Removal for Cause definition

Removal for Cause means the removal of a Director by the Directors of the Invesco Funds or by shareholders due to such Director’s willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Director.

Removal for Cause or “Removed for Cause” shall mean termination of the Director’s service as a member of the Board of Directors of the Bank by reason of any of the following:

Removal for Cause means the removal of a Director upon an intentional failure to perform stated duties, personal dishonesty which results in loss to the Company or one of its Affiliates or willful violation of any law, rules or regulation (other than traffic violations or similar offenses) or final cease-and-desist order which results in substantial loss to the Company or one of its Affiliates.

Examples of Removal for Cause in a sentence

• Partial terms shall not be considered in determining whether a person has served two (2) consecutive terms.(4) Removal for Cause.

• Removal for Cause Any member of an appointed Town Board may be removed by the Board of Selectmen by an affirmative vote of three (3) members of the Board of Selectmen as provided herein: A.

• The authority citation for part 11 continues to read as follows: Authority: 12 U.S.C. 93a, 1462a, 1463, 1464 and 5412(b)(2)(B); 15 U.S.C. 78j-1(m), 78m, 78n, 78p, 78w, 78l, 7241, 7242, 7243, 7244, 7261, 7262, 7264, and 7265.

• Removal for Cause: Any Party may challenge a Hearing Officer for cause by filing a request, with supporting declarations made under penalty of perjury under the laws of the State of California and any other evidence the Party is relying on.

• Removal for Cause - Members of the Board may, by resolution passed by at least 80% of the votes cast at a meeting at which notice specifying the intention to pass such a resolution has been given, remove a member before the expiration of his or her term of office and may, by a majority of votes cast at that meeting, appoint any person in his or her stead for the remainder of his or her term.

More Definitions of Removal for Cause

Removal for Cause means termination of the service of the Director by reason of any of the following determined in good faith by the Bank's Board of Directors:

Removal for Cause means a removal of Participant as a member of the Board by Company’s stockholders pursuant to applicable corporate laws governing the removal of Directors.

Removal for Cause means removal from the position of regular director of the Company grounded on violation of the law or the Company’s bylaws or regulations.

Removal for Cause means termination of the service of the Insured by reason of any of the following determined in good faith by the Bank's Board of Directors:

Removal for Cause means termination of the Participant's service on the Board of Directors prior to his designation as a Director Emeritus, due to the Participant'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 infractions), or final cease-and-desist order, or gross negligence in matters of material importance to the Bank.

Removal for Cause means the removal of the Outside Director by shareholder, regulatory or other appropriate action because of a material loss to the Holding Company or one of its affiliates caused by the Outside Director's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, or the willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease and desist order.

Removal for Cause means a removal as a result of a conviction of a felony or a final judgment of a court of competent jurisdiction holding that the applicable Trustee caused demonstrable, material harm to the Trust through bad faith or active and deliberate dishonesty.