Cause or Underperformance definition

Cause or Underperformance means any of the following: (a) failure to follow lawful directives of such individual’s manager(s); (b) such individual’s failure to meet written and agreed upon performance expectations; (c) such individual’s violation of any written company policy; (d) any other willful action by such individual that materially and adversely affects the Company Group’s financial performance or reputation; or (e) if the Revenues generated by the Company Group during any three (3)-month period between the Closing Date and June 30, 2022 shall have been less than 85% of the forecasted Revenues for such three (3)-month period as set forth on Schedule 1.30.
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Examples of Cause or Underperformance in a sentence

  • Upon the termination of Executive’s employment with the Company under this Section 14 prior to the expiration of the Initial Term (A) by the Company for reasons other than Cause or Underperformance, or (B) by Executive for Good Reason, the Company shall pay Executive a severance benefit equal to 50% of the annual base salary Executive would have received if Executive had remained in the employ of the Company through the end of the Initial Term, but no other Benefit.

  • A Super Majority of the Port Commission shall have the right to terminate the Term of Employment at any time for reasons other than Cause or Underperformance upon 30 days’ prior written notice to Employee.

  • Upon the termination of Executive's employment with the Company under this Section 14 prior to the expiration of the Initial Term (A) by the Company for reasons other than Cause or Underperformance, or (B) by Executive for Good Reason, the Company shall pay Executive a severance benefit equal to 50% of the annual base salary Executive would have received if Executive had remained in the employ of the Company through the end of the Initial Term, but no other Benefit.