Cause for Termination definition
Cause for Termination means:
Cause for Termination means:
(i) the deliberate and intentional failure by the Executive to devote substantially the Executive’s entire business time and best efforts to the performance of the Executive’s duties (other than any such failure resulting from the Executive’s incapacity due to physical or mental illness or disability); or
(ii) engaging by the Executive in gross misconduct materially and demonstrably injurious to the Corporation; or
(iii) the conviction of the Executive of, or the entry of a plea of guilty or Nolo Contendre by the Executive to, a crime involving an act of fraud or embezzlement against the Corporation or the conviction of the Executive of, or the entry of a plea of Nolo Contendre by the Executive to, any felony involving moral turpitude; or
(iv) the Executive’s material breach of Section 4 or Section 8 hereof which continues for ten (10) days after receiving written notice thereof from the Corporation or the Executive’s willful failure to comply with instructions of the Board of Directors of the Corporation provided that such instructions would not give rise to Good Reason for Termination. For purposes of this definition, no act, or failure to act, on the Executive’s part shall be considered “deliberate and intentional” or to constitute gross misconduct unless done, or omitted to be done, by the Executive not in good faith and without reasonable belief that the Executive’s action or omission was in the best interests of the Corporation.
Cause for Termination means (i) fraud or embezzlement by Founder in connection with his employment with the Corporation, (ii) a willful act of material dishonesty by Founder in connection with his employment with the Corporation that results in or would reasonably be expected to result in material loss to the Corporation, or (iii) Founder’s conviction of, or plea of guilty to, a felony that results in or would reasonably be expected to result in material loss to the Corporation.
Examples of Cause for Termination in a sentence
The Board meeting shall be held not less than ten (10) and not more than twenty (20) business days after Executive receives the Notice of Cause for Termination.
Should the Board of Directors of the Corporation determine that Cause for Termination exists, the Board of Directors of the Corporation by resolution duly adopted may at that time or during a period of two months thereafter terminate the Executive's employment due to Cause for Termination by delivering a Notice of Termination.
Executive’s termination for Cause shall be effective when and if a resolution is duly adopted at the Board meeting by a two‑thirds vote of the entire membership of the Board, stating that in the good faith opinion of the Board, Executive conducted himself as described in the Notice of Cause for Termination, and that such conduct constitutes Cause under this Agreement.
If the Board of Directors of the Corporation fails to duly adopt within such two month period a resolution terminating the Executive's employment, then the Corporation shall be deemed to have waived its right to terminate the Executive due to those circumstances which constituted the Cause for Termination previously found to exist by the Board.
Should the Board of Directors of the Corporation determine that Cause for Termination exists, the Board of Directors of the Corporation by resolution duly adopted may at that time or during a period of two months thereafter terminate the Executive’s employment due to Cause for Termination by delivering a Notice of Termination.
More Definitions of Cause for Termination
Cause for Termination shall be limited solely and exclusively to any of the following grounds:
(i) Fraud, misappropriation, theft, embezzlement or other willful and deliberate acts of similar dishonesty;
(ii) Conviction of, or a plea of guilty or nolo contendre to, a felony or a crime involving moral turpitude;
(iii) Illegal use of drugs in the workplace;
(iv) Intentional and willful misconduct that subjects the Corporation to criminal liability or material civil liability;
(v) Willful and deliberate breach of the Executive’s duty of loyalty, including, but not limited to, the diversion or usurpation of corporate opportunities properly belonging to the Corporation;
(vi) Willful and deliberate disregard of the Corporation’s policies and procedures in any material respect;
(vii) Material breach or violation of the Corporation’s Code of Ethics for Senior Executive and Financial Officers or a material breach or violation of the Corporation’s Code of Business Conduct and Ethics, if applicable;
(viii) Willful and deliberate breach or violation of any of the material terms of this Agreement, including but not limited to, the covenants and restrictions set forth in this Agreement;
(ix) Willful and deliberate insubordination, willful and deliberate refusal to perform, or willful gross neglect in the performance of, his/her duties or responsibilities, or willful and deliberate refusal to follow the proper instructions of the Corporation, if any; or
(x) Failure of the Executive to fully cooperate as directed by the Corporation in any action, litigation, investigation or other proceeding brought before or by any Governmental Authority. For purposes of this definition, no act, or failure to act, on the Executive’s part shall be considered “deliberate,” “intentional” or “willful” unless done, or omitted to be done, by the Executive with a lack of good faith and with a lack of reasonable belief that his action or omission was in the best interests of the Corporation.
Cause for Termination means: (a) indictment or conviction of any felony or of any crime involving dishonesty; (b) participation in any fraud or act of dishonesty against the Company; (c) Executive's failure to perform his duties to the Company in a satisfactory manner; (d) intentional damage to any property of the Company; or (e) conduct by Executive which in the good faith and reasonable determination of the President and Chief Executive Officer demonstrates lack of fitness to serve.
Cause for Termination. Cause") shall mean Employee's:
Cause for Termination of Executive's employment shall exist (i) if Executive is convicted of, pleads guilty to, or confesses to any felony or any act of fraud, misappropriation or embezzlement, (ii) if Executive fails to comply with the terms of this Agreement, and, within ten (10) days after written notice from Employer of such failure, Executive has not corrected such failure or, having once received such notice of failure and having so corrected such failure, Executive at any time thereafter again so fails, or (iii) if Executive violates any of the provisions contained in Section 5 of this Agreement.
Cause for Termination means any reason related to the violation of policies, rules or directions of any employer or its management, misconduct or negligence in performing assigned responsibilities, failure to meet performance goals or objectives or to fulfill customary duties, conduct damaging to property or other interests, fraud, misappropriation, dishonesty or abuse of alcohol or any controlled substance, or similar basis related to performance or character.
Cause for Termination means (i) the deliberate and intentional failure by the Executive to devote substantially his entire business time and best efforts to the performance of his duties (other than any such failure resulting from the Executive's incapacity due to physical or mental illness or disability) after a demand for substantial performance is delivered to the Executive by the Board of Directors of the Corporation which specifically identifies the manner in which the Board believes that the Executive has not substantially performed his duties, or (ii) the deliberate and intentional engaging by the Executive in gross misconduct materially and demonstrably injurious to the Corporation. For purposes of this definition, no act, or failure to act, on the Executive's part shall be considered "deliberate and intentional" unless done, or omitted to be done, by the Executive not in good faith and without reasonable belief that his action or omission was in the best interests of the Corporation.
Cause for Termination means (i) the Founder’s conviction or plea of nolo contendere to any felony or crime of moral turpitude; (ii) act of fraud by Founder against the Corporation or a parent or subsidiary of the Corporation; (iii) unauthorized use or disclosure by Founder of any proprietary information or trade secrets of the Corporation or a parent or subsidiary of the Corporation; (iv) gross negligence or willful misconduct in the performance of Founder’s duties that has a material adverse effect on the Corporation or a parent or subsidiary of the Corporation; and/or (v) violation of the Corporation’s anti-discrimination and anti-harassment policies (as determined by the Board of Directors or a committee thereof in its sole concurrent discretion).