Terminate for Cause definition

Terminate for Cause means the termination of the Optionee's employment by, or service to, the Company because the Committee determines, in its sole discretion, that (i) the Optionee engaged in one or more acts constituting a felony; (ii) the Optionee willfully engaged in one or more acts involving actual fraud; (iii) the Optionee willfully misappropriated Company assets or willfully engaged in misconduct either of which is materially injurious to the Company or its affiliates; or (iv) the Optionee materially and willfully failed to perform his duties as an employee or in any other capacity. For purposes of this Agreement, the term "willful" means an act done, or omitted to be done, by the Optionee in bad faith, provided that the Optionee knew or reasonably should have known that the act or omission was not in the best interest of the Company.
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Terminate for Cause means the termination of Ginsburg's employment by, or service to, the Company becau▇▇ ▇▇▇▇▇▇▇g (i) engaged in one or more acts constituting a felony; (▇i) willfully engaged in one or more acts involving actual fraud; or (iii) willfully misappropriated Company assets or willfully engaged in misconduct either of which is materially injurious to the Company or its affiliates. For purposes of this Agreement, the term "willful" means an act done, or omitted to be done, in bad faith, provided that Ginsburg knew or reasonably should have known that the act or omiss▇▇▇ was not in the best interest of the Company.
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Terminate for Cause means the termination of the Optionee's employment by, or service to, the Company because the Committee determines, in its sole discretion, that (i) the Optionee engaged in one or more acts constituting a felony; (ii) the Optionee willfully engaged in one or more acts involving actual fraud; (iii) the Optionee willfully misappropriated Company assets or willfully engaged in misconduct either of
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Examples of Terminate for Cause in a sentence

  • GC-41 15.02 OWNER May Terminate for Cause ................................................................................................................

  • Upon exercising its right to Terminate for Cause for any reason set forth above, Owner, at its discretion, may also exercise the right to have each or any of CM@Risk’s Subcontractor and supply agreements assigned to Owner, or Owner’s nominee, provided however, Owner should have no responsibility or liability for acts or omission of CM@Risk under such Agreements and the sole recourse of Subcontractors for events occurring before termination of this Agreement shall be against CM@Risk.

  • Upon exercising its right to Terminate for Cause for any reason set forth above, Owner, at its discretion, may also exercise the right to have each or any of Contractor’s Subcontractor and supply agreements assigned by Owner, or Owner’s nominee, provided however, Owner should have no responsibility or liability for acts or omission of Contractor under such Agreements and the sole recourse of Subcontractors on pre-termination events shall be against Contractor.

  • Upon exercising its right to Terminate for Cause for any reason set forth above, Owner, at its discretion, may also exercise the right to have each or any of CM@Risk’s Subcontractor and supply agreements assigned by Owner, or Owner’s nominee, provided however, Owner should have no responsibility or liability for acts or omission of CM@Risk under such Agreements and the sole recourse of Subcontractors on pre-termination events shall be against CM@Risk.

  • If you Terminate for Cause or, except as set forth in Section 2(b)(ii), Terminate for any reason other than due to your death or Disability, the unvested Restricted Stock will be forfeited on your Termination date.

  • Owner’s Right to Stop Work 53 12.2 Owner’s Right to Perform and Terminatefor Cause 53 12.3 ▇▇▇▇’▇ Right to Stop Work and Terminate for Cause.

  • If you Terminate for Cause or, except as set forth in Section 2(b)(ii), Terminate for any reason other than due to your Retirement, death or Disability, the unvested Restricted Stock will be forfeited on your Termination date.

  • If at any time after such postponement, the County determines that Contractor and/or its surety has not or is not likely to rectify the causes of termination in an acceptable manner or within the time allowed, then the County may immediately Terminate for Cause, without the necessity of further ten (10) day notice, by notifying the Contractor and its surety in writing of the termination.

  • If ▇▇▇▇▇▇ determines that gratuities (in the form of entertainment, gifts or otherwise) were offered or given by Seller to any employee, agent or representative of ▇▇▇▇▇▇ with a view towards securing a contract or securing favorable treatment with respect to the awarding, amending or the making of any determination with respect to the performance of such contract, ▇▇▇▇▇▇ may Terminate for Cause by notice to Seller pursuant to Section 16.2.

  • It is further agreed that if TrackMan exercises its right to Terminate for Cause, Licensee will reimburse TrackMan for all documented, reasonable expenses related to the removal of the Stadium Tracking System, which shall be payable within Thirty (30) days of receipt of written notification of termination.

Related to Terminate for Cause

  • Termination for Cause means termination because of: (1) Executive's personal dishonesty, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses), final cease and desist order or material breach of any provision of this Agreement which results in a material loss to the Institution or the Holding Company, or (2) Executive's conviction of a crime or act involving moral turpitude or a final judgement rendered against Executive based upon actions of Executive which involve moral turpitude. For the purposes of this Section, no act, or the failure to act, on Executive's part shall be "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the action or omission was in the best interests of the Institution or its affiliates. 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 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 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, 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. During the period beginning on the date of the Notice of Termination for Cause pursuant to Section 8 hereof through the Date of Termination, stock options and related limited rights granted to Executive under any stock option plan shall not be exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of the Institution, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination, such stock options and related limited rights and any such unvested awards shall become null and void and shall not be exercisable by or delivered to Executive at any time subsequent to such Termination for Cause.

  • For Cause means:

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

  • Voluntary Termination for Good Reason means the Employee voluntarily resigns after the occurrence of any of the following (i) without the Employee’s express written consent, a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a reduction in duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Senior Vice-President of a business unit of the Company remains as such following a Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason;” (ii) without the Employee’s express written consent, a material reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company in the base salary of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the aggregate level of employee benefits, including bonuses, to which the Employee was entitled immediately prior to such reduction with the result that the Employee’s aggregate benefits package is materially reduced (other than a reduction that generally applies to Company employees); (v) the relocation of the Employee to a facility or a location more than thirty-five (35) miles from the Employee’s then present location, without the Employee’s express written consent; (vi) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 7(a) below; or (vii) any act or set of facts or circumstances which would, under California case law or statute constitute a constructive termination of the Employee.

  • Termination Without Cause means a Separation as a result of a termination of the Executive’s employment by the Company without Cause and other than as a result of Disability.