Significant Misconduct definition

Significant Misconduct means any conduct constituting fraud, material theft of the assets of the Company or its affiliates, bribery, corruption, other illegal acts, gross negligence, or willful misconduct involving the Company or its affiliates, in each case as determined in the sole discretion of the Committee.
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Significant Misconduct means a violation of a law or regulation or a significant violation of a Company policy.
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Significant Misconduct means conduct resulting in a violation of:
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Examples of Significant Misconduct in a sentence

  • Indivior shall initiate the Recoupment Determination process within 30 days after: (1) discovery of potential Significant Misconduct that may rise to the level of a Triggering Event, or (2) written notification by a United States federal government agency to Indivior’s Chief Integrity & Compliance Officer of a situation that may rise to the level of a Triggering Event and either occurred in the United States or gives rise to liability relating to Federal healthcare programs.

  • Significant Misconduct means any fraudulent conduct, conduct that has resulted in or will, or is likely to, result in, death, harm or injury to any person, or breaches the PT Law.

  • ABC and/or any ABC Affiliate shall initiate the Recoupment Determination process upon: (1) discovery of potential Significant Misconduct that may rise to the level of a Triggering Event, or (2) written notification by a United States federal government agency to ABC’s or an ABC Affiliates’ compliance officer of a situation that may rise to the level of a Triggering Event and either occurred in the United States or gives rise to liability relating to Federal health care programs.

  • In addition, if an Employee is found to have engaged in Significant Misconduct and an Award has been granted but not yet paid, the Award must be suspended for the current Performance Cycle and must be rescinded for any prior Performance Cycle in which such violations occurred or were discovered.

  • The Council intends to do this by exploring with its various partners the site and area specific opportunities to secure maximum regeneration benefits.

  • Yes NoNo Preference0 1 2 3 4 5 6 7 8 5 QUALITY CONTROL 5.1 The CH should “enrich” the requests from NGOs before submitting them to suppliers of legal aid, e.g. by summarizing the facts, formulating the legal question(s), identifying the legal field(s) involved and putting the request into a standard format.YesNo No Preference024681012 5.2 The CH should seek and maintain relationships with universities, student groups and experts to support the supplier of legal aid.

  • This written notification shall either identify the Covered Executive(s) potentially at issue or provide information (e.g., a description of the alleged Significant Misconduct and the applicable time period) to allow Sandoz to identify the Covered Executive.

  • Insys shall initiate the Recoupment Determination process upon: (1) discovery of potential Significant Misconduct that may rise to the level of a Triggering Event, or (2) written notification by a United States federal government agency to Insys’s compliance officer of a situation that may rise to the level of a Triggering Event and either occurred in the United States or gives rise to liability relating to Federal health care programs.

  • Within 150 days after the Effective Date of the CIA, Mallinckrodt shall establish policies and procedures (and modify employment and other contracts as necessary) to provide that incentive awards, bonuses, and other similar awards on an after tax/net basis (collectively “Cash Awards”) for each Covered Executive is at risk of forfeiture in the event of Significant Misconduct that is discovered by Mallinckrodt before the Cash Award is paid.

  • To the extent not already accomplished, within 120 days after the Effective Date of the CIA, Insys shall establish policies and procedures (and modify employment and other contracts as necessary) to provide that annual incentive compensation for each Eligible Individual (as defined below) is at risk of forfeiture in the event of Significant Misconduct (i.e., any violation of any law, regulation or Insys policy) that is discovered by Insys before the incentive compensation is paid.


More Definitions of Significant Misconduct

Significant Misconduct means conduct by a Covered Executive that the Board determines resulted in a significant negative impact on the Company’s reputation, a material breach of a duty to the Company, a material violation of the Company’s Code of Ethics, a material violation of an applicable law or regulation, or a material breach of a restrictive covenant with the Company. 9. Acknowledgement Requirement. Each Covered Executive must sign and return to the Company, within [30] days following the later of (i) the adoption of this Policy by the Board and (ii) the date on which the individual becomes a Covered Executive, the Acknowledgement Form attached hereto as Exhibit A. Document numberBxxRevision number V01Effective dateNovember [ ], 2023Issue dateAuthor Sharon TingApproval Compensation and Nomination Committee and Board
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Related to Significant Misconduct

  • Serious Misconduct means any misconduct identified as a ground for termination in the Motorola Code of Business Conduct, or the human resources policies, or other written policies or procedures.

  • Willful Misconduct means intentional disregard of good and prudent standards of performance or proper conduct under the Contract with knowledge that it is likely to result in any injury to any person or persons or loss or damage of property.

  • Misconduct means the commission of any act of fraud, embezzlement or dishonesty by the Optionee or Participant, any unauthorized use or disclosure by such person of confidential information or trade secrets of the Corporation (or any Parent or Subsidiary), or any other intentional misconduct by such person adversely affecting the business or affairs of the Corporation (or any Parent or Subsidiary) in a material manner. The foregoing definition shall not in any way preclude or restrict the right of the Corporation (or any Parent or Subsidiary) to discharge or dismiss any Optionee, Participant or other person in the Service of the Corporation (or any Parent or Subsidiary) for any other acts or omissions, but such other acts or omissions shall not be deemed, for purposes of the Plan, to constitute grounds for termination for Misconduct.

  • Wilful Misconduct means intentional disregard of good and prudent standards of performance or proper conduct under the Contract with knowledge that it is likely to result in any injury to any person or persons or loss or damage of property.

  • Willful means any act or omission by the Executive that was in good faith and with a reasonable belief that the action or omission was in the best interests of the Company or its affiliates. Any act or omission based upon authority given pursuant to a duly adopted Board resolution, or, upon the instructions of any senior officer of the Company, or based upon the advice of counsel for the Company will be conclusively presumed to be taken or omitted by the Executive in good faith and in the best interests of the Company and/or its affiliates.

  • Willful and Material Breach means a deliberate act taken or deliberate failure to act that the breaching party intentionally takes (or fails to take) with the actual knowledge that the taking of such act or failure to take such act constitutes, or will constitute, a material breach or deemed breach of this Agreement.

  • Gross Negligence means any act or failure to act (whether sole, joint or concurrent) by a person or entity which was intended to cause, or which was in reckless disregard of or wanton indifference to, avoidable and harmful consequences such person or entity knew, or should have known, would result from such act or failure to act. Notwithstanding the foregoing, Gross negligence shall not include any action taken in good faith for the safeguard of life or property.

  • Significant Assets means one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, would result in the CPC meeting the initial listing requirements of the Exchange.