Legitimate Claims definition
Legitimate Claims means any claims, allegations or assertions which, in the reasonable, good faith opinion of the Board (after a diligent investigation of the facts), have substantial merit.
Legitimate Claims means conduct by the Executive, or Executive’s failure to act, undertaken in dereliction of his duties, gross negligence or without a good-faith belief in the lawfulness of such action resulting in any claims, allegations or assertions which, in the reasonable opinion of the Company (after a diligent investigation of the facts), have substantial merit and which would reasonably and customarily require the discharge of an executive employee; (vii) Executive’s disregard of the lawful and reasonable directives of the CEO or Board communicated to Executive; (viii) Executive’s failure to maintain the privacy of Confidential Information of the Company or Affiliates except for such disclosure in connection with the good faith performance of Executive’s duties or as may be required by subpoena or in connection with any allegation of wrongdoing; (ix) a breach by Executive of any covenant or agreement between Executive and the Company set forth in Sections 4 and 5 hereof; or (x) the Company is temporarily or permanently enjoined from employing Executive, or a court otherwise orders the Company to cease employing Executive, or the Company determines in its reasonable discretion that it is in the best interests of the Company and/or its employees, officers or directors that Executive’s employment with the Company be terminated due to restrictions or covenants to which Executive agreed with a prior entity which is likely to impact Executive’s ability to timely perform his duties herein on behalf of the Company. Provided, however, that the Company shall not terminate the employment of the Executive as a result of the alleged events described in clauses (iv) or (vii) above unless the Company provides the Executive written notice and the Executive thereafter fails to cure such event (if in the reasonable determination of the Company such matters are curable), within thirty (30) days after receipt of such notice.
Legitimate Claims means conduct by you, or your failure to act, undertaken in dereliction of your duties, gross negligence or without a good- faith belief in the lawfulness of such action resulting in any claims, allegations or assertions which, in the reasonable opinion of the Company (after a diligent investigation of the facts), have substantial merit; (ix) your disregard of the lawful and reasonable directives of the CEO or Board communicated to you; (x) your failure to maintain the privacy of Confidential Information of the Company and/or its subsidiaries except for such disclosure in connection with the good faith performance of your duties or as may be required by subpoena or in connection with any allegation of wrongdoing; (xi) a breach by you of the Confidentiality and Post- Employment covenants set forth in Section 10; or (xii) the Company is temporarily or permanently enjoined from employing you, or a court otherwise orders the Company to cease employing you, or the Company determines in its reasonable discretion that it is in the best interests of the Company and/or its employees, officers or directors that your employment with the Company be terminated due to restrictions or covenants to which you agreed with a prior entity which is likely to impact your ability to timely perform your duties herein on behalf of the Company. Provided, however, that the Company shall not terminate the employment relationship as a result of the alleged events described in sub-parts (ii) through (xii) above unless the Company provides you written notice and you thereafter fail to cure such event (if in the reasonable determination of the Company such matters are curable), within thirty (30) days after receipt of such notice.
Examples of Legitimate Claims in a sentence
The term "Legitimate Claims" shall mean any claims, allegations or assertions which, in the reasonable opinion of Employer (after a diligent investigation of the facts, have substantial merit.
More Definitions of Legitimate Claims
Legitimate Claims means any claims, allegations or assertions which, in the reasonable opinion of Employer (after a diligent investigation of the facts, have substantial merit.