Separation for Cause. At any time during the term of this Agreement, the Company may separate Executive's employment for cause, in which event Executive's employment will immediately terminate. For the purpose of this Agreement, the Company shall have "Cause" to separate Executive's employment for any of the following reasons: (1) dishonesty or fraud, (2) disclosure of confidential information regarding the Company, (3) aiding a competitor (as defined in the Non-compete provisions of the Letter Agreement) of the Company or other material breach of the Non-compete provisions of the Letter Agreement, (4) the use by Executive of controlled substances (not legally prescribed by a physician) or the use of alcohol that interferes, in the sole but good faith discretion of the Company, with the performance of Executive duties, (5) willful misconduct, acts of moral turpitude, malfeasance or gross negligence in the performance of his duties hereunder, or (6) the failure to obtain and maintain all licenses, qualifications and credentials required by any state or Federal agency or authority having jurisdiction over the Company, or its employees or properties, in any case under clauses (1) through (6) that are materially injurious to the business or reputation of the Company or any of it affiliates, as determined in good faith by the Board or the CEO. Separation for Cause must be approved by the CEO or the Board but only after reasonable notice to Executive and a reasonable opportunity to explain and cure the conduct, unless under the circumstances there is no cure or the time required for a cure would materially harm the Company or any of its affiliates. The failure of Executive to meet financial projections, budgets or target performance objectives shall not be deemed willful misconduct or gross negligence for the purposes of this Agreement.
Separation for Cause i. Notwithstanding the provisions of subsection 8.c., the Employee may be terminated for Cause. As used in this section, "
Separation for Cause. (1) Notwithstanding the severance provisions of Section V.C, the City Administrator may be terminated for cause at any time. Termination for cause means termination based upon (a) a malfeasance of any nature by the City Administrator occurring in the course and scope of the City Administrator’s duties as City Administrator, or (b) a conviction or plea of guilty or nolo contendere, in a criminal action against the City Administrator individually involving any felony, crime of moral turpitude, or (c) violation of statute or law constituting forfeiture of office, misconduct in office for personal gain, misuse of public funds for personal benefit, or conflict of interest.
Separation for Cause. At any time during the term of this Agreement, the Company may separate Executive's employment for cause, in which event Executive's employment will immediately terminate. For the purpose of this Agreement, the Company shall have "Cause" to separate Executive's employment for any of the following reasons: (1) dishonesty or fraud, (2) disclosure of confidential information (Section 8) regarding the Company or other material breach of Section 8, (3) aiding a competitor (as defined in Section 8) of the Company or other material breach of Section 8, (4) the use by Executive of controlled substances (not legally prescribed by a physician) or the use of alcohol that interferes, in the sole discretion of the Company, with the performance of Executive duties, (5) willful misconduct, acts of moral turpitude, malfeasance or gross negligence in the performance of his duties hereunder, or (6) the failure to obtain and maintain all licenses, qualifications and credentials required by any state or Federal agency or authority having jurisdiction over the Company, or its employees or properties, in any case under clauses (1) through (6) which are materially injurious to the business or reputation of the Company or any of it affiliates, as determined in good faith by the Board or the CEO. Separation for Cause must be approved by the CEO or the Board but only after reasonable notice to Executive and a reasonable opportunity to explain and cure the conduct, unless under the circumstances there is no cure or the time required for a cure would materially harm the Company or any of its affiliates. The failure of Executive to meet financial projections, budgets or target performance objectives shall not be deemed willful misconduct or gross negligence for the purposes of this Agreement. All the provisions and obligations of Executive under Section 8 will survive his Separation for Cause.
Separation for Cause. Notwithstanding any provision hereof to the contrary, including (a), (b) and (c) above, if a Participant is Separated For Cause, such Participant shall forfeit one hundred percent (100%) of his undistributed Benefit on the date of his Separation for Cause.
Separation for Cause. At any time during the term of this Agreement, the Company may separate Executive's employment for cause, in which event Executive's employment will immediately terminate. For the purpose of this Agreement, the Company shall have "Cause" to separate Executive's employment for any of the following reasons: (1) dishonesty or fraud, (2) disclosure of confidential information (Section 8) regarding the Company or other material breach of Section 8, (3) aiding a competitor (as defined in Section 8) of the Company or other material breach of Section 8, (4) the use by Executive of controlled substances (not legally prescribed by a physician) or the use of alcohol that interferes, in the sole discretion of the Company, with the performance of the Executive duties, or (5) willful misconduct, insubordination, acts of moral turpitude or gross negligence in the performance of his duties hereunder which are injurious to the Company or any of it subsidiaries as determined in good faith by management. Separation for Cause shall be approved by the Chief Executive Officer or his designee but only after reasonable notice to Executive and a reasonable opportunity to explain the conduct. The failure of the Executive to meet financial projections, budgets or target performance objectives alone shall not be deemed willful misconduct or gross negligence for the purposes of this Agreement. All the provisions and obligations of Executive under Sections 8 and 9 will survive his Separation for Cause.
Separation for Cause. In the event of the Executive’s termination of employment for Cause, Executive will only be entitled to the amounts payable and/or benefits due under paragraphs 5(a), 5(b) (iii), and 5(b) (iv) herein, except to the extent he would be otherwise disqualified from receipt of such amounts or benefits under the terms of the applicable award agreements and/or benefit plans.
Separation for Cause. If your employment is terminated by the Company for Cause, you will not be entitled to any Separation Pay or Benefits Coverage and all outstanding unvested equity awards held by you shall be forfeited for no consideration, effective as of the Separation Date.
Separation for Cause. Notwithstanding any provision of this Agreement to the contrary, the Bank shall not distribute any benefit under this Agreement in excess of the Deferrals if the Employee’s employment with the Bank is terminated by the Bank or an applicable regulator due to a Separation for Cause.
Separation for Cause. Section 3. Disciplinary actions will be initiated only after a preliminary investigation or inquiry indicates that such action may be appropriate. If such action is initiated, the employee will be given advance notice in writing, except in the case of a written reprimand.
