Cause Definition Example

Cause. With respect to Executive one or more of the following: (i) the conviction of or plea of nolo contendere to a felony or other crime involving moral turpitude or the conviction of any crime involving misappropriation, embezzlement or fraud with respect to Holdings or any of the Subsidiaries or any of their customers, suppliers or other business relations, (ii) conduct outside the scope of Executive's duties and responsibilities under this Agreement that causes Holdings or any of the Subsidiaries... substantial public disgrace or disrepute or economic harm, (iii) repeated failure to perform duties consistent with this Agreement as reasonably directed by the Board, (iv) any act or knowing omission aiding or abetting a competitor, supplier or customer of Holdings or any of the Subsidiaries to the disadvantage or detriment of Holdings and the Subsidiaries, (v) breach of fiduciary duty, gross negligence or willful misconduct with respect to Holdings or any of the Subsidiaries, (vi) an administrative or other proceeding results in the suspension or debarment of Executive from participation in any contracts with, or programs of, the United States or any of the fifty states or any agency or department thereof, or (vii) any other material breach by Executive of this Agreement or any other agreement between Executive and Holdings or any of the Subsidiaries, which is not cured to the Board's reasonable satisfaction within thirty (30) days after written notice thereof to Executive. View More