illegal act definition
illegal act means any action or omission to act that vio-
illegal act means an act or omission that violates any law,
illegal act means a reasonable determination by the Board made in good faith (without the participation of Executive), pursuant to the exercise of its business judgment, that Executive has been indicted by a state or federal grand jury with respect to a felony, a crime of moral turpitude or any crime involving the Company (other than pursuant to actions taken at the direction or with the approval of the Board) and a special committee of the Board, chaired by an outside director appointed by the Chair of the Audit Committee, considers the matter, makes a recommendation to the Board to terminate Executive’s employment for an Illegal Act, and the Board concurs in that recommendation.
More Definitions of illegal act
illegal act means the commission of a crime involving moral turpitude in the discharge of the person's official duties, including but not limited to: A violent offense, as defined in RCW 9.94A.030; a sex offense, as defined in RCW 9.94A.030; theft, as defined in RCW 9A.56.030 through 9A.56.050; fraud under chapter 9A.60 RCW; malicious mischief, as defined in RCW 9A.48.070 through 9A.48.090; and indecent exposure, as defined in RCW 9A.88.010.