Termination of Service for Cause definition

Termination of Service for Cause means the definition of termination for cause specified in any employment agreement existing on the date hereof or hereafter entered into between the Director and the Bank. If the Director is not a party to an employment agreement containing a definition of termination for cause, then Termination of Service for Cause means the Bank has terminated the Director's services for any of the following reasons, as determined by the Bank's Board of Directors:

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Termination of Service for Cause means any Termination of Service which is classified by the Company, in its sole discretion, as a termination for cause, which may include, but shall not be limited to: (i) a Performance Termination; (ii) neglect of duty or misconduct of the Eligible Employee in discharging any of their duties and responsibilities; (iii) failure or refusal to comply with the provisions of the Company’s Corporate Guidelines for Business Conduct and Ethics or any other Company rule or policy; or (iv) misconduct, including but not limited to, engaging in conduct that is in any way disloyal to the Company, fraudulent, dishonest, unethical or illegal, or which the Committee otherwise determines to be detrimental to the Company.

Termination of Service for Cause means the termination of the legal relationship between the Participant and the Company or any of its Subsidiaries, initiated by the Participant, with or without cause, or by the Company or any of its Subsidiaries for cause. “Desligamento Motivado” significa o término da relação jurídica entre o Participante e a Companhia ou quaisquer de suas Subsidiárias, por iniciativa do Participante, com ou sem Justa Causa, ou por iniciativa da Companhia ou quaisquer de suas Subsidiárias por Justa Causa.

Examples of Termination of Service for Cause in a sentence

• In the event of the Participant’s Termination of Service for Cause, all Options subject to this Agreement that have not been exercised will immediately expire and be forfeited.

• If the event of the Participant’s Termination of Service for Cause, all Restricted Stock subject to this Agreement that has not vested will expire and be forfeited.

• In the event of the Participant’s Termination of Service for Cause (as defined below), any unvested RSUs shall be forfeited as of the date of such termination without any payment to the Participant.

• In the event of the Participant’s Termination of Service for Cause, any unvested shares of Restricted Stock subject to this Agreement will expire and be forfeited as of the date of the Termination of Service.

• Notwithstanding any other provision of this Agreement, no exercise of SARs will be deemed to occur upon Termination of Service for Cause.

• If the Participant has a Termination of Service for Cause, the Option (whether vested or unvested) shall immediately terminate and cease to be exercisable.

• If the Participant has a Termination of Service for Cause, the Participant may exercise the vested portion of the Option, but only within such period of time ending on the earlier of: (a) the date 12 months following the Participant’s Termination of Service or (b) the Expiration Date.

• In the event of the Participant’s Termination of Service for Cause (as defined below), the entire unexercised portion of the Option, whether vested or unvested, shall be forfeited as of the date of such termination without any payment to the Participant.

• Unless otherwise defined in your Service Agreement, “Retirement” means your Termination of Service on or after the date on which you attain age 55 and your age plus your years of service with the Company and its Subsidiaries total at least 65, and your Termination for Service was not for Cause (and your Termination of Service has not occurred at a time when grounds for a Termination of Service for Cause exist).

• In the event of the Participant’s Termination of Service for Cause, all Options that have not been exercised will expire and be forfeited.

More Definitions of Termination of Service for Cause

Termination of Service for Cause means the definition of termination for cause specified in any employment agreement existing on the date hereof or hereafter entered into between the Director and the Bank. If the Director is not a party to an employment agreement containing a definition of termination of cause, then Termination of Service for Cause means the Bank has terminated the Director's services for any of the following reasons, as determined by the Bank's Board of Directors: (a) an international or willful act of fraud, embezzlement, theft, disloyalty or personal dishonesty in connection with the Director's duties or in the performance of services to the Bank, or gross negligence on the part of the Director in the performance of services to the Bank; (b) intentional or willful wrongful damage to property of the Bank or any of its Affiliates; (c) intentional or wrongful disclosure of trade secrets or confidential information of the Bank or any of its Affiliates; or (d) conviction under any law or violation of the Bank policy committed in connection with the Director's service and resulting in an adverse effect on the Bank.

Termination of Service for Cause means a discharge by the Company of an Employee for any of the following reasons: (a) the Employee's commission of any act materially detrimental to the goodwill of the Company or an Affiliate, which act constitutes gross negligence or willful misconduct by the Employee in the performance of his material duties to the Company or an Affiliate, or (b) the Employee's commission of any material act of dishonesty or breach of trust resulting or intended to result in material personal gain or enrichment of the Employee at the expense of the Company or an Affiliate, or (c) the Employee's conviction of a felony.