Termination For Cause. Termination of the Executive's employment by the Bank because of, in the good faith determination of the Board of Directors, the Executive's: (i) material act of dishonesty or fraud in performing the Executive's duties on behalf of the Bank; (ii) willful misconduct that in the judgment of the Board of Directors will likely cause economic damage to the Bank or injury to the business reputation of the Bank; (iii) breach of fiduciary duty involving personal profit; (iv) intentional failure to
... perform the Executive's stated duties after written notice thereof from the Board of Directors; 3 (v) willful violation of any law, rule or regulation (other than traffic violations or similar offenses which results only in a fine or other non-custodial penalty) that reflect adversely on the reputation of the Bank; any felony conviction, any violation of law involving moral turpitude, or any violation of a final cease-and-desist order; or any violation of the policies and procedures of the Bank as outlined in the Bank's employee handbook or policies, which would result in the termination of employment of employees of the Bank, as from time to time amended and incorporated herein by reference; or (vi) material breach of any provision of this Agreement.
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Termination For Cause. Termination
of the Executive's employment by the Bank for Cause shall mean termination because of, in the good faith determination of the
Board of Directors, the Board, Executive's: (i) material act of dishonesty or fraud in performing
the Executive's duties on behalf of the Bank; (ii) willful misconduct that in the judgment of the Board
of Directors will likely cause economic damage to the Bank or injury to the business reputation of the Bank; (iii)
incompetence (in determining incompetence,... the acts or omissions shall be measured against standards generally prevailing in the savings institutions industry); (iv) breach of fiduciary duty involving personal profit; (iv) (v) intentional failure to perform the Executive's stated duties under this Agreement after written notice thereof from the Board of Directors; 3 (v) Board; (vi) willful violation of any law, rule or regulation (other than traffic violations or similar offenses which results only in a fine or other non-custodial penalty) that reflect adversely on the reputation of the Bank; Bank, any felony conviction, any violation of law involving moral turpitude, or any violation of a final cease-and-desist order; or any violation of the policies and procedures of the Bank as outlined in the Bank's employee handbook or policies, handbook, which would result in the termination of employment of employees of the Bank, Bank employees, as from time to time amended and incorporated herein by reference; reference, or (vi) (vii) material breach by Executive of any provision of this Agreement. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to Executive a notice of termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the disinterested members of the Board that Executive was guilty of the conduct described above and specifying the particulars of such conduct.
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Termination For Cause.
Termination of the Executive's employment by the Bank termination because of, in the good faith determination of the
Board of Directors, the Board, Executive's:
(i) (1) material act of dishonesty or fraud in performing
the Executive's duties on behalf of the Bank;
(ii) (2) incompetence (in determining incompetence, the acts or omissions shall be measured against standards generally prevailing in the banking industry) in performing Executive's duties on behalf of the Bank; (3) willful misconduct
... that in the judgment of the Board of Directors will likely cause economic damage to the Bank or injury to the business reputation of the Bank; (iii) (4) breach of fiduciary duty involving personal profit; (iv) (5) intentional failure to perform the Executive's stated duties under this Agreement after written notice thereof from the Board of Directors; 3 (v) Board; (6) willful violation of any law, rule or regulation (other than traffic violations or similar offenses which results only in a fine or other non-custodial penalty) that reflect adversely on the reputation of the Bank; Bank, any felony conviction, any violation of law involving moral turpitude, or any violation of a final cease-and-desist order; or any violation of the policies and or procedures of the Bank as outlined in the Bank's employee handbook or policies, handbook, 3 which would result in the termination of employment of employees of the Bank, a Bank employee, as from time to time amended and incorporated herein by reference; or (vi) (7) material breach by Executive of any provision of this Agreement. A determination of whether Executive's employment shall be terminated for Cause shall be made at a meeting of the Board called and held for such purpose, at which the Board makes a finding that in good faith opinion of the Board an event set forth in clauses (1), (2), (3), (4), (5), (6), or (7) above has occurred and specifying the particulars thereof in detail.
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Termination For Cause.
Termination of the Executive's employment by the Bank shall mean termination because of, in the good faith determination of the
Board of Directors, Board, the Executive's: (i) material act of dishonesty or fraud in performing
the Executive's duties on behalf of the Bank; (ii) willful misconduct that in the judgment of the Board
of Directors will likely cause economic damage to the Bank or injury to the business reputation of the Bank; (iii) breach of fiduciary duty involving personal profit;
... (iv) intentional failure to perform the Executive's stated duties under this Agreement after written notice thereof from the Board of Directors; 3 Board; (v) willful violation of any law, rule or regulation (other than traffic violations or similar offenses which results only in a fine or other non-custodial penalty) that reflect adversely on the reputation of the Bank; Bank, any felony conviction, conviction (except for a conviction related to a traffic violation or a DUI or DWI conviction under applicable law), any violation of law involving moral turpitude, or any violation of a final cease-and-desist order; or any violation of the policies and procedures of the Bank as outlined in the Bank's employee handbook or policies, handbook, which would result in the termination of employment of employees of the Bank, Bank employees, as from time to time amended and incorporated herein by reference; or (vi) (vii) material breach by Executive of any provision of this Agreement. Any determination of Cause under this Agreement will be made by resolution adopted by at least two-thirds vote of the disinterested members of the Board of Directors at the Bank at a meeting called and held for that purpose. Executive will be provided with reasonable notice of such meeting and Executive will be given an opportunity to be heard before such vote is taken by the disinterested members of the Board of Directors of the Bank.
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Termination For Cause.
Termination of the Executive's employment by the Bank termination because of, in the good faith determination of the
Company's Board of
Directors, the Directors (the "Board"), Executive's:
(i) (1) material act of dishonesty or fraud in performing
the Executive's duties on behalf of the Bank;
(ii) (2) incompetence (in determining incompetence, the acts or omissions shall be measured against standards generally prevailing in the banking industry) in performing Executive's duties on behalf of the... Bank; (3) willful misconduct that in the judgment of the Board of Directors will likely cause economic damage to the Bank or injury to the business reputation of the Bank; (iii) (4) breach of fiduciary duty involving personal profit; (iv) (5) intentional failure to perform the Executive's stated duties under this Agreement after written notice thereof from the Board of Directors; 3 (v) Board; (6) willful violation of any law, rule or regulation (other than traffic violations or similar offenses which results only in a fine or other non-custodial penalty) that reflect adversely on the reputation of the Bank; Bank, any felony conviction, any violation of law involving moral turpitude, or any violation of a final cease-and-desist order; or any violation of the policies and or procedures of the Bank as outlined in the Bank's employee handbook or policies, handbook, which would result in the termination of employment of employees of the Bank, a Bank employee, as from time to time amended and incorporated herein by reference; or (vi) (7) material breach by Executive of any provision of this Agreement. A determination of whether Executive's employment shall be terminated for Cause shall be made at a meeting of the Board called and held for such purpose, at which the Board makes a finding that in good faith opinion of the Board an event set forth in clauses (1), (2), (3), (4), (5), (6), or (7) above has occurred and specifying the particulars thereof in detail.
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