Termination of Employment for Cause means the termination of the Stockholder’s employment with the Company or its Subsidiaries for Cause.
Termination of Employment for Cause means termination upon: (i) Employee's repeated failure or refusal to perform his duties hereunder faithfully, diligently, competently and to the best of his ability for reasons other than serious disability or other incapacity; (ii) Employee's violation of any material provision of this Agreement; or (iii) Employee's clear and intentional violation of a state or federal law of which he is aware or should have been aware: (a) involving the commission of a felonious crime against the Corporation which has a materially adverse effect upon the Corporation; or (b) involving a felony other than against the Corporation having a materially adverse effect upon the Corporation, as determined in either case in the reasonable judgment of the Board of Directors.
Termination of Employment for Cause means the termination of Executive's employment by FirstMerit on account of (i) intentional misconduct and/or gross negligence by Executive that has a material adverse effect on FirstMerit, monetarily or otherwise, (ii) Executive's personal dishonesty, (iii) incompetence, (iv) breach of a fiduciary duty involving personal profit, (v) intentional failure to perform stated duties, (vi) willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and- desist order, or (ii) material breach of any provision of this Agreement by Executive. No act by Executive shall be considered intentional unless Executive acted or failed to act with an absence of good faith and without a reasonable belief that his action or failure to act was in the best interest of FirstMerit. Notwithstanding the foregoing, there shall not be deemed to have been a Termination of Employment for Cause unless and until there shall have been delivered to Executive a copy of a resolution, duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board stating that the Board believes the Executive has engaged in conduct described in the preceding sentence.
Examples of Termination of Employment for Cause in a sentence
In the event of a Termination of Employment for Cause, all outstanding Awards, whether vested or not, shall be forfeited.
The Administrator has the authority to cause all outstanding Options held by an Awardee to terminate immediately in their entirety upon first notification to the Awardee of the Awardee’s Termination of Employment for Cause.
Unless otherwise determined by the Committee, if an optionee incurs a Termination of Employment for Cause, all Stock Options held by such optionee shall thereupon terminate.
Also, by accepting this Award, you agree and promise to deliver to the Company immediately upon your Termination of Employment for Cause, Shares (or, in the discretion of the Company, cash) equal in value to the amount of all Performance Units subject to this Award that vested during the 12-month period that occurs immediately before your Termination of Employment for Cause.
Except as provided in Section 5.2 hereof, the Company’s repurchase of any Shares under Section 2.1 shall take place within one hundred eighty days (180) days after the Termination of Employment for Cause following notice to the Stockholder (the “Repurchase Notice”) specifying the number of Shares to be repurchased.
More Definitions of Termination of Employment for Cause
Termination of Employment for Cause means (i) the Management Retained Shareholder's material breach of any of the terms of his Employment Agreement; (ii) the conviction of a crime involving fraud, theft or dishonesty by the Management Retained Shareholder; (iii) the Management Retained Shareholder's willful and continuing disregard of lawful instructions of the Board or superiors (if any); (iv) the continued use of alcohol or drugs by the Management Retained Shareholder to an extent that, in the good faith determination of the Board, such use interferes in any manner with the performance of the Management Retained Shareholder's duties and responsibilities as an employee of the Company; or (v) the conviction of the Management Retained Shareholder for violating any law constituting a felony (including the Foreign Corrupt Practices Act of 1977).
Termination of Employment for Cause means termination of employment for (i) the commission of an act of dishonesty, including but not limited to misappropriation of funds or property of the Company; (ii) the engagement in activities or conduct injurious to the reputation of the Company; (iii) the conviction or entry of a guilty or no contest plea to a misdemeanor involving an act of moral turpitude or a felony; (iv) the violation of any of the terms and conditions of any written agreement the Optionee may have from time to time with the Company (following 30 days' written notice from the Company specifying the violation and the employee's failure to cure such violation within such 30-day period); or (v) any refusal to comply with the written directives, policies or regulations established from time to time by the Board.
Termination of Employment for Cause has the meaning set forth in Article 5.
Termination of Employment for Cause means the termination of Executive's employment by FirstMerit for any of the following reasons:
Termination of Employment for Cause means a Termination of Employment following the occurrence of any of the following events:
Termination of Employment for Cause or "Cause" means:
Termination of Employment for Cause means termination relating to (i) the conviction of a crime involving fraud, theft or dishonesty by the Management Stockholder; (ii) the Management Stockholder’s willful and continuing disregard of lawful instructions of the Board or superiors (if any), or the Management Stockholder’s willful misconduct in carrying out his or her position and duties of employment; (iii) the use of alcohol or drugs by the Management Stockholder to an extent that such use interferes in any manner with the performance of the Management Stockholder’s duties and responsibilities as an employee of the Corporation; (iv) the failure by the Management Stockholder to observe material Corporation policies generally applicable to employees of the Corporation, or (v) the conviction of the Management Stockholder for violating any law constituting a felony (including the Foreign Corrupt Practices Act of 1977).