Common use of By the Corporation for Cause Clause in Contracts

By the Corporation for Cause. The Corporation may terminate this Agreement for cause at any time. For purposes of this Agreement, the term "cause," when used in connection with termination of the Agreement by the Corporation under this Section 8.1, shall be limited to (i) the willful engaging by the Employee in gross misconduct which is materially injurious to the Corporation, (ii) conviction of the Employee of a felony involving any financial impropriety or which would materially interfere with the Employee's ability to perform his services required under this Agreement or otherwise be materially injurious to the Corporation, or (iii) the willful refusal of the Employee to perform in a material respect any of his material obligations under this Agreement without proper justification after being notified with specificity by the Board of Directors in writing of the particular respects in which the Board of Directors asserts that Employee has not performed such material obligations. For purposes of this Section 8.1, no act, or failure to act, on the Employee's part shall be considered willful unless done, or admitted to be done, by the Employee in bad faith and without reasonable belief that such action or omission was in the best interest of the Corporation.

By the Corporation for Cause. The Corporation may terminate this Agreement for cause at any time. For purposes of this Agreement, the term "cause," when used in connection with termination of the Agreement by the Corporation under this Section 8.1, shall be limited to (i) the willful engaging by the Employee in gross misconduct which is materially injurious to the CorporationCorpora- tion, (ii) conviction of the Employee of a felony involving any financial impropriety or which would materially interfere with the Employee's ability to perform his services required under this Agreement or otherwise be materially injurious to the Corporation, or (iii) the willful refusal of the Employee to perform in a material respect any of his material obligations under this Agreement without proper justification after being notified with specificity by the Board of Directors in writing of the particular respects in which the Board of Directors asserts that Employee has not performed such material obligations. For purposes of this Section 8.1, no act, or failure to act, on the Employee's part shall be considered willful unless done, or admitted to be done, by the Employee in bad faith and without reasonable belief that such action or omission was in the best interest of the Corporation.. 8.2

By the Corporation for Cause. The Corporation may terminate this Agreement for cause at any time. For purposes of this Agreement, the term "cause," when used in connection with termination of the Agreement by the Corporation under this Section 8.1, shall be limited to (i) the willful engaging by the Employee in gross misconduct which is materially injurious to the Corporation, (ii) conviction of the Employee of a felony involving any financial impropriety or which would materially interfere with the Employee's ability to perform his 6 EXE______,CWG______ services required under this Agreement or otherwise be materially injurious to the Corporation, or (iii) the willful refusal of the Employee to perform in a material respect any of his material obligations under this Agreement without proper justification after being notified with specificity by the Board of Directors in writing of the particular respects in which the Board of Directors asserts that Employee has not performed such material obligations. For purposes of this Section 8.1, no act, act or failure to act, on the Employee's part shall be considered willful unless done, done or admitted to be done, by the Employee in bad faith and without reasonable belief that such action or omission was in the best interest of the Corporation.

By the Corporation for Cause. The Corporation may terminate this Agreement for cause at any time. For purposes of this Agreement, the term "cause," when used in connection with termination of the Agreement by the Corporation under this Section 8.1, shall be limited to (i) the willful engaging by the Employee in gross misconduct which is materially injurious to the Corporation, (ii) conviction of the Employee of a felony involving any financial impropriety or which would materially interfere with the Employee's ability to perform his services required under this Agreement or otherwise be materially injurious to the Corporation, or (iii) the willful refusal of the Employee to perform in a material respect any of his material obligations under this Agreement without proper justification after being notified with specificity by the Board of Directors in writing of the particular respects in which the Board of Directors asserts that Employee has not performed such material obligations. For purposes of this Section 8.1, no act, or failure to act, on the Employee's part shall be considered willful unless done, or admitted to be done, by the Employee in bad faith and without reasonable belief that such action or omission was in the best interest of the Corporation.. 8.2