Removed for Cause Clause Samples
The "Removed for Cause" clause defines the conditions under which a party, typically an employee, contractor, or service provider, can be dismissed or replaced due to specific unacceptable actions or failures. This clause usually outlines what constitutes "cause," such as misconduct, breach of contract, or failure to meet performance standards, and describes the process for removal, which may include notice requirements or an opportunity to remedy the issue. Its core practical function is to protect the interests of the organization by providing a clear and enforceable mechanism for removing individuals who jeopardize the success or integrity of a project or business relationship.
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Removed for Cause. The term “Removed (Removal) for Cause” shall mean termination of Director’s Service by reason of any of the following: any act of embezzlement, fraud, breach of fiduciary duty, dishonesty, deliberate or reported disregard of the policies and rules of the Company as adopted by the Board of Directors of the Company, unauthorized use or disclosure of any trade secrets or confidential information of the Company, competition with the Company, inducement of any customer of the Company to breach a contract with the Company, inducement of any principal for whom the Company acts as an agent to terminate such agency relationship, gross negligence adversely impacting the Company, willful breach of this Agreement, or any other willful misconduct.