Involuntary Termination–Not for Cause definition

Involuntary Termination–Not for Cause means termination of employment for reasons other than “For Cause,” Change in Control as defined below, death, Retirement or Total and Permanent Disability as defined above.
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Involuntary Termination–Not for Cause means an involuntary termination for reasons other than “For Cause” as defined above.
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Involuntary Termination–Not for Cause. -- means termination of employment of a Participant for reasons other than those specified as reasons for Involuntary Termination For Cause; provided, that said definition shall not include termination of employment of a Participant resulting from the sale of all or substantially all of the capital stock or assets of Chi-Chi's or El Torito prior to the Expiration Date.
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Examples of Involuntary Termination–Not for Cause in a sentence

  • If an Optionee's service shall terminate for any reason other than death, disability, retirement or Involuntary Termination Not For Cause, any Options which are unexercised as of the date of such termination shall be forfeited and no longer subject to any right to exercise.

  • In the event of termination of service by reason of retirement (as defined above) or Involuntary Termination Not For Cause, each of the then outstanding options of such holder granted on or after January 1, 1997 will be exercisable only to the extent exercisable as of the date of such retirement or termination and shall expire on the date thirty (30) calendar days after the date of such retirement or termination, or on its stated expiration date, whichever shall first occur.

  • In the event of the termination of service on the Board by the holder of any option, other than (i) by reason of retirement (as defined above), (ii) by the Company for any reason other than for cause ("Involuntary Termination Not For Cause"), or (iii) by reason of total and permanent disability or death as set forth in paragraph G.

Related to Involuntary Termination–Not for Cause

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Voluntary Termination means the termination by Executive of Executive's employment following a Change in Control which is not the result of any of clauses (i) through (v) set forth in the definition of Involuntary Termination above.

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written 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. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • For Cause means:

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Good Reason means:

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Company Termination Event means any of the following:

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Qualified Termination has the meaning set forth in Section 4(b).