Serious Reason means any of the following grounds for the Executive’s termination of employment listed: (i) the Executive’s knowing and material dishonesty or fraud committed in connection with the Executive’s employment; (ii) theft, misappropriation, or embezzlement by the Executive of the Company’s funds; (iii) the Executive repeatedly negligently performing or failing to perform, or willfully refusing to perform, the Executive’s duties to the Company (other than a failure resulting from Executive’s incapacity due to physical or mental illness); (iv) the Executive’s conviction of or a plea of guilty to any crime involving fraud or misrepresentation, or any other crime (whether or not connected with his employment) the effect of which is likely to adversely affect the Company or its Affiliates; (v) a material breach by the Executive of any of the provisions or covenants set forth in this Agreement; (vi) a material breach by the Executive of the Company’s Code of Conduct and Business Ethics; (vii) any other act or omission by the Executive that has a material adverse effect on the Company’s ability to operate or (viii) any other acts, omissions or circumstances that constitute a serious reason for termination of employment without prior notice pursuant to Article 2094 of the Civil Code of Quebec. Prior to any termination of employment for Serious Reason pursuant to each such event listed in (i), (iii), (v), (vi), or (vii) above, to the extent such event(s) is capable of being cured by the Executive, the Company shall give the Executive written notice thereof describing in reasonable detail the circumstances constituting the Serious Reason and the Executive shall have the opportunity to remedy same within thirty (30) days after receiving written notice.
Serious Reason means a serious reason pursuant to Article 2094 of the CCQ and includes, without limitation, (a) the Executive’s breach of a material term of this Agreement; (b) the Executive’s conviction of a criminal offence involving fraud or dishonesty, or which otherwise adversely impacts the reputation of the Company; (c) the Executive directly or indirectly making personal profit out of or in connection with a transaction or business opportunity to which the Company is involved or otherwise associated with, without making disclosure to and seeking the prior written consent of the Company; (d) the Executive’s failure to comply with any Company rules or policies of a material nature; (e) the Executive’s continued failure to substantially perform their job duties; (f) any actions or omissions on the Executive’s part constituting gross misconduct or negligence in connection with the business of the Company.
Examples of Serious Reason in a sentence
If the Executive’s employment is terminated by the Company without Serious Reason or by the Executive for Good Reason, the provisions of this Section 6 shall apply.
The Company may terminate the Executive’s employment at any time for Serious Reason upon simple written notice to the Executive, in which event all payments under this Agreement shall cease, except for any Accrued Obligations.
More Definitions of Serious Reason
Serious Reason means a serious reason pursuant to Article 2094 of the CCQ and includes, without limitation, (a) the Executive's breach of a material term of this Agreement; (b) the Executive's conviction of a criminal offence involving fraud or dishonesty, or which otherwise adversely impacts the reputation of the Company; (c) the Executive directly or indirectly making personal profit out of or in connection with a transaction or business opportunity to which the Company is involved or otherwise associated with, without making disclosure to and seeking the prior written consent of the Company; (d) the Executive's failure to comply with any Company rules or policies of a material nature; (e) the Executive's continued failure to substantially perform his job duties; (f) any actions or omissions on the Executive's part constituting gross misconduct or negligence in connection with the business of the Company.
Serious Reason means a serious reason that would constitute just cause at common law.
Serious Reason means any act or failure to act by the Employee constituting a “serious reason” under Article 2094 of the Civil Code of Québec;
Serious Reason means any event or circumstance which, pursuant to applicable law, constitutes a serious reason for termination of a service agreement without either notice or payment in lieu of notice or any damages whatsoever and shall include, without limitation, the occurrence of any of the following acts or events:
(i) any material breach of this Agreement by the Consultant or Mr. Chornet not cured within ten (10) days after written notice thereof (provided however that no notice shall be given in the event of a breach by the Consultant or Mr. Chornet of any of the restrictive covenants which are set forth in Articles V, VI, VII, VIII and IX);
(ii) theft or fraud of or from the Client or any other act of dishonesty;
(iii) failure by the Consultant or Mr. Chornet to act honestly and in the best interest of the Client;
(iv) any behaviour of the Consultant or Mr. Chornet or any conviction of a crime (other than traffic violations and minor misdemeanors), causing harm or damage to the Client’s public image or relations with authorities;
(v) any actions or omissions on the part of the Consultant or Mr. Chornet constituting gross misconduct or negligence resulting in material harm to the Client;
(vi) the Consultant, Mr. Chornet or any member of the Chornet’s family making personal profit out of or in connection with a transaction or a business opportunity in which the Client is involved or to which it is associated, without making disclosure to and seeking the prior written consent of the Board of Directors of the Client;
(vii) the Consultant is no longer able to provide the services of Mr. Chornet as its key executive in fulfilling the Consulting Services under this Agreement; provided that, for greater certainty, if the Consultant is offered a change of title, position and/or responsibilities from that described at Section 2.1 to another title, position and/or set of responsibilities at an executive level with substantially the same compensation package, and the Consultant or Mr. Chornet refuses such change, such change shall not constitute, or be deemed to constitute, a termination without Serious Reason.
Serious Reason means that Xx.
Serious Reason means that Xx. Xxxxxxxx: