Serious Reason definition

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.
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Serious Reason has the meaning set out in Article IV § 11 (4) (Definition of Serious Reasons);
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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.
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Examples of Serious Reason in a sentence

  • This Agreement may be terminated immediately by the Company at any time for Serious Reason as defined in section 5.1 below.

  • DRAXIS may terminate this Agreement and your employment hereunder, in its sole discretion, Without Notice and Without Serious Reason, effective immediately upon the date you are advised of the termination (the “Date of Termination”) DRAXIS HEALTH INC.

  • Any dispute, controversy or claim arising under or in connection with this Agreement, or the breach hereof (including a dispute as to whether Serious Reason or Resignation for Good Reason exists), shall be settled by the competent courts of the Province of Ontario, City of Toronto.

  • 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.

  • If the Employee was terminated without Serious Reason within the first six (6) months of employment, the Employee will be entitled to a severance payment equal to his monthly salary multiply by the number of months the Employee was employed by GMS, plus all earned but unpaid salary, vacation pay and reimbursement of proper expenses to the date of termination.

  • 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 7 shall apply.

  • In addition, the Employee may give notice of resignation within four (4) months following the Change of Control and in those circumstances he will be entitled to receive all of the compensation payable in the case of a Termination Other than for Serious Reason.

  • In the event of a Change of Control resulting in termination without Serious Reason or resignation by the Executive for Good Reason within two years of the Change of Control, the Executive’s entitlements and the terms and conditions noted in section 4.3 with respect to the Separation Package shall apply.

  • Any dispute, controversy or claim arising under or in connection with this Agreement, or the breach hereof (including a dispute as to whether Serious Reason or Resignation for Good Reason exists), shall be settled by the competent courts of the Province of Quebec, district of Montreal.

  • In the event of a Change of Control resulting in Termination Without Serious Reason or Resignation for Good Reason within two years of the Change of Control, all of the Executive’s unvested options, shares or other equity shall immediately vest upon such termination or resignation.


More Definitions of Serious Reason

Serious Reason means a serious reason that would constitute just cause at common law.
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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;
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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:
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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.
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Serious Reason means that Xx.
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Serious Reason means that Xx. Xxxxxxxx:
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Related to Serious Reason

  • Serious Misconduct means any misconduct identified as a ground for termination in the Motorola Code of Business Conduct, or the human resources policies, or other written policies or procedures.

  • Serious harm means harm, whether physical or

  • Serious offense means any of the following felonies or a felony attempt to commit any of the following felonies, as now existing or hereafter amended:

  • serious offence means: a crime or offence involving the death of a person; a sex-related offence or a crime, including sexual assault (whether against an adult or child); child pornography, or an indecent act involving a child; fraud, money laundering, insider dealing or any other financial offence or crime, including those under legislation relating to companies, banking, insurance or other financial services; or an attempt to commit a crime or offence described in (a) to (c);

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;

  • Mysterious Disappearance means any disappearance of Property which, after a reasonable investigation has been conducted, cannot be explained.

  • Serious illness means an accident, injury, illness, disease, or physical or mental condition that: poses imminent danger of death; requires inpatient care in a hospital, hospice, or residential medical facility; or requires continuing in-home care under the direction of a physician or health care provider. Related current definitions are summarized in (f) below.

  • Serious health condition means an illness, injury, impairment, or physical or mental condition that involves:

  • Serious violation means OCC has made a valid finding when assessing a serious complaint that alleges:

  • Constructive Termination means:

  • Good Reason means:

  • serious incident means any incident that directly or indirectly led, might have led or might lead to any of the following:

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

  • Demotion means the appointment of an employee for reasons of misconduct, incompetence or incapacity, to another position for which the maximum pay is less than that of his former position.

  • Continuous Service Status means the absence of any interruption or termination of service as an Employee or Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted in the case of: (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Administrator, provided that such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (iv) in the case of transfers between locations of the Company or between the Company, its Parents, Subsidiaries, Affiliates or their respective successors. A change in status from an Employee to a Consultant or from a Consultant to an Employee will not constitute an interruption of Continuous Service Status.

  • Serious Record means a conviction or any finding of guilt regarding a Serious Offence; and Vulnerable Person means an individual aged 18 years and above who is or may be unable to take care of themselves, or is unable to protect themselves against harm or exploitation for any reason, including age, physical or mental illness, trauma or disability, pregnancy, the influence, or past or existing use, of alcohol, drugs or substances or any other reason.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events: