Common use of Discharge for Misconduct Clause in Contracts

Discharge for Misconduct. If the Optionee is discharged due to misconduct (as defined immediately below) prior to the Expiration Date, the right to exercise this Option shall terminate immediately upon cessation of employment. “Misconduct” , include, but it not limited to (i) willful breach or neglect of duty; (ii) failure or refusal to work or to comply with the Company’s rules, policies, and practices; (iii) dishonesty; (iv) insubordination; (v) being under the influence of drugs (except to the extent medically prescribed) or alcohol while on duty or on Company premises; (vi) conduct endangering, or likely to endanger, the health or safety of another employee, any other person or the property of the Company; or (vii) conviction of a felony.

Discharge for Misconduct. If the Optionee Employee is discharged due to misconduct for Misconduct (as defined immediately below) prior to the Expiration DateDate of the Options, the right to exercise this Option shall terminate immediately upon cessation of employment. “Misconduct” , includeincludes, but it is not limited to to, (i) willful breach or neglect of duty; (ii) failure or refusal to work or to comply with the Company’s rules, policies, and practices; (iii) dishonesty; (iv) insubordination; (v) being under the influence of drugs (except to the extent medically prescribed) or alcohol while on duty or on Company premises; (vi) conduct endangering, or likely to endanger, endanger the health or safety of another employee, any other person or the property of the Company; or (vii) conviction of, or plea of nolo contendre to, a felony.