Cause for Termination definition

Cause for Termination means:
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.
Cause for Termination shall be limited solely and exclusively to any of the following grounds:

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.

  • 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.


More Definitions of Cause for Termination

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 (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 if the Executive commits a criminal offence involving theft, fraud or dishonesty; and