Malfeasance means (1) any conduct, act or omission that is contrary to Employee’s duties as an officer or employee of the Company or any of its Affiliates, or that is inimical or in any way contrary to the best interests of the Company or any of its Affiliates, or (2) employment of Employee by or association of Employee with an organization that competes with the Company or any of its Affiliates, in each case as determined by the Committee.

Malfeasance means a violation of the rules provided in SCR chapter 21 and this chapter.

Examples of Malfeasance in a sentence

Notwithstanding anything herein to the contrary, this Agreement shall be cancelled and the SAR granted hereby shall be forfeited, without any further action by the Committee, as a result of Employee’s Malfeasance.

More Definitions of Malfeasance

Malfeasance means any act or omission by Service Provider or any of its Affiliates which constitutes actual fraud, willful misconduct, gross negligence or bad faith in connection with such Person’s activities for Company or a material breach by Service Provider of any non-compete, non-solicitation, confidentiality or business opportunity obligation set forth in this Agreement, the Company Agreement or any other agreement between Company and such Person, whether or not such breach is enforceable by injunctive relief; provided, however, that “Malfeasance” shall not include the inadvertent disclosure of Confidential Information or the mere fact that an individual officer or employee of Service Provider is also employed as part of the provision of services outside of the Contract Areas.

Malfeasance means any unlawful act committed by the provider, whether in the course of employment or other- wise.

Malfeasance means such Trustee's bad faith, gross negligence, willful misconduct or other action inconsistent with the terms of this Agreement or any of the other Governing Agreements.

Malfeasance means committing an act that a person has no authority to do, and that is wrong and unlawful.

Malfeasance means, with respect to any Person, any act or omission that constitutes: (a) gross negligence in respect of CF LLC or any investment thereof; (b) fraud or willful misconduct; or (c) a willful breach of this Agreement that remains uncured for at least 30 days after the Manager had actual knowledge, or should have had knowledge, thereof.

Malfeasance means doing an act that a licensee should not do.

Malfeasance means, with respect to a Person, actions or omissions constituting (i) fraud or gross negligence, or breach of any fiduciary duty arising under this Agreement (as such duty is modified herein), in each case likely to result in a material adverse effect on the Partnership, (ii) a material breach of this Agreement, material breach of applicable U.S. securities laws in respect of the Interests, or (iii) willful misconduct in connection with his, her or its duties under this Agreement. No action or omission in respect of a material breach of this Agreement described in clause (ii) of this definition of “Malfeasance” will be deemed cured pursuant to the terms of this Agreement unless and until the Partnership is compensated for any damages caused by such Malfeasance and the LP Advisory Committee has approved such cure.