Good and Sufficient Cause definition
Good and Sufficient Cause. Defined. Termination for "good and sufficient cause" shall include termination for such things as fraud or dishonesty, willful failure to perform assigned duties, willful violation of LCA's Business Conduct Policy, or intentionally working against the best interests of LCA.
Good and Sufficient Cause shall include but not be limited to:
(1) any misconduct or dishonesty detrimental to the best interests of Employer or any of its affiliates;
(2) willful disloyalty to Employer or any of its affiliates;
(3) conviction of a felony;
(4) violation of any of the provisions of Sections 3 and 6 hereunder.
Good and Sufficient Cause means (i) continued inattention to or neglect of the duties to be performed by the individual, which inattention is not the result of illness or accident and which inattention is not cured within thirty (30) days after notice from the Corporation to the individual, or (ii) violation of the Corporation’s Code of Conduct, as the Code of Conduct may be modified from time to time at the sole discretion of the Corporation, which violation is not cured thirty (30) days after notice from the Corporation to the individual,
Examples of Good and Sufficient Cause in a sentence
If Executive's employment terminates for Good and Sufficient Cause, Executive shall forfeit all rights to the bonus described in this Section 4d.
Notwithstanding any other provisions hereof, this Agreement shall be terminated immediately upon the death or Disability of Executive or Executive's discharge by Employer upon Good and Sufficient Cause.
If Executive's employment terminates for Good and Sufficient Cause (as hereinafter defined), Executive shall forfeit all rights to the bonus described in this Section 4d.
Notwithstanding any other provisions hereof, this Agreement shall be terminated immediately upon the death or Disability (as hereinafter defined) of Executive or Executive's discharge by Employer upon Good and Sufficient Cause (as hereinafter defined).
More Definitions of Good and Sufficient Cause
Good and Sufficient Cause means: (i) a material breach of this Agreement which has not been cured within 15 days of written notice thereof; or (ii) action or behavior reasonably expected to have a material adverse effect on the reputation of Employer, including acts of moral turpitude or dishonesty.
Good and Sufficient Cause means any act of fraud or dishonesty, or conviction of a felony involving moral turpitude or a Participant knowingly engaging in acts seriously detrimental to any of the operations of the Company.
Good and Sufficient Cause means:
Good and Sufficient Cause means intentionally engaging in acts of dishonesty or other conduct intended to be injurious to the business of Employer, conviction of a felony or the willful and material failure to perform the employee's duties and to correct such failure after warning.
Good and Sufficient Cause means:
(i) A 'material breach' of this Agreement by Employee which is not cured within 15 days of written notice thereof. A 'material breach' shall be defined as: (a) the unwillingness or failure of Employee to discharge his duties hereunder within fifteen (15) days of written notice specifying such events; and (b) the continued refusal to follow the directives of the Board which are consistent with Employee's duties and responsibilities as designated by the Board, within fifteen (15) days of written notice to that effect from the Employer unless the failure to follow such directives were either (x) based upon the advice of counsel or (y) based upon the Employee's judgment in good faith that such directives would not be in the best interests of the Employer or its stockholders.
(ii) Any action or series of actions undertaken by Employee in his capacity as an Employee of the Company that results in the commission by Employee of a felony for which he is convicted by a court of competent jurisdiction; or
(iii) The finding by a court of competent jurisdiction that Employee perpetrated a dishonest act or common law fraud against the Employer or any affiliate thereof.
Good and Sufficient Cause for abandonment of service by the Employee is defined as including any act of discrimination against or harassment of the Employee on any basis prohibited by law, directing the Employee to engage in any conduct that is prohibited by law, intentionally engaging in conduct injurious to the material economic interests or reputation of the Employee. Written notice of termination shall be given indicating the reasons for such termination. In the event of termination for good and sufficient cause as aforesaid, the Employee shall be entitled to compensation the Salary and the Benefits through to the date of written notice of termination and nothing more.
Good and Sufficient Cause means:
(i) pleading guilty or no contest to or conviction of felony or crime of moral turpitude; or
(ii) dishonesty detrimental to the best interests of Employer; or
(iii) breach of a fiduciary duty to Employer for the personal profit or gain of Employee; or
(iv) a failure to exercise prudent business judgment, or a mistake arising from the neglect or inattentiveness of Employee, which, in the reasonable judgment of Employee's reporting supervisor, has a material adverse effect on Employer or the Business; or
(v) continuing inattention to or neglect of the duties to be performed by Employee, which such inattention is not the result of illness and which such inattention or neglect continues after written notification of such inattention or neglect is given to Employee; or
(vi) the failure of the business to achieve seventy percent (70%) of the First NOI Hurdle, the second NOI Hurdle or the Third NOI Hurdle in the applicable Earn out Period;
(vii) a material violation of Employer's policies and procedures applicable to its employees; or
(viii) a material breach of this Agreement.