Cause

Cause. Means, unless otherwise set forth in an Award Agreement or other written agreement between the Company and the applicable Participant, a finding by the Committee, before or after the Participant's termination of Service, of: (i) any material failure by the Participant to perform the Participant's duties and responsibilities under any written agreement between the Participant and the Company or its Affiliate(s); (ii) any act of fraud, embezzlement, theft or misappropriation by the Participant... relating to the Company, the Partnership or any of their Affiliates; (iii) the Participant's commission of a felony or a crime involving moral turpitude; (iv) any gross negligence or intentional misconduct on the part of the Participant in the conduct of the Participant's duties and responsibilities with the Company or any Affiliate(s) of the Company or which adversely affects the image, reputation or business of the Company, the Partnership or their Affiliates; or (v) any material breach by the Participant of any agreement between the Company or any of its Affiliates, on the one hand, and the Participant on the other. The findings and decision of the Committee with respect to such matter, including those regarding the acts of the Participant and the impact thereof, will be final for all purposes. View More

Cause. Any one of the following as determined by the Board in good faith: (i) the intentional misconduct of an Employee of the Company which results or may result in material harm to the Company or its employees, Directors, Consultants, property or business; or (ii) the failure or refusal of an Employee to perform the duties of the Employee reasonably assigned to such Employee by the Chief Executive Officer of the Company after the Employee has been provided thirty (30) days written notice by the... Board of such failure or refusal and the intention of the Board to terminate the employment of the Employee as a result thereof. View More

Cause. Any one of the following: (i) failure of the Participant to perform the duties required of the Participant pursuant to his or her employment agreement or otherwise applicable to the Participant in connection with his or her employment in a manner satisfactory to the Company, in its sole discretion; provided, however, for purposes of this subparagraph (i), Cause will not exist unless the Company first gives the Participant written notice ("Notice of Deficiency"). The Notice of Deficiency shall... specify the deficiencies in the Participant's performance of his or her duties. The Participant shall have a period of thirty (30) days, commencing on receipt of the Notice of Deficiency, in which to cure the deficiencies contained in the Notice of Deficiency. In the event the Participant does not cure the deficiencies to the satisfaction of the Company, in its sole discretion, within such thirty (30) day period (or if during such thirty (30) day period the Company determines that the Participant is not making reasonable, good faith efforts to cure the deficiencies to the satisfaction of the Company), then a termination by the Company as a result of such deficiencies will be for Cause; (ii) any dishonesty by the Participant in the Participant's dealings with the Company, the commission of fraud by the Participant, negligence in the performance of the duties of the Participant, insubordination, willful misconduct, or the conviction (or plea of guilty or nolo contendere) of the Participant of, or indictment or charge with respect to, any felony, or any other crime involving dishonesty or moral turpitude; (iii) any violation of any covenant or restriction contained in Section 9 hereof or any similar restriction applicable to the Participant; or (iv) any violation of any current or future material published policy of the Company or its Affiliates (material published policies include, but are not limited to, the Company's discrimination and harassment policy, management dating policy, responsible alcohol policy, insider trading policy and security policy). View More

Cause. Shall have the meaning ascribed to it in the Employment Agreement. shall mean (1) Executive's refusal to perform or disregard of Executive's duties or responsibilities, or of specific directives of the officer or other executive of the Company or any of its Subsidiaries to whom the Executive reports; (2) Executive's willful, reckless or negligent commission of act(s) or omission(s) which have resulted in or are likely to result in, a loss to, or damage to the reputation of, the Company or any... of its Subsidiaries, or that compromise the safety of any employee or other person; (3) the Executive's act of fraud, embezzlement or theft in connection with his or her duties to the Company or any of its Subsidiaries or in the course of his or her employment, or the Executive's commission of a felony or any crime involving dishonesty or moral turpitude; (4) the Executive's material violation of the policies or standards of the Company or any of its Subsidiaries or of any statutory or common law duty of loyalty to the Company or any of its Subsidiaries; or (5) any material breach by the Executive of any one or more noncompetition, nonsolicitation, confidentiality or other restrictive covenants to which the Executive is subject. View More

Cause. (a) A material breach of the terms of this Agreement by the Employee, including, without limitation, failure by the Employee to perform the Employee's duties and responsibilities in the manner and to the extent required under this Agreement, which breach remains uncured after the expiration of thirty (30) days following the delivery of written notice of such breach to the Employee by the Employer; (b) Conduct by the Employee that (i) constitutes fraud, dishonesty, gross malfeasance of duty or... conduct grossly inappropriate to the Employee's office; (ii) the willful violation of any banking law, rule, or banking regulation (other than a traffic violation or similar offense); (iii) an intentional failure to perform stated duties; or (iv) a breach of fiduciary duty involving personal profit. The Employee shall have been provided with an opportunity to be heard in person by the Board of Directors of Wellesley Bank (with the assistance of counsel, if desired) and, in the event of any such hearing, the decision of the Employer is confirmed by a vote of the membership of the Board of Directors of Wellesley Bank as provided in Section 3.2.1; (c) Conduct resulting in the conviction of the Employee of a felony; or (d) Conduct by the Employee that results in the permanent removal of the Employee from his position as an officer or employee of Wellesley Bank pursuant to a written order by any regulatory agency with authority or jurisdiction over the Employer View More

Cause. (i) gross negligence or willful misconduct in the performance of Employee's duties to the Company after written notice to Employee and the failure to cure same within ten (10) business days after receipt of written notice; (ii) refusal or failure to act in accordance with any lawful specific direction or order of the Board after written notice to Employee of such refusal or failure and failure to cure the same within ten (10) days after receipt of written notice; (iii) commission of any act of... fraud with respect to the Company; (iv) Employee's material breach of any written agreement or material policy of the Company after written notice to Employee of such breach and failure to cure, if curable, the same within ten (10) business days after receipt of written notice; and (v) Employee's conviction of, or plea of nolo contendre to, a crime which adversely affects the Company's business or reputation, in each case as determined by the Board; (vi) Employee's willful unauthorized disclosure of Confidential Information (as defined in the Company's Confidential Disclosure policy); (vii) continued or excessive absences or tardiness, after an official warning has been issued and failure to cure (not including authorized leaves of absence, FMLA leave, or absences that are a result of an accommodation under ADA). View More

Cause. (i) the willful and continued failure of Executive to perform substantially Executive's duties with the Employer, other than any such failure resulting from Disability, after a written demand for substantial performance is delivered to Executive by the President and Chief Executive Officer of the Employer or his designee (collectively referred to as "Management"), which specifically identifies the manner in which Management believes that Executive has not substantially performed Executive's... duties; (ii) the willful engaging by Executive in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Employer; (iii) continued insubordination with respect to directives of Management after receipt of a written warning from Management with respect thereto; or (iv) a willful act by Executive which constitutes a material breach of Executive's fiduciary duty to the Employer which is intended by Executive to injure the reputation or business of the Employer. View More

Cause. 13.6.

Cause. Shall mean the occurrence of any of the following, as determined by the Board: (i) Executive's conviction of any felony or any crime involving fraud or dishonesty; (ii) Executive's participation (whether by affirmative act or omission) in a fraud, act of dishonesty or other act of misconduct against the Company and/or its affiliates; (iii) conduct by Executive which, based upon a good faith and reasonable factual investigation by the Board, demonstrates Executive's gross unfitness to serve;... (iv) Executive's violation of any statutory or fiduciary duty, or duty of loyalty, owed to the Company; (v) Executive's breach of any material term of any material contract between such Executive and the Company, after written notice to Executive and an opportunity of at least thirty (30) days to cure; (vi) Executive's repeated violation of any material Company policy, after written notice to Executive and an opportunity of at least thirty (30) days to cure; and/or (vii) Executive's repeated failure to adequately perform his job duties, after written notice to Executive and an opportunity of at least thirty (30) days to cure. Whether a termination is for Cause shall be decided by the Board in its sole and exclusive judgment and discretion. View More

Cause. Conviction of the Grantee of a felony which is, in the opinion of the Administrator, likely to result in injury of a material nature to the Company or a Subsidiary; the material violation by the Grantee of written policies of the Company or a Subsidiary; the gross and habitual negligence by the Grantee in the performance of the Grantee's duties to the Company or its Subsidiaries; or the willful and intentional action or omission to act in connection with the Grantee's duties to the Company or a... Subsidiary resulting, in the opinion of the Administrator, in injury of a material nature to the Company or a Subsidiary View More