Malfeasance definition
Malfeasance means with respect to any Entity or person, any act or omission which constitutes fraud, bad faith, willful misconduct or gross negligence, whether in respect of the Council or otherwise.
Malfeasance means any act or omission by Service Provider or any of its Affiliates which constitutes actual fraud, willful misconduct, gross negligence or bad faith in connection with such Person’s activities for Company or a material breach by Service Provider of any non-compete, non-solicitation, confidentiality or business opportunity obligation set forth in this Agreement, the Company Agreement or any other agreement between Company and such Person, whether or not such breach is enforceable by injunctive relief; provided, however, that “Malfeasance” shall not include the inadvertent disclosure of Confidential Information or the mere fact that an individual officer or employee of Service Provider is also employed as part of the provision of services outside of the Contract Areas.
Malfeasance means (1) any conduct, act or omission that is contrary to Employee’s duties as an officer or employee of the Company or any of its Affiliates, or that is inimical or in any way contrary to the best interests of the Company or any of its Affiliates, or (2) employment of Employee by or association of Employee with an organization that competes with the Company or any of its Affiliates, in each case as determined by the Committee.
Examples of Malfeasance in a sentence
Without limitation on the preceding sentence, except to the extent that such action or omission constitutes Malfeasance, an Indemnified Person shall not be liable to the Partnership or to any Partner in consequence of voting for, approving, or otherwise participating in the making of a distribution by the Partnership pursuant to Sections 5, 7 or 8.
Nothing in this Section 7.6(b) shall relieve the General Partner of any actual liability under applicable law for a withdrawal in violation of Section 7.6(a) or any act that constitutes Malfeasance.
More Definitions of Malfeasance
Malfeasance means a violation of the rules provided in SCR chapter 21 and this chapter.
Malfeasance means any unlawful act committed by the provider, whether in the course of employment or other- wise.
Malfeasance means such Trustee's bad faith, gross negligence, willful misconduct or other action inconsistent with the terms of this Agreement or any of the other Governing Agreements.
Malfeasance means committing an act that a person has no authority to do, and that is wrong and unlawful.
Malfeasance means, with respect to a Person, actions or omissions constituting (i) fraud or gross negligence, or breach of any fiduciary duty arising under this Agreement (as such duty is modified herein), in each case likely to result in a material adverse effect on the Partnership, (ii) a material breach of this Agreement, material breach of applicable U.S. securities laws in respect of the Interests, or (iii) willful misconduct in connection with his, her or its duties under this Agreement. No action or omission in respect of a material breach of this Agreement described in clause (ii) of this definition of “Malfeasance” will be deemed cured pursuant to the terms of this Agreement unless and until the Partnership is compensated for any damages caused by such Malfeasance and the LP Advisory Committee has approved such cure.
Malfeasance means, with respect to any Person, any act or omission which results in a criminal conviction of such Person or which constitutes fraud, willful misconduct, gross negligence, a material breach of the Agreement, the Management Agreement, the Delegate Management Agreement or a material violation of applicable United States federal securities laws.
Malfeasance means wrongdoing or misconduct, such as an act that gives rise to civil liability for damages arising out of profes- sional conduct; or that is harmful or contrary to law; or that is a violation of professional standards or ethical rules; or an act in vi- olation of the public trust.