Termination of Employment for Cause means the termination of the Stockholder’s employment with the Company or its Subsidiaries for Cause.
Termination of Employment for Cause means termination upon: (i) Employee's repeated failure or refusal to perform his duties hereunder faithfully, diligently, competently and to the best of his ability for reasons other than serious disability or other incapacity; (ii) Employee's violation of any material provision of this Agreement; or (iii) Employee's clear and intentional violation of a state or federal law of which he is aware or should have been aware: (a) involving the commission of a felonious crime against the Corporation which has a materially adverse effect upon the Corporation; or
Termination of Employment for Cause means a termination of an Eligible Officer’s employment by the Corporation or any of its subsidiaries based on a determination (i) that there has been a willful and continuing failure of the Eligible Officer to perform substantially his or her duties and responsibilities (other than as a result of Eligible Officer’s death or Disability) and, if such willful and continuing failure may be cured by the Eligible Officer, that such failure has not been cured by the Eligible Officer within ten (10) business days after written notice of such was given to the Eligible Officer, or (ii) that the Eligible Officer has committed an act of Misconduct.
Examples of Termination of Employment for Cause in a sentence
In the event of a Termination of Employment for Cause, all outstanding Awards, whether vested or not, shall be forfeited.
Unless otherwise determined by the Committee, if an optionee incurs a Termination of Employment for Cause, all Stock Options held by such optionee shall thereupon terminate.
Except as provided in Section 5.2 hereof, the Company’s repurchase of any Shares under Section 2.1 shall take place within one hundred eighty days (180) days after the Termination of Employment for Cause following notice to the Stockholder (the “Repurchase Notice”) specifying the number of Shares to be repurchased.
The Administrator has the authority to cause all outstanding Options held by an Awardee to terminate immediately in their entirety upon first notification to the Awardee of the Awardee’s Termination of Employment for Cause.
Upon the Termination of Employment for Cause at any time, the Company shall have the right to repurchase from the Stockholder, and the Stockholder will at the request of the Company sell to the Company all or any portion of the Shares at a purchase price per Share equal to the Original Price Per Share.
More Definitions of Termination of Employment for Cause
Termination of Employment for Cause means the termination of Executive's employment by FirstMerit on account of (i) intentional misconduct and/or gross negligence by Executive that has a material adverse effect on FirstMerit, monetarily or otherwise, (ii) Executive's personal dishonesty, (iii) incompetence, (iv) breach of a fiduciary duty involving personal profit, (v) intentional failure to perform stated duties, (vi) willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and- desist order, or (ii) material breach of any provision of this Agreement by Executive. No act by Executive shall be considered intentional unless Executive acted or failed to act with an absence of good faith and without a reasonable belief that his action or failure to act was in the best interest of FirstMerit. Notwithstanding the foregoing, there shall not be deemed to have been a Termination of Employment for Cause unless and until there shall have been delivered to Executive a copy of a resolution, duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board stating that the Board believes the Executive has engaged in conduct described in the preceding sentence.
Termination of Employment for Cause means a termination of a Grantee’s employment by the Corporation or any of its subsidiaries because (i) there has been a willful and continuing failure of the Grantee to perform substantially his or her duties and responsibilities (other than as a result of Grantee’s death or Disability) and, if such willful and continuing failure may be cured by the Grantee, that such failure has not been cured within ten (10) business days after written notice of such was given to the Grantee, or (ii) the Grantee has committed an act of Misconduct.
Termination of Employment for Cause means the termination of Executive's employment by FirstMerit for any of the following reasons:
(i) Felonious criminal activity whether or not affecting FirstMerit;
(ii) Disclosure to unauthorized persons of FirstMerit information which is believed by the Board of Directors of FirstMerit, acting in good faith, to be confidential; provided, however, that any such disclosure shall not be considered to be "cause" for termination to the extent that:
(a) it is required of Executive pursuant to an order of a court having competent jurisdiction or a subpoena from an appropriate government agency; or
(b) it is made by Executive in the ordinary course of business within the scope of his authority;
(iii) Dishonesty or the breach of any contract with or violation of any legal obligation to FirstMerit;
(iv) Gross negligence or insubordination in the performance of duties held by the President and Chief Operating Officer of FirstMerit.
Termination of Employment for Cause means a termination of a Grantee’s employment by the Corporation or any of its subsidiaries because (i) there has been a willful and continuing failure of the Grantee to perform substantially his or her duties and responsibilities (other than as a result of Xxxxxxx’s death or Disability) and, if such willful and continuing failure may be cured by the Grantee, that such failure has not been cured within ten (10) business days after written notice of such was given to the Grantee, or (ii) the Grantee has committed an act of Misconduct.
Termination of Employment for Cause means termination of employment for (i) the commission of an act of dishonesty, including but not limited to misappropriation of funds or property of the Company; (ii) the engagement in activities or conduct injurious to the reputation of the Company; (iii) the conviction or entry of a guilty or no contest plea to a misdemeanor involving an act of moral turpitude or a felony; (iv) the violation of any of the terms and conditions of any written agreement the Optionee may have from time to time with the Company (following 30 days' written notice from the Company specifying the violation and the employee's failure to cure such violation within such 30-day period); or (v) any refusal to comply with the written directives, policies or regulations established from time to time by the Board.
Termination of Employment for Cause has the meaning set forth in Article 5.
Termination of Employment for Cause means a Termination of Employment following the occurrence of any of the following events: