Cause

Cause. Cause shall have the meaning set forth in the PNM Resources, Inc. Officer Retention Plan, as it may be amended from time to time.

Cause. For purposes of this Agreement only, "Cause" means (i) the willful and continued or repeated failure by Employee to substantially perform his duties as Chief Executive Officer of the Company (other than as a result of incapacity due to physical or mental illness) after written demand for substantial performance has been delivered by the Board of Directors of Polaris which specifically identifies the manner in which Employee has failed to substantially perform his duties; (ii) Employee engages... in gross negligence, illegal conduct or gross misconduct which is material and demonstrably injurious to the Company; or (ii) Employee is convicted of, or enters a plea of guilty or nolo contendere with respect to, a felony. View More

Cause. Shall mean the Executive's (i) conviction of a felony, act of fraud against, or the misappropriation of property belonging to the Company, (ii) willful misconduct that is demonstrably and materially injurious to the Company, or (iii) continued material violations of his obligation under the Employee Agreement (defined in paragraph 12) or under paragraphs 1, 9 or 13 of this Agreement after there has been delivered to the Executive a written demand for performance from the Company that describes... such violations. View More

Cause. The Employee's termination only upon: (i) The Employee's willful failure, after receipt of at least one written warning, (A) to comply with the Company's policies and practices applicable to the Company's employees in similar job positions or to the Company's employees generally or (B) to follow the reasonable instructions of the Employee's supervisor; (ii) The Employee's engaging in willful misconduct which is demonstrably and materially injurious to the Company; (iii) The Employee's... committing a felony, an act of fraud against, or the misappropriation of property belonging to the Company; (iv) The Employee's breaching in any material respect the terms of this Agreement or the Employee Patent, Secrecy and Invention Agreement between the Employee and the Company. View More

Cause. Means a violation of the Corporation's Code of Conduct and Business Ethics, or substantial and continued failure of the employee to perform, which results in, or was intended to result in (i) demonstrable injury to the Corporation, monetary or otherwise or (ii) gain to, or enrichment of, the Grantee at the Corporation's expense.

Cause. With reference to the Employee, (i) the commission by the Employee of (A) any felony or (B) any other crime or offense involving moral turpitude or dishonesty or involving money or other property of the Company or any Affiliate of the Company; (ii) the Employee's participation in a fraud or act of dishonesty against the Company or any Affiliate of the Company; (iii) the Employee's willful breach of the policies of the Company or of any Affiliate of the Company; (iv) the Employee's intentional... damage to the property of the Company or of any Affiliate of the Company; (v) any material breach by the Employee of any agreement between the Employee and the Company or any Affiliate of the Company; (vi) any unauthorized use or disclosure by the Employee of confidential information or trade secrets of the Company or its Affiliates; (vii) the Employee's refusal or willful failure to substantially perform his or her employment duties; (viii) the Employee's receipt of any bribe or kickback in connection with the Company's or its Affiliates' business; or (ix) the Employee's willful engagement in material misconduct that results in damage to the Company or to its Affiliates or results in adverse publicity, public contempt or public ridicule of the Employee or the Company or its Affiliates. The determination by the Board or the Committee as to whether Cause exists shall be final, conclusive and binding on the Employee View More

Cause. Means the occurrence of any of the following events during the Employment Period: (a) conduct amounting to fraud or dishonesty against the Employer or any subsidiary or affiliate of the Employer; (b) the Employee's intentional misconduct, repeated refusal to follow the reasonable directions of the Chairman or President of the Employer or a material breach of this Agreement, provided an officer of the Employer, upon the direction of the Chairman or President of the Employer, notifies the... Employee of the acts deemed to constitute such intentional misconduct, repeated refusal or material breach in writing and the Employee fails to correct such acts (or begin such action necessary to correct such acts and thereafter diligently pursues the completion thereof) within five (5) business days after written notice is given; (c) repeated intoxication with alcohol or drugs while on the Employer's business during regular business hours; (d) a conviction or plea of guilty or nolo contendere to a felony (other than one arising from the operation of a motor vehicle or resulting from actions taken (or not taken) by the Employee in good faith in his capacity as an employee or officer of the Employer); or (e) the Employee's failure to observe and comply with the requirements in Sections 7 or 8 hereof View More

Cause. As such term is defined in a Participant's Employment Agreement

Cause. (i) the willful and continued failure by Executive to substantially perform Executive's duties with the Company or any Affiliate (other than any such failure resulting from Executive's incapacity due to physical or mental illness), (ii) Executive is convicted of a felony, (iii) Executive willfully engages in gross misconduct materially and demonstrably injurious to the Company or any Affiliate, or (iv) Executive commits one or more significant acts of dishonesty as regards the Company or any... Affiliate. For purposes of clause (i) of this definition, no act, or failure to act, on Executive's part shall be deemed willful unless done, or omitted to be done, by Executive not in good faith and without reasonable belief that Executive's act, or failure to act, was in the best interest of the Company. In the case of clauses (i), (iii) and (iv) above, the determination of whether Cause exists shall only be made by a resolution duly adopted by the affirmative vote of not less than two-thirds of the entire membership of the Board at a meeting of the Board that was called for the purpose of considering such termination (after reasonable notice to Executive and an opportunity for Executive, together with Executive's counsel, to be heard before the Board and, if possible, to cure the breach that was the alleged basis for Cause) finding that, in the good faith opinion of the Board, Executive was guilty of conduct constituting Cause and specifying the particulars thereof in detail. View More

Cause. The definition of "Cause" used in the Grantee's then-effective employment agreement or other service-related agreement with the Company (or any of its subsidiaries or Affiliates), or, if the Grantee does not have an employment agreement or other service-related agreement with the Company (or any of its subsidiaries or Affiliates), or if such term is not defined therein, then Cause shall mean: (A) the commission of an act of gross negligence, willful misconduct, breach of fiduciary duty, fraud,... theft or embezzlement on the part of the Grantee, in any case that adversely affects or may reasonably be expected to adversely affect the business or reputation of the Company, its subsidiaries, or any Affiliate; (B) the conviction or indictment of the Grantee, or a plea of nolo contendere by the Grantee, to any felony or any crime involving moral turpitude; or (C) the continued failure or refusal to perform the duties of the Grantee's position for which they are employed if such failure to perform is not cured by the Grantee within thirty (30) days after notice. View More