{"component": "definition", "props": {"groups": [{"snippet": "means:", "snippet_links": [], "size": 9023, "samples": [{"hash": "esMpInd5sru", "uri": "/contracts/esMpInd5sru#cause", "label": "Employment Agreement (Algorhythm Holdings, Inc.)", "score": 37.5585215606, "published": true}, {"hash": "5LRfME4VstA", "uri": "/contracts/5LRfME4VstA#cause", "label": "Employment Agreement (Algorhythm Holdings, Inc.)", "score": 37.5585215606, "published": true}, {"hash": "3NRYyup0K5w", "uri": "/contracts/3NRYyup0K5w#cause", "label": "Employment Agreement (Sidus Space Inc.)", "score": 37.5585215606, "published": true}], "hash": "0958f1425f29c6b4385536c9eb33667c", "id": 1}, {"snippet": "means any of the following:", "snippet_links": [], "size": 3162, "samples": [{"hash": "cxQI6AJkVP7", "uri": "/contracts/cxQI6AJkVP7#cause", "label": "Employment Agreement (Klaviyo, Inc.)", "score": 37.5284042358, "published": true}, {"hash": "fxssEqHi2Oc", "uri": "/contracts/fxssEqHi2Oc#cause", "label": "Employment Agreement (Parabilis Medicines, Inc.)", "score": 37.4216308594, "published": true}, {"hash": "lx9vvE1oEFG", "uri": "/contracts/lx9vvE1oEFG#cause", "label": "Merger Agreement (Kardigan, Inc.)", "score": 37.396987915, "published": true}], "hash": "bf45abc4fc1893e6a7ec31d8a0c0de44", "id": 2}, {"snippet": "means any of the following grounds for termination of Executive\u2019s employment:\n(i) Executive\u2019s conviction of, or plea of guilty or nolo contendere to, a felony (excluding traffic-related felonies), or any financial crime involving the Company (including, but not limited to, fraud, embezzlement or misappropriation of Company assets) which termination shall become effective immediately as of the date the Board of Directors determines to terminate this Agreement, which action must be taken on or after the date of such conviction or plea or within sixty (60) days thereafter;\n(ii) Executive\u2019s willful and gross misconduct in the performance of his duties (other than by reason of his incapacity or disability) it being expressly understood that the Company\u2019s dissatisfaction with Executive\u2019s performance shall not constitute Cause;\n(iii) Executive\u2019s continuous, willful and material breach of this Agreement after written notice of such breach has been given by the Board in its reasonable discretion exercised in good faith; provided that, in no event shall any action or omission in subsection (ii) or (iii) constitute \u201cCause\u201d unless (1) the Company gives notice to Executive stating that Executive will be terminated for Cause, specifying the particulars thereof in reasonable detail and the effective date of termination (which shall be no less than ten (10) business days following the date on which such written notice is received by Executive) (the \u201cCause Termination Notice\u201d), (2) the Company provides Executive and his counsel with an opportunity to appear before the Board to rebut or dispute the alleged reason for termination on a specified date that is at least three (3) business days following the date on which the Cause Termination Notice is given, but prior to the stated termination date described in clause (1), and (3) a majority of the Board (calculated without regard to Executive, if applicable) determines that Executive has failed to materially cure or cease such misconduct or breach within ten (10) business days after the Cause Termination Notice is given to him. For purposes of the foregoing sentence, no act, or failure to act, on Executive\u2019s part shall be considered willful unless done or omitted to be done, by him not in good faith and without reasonable belief that his action or omission was in the best interest of the Company, and any act or omission by Executive pursuant to the authority given pursuant to a resolution duly adopted by the Board or on the advice of counsel to the Company will be deemed made in good faith and in the best interest of the Company.", "snippet_links": [{"key": "termination-of-executive", "type": "clause", "offset": [39, 63]}, {"key": "conviction-of", "type": "clause", "offset": [94, 107]}, {"key": "nolo-contendere", "type": "definition", "offset": [130, 145]}, {"key": "financial-crime", "type": "definition", "offset": [204, 219]}, {"key": "not-limited", "type": "clause", "offset": [258, 269]}, {"key": "company-assets", "type": "definition", "offset": [317, 331]}, {"key": "termination-shall", "type": 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"uri": "/contracts/4QZoq0Qr0Up#cause", "label": "Employment Agreement (Union Bankshares Inc)", "score": 37.2135505676, "published": true}], "hash": "4eba7634b6677eef2a41a2216e82ddc0", "id": 4}, {"snippet": "means willful misconduct by the Participant or willful failure by the Participant to perform his or her responsibilities to the Company (including, without limitation, breach by the Participant of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar agreement between the Participant and the Company), as determined by the Company, which determination shall be conclusive. The Participant shall be considered to have been discharged for \u201cCause\u201d if the Company determines, within 30 days after the Participant\u2019s resignation, that discharge for cause was warranted.", "snippet_links": [{"key": "willful-misconduct", "type": "clause", "offset": [6, 24]}, {"key": "failure-by-the", "type": "clause", "offset": [55, 69]}, {"key": "to-the-company", "type": "definition", "offset": [121, 135]}, {"key": "without-limitation", "type": "clause", "offset": [148, 166]}, {"key": "breach-by", "type": "clause", "offset": [168, 177]}, {"key": "provision-of", "type": "clause", "offset": [201, 213]}, {"key": "agreement-between", "type": "clause", "offset": [300, 317]}, {"key": "and-the-company", "type": "clause", "offset": [334, 349]}, {"key": "by-the-company", "type": "clause", "offset": [366, 380]}, {"key": "the-participant-shall", "type": "clause", "offset": [423, 444]}, {"key": "days-after", "type": "definition", "offset": [532, 542]}, {"key": "discharge-for-cause", "type": "definition", "offset": [579, 598]}], "size": 759, "samples": [{"hash": "kXYwDdgu8lA", "uri": "/contracts/kXYwDdgu8lA#cause", "label": "Nonstatutory Stock Option Agreement (MEI Pharma, Inc.)", "score": 32.4236831665, "published": true}, {"hash": "6R9Wdh5krGd", "uri": "/contracts/6R9Wdh5krGd#cause", "label": "Nonstatutory Stock Option Agreement (MEI Pharma, Inc.)", "score": 32.4236831665, "published": true}, {"hash": "dXECOgDaIko", "uri": "/contracts/dXECOgDaIko#cause", "label": "Nonstatutory Stock Option Agreement (Infinity Pharmaceuticals, Inc.)", "score": 30.5838470459, "published": true}], "hash": "ac2e698f01ec1f8009f55f7727f92d70", "id": 5}, {"snippet": "means the Executive\u2019s:", "snippet_links": [{"key": "the-executive", "type": "clause", "offset": [6, 19]}], "size": 697, "samples": [{"hash": "2qexyBzGIg0", "uri": "/contracts/2qexyBzGIg0#cause", "label": "Employment Agreement (Applied Aerospace & Defense, Inc.)", "score": 37.396987915, "published": true}, {"hash": "2fzS2gOS0GB", "uri": "/contracts/2fzS2gOS0GB#cause", "label": "Employment Agreement (Applied Aerospace & Defense, Inc.)", "score": 37.396987915, "published": true}, {"hash": "ewi82nCgJAX", "uri": "/contracts/ewi82nCgJAX#cause", "label": "Employment Agreement (Store Capital LLC)", "score": 37.328540802, "published": true}], "hash": "2d3a0628758405e706198d4ea085092e", "id": 6}, {"snippet": "used in connection with the termination of employment of the Executive shall have the same meaning ascribed to such term in any employment or severance agreement then in effect between Executive and the Company or one of its subsidiaries or, if no such agreement containing a definition of \"Cause\" is then in effect, shall mean (i) the continued failure of the Executive to perform substantially the Executive's duties with the Company or one of its subsidiaries (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Executive by the Company which specifically identifies the manner in which the Company believes that the Executive has not substantially performed the Executive's duties; (ii) the willful engaging by the Executive in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company or one of its subsidiaries; or (iii) conviction of a felony or guilty or nolo contendere plea by the Executive with respect thereto. For purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered \"willful\" unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive's action or omission was in the best interests of the Company or one of its subsidiaries. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board of Directors of the Company or upon the instructions of the Chief Executive Officer of the Company (while the Executive does not serve as such) or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company and its subsidiaries. The cessation of employment of the Executive shall not be deemed to be for Cause unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than 75% of the entire membership of the Board of Directors of the Company (excluding the Executive) at a meeting of the Board of Directors of the Company called and held for such purpose (after reasonable notice is provided to the Executive and the Executive is given an opportunity, together with counsel, to be heard before the Board of Directors of the Company) finding that, in the good faith opinion of the Board of Directors of the Company, the Executive is guilty of the conduct described in (i), (ii) or (iii) above, and specifying the particulars thereof in detail.", "snippet_links": [{"key": "in-connection-with", "type": "clause", "offset": [5, 23]}, {"key": "termination-of-employment-of-the-executive", "type": "clause", "offset": [28, 70]}, {"key": "same-meaning", 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"0ca425d574d74a2aff3ca24f81acc729", "id": 8}, {"snippet": "shall occur hereunder only upon:\n(i) the willful and continued failure by Executive substantially to perform his duties with the Company (other than any such failure resulting from his incapacity due to physical or mental illness) after a written demand for substantial performance is delivered to him by the Board which specifically identifies the manner in which the Board believes that he has not substantially performed his duties,\n(ii) Executive\u2019s willful breach of fiduciary duty, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses), willful violation of a final cease and desist order or willful engaging in other gross misconduct which is materially and demonstrably injurious to the Company or any Subsidiary, or\n(iii) Executive\u2019s conviction of, or pleading guilty or nolo contendere to, the commission of a felony involving fraud, embezzlement, theft or moral turpitude. For purposes of this Section 23(d), no act, or failure to act, on Executive\u2019s part described in clause (i) or (ii) above shall be considered \u201cwillful\u201d unless done, or omitted to be done, by him not in good faith and without reasonable belief that his action or omission was in the best interest of the Company and its Subsidiaries. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a copy of a resolution duly adopted by the affirmative vote of not less than two-thirds of the entire membership of the Board at a meeting of the Board called and held for the purpose, among others (after at least 20 days prior notice to Executive and an opportunity for Executive, together with his counsel, to be heard before the Board), of finding that (x) in the good faith opinion of the Board Executive failed to perform his duties or engaged in misconduct as set forth above in clause (i) or (ii) of this paragraph, and, if applicable, that Executive did not correct such failure or cease such misconduct after being requested to do so by the Board, or (y) as set forth in clause (iii) of this paragraph, Executive has been convicted of or has entered a plea of nolo contendere to the commission of a felony. The fact that Executive is or shortly may be \u201cretirement eligible\u201d and thus eligible for or entitled to post-retirement benefits from any plan, arrangement or program sponsored, participated in or contributed to by the Company or any Subsidiary shall not prevent Executive\u2019s termination from being considered termination for Cause.", "snippet_links": [{"key": "by-executive", "type": "clause", "offset": [71, 83]}, {"key": "resulting-from", "type": "definition", "offset": [166, 180]}, {"key": "mental-illness", "type": "definition", "offset": [215, 229]}, {"key": "written-demand", "type": "clause", "offset": [239, 253]}, {"key": "substantial-performance", "type": "clause", "offset": [258, 281]}, {"key": "by-the-board", "type": "clause", "offset": [302, 314]}, {"key": "substantially-performed", "type": "definition", "offset": [400, 423]}, {"key": "breach-of-fiduciary-duty", "type": "definition", "offset": [461, 485]}, {"key": "willful-violation", "type": "clause", "offset": 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