{"component": "definition", "props": {"groups": [{"samples": [{"hash": "ilkSPLIwyv5", "uri": "/contracts/ilkSPLIwyv5#termination-for-cause", "label": "Employment Agreement (Connecticut Bancshares Inc/De)", "score": 18.0, "published": true}, {"hash": "iSV5JT7uxY3", "uri": "/contracts/iSV5JT7uxY3#termination-for-cause", "label": "Chairman's Employment Agreement (Connecticut Bancshares Inc/De)", "score": 18.0, "published": true}, {"hash": "hWZ5LVWYdfL", "uri": "/contracts/hWZ5LVWYdfL#termination-for-cause", "label": "Employment Agreement (American Financial Holdings Inc)", "score": 18.0, "published": true}], "snippet": "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.", "snippet_links": [{"key": "personal-dishonesty", "type": "definition", "offset": [46, 65]}, {"key": "willful-misconduct", "type": "clause", "offset": [67, 85]}, {"key": "breach-of-fiduciary-duty", "type": "definition", "offset": [87, 111]}, {"key": "failure-to-perform", "type": "clause", "offset": [151, 169]}, {"key": "willful-violation", "type": "definition", "offset": [185, 202]}, {"key": "traffic-violations", "type": "clause", "offset": [244, 262]}, {"key": "cease-and-desist-order", "type": "definition", "offset": [291, 313]}, {"key": "breach-of-any", "type": "clause", "offset": [326, 339]}, {"key": "provision-of", "type": "clause", "offset": [340, 352]}, {"key": "this-agreement", "type": "clause", "offset": [353, 367]}, {"key": "loss-to", "type": "clause", "offset": [396, 403]}, {"key": "the-institution", "type": "clause", "offset": [404, 419]}, {"key": "the-holding-company", "type": "clause", "offset": [423, 442]}, {"key": "conviction-of-a-crime", "type": "clause", "offset": [463, 484]}, {"key": "act-involving-moral-turpitude", "type": "definition", "offset": [488, 517]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [629, 648]}, {"key": "failure-to-act", "type": "clause", "offset": [678, 692]}, {"key": "in-good-faith", "type": "clause", "offset": [773, 786]}, {"key": "reasonable-belief", "type": "clause", "offset": [799, 816]}, {"key": "the-action", "type": "definition", "offset": [822, 832]}, {"key": "best-interests", "type": "clause", "offset": [856, 870]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [909, 938]}, {"key": "terminated-for-cause", "type": "definition", "offset": [983, 1003]}, {"key": "a-notice-of-termination", "type": "clause", "offset": [1060, 1083]}, {"key": "a-copy-of", "type": "clause", "offset": [1104, 1113]}, {"key": "affirmative-vote", "type": "clause", "offset": [1147, 1163]}, {"key": "the-members-of-the-board", "type": "clause", "offset": [1198, 1222]}, {"key": "meeting-of-the-board", "type": "definition", "offset": [1228, 1248]}, {"key": "notice-to-executive", "type": "definition", "offset": [1300, 1319]}, {"key": "opinion-of-the-board", "type": "clause", "offset": [1433, 1453]}, {"key": "in-detail", "type": "clause", "offset": [1559, 1568]}, {"key": "the-executive", "type": "clause", "offset": [1570, 1583]}, {"key": "right-to-receive", "type": "clause", "offset": [1603, 1619]}, {"key": "benefits-for", "type": "clause", "offset": [1642, 1654]}, {"key": "after-termination", "type": "clause", "offset": [1666, 1683]}, {"key": "beginning-on-the", "type": "clause", "offset": [1713, 1729]}, {"key": "notice-of-termination-for-cause", "type": "definition", "offset": [1742, 1773]}, {"key": "pursuant-to-section-8", "type": "clause", "offset": [1774, 1795]}, {"key": "date-of-termination", "type": "definition", "offset": [1815, 1834]}, {"key": "stock-options", "type": "definition", "offset": [1836, 1849]}, {"key": "granted-to", "type": "clause", "offset": [1877, 1887]}, {"key": "stock-option-plan", "type": "definition", "offset": [1908, 1925]}, {"key": "unvested-awards", "type": "definition", "offset": [1965, 1980]}, {"key": "plan-of", "type": "definition", "offset": [2026, 2033]}, {"key": "subsidiary-or-affiliate", "type": "clause", "offset": [2078, 2101]}, {"key": "null-and-void", "type": "definition", "offset": [2233, 2246]}, {"key": "at-any-time", "type": "clause", "offset": [2305, 2316]}], "size": 319, "hash": "14802db8fa9e37d7262f370d3f550eb5", "id": 1}, {"samples": [{"hash": "kSIIdUqxk29", "uri": "/contracts/kSIIdUqxk29#termination-for-cause", "label": "Employment Agreement (JSB Financial Inc)", "score": 18.0, "published": true}, {"hash": "gp7VLGcDnDA", "uri": "/contracts/gp7VLGcDnDA#termination-for-cause", "label": "Employment Agreement (JSB Financial Inc)", "score": 18.0, "published": true}, {"hash": "e15d8Lclo44", "uri": "/contracts/e15d8Lclo44#termination-for-cause", "label": "Employment Agreement (JSB Financial Inc)", "score": 18.0, "published": true}], "snippet": "or \"Cause\" shall mean personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses), or final cease and desist order, or any material breach of this Agreement, in such case as measured against standards generally prevailing at the relevant time in the savings and community banking industry. 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 Bank 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 Bank 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 Bank. 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.", "snippet_links": [{"key": "personal-dishonesty", "type": "definition", "offset": [22, 41]}, {"key": "willful-misconduct", "type": "clause", "offset": [57, 75]}, {"key": "breach-of-fiduciary-duty", "type": "definition", "offset": [77, 101]}, {"key": "failure-to-perform", "type": "clause", "offset": [141, 159]}, {"key": "willful-violation", "type": "definition", "offset": [175, 192]}, {"key": "rule-or-regulation", "type": "definition", "offset": [205, 223]}, {"key": "traffic-violations", "type": "clause", "offset": [236, 254]}, {"key": "cease-and-desist-order", "type": "definition", "offset": [286, 308]}, {"key": "material-breach-of-this-agreement", "type": "clause", "offset": [317, 350]}, {"key": "relevant-time", "type": "definition", "offset": [423, 436]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [484, 512]}, {"key": "failure-to-act", "type": "clause", "offset": [529, 543]}, {"key": "bad-faith", "type": "definition", "offset": [627, 636]}, {"key": "reasonable-belief", "type": "clause", "offset": [649, 666]}, {"key": "the-action", "type": "definition", "offset": [672, 682]}, {"key": "pursuant-to-a", "type": "clause", "offset": [806, 819]}, {"key": "by-the-board", "type": "clause", "offset": [844, 856]}, {"key": "the-bank-shall", "type": "clause", "offset": [905, 919]}, {"key": "by-the-executive", "type": "clause", "offset": [980, 996]}, {"key": "in-good-faith", "type": "clause", "offset": [997, 1010]}, {"key": "best-interests", "type": "clause", "offset": [1022, 1036]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1050, 1079]}, {"key": "terminated-for-cause", "type": "definition", "offset": [1128, 1148]}, {"key": "a-notice-of-termination", "type": "clause", "offset": [1205, 1228]}, {"key": "a-copy-of", "type": "clause", "offset": [1249, 1258]}, {"key": "affirmative-vote", "type": "clause", "offset": [1292, 1308]}, {"key": "the-members-of-the-board", "type": "clause", "offset": [1343, 1367]}, {"key": "meeting-of-the-board", "type": "definition", "offset": [1373, 1393]}, {"key": "to-the-executive", "type": "clause", "offset": [1452, 1468]}, {"key": "opinion-of-the-board", "type": "clause", "offset": [1582, 1602]}, {"key": "in-detail", "type": "clause", "offset": [1712, 1721]}, {"key": "right-to-receive", "type": "clause", "offset": [1756, 1772]}, {"key": "benefits-for", "type": "clause", "offset": [1795, 1807]}, {"key": "after-termination", "type": "clause", "offset": [1819, 1836]}], "size": 300, "hash": "dea3a1eb16bcce85ad8a0a8c2a08c72e", "id": 2}, {"samples": [{"hash": "sFn74V7Vj", "uri": "/contracts/sFn74V7Vj#termination-for-cause", "label": "Employment Agreement (Lawrence Financial Holdings Inc)", "score": 18.0, "published": true}, {"hash": "nvoysLMnyq", "uri": "/contracts/nvoysLMnyq#termination-for-cause", "label": "Employment Agreement (Security Financial Bancorp Inc)", "score": 18.0, "published": true}, {"hash": "llQmRpCuUpE", "uri": "/contracts/llQmRpCuUpE#termination-for-cause", "label": "Employment Agreement (Massachusetts Fincorp Inc)", "score": 18.0, "published": true}], "snippet": "means termination because of Executive's personal dishonesty, incompetence, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order or material breach of any provision of this Agreement. 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 a majority 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. Executive shall not have the right to receive compensation or other benefits for any period after the Date of 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 for Cause, 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 Bank, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination for Cause, such stock options and related limited rights and any 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.", "snippet_links": [{"key": "personal-dishonesty", "type": "definition", "offset": [41, 60]}, {"key": "willful-misconduct", "type": "clause", "offset": [76, 94]}, {"key": "breach-of-fiduciary-duty", "type": "definition", "offset": [100, 124]}, {"key": "failure-to-perform", "type": "clause", "offset": [164, 182]}, {"key": "willful-violation", "type": "definition", "offset": [198, 215]}, {"key": "rule-or-regulation", "type": "definition", "offset": [228, 246]}, {"key": "traffic-violations", "type": "clause", "offset": [259, 277]}, {"key": "breach-of-any", "type": "clause", "offset": [343, 356]}, {"key": "provision-of", "type": "clause", "offset": [357, 369]}, {"key": "this-agreement", "type": "clause", "offset": [370, 384]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [386, 415]}, {"key": "terminated-for-cause", "type": "definition", "offset": [460, 480]}, {"key": "a-notice-of-termination", "type": "clause", "offset": [537, 560]}, {"key": "a-copy-of", "type": "clause", "offset": [581, 590]}, {"key": "affirmative-vote", "type": "clause", "offset": [624, 640]}, {"key": "the-members-of-the-board", "type": "clause", "offset": [672, 696]}, {"key": "meeting-of-the-board", "type": "definition", "offset": [702, 722]}, {"key": "notice-to-executive", "type": "definition", "offset": [774, 793]}, {"key": "good-faith", "type": "clause", "offset": [896, 906]}, {"key": "opinion-of-the-board", "type": "clause", "offset": [907, 927]}, {"key": "in-detail", "type": "clause", "offset": [1033, 1042]}, {"key": "right-to-receive", "type": "clause", "offset": [1073, 1089]}, {"key": "benefits-for", "type": "clause", "offset": [1112, 1124]}, {"key": "date-of-termination", "type": "definition", "offset": [1146, 1165]}, {"key": "beginning-on-the", "type": "clause", "offset": [1195, 1211]}, {"key": "notice-of-termination-for-cause", "type": "definition", "offset": [1224, 1255]}, {"key": "pursuant-to-section-8", "type": "clause", "offset": [1256, 1277]}, {"key": "stock-options", "type": "definition", "offset": [1328, 1341]}, {"key": "granted-to", "type": "clause", "offset": [1369, 1379]}, {"key": "stock-option-plan", "type": "definition", "offset": [1400, 1417]}, {"key": "unvested-awards", "type": "definition", "offset": [1457, 1472]}, {"key": "plan-of", "type": "definition", "offset": [1518, 1525]}, {"key": "the-bank", "type": "definition", "offset": [1526, 1534]}, {"key": "the-holding-company", "type": "clause", "offset": [1536, 1555]}, {"key": "subsidiary-or-affiliate", "type": "clause", "offset": [1563, 1586]}, {"key": "null-and-void", "type": "definition", "offset": [1723, 1736]}, {"key": "at-any-time", "type": "clause", "offset": [1795, 1806]}], "size": 214, "hash": "7d59e808273e15c5de2a018a5af21a36", "id": 3}, {"samples": [{"hash": "c9FPDINdC0W", "uri": "/contracts/c9FPDINdC0W#termination-for-cause", "label": "Salary Continuation Agreement (Bank of Marin Bancorp)", "score": 31.8473644257, "published": true}, {"hash": "50DMOsV1lMl", "uri": "/contracts/50DMOsV1lMl#termination-for-cause", "label": "Supplemental Executive Retirement Agreement", "score": 31.3408622742, "published": true}, {"hash": "4yr16PafugU", "uri": "/contracts/4yr16PafugU#termination-for-cause", "label": "Salary Continuation Agreement (Smartfinancial Inc.)", "score": 28.8494186401, "published": true}], "snippet": "means Separation from Service for:\n(a) Gross negligence or gross neglect of duties to the Bank;\n(b) Conviction of a felony or of a gross misdemeanor involving moral turpitude in connection with the Executive\u2019s employment with the Bank; or\n(c) Fraud, disloyalty, dishonesty or willful violation of any law or significant Bank policy committed in connection with the Executive\u2019s employment and resulting in a material adverse effect on the Bank.", "snippet_links": [{"key": "separation-from-service", "type": "definition", "offset": [6, 29]}, {"key": "gross-negligence", "type": "definition", "offset": [39, 55]}, {"key": "gross-neglect", "type": "definition", "offset": [59, 72]}, {"key": "of-duties", "type": "clause", "offset": [73, 82]}, {"key": "to-the-bank", "type": "clause", "offset": [83, 94]}, {"key": "conviction-of-a-felony", "type": "clause", "offset": [100, 122]}, {"key": "gross-misdemeanor", "type": "definition", "offset": [131, 148]}, {"key": "moral-turpitude", "type": "definition", "offset": [159, 174]}, {"key": "in-connection-with", "type": "clause", "offset": [175, 193]}, {"key": "the-executive", "type": "clause", "offset": [194, 207]}, {"key": "with-the-bank", "type": "clause", "offset": [221, 234]}, {"key": "willful-violation", "type": "definition", "offset": [276, 293]}, {"key": "significant-bank", "type": "definition", "offset": [308, 324]}, {"key": "effect-on-the", "type": "clause", "offset": [424, 437]}], "size": 160, "hash": "ed57458ee848e4f94045b10f059bb22c", "id": 4}, {"samples": [{"hash": "bEwE5CsPKj4", "uri": "/contracts/bEwE5CsPKj4#termination-for-cause", "label": "Supplemental Executive Retirement Agreement (Mifflinburg Bancorp Inc)", "score": 36.0253257751, "published": true}, {"hash": "beZDVVIJhp7", "uri": "/contracts/beZDVVIJhp7#termination-for-cause", "label": "Executive Supplemental Compensation Agreement", "score": 31.3408622742, "published": true}, {"hash": "Br1E7eWt1", "uri": "/contracts/Br1E7eWt1#termination-for-cause", "label": "Executive Supplemental Compensation Agreement", "score": 31.3408622742, "published": true}], "snippet": "has that meaning set forth in Article 5.", "snippet_links": [{"key": "article-5", "type": "clause", "offset": [30, 39]}], "size": 142, "hash": "97234117977c392bdfe2dabd7f75392b", "id": 5}, {"samples": [{"hash": "dZt05BBMyRK", "uri": "/contracts/dZt05BBMyRK#termination-for-cause", "label": "Executive Salary Continuation Agreement (Heritage Oaks Bancorp)", "score": 21.0, "published": true}, {"hash": "9V9rtM3hJHB", "uri": "/contracts/9V9rtM3hJHB#termination-for-cause", "label": "Executive Salary Continuation Agreement (Heritage Oaks Bancorp)", "score": 21.0, "published": true}, {"hash": "qyRg9j2dXR", "uri": "/contracts/qyRg9j2dXR#termination-for-cause", "label": "Executive Salary Continuation Agreement (Boston Private Financial Holdings Inc)", "score": 18.0, "published": true}], "snippet": "means termination of the employment of the Executive by reason of any of the following:", "snippet_links": [{"key": "executive-by", "type": "definition", "offset": [43, 55]}], "size": 129, "hash": "3f288a45fef130a34b08889b1fdd6b94", "id": 6}, {"samples": [{"hash": "dmVoNeD4DEX", "uri": "/contracts/dmVoNeD4DEX#termination-for-cause", "label": "Severance Agreement (Forest Oil Corp)", "score": 21.0, "published": true}, {"hash": "gVgojaSFufh", "uri": "/contracts/gVgojaSFufh#termination-for-cause", "label": "Severance Agreement (Seagull Energy Corp)", "score": 18.0, "published": true}, {"hash": "ffzwDKaANEb", "uri": "/contracts/ffzwDKaANEb#termination-for-cause", "label": "Severance Agreement (Seabulk International Inc)", "score": 18.0, "published": true}], "snippet": "means termination of Executive's employment by the Company (or its subsidiaries) by reason of Executive's (i) gross negligence in the performance of his duties, (ii) willful and continued failure to perform his duties, (iii) willful engagement in conduct which is materially injurious to the Company or its subsidiaries (monetarily or otherwise) or (iv) conviction of a felony or a misdemeanor involving moral turpitude.", "snippet_links": [{"key": "termination-of-executive", "type": "clause", "offset": [6, 30]}, {"key": "employment-by-the-company", "type": "definition", "offset": [33, 58]}, {"key": "gross-negligence", "type": "definition", "offset": [110, 126]}, {"key": "performance-of-his-duties", "type": "definition", "offset": [134, 159]}, {"key": "failure-to-perform", "type": "clause", "offset": [188, 206]}, {"key": "to-the-company", "type": "definition", "offset": [285, 299]}, {"key": "conviction-of-a-felony", "type": "clause", "offset": [354, 376]}, {"key": "moral-turpitude", "type": "definition", "offset": [404, 419]}], "size": 108, "hash": "8fa7cc2023e2fb77f3605f50a7872d43", "id": 7}, {"samples": [{"hash": "lA5XDov2K3b", "uri": "/contracts/lA5XDov2K3b#termination-for-cause", "label": "Employment Agreement (Healthcare Realty Trust Inc)", "score": 36.1348381042, "published": true}, {"hash": "h3ItegdbEn5", "uri": "/contracts/h3ItegdbEn5#termination-for-cause", "label": "Employment Agreement (Healthcare Realty Trust Inc)", "score": 35.937713623, "published": true}, {"hash": "gDDseNtcqoD", "uri": "/contracts/gDDseNtcqoD#termination-for-cause", "label": "Employment Agreement (Healthcare Realty Trust Inc)", "score": 35.937713623, "published": true}], "snippet": "means termination by Corporation of Officer\u2019s employment by reason of Officer\u2019s (i) dishonesty towards Corporation, (ii) fraud upon Corporation, or (iii) deliberate injury or attempted injury to Corporation, in each such case causing material injury to Corporation, or by reason of Officer\u2019s breach of this Agreement causing material injury to Corporation. Corporation shall have the burden of establishing that any such termination of Officer\u2019s employment by Corporation is a Termination For Cause.", "snippet_links": [{"key": "termination-by-corporation", "type": "clause", "offset": [6, 32]}, {"key": "to-corporation", "type": "clause", "offset": [192, 206]}, {"key": "material-injury", "type": "clause", "offset": [234, 249]}, {"key": "breach-of-this-agreement", "type": "clause", "offset": [292, 316]}, {"key": "burden-of-establishing", "type": "definition", "offset": [384, 406]}, {"key": "termination-of-officer", "type": "clause", "offset": [421, 443]}, {"key": "employment-by-corporation", "type": "clause", "offset": [446, 471]}, {"key": "a-termination-for-cause", "type": "clause", "offset": [475, 498]}], "size": 90, "hash": "750e7a2aaecf8a70e2a719a47c14c3aa", "id": 8}, {"samples": [{"hash": "k5WpsrWYs7D", "uri": "/contracts/k5WpsrWYs7D#termination-for-cause", "label": "Salary Continuation Agreement (Codorus Valley Bancorp Inc)", "score": 26.1854896545, "published": true}, {"hash": "3Ho7H16HytJ", "uri": "/contracts/3Ho7H16HytJ#termination-for-cause", "label": "Salary Continuation Agreement (Codorus Valley Bancorp Inc)", "score": 26.1854896545, "published": true}, {"hash": "1bl0xXn5lIY", "uri": "/contracts/1bl0xXn5lIY#termination-for-cause", "label": "Salary Continuation Agreement (Codorus Valley Bancorp Inc)", "score": 26.1854896545, "published": true}], "snippet": "See Section 5.2.", "snippet_links": [{"key": "section-52", "type": "clause", "offset": [4, 15]}], "size": 86, "hash": "3345bfe940818b5b5908944a572bf0b2", "id": 9}, {"samples": [{"hash": "juUQrCVjyby", "uri": "/contracts/juUQrCVjyby#termination-for-cause", "label": "Employment Agreement (Advocat Inc)", "score": 18.0, "published": true}, {"hash": "gVK533OJUY2", "uri": "/contracts/gVK533OJUY2#termination-for-cause", "label": "Employment Agreement (Advocat Inc)", "score": 18.0, "published": true}, {"hash": "gNihXIeOzvw", "uri": "/contracts/gNihXIeOzvw#termination-for-cause", "label": "Employment Agreement (Advocat Inc)", "score": 18.0, "published": true}], "snippet": "means termination of the Executive's employment by the Company's Board of Directors acting in good faith by the Company by written notice to the Executive specifying the event relied upon for such termination, due to the Executive's serious, willful misconduct with respect to his duties under this Agreement, including but not limited to conviction for a felony or perpetration of a common law fraud, which has resulted or is likely to result in material economic damage to the Company.", "snippet_links": [{"key": "termination-of-the-executive", "type": "definition", "offset": [6, 34]}, {"key": "employment-by-the-company", "type": "definition", "offset": [37, 62]}, {"key": "board-of-directors", "type": "clause", "offset": [65, 83]}, {"key": "good-faith-by-the-company", "type": "definition", "offset": [94, 119]}, {"key": "to-the-executive", "type": "clause", "offset": [138, 154]}, {"key": "the-event", "type": "definition", "offset": [166, 175]}, {"key": "willful-misconduct", "type": "clause", "offset": [242, 260]}, {"key": "with-respect-to", "type": "clause", "offset": [261, 276]}, {"key": "this-agreement", "type": "clause", "offset": [294, 308]}, {"key": "not-limited", "type": "clause", "offset": [324, 335]}, {"key": "common-law-fraud", "type": "definition", "offset": [384, 400]}, {"key": "is-likely", "type": "definition", "offset": [424, 433]}, {"key": "to-the-company", "type": "definition", "offset": [472, 486]}], "size": 85, "hash": "2f242ea6e531a8b0629858c249871503", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIedGVybWluYXRpb24tZm9yLWNhdXNlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "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.", "title": "Termination for Cause", "size": 7935, "id": "termination-for-cause", "examples": ["The Bank may terminate Employee\u2019s employment at any time for \u201cCause\u201d upon written Notice of Termination to Employee, setting forth in reasonable detail the basis for the determination of \u201cCause.\u201d <strong>Termination for Cause</strong> shall be effective immediately upon receipt of the Notice of Termination by Employee, and the date on which the Notice of Termination is received shall be deemed to be the Separation Date.", "Executive shall not have the right to receive compensation or other benefits for any period after <strong>Termination for Cause</strong> as defined in Section 2(c) herein.", "The Executive shall not have the right to receive compensation or other benefits for any period after <strong>Termination for Cause</strong>.", "Prior to any Notice of <strong>Termination for Cause</strong> being given (and prior to any <strong>termination for Cause</strong> being effective), Executive shall be entitled to a hearing before the Board at which Executive may, at Executive\u2019s election, be represented by counsel and at which Executive shall have a reasonable opportunity to be heard."], "related": [["termination-for-just-cause", "Termination for Just Cause", "Termination for Just Cause"], ["termination-for-good-reason", "Termination for Good Reason", "Termination for Good Reason"], ["voluntary-termination-for-good-reason", "Voluntary Termination for Good Reason", "Voluntary Termination for Good Reason"], ["notice-of-termination-for-good-reason", "Notice of Termination for Good Reason", "Notice of Termination for Good Reason"], ["without-cause-termination", "Without Cause Termination", "Without Cause Termination"]], "related_snippets": [], "updated": "2026-05-17T04:23:05+00:00"}, "json": true, "cursor": ""}}