Gross Cause means:
Gross Cause means, except as provided in Section 19(f), conduct by a Participant which is a fraud, misappropriation of Employer property or intentional misconduct damaging to such property or business of an Employer, or the commission of a crime. Gross Cause shall be determined by the Plan Administrator in its sole and absolute discretion.
Gross Cause means, notwithstanding the provisions of Section 1(p), any act or acts constituting a felony committed against an Honeywell Employer, its property or business.
Examples of Gross Cause in a sentence
Notwithstanding the foregoing, if an Employee is employed by the Company on the Change in Control Date but not on the date Incentive Compensation Awards are paid because (i) he or she has been involuntarily terminated other than for Gross Cause, or (ii) he or she has voluntarily resigned for Good Reason, such Employee shall be treated for this Section 10 as being employed by the Company on the date Incentive Compensation Awards are paid.
Gross Cause - means fraud, misappropriation of Honeywell International Inc.
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Upon the termination of Employee's employment hereunder for Gross Cause, notwithstanding anything to the contrary in Section 12(b)(i), Employee shall be vested in the Salary Deferred Compensation Credit in Employee's Account as of the end of the month preceding such termination or resignation but shall not be vested in any portion of the Company Deferred Compensation Credit, regardless of whether or not previously vested, or any interest accrued thereon.
The term of Executive’s employment hereunder shall commence as of the date hereof and continue until December 31, 2011, unless sooner terminated due to a Voluntary Termination or by Employer with or without Gross Cause (the “Employment Period”).
More Definitions of Gross Cause
Gross Cause means, except as provided in Section 18(f), conduct by a Participant which is a fraud, misappropriation of Employer
Gross Cause means (i) a material breach by Consultant of the provisions of Paragraphs 7, 8, 9 or 13(a) of this Agreement, (ii) acts of dishonesty or deliberate misconduct by Consultant, (iii) breach of trust or other action by which Consultant obtains personal gain at the expense of or to the detriment of the Company, or (iv) conviction of the Consultant of any felony or of any other crime involving moral turpitude.
Gross Cause means (i) a fraud committed against the Company, (ii) the misappropriation of the Company’s property, (iii) intentional misconduct that is damaging to the Company’s property or business, or (iv) the commission of a felony.
Gross Cause means any of the following: (i) clear and convincing evidence of a significant violation of the Company’s Code of Business Conduct; (ii) the misappropriation, embezzlement or willful destruction of Company property of significant value; (iii)(A) the willful failure to perform, (B) gross negligence in the performance of, or (C) intentional misconduct in the performance of,
Gross Cause means Executive's fraud, gross misconduct, gross negligence, disloyalty, gross insubordination, breach of loyalty, breach of any material provision of this Agreement or any provision of the Letter Agreement and any other similar causes.
Gross Cause means any of the following: (i) clear and convincing evidence of a significant violation of the Company’s Code of Business Conduct; (ii) the misappropriation, embezzlement or willful destruction of Company property of significant value; (iii)(A) the willful failure to perform, (B) gross negligence in the performance of, or (C) intentional misconduct in the performance of, significant duties that results in material harm to the business of the Company; (iv) the conviction (treating a nolo contendere plea as a conviction) of a felony (whether or not any right to appeal has been or may be exercised); or (v) clear and convincing evidence of the willful falsification of any financial records of the Company that are used in compiling the Company’s financial statements or related disclosures, with the intent of violating Generally Accepted Accounting Principles or, if applicable, International Financial Reporting Standards. In the case of a determination under Part I of the Plan, Gross Cause shall be determined (i) by the Chief Executive Officer of the Company, with the concurrence of the Company’s Board of Directors and with the advice of the Company’s functional leaders with expertise in such matters, with respect to any officer of the Company elected by the Board of Directors, and (ii) by the Plan Administrator, with the advice of the Company’s functional leaders with expertise in such matters, with respect to all other Plan Participants.”
Gross Cause means (i) the Employee’s engagement in gross negligence or misconduct that is materially injurious to BMT, monetarily or otherwise, or any of its parents, subsidiaries or affiliates (collectively, the “Company Group”), its/their reputation, products, services or customers; or (ii) the Employee’s commission of a crime involving moral turpitude or dishonesty, or plea of nolo contendere or guilty with respect to or conviction of a crime involving moral turpitude or dishonesty, or any felony relating to the Employee’s BMT employment; or (iii) any misappropriation of BMT or customer funds by the Employee; or (iv) the Employee’s use, possession or distribution of, or being under the influence of, drugs or alcohol during working time or work-related activities or in a manner that is injurious to the reputation of BMT or any of their subsidiaries; or (v) the Employee’s making a general assignment for the benefit of the Employee’s creditors of any proceeding seeking to adjudicate the Employee bankrupt or insolvent under any laws relating to bankruptcy or insolvency or an involuntary petition shall be filed against the Employee seeking relief under any law relating to bankruptcy or insolvency which remains undismissed for a period of 60 days or more; or (vi) the Employee’s willful violation of the provisions of the Release and failure to cure such violation within 30 days after receipt of written notice of such violation; or (vii) the Company Group’s receipt of a notice from any of the governmental agencies that supervise any of them requesting that the Employee be suspended or removed from any position that the Employee then holds with the Company Group; or (viii) a violation of the BMT Code of Ethics, the BMT Code of Personal Conduct, the BMT Employee Handbook, or the BMT Insider Trading Policy to the extent the violation is determined to be material in the sole discretion of BMT.