant has been convicted (or pleaded guilty or nolo contendere) for a crime involving moral turpitude or for any felony; (iii) material and persistent insubordination on the part of the Participant; (iv) the loss by the Participant, for any reason, of any license or professional registration without the Company’s written consent; (v) the diversion by the Participant of any business or business opportunity of the Company for the benefit of any party other than the Company; (vi) material violation of the Company’s Global Standards of Business Conduct by the Participant; or (vii) the Participant has engaged in illegal conduct, embezzlement or fraud with respect to the assets, business or affairs of the Company. A Participant shall be deemed to have undergone a For Cause Termination if, after the Participant’s employment has been terminated, facts and circumstances are discovered that would have justified a For Cause Termination.
For Cause Termination means a mandatory or discretionary termination by the Authority as is outlined in OAR 410-120-1400.¶
Examples of For Cause Termination in a sentence
If Executive’s employment is terminated by Executive for a Good Reason Termination or by Constellation for any reason other than a For Cause Termination, then Constellation will not unreasonably withhold such consent provided Constellation receives information and assurances, satisfactory to Constellation, regarding Executive’s new position.
More Definitions of For Cause Termination
For Cause Termination means a termination due to: (i) a willful act of dishonesty by Executive in connection with the performance of Executive’s duties; (ii) a willful act of gross misconduct by Executive or a refusal by Executive to perform his duties; (iii) a willful breach by Executive of this Agreement; (iv) a material and willful violation of federal or state law or regulation applicable to the Company’s business; (v) Executive’s plea of “nolo contendere” to, or conviction of, a crime or commission of an act of moral turpitude; (vi) dishonesty, fraud, or embezzlement, an occurrence of which will be determined in the sole discretion of the Board; or (vii) abuse of alcohol or drugs.
For Cause Termination means the termination of the Participant's employment with the Corporation after having engaged in any of the following actions:
a. Gross negligence or wil▇▇▇▇ ▇▇▇▇▇▇▇▇▇t in the performance of the Participant's duties to the Corporation (other than as a result of a disability) that has resulted or is likely to result in substantial and material damage to the Corporation, provided however that no act or failure to act by the Participant shall be considered "willful" if done or omitted by Participant in good faith with reasonable belief that his action or omission was in the best interests of the Corporation;
b. Commission of any act of fraud with respect to the Corporation; or
c. Conviction of a felony or a crime involving moral turpitude causing material harm to the business and affairs of the Corporation.
For Cause Termination means Constellation terminates Executive for (1) any intentional, non-incidental misappropriation of funds or property of Constellation by Executive; (2) unreasonable (and persistent) neglect or refusal by Executive to perform his duties as provided in Section 1 hereof and which he does not remedy within thirty days after receipt of written notice from Constellation; (3) the material breach by Executive of any provision of Sections 8 or 9 which he does not remedy within thirty days after receipt of written notice from Constellation; or (4) conviction of Executive of an indictable offence.
For Cause Termination means Crown terminates Executive for (1) any intentional, non-incidental misappropriation of funds or property of Constellation by Executive; (2) unreasonable (and persistent) neglect or refusal by Executive to perform his duties as provided in Section 1 hereof and which he does not remedy within thirty days after receipt of written notice from Crown or Constellation; (3) the material breach by Executive of any provision of Sections 7 or 9 which he does not remedy within thirty days after receipt of written notice from Crown or Constellation; or (4) conviction of Executive of a felony.
For Cause Termination is any termination for Cause in accordance herewith. If the Executive if Terminated For Cause, all amounts due hereunder and to Executive through the date of the Termination For Cause, accrued salary and bonus, unused vacation, expense reimbursement, notes payable, and any other benefits provided under this Agreement shall be due to executive within ten days of the termination without cause.
For Cause Termination shall have the meaning provided in Section 7 hereof.
For Cause Termination means termination for the conviction of Participant for commission of a felony against the Company or any affiliate. In the alternative, if Participant is permitted to resign due to conviction of a felon as described above, the Board of Directors may vote to immediately terminate all SARs of such Participant under this Agreement and no SARs shall be exercisable as of the date of such termination, regardless of whether any SAR was vested and exercisable prior to the date of such termination. A majority decision by the Board of Directors is required for termination and forfeiture of the Participant’s SARs under the preceding sentence.