Termination For Cause

Termination For Cause. Shall mean a Termination of Employment as a result of (1) your willful and continued failure substantially to perform your duties (other than any such failure resulting from your incapacity due to physical or mental illness), (2) your conviction for a felony, proven or admitted fraud, misappropriation, theft or embezzlement by you, your inebriation or use of illegal drugs in the course of, related to or connected with the business of the Company or any of its Subsidiaries, or your willful... engaging in misconduct that is materially injurious to the Company or any of its Subsidiaries, monetarily or otherwise, or (3) if you have entered into an employment agreement or contract with the Company or any of its Subsidiaries, any other action or omission that is identified in such agreement or contract as giving rise to "Cause" for the termination of your employment with the Company or any of its Subsidiaries. For this purpose, no act, or failure to act, on your part shall be considered "willful" unless done, or omitted, by you not in good faith and without reasonable belief that your action or omission was in the best interest of the Company or any of its Subsidiaries. View More

Termination For Cause. Shall mean the termination by the Company of Optionee's employment with the Company as a result of (i) the Optionee's willful and continued failure to substantially perform Optionee's duties (other than any such failure resulting from the Optionee's Disability or any such failure subsequent to the Optionee being delivered notice of the Company's intent to terminate the Optionee's employment without Cause), (ii) conviction of, or a plea of nolo contendere to, (A) a felony (other than... traffic-related) under the laws of the United States or any state thereof or any similar criminal act in a jurisdiction outside the United States or (B) a crime involving moral turpitude that could be injurious to the Company or its reputation, (iii) the Optionee's willful malfeasance or willful misconduct which is materially and demonstrably injurious to the Company, or (iv) any act of fraud by the Optionee in the performance of the Optionee's duties. View More

Termination For Cause. Shall mean only a termination by the Company as a result of: (i) the Executive's willful and continuing failure, that is not remedied within twenty days after receipt of written notice of such failure from the Company, to perform his obligations hereunder; (ii) the Executive's conviction of, or the pleading of nolo contendre to, a crime of embezzlement, fraud or a felony under the laws of the United States or any state thereof; (iii) the Executive's breach of fiduciary responsibility; or (iv)... an act of dishonesty by the Executive which is materially injurious to the Company. Any determination of Cause under this Agreement shall be made by resolution adopted by a two-thirds (2/3) vote of the Board at a meeting called and held for that purpose. The Executive shall be provided with reasonable notice of such meeting and shall be given the opportunity to be heard, with the presence of counsel, prior to the vote being taken by the Board. View More

Termination For Cause. The Bank terminating the Participant's employment for conviction of a felony resulting in a material economic adverse effect on the Bank

Termination For Cause. Termination of the employment of the Employee because of the Employee's personal dishonesty, incompetence, willful misconduct, breach of a 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.

Termination For Cause. The termination of the Employee's employment with the Company by the Company for "cause" as such term (or any similar term) is defined in the Employee's employment agreement with the Company or any Affiliate; provided, however, that if the Employee does not have such an employment agreement or the Employee's employment agreement does not define the term "cause" (or any similar term), then "Termination for Cause" shall mean the termination of the Employee's employment with the Company based on a... determination by the Committee (or its delegate) that the Employee (i) has engaged in gross negligence, gross incompetence or willful misconduct in the performance of the Employee's duties with respect to the Company or any Affiliate, (ii) has refused without proper legal reason to perform the Employee's duties and responsibilities to the Company or any Affiliate, (iii) has materially breached any material provision of a written agreement or corporate policy or code of conduct established by the Company or any Affiliate, (iv) has willfully engaged in conduct that is materially injurious to the Company or any Affiliate, (v) has disclosed without specific authorization from the Company confidential information of the Company or any Affiliate that is materially injurious to any such entity, (vi) has committed an act of theft, fraud, embezzlement, misappropriation or willful breach of a fiduciary duty to the Company or any Affiliate, or (vii) has been convicted of (or pleaded no contest to) a crime involving fraud, dishonesty or moral turpitude or any felony (or a crime of similar import in a foreign jurisdiction). View More

Termination For Cause. Termination of employment or service as a result of (i) any act or acts by the Participant constituting a felony under any federal, state or local law; (ii) the Participant's willful and continued failure to perform the duties assigned to him or her as an Employee; (iii) any material breach by the Participant of any agreement with the Company concerning his or her employment or service or any other understanding concerning the terms and conditions of employment by, or service with, the Company;... (iv) dishonesty, gross negligence or malfeasance by the Participant in the performance of his or her duties as an Employee, or any conduct by the Participant which involves a material conflict of interest with any business of the Company or Affiliate; (v) the Participant's taking or knowingly omitting to take any other action or actions in the performance of Participant's duties as an Employee without informing appropriate members of management to whom such Participant reports, which action or actions, in the determination of the Committee, have caused or substantially contributed to the material deterioration in the business of the Company or any Affiliate, taken as a whole; (vi) the Participant's failure to follow any Company policy; or (vii) the Participant's breach of any confidentiality obligations to the Company. The Company shall furnish written notice to the Participant of the facts warranting a Termination for Cause View More

Termination For Cause. Only a termination by the Employer as a result of: (i) Executive's willful and continuing failure, that is not remedied within twenty (20) days after receipt of written notice of such failure from the CEO, to perform his obligations hereunder; (ii) Executive's willful act or acts of gross misconduct that are, alone or in the aggregate, materially and demonstrably injurious, monetarily or otherwise, to the Employer or an Affiliate, as determined in the sole discretion of the CEO; or (iii)... Executive's breach of fiduciary responsibility or any obligation of Executive pursuant to Section 8. View More

Termination For Cause. Unless otherwise provided in an Award Agreement, Termination of Employment on account of any act of fraud or intentional misrepresentation or embezzlement, misappropriation or conversion of assets of the Company or any Affiliate, or the intentional and repeated violation of the written policies or procedures of the Company, provided that, for an Employee who is party to an individual severance or employment agreement defining Cause, "Cause" shall have the meaning set forth in such agreement... except as may be otherwise provided in such agreement. For purposes of this Plan, a Participant's Termi nation of Employment shall be deemed to be a Termination for Cause if, after the Participant's employment has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Committee, a Termination for Cause View More

Termination For Cause. Termination of the employment of the Executive at any age because of: (a) Failure to substantially perform employment duties (other than by reason of Disability), after reasonable demand for substantial performance has been delivered by the Company specifically identifying the manner in which the Company believes the Executive has not performed the Executive's duties; (b) Willfully engaging in conduct that demonstrably results in material injury to the Company; (c) Personal dishonesty or breach... of fiduciary duty to the Company that in either case results or was intended to result in personal profit to the Executive at the expense of the Company; or (d) Willful violation of any law, rule or regulation (other than traffic violations, misdemeanors or similar offenses) or cease-and-desist order, court order, judgment or supervisory agreement, which violation demonstrably results in material injury to the Company. View More