Involuntary Termination for Just Cause

Involuntary Termination for Just Cause. Termination of Executive's employment shall be considered an involuntary termination for Just Cause if Executive shall have been terminated because of Executive's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provision of this... Agreement. No act, or failure to act, on Executive's part shall be considered "willful" unless Executive has acted, or failed to act, with an absence of good faith and without reasonable belief that Executive's action or failure to act was in the best interest of the Bank. View More