Common use of Disloyalty Clause in Contracts

Disloyalty. 14.1 The Optionee shall not engage in disloyal conduct of any kind, and, without restricting the generality of the foregoing, the Optionee shall not impair or seek to impair relations with employees, regulatory authorities and other parties with whom Tagalder or the Corporations do business or interact. The failure of the Optionee to comply fully with the provisions of this paragraph shall constitute a breach of the terms and conditions hereof and shall be grounds for dismissal for cause.

Appears in 2 contracts

Sources: Memorandum of Agreement (Tagalder 2000 Inc), Memorandum of Agreement (Tagalder 2000 Inc)