Termination of Employment with Cause definition

Termination of Employment with Cause means a Termination of Employment of an employee or non-employee director by reason of an act of misconduct which (a) is material, (b) is willful and in bad faith, and (c) results in material damage or harm to the Company or such affiliate, or materially adversely affects the present or future financial condition of the Company or such affiliate; provided however, that with respect to an employee or non-employee director who is a party to a written agreement with, or alternatively, participates in a compensation or benefit plan that contains a definition of “for cause” or “cause” (or words of similar import) for purposes of termination of employment thereunder by the Company or any Subsidiary any such termination pursuant to such definition shall be a “Termination of Employment with Cause” for the purposes of this Plan.
Sample 1
Termination of Employment with Cause means a termination of employment of the Stockholder by the Corporation or any affiliate thereof by reason of an act of misconduct by such Stockholder which (1) is material, (2) is willful and in bad faith, and (3) results in material damage or harm to the Corporation or such affiliate, or materially adversely affects the present or future financial condition of the Corporation or such affiliate.
Sample 1

Examples of Termination of Employment with Cause in a sentence

  • For avoidance of doubt, this Section 8 will apply in any case where the Participant voluntarily terminates service with the Company or where the Participant experiences a Termination of Employment with Cause.

  • In the event of Termination of Employment with Cause by the Company or an Affiliate (except as provided in 6.2(e)): the last day of the 90th consecutive day period following such Termination of Employment.

  • Upon any other Termination of Employment prior to Normal Retirement Age, including a Termination of Employment with Cause, but other than any Termination of Employment described in Section 2.2, 2.3 or 2.4 above, the Company shall not pay any benefits to the Executive.

  • Termination of Employment Without Cause shall mean Termination of Employment for all reasons except Termination of Employment with Cause.

  • Cause" for the purposes of determining whether the Participant incurs a Termination of Employment with Cause shall be determined by reference to the Participant's employment agreement or any other agreement that governs the terms pursuant to which the Participant provides services to the Company and the context of the Participant's Termination of Employment.

  • For avoidance of doubt, if the Participant's services to the Company are terminated for cause under the terms of any governing agreement or at common law, the Participant shall incur a Termination of Employment with Cause for the purpose this RSU Award Agreement.

  • Termination of Employment with Cause: If GRIC terminates your employment with cause, GRIC will provide you with a severance payment equivalent to three (3) months’ base salary, payable in accordance with GRIC’s normal payroll policies.

  • Upon a Participant’s Termination of Employment with Cause, no benefit shall be payable under this Plan.

  • The price for the Vested Plan Shares of the Recipient to be purchased pursuant to this Section 7.7 upon Termination of Employment with Cause shall be the least of (i) the federal income tax basis of the Recipient for such Vested Plan Shares or (ii) the Fair Market Value of such Vested Plan Shares as of the date of Termination of Employment or (iii) the amount, if any, determined pursuant to Section 8.4(b).

  • Termination of Employment with Cause: If the Company terminates your employment with cause, the Company will provide you with a severance payment equivalent to three (3) months' base salary, payable in accordance with the Company's normal payroll policies.

Related to Termination of Employment with Cause

  • Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary (other than a termination for Cause) or termination of employment by a Participant Employee for Good Reason.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Termination for Just Cause means termination because of Executive’s personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this Agreement.

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • 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:

  • Constructive Termination Without Cause means the termination of the Executive’s employment at his initiative after, without the Executive’s prior written consent, one or more of the following events:

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Good Reason means:

  • Termination With Cause means the termination of the Executive’s employment by act of the Board for any of the following reasons:

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.

  • Termination Without Cause means termination by the Company other than due to the Executive’s death or disability or Termination With Cause.

  • For Cause means:

  • Constructive Termination means:

  • Termination of Service means:

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

  • Just Cause means:

  • Notice of Termination for Good Reason shall have the meaning set forth in Section 1(t).

  • Without Cause means a termination by the Company of the Employee’s employment during the Employment Period for any reason other than a termination based upon Cause, death or Disability.

  • Due Cause means any of the following events: