Termination For Cause

Termination For Cause. Means a termination because of: (i) the continued failure by the Corporate Officer to devote reasonable time and effort to the performance of the Corporate Officer's duties (other than any such failure resulting from the Corporate Officer's incapacity due to physical or mental illness) after written demand therefor has been delivered to the Corporate Officer by the Company that specifically identifies how the Corporate Officer has not devoted reasonable time and effort to the performance... of the Corporate Officer's duties; or (ii) the willful engaging by the Corporate Officer of misconduct which is materially injurious to the Company, monetarily or otherwise; or (iii) the Corporate Officer's conviction of a felony or a crime involving moral turpitude; in any case as determined by the Committee upon the good faith vote of not less than a majority of the directors then in office, after reasonable notice to the Corporate Officer specifying in writing the basis or bases for the proposed Termination for Cause and after the Corporate Officer has provided an opportunity to be heard before a meeting of the Committee held upon reasonable notice to all directors; provided, however, that a Termination for Cause shall not include a termination attributable to: (i) bad judgment or negligence on the part of the Corporate Officer other than habitual negligence; or (ii) an act or omission believed by the Corporate Officer in good faith to have been in or not opposed to the best interests of the Company and reasonably believed by the Corporate Officer to be lawful; or (iii) the good faith conduct of the Corporate Officer in connection with a Change in Control (including the Corporate Officer's opposition to or support thereof). View More

Termination For Cause. Shall be a termination because of: (i) the continued failure by the Executive to devote reasonable time and effort to the performance of the Executive's duties (other than any such failure resulting from the Executive's incapacity due to physical or mental illness) after written demand therefor has been delivered to the Executive by the Company that specifically identifies how the Executive has not devoted... reasonable time and effort to the performance of the Executive's duties; or (ii) the willful engaging by the Executive in misconduct which is materially injurious to the Company, monetarily or otherwise; or (iii) the Executive's conviction of a felony or a crime involving moral turpitude; in any case as determined by the Board upon the good faith vote of not less than a majority of the directors then in office, after reasonable notice to the Executive specifying in writing the basis or bases for the proposed Termination for Cause and after the Executive has been provided an opportunity to be heard before a meeting of the Board held upon reasonable notice to all directors; provided, however, that a Termination for Cause shall not include a termination attributable to: (i) bad judgment or negligence on the part of the Executive other than habitual negligence; or (ii) an act or omission believed by the Executive in good faith to have been in or not opposed to the best interests of the Company and reasonably believed by the Executive to be lawful; or (iii) the good faith conduct of the Executive in connection with a Change in Control (including the Executive's opposition to or support thereof). View More

Termination For Cause. Shall include, but not be limited to, a finding by the Board of the Participant's: (i) performance of duties in an incompetent manner; (ii) commission of any act of fraud, insubordination, misappropriation or personal dishonesty relating to or involving the Company in any material way; (iii) gross negligence; (iv) violation of any express direction of the Company or any material violation of any rule, regulation, policy or plan established by the Company -2- from time to time... regarding the conduct of its employees or its business; (v) violation of any obligation of Participant's consulting relationship or Continuous Status as an Employee with the Company that is demonstrably willful and deliberate on the Participant's part; (vi) disclosure or use of confidential information of the Company, other than as required in the performance of the Participant's duties; (vii) actions that are clearly contrary to the best interest of the Company; (viii) conviction of a crime constituting a felony or any other crime involving moral turpitude, or no conviction, but the substantial weight of credible evidence indicates that the Participant has committed such a crime; or (ix) the Participant's use of alcohol or any unlawful controlled substance to an extent that it interferes with the performance of the Participant's duties. View More

Termination For Cause. Means discharge of Executive prior to the end of the Term in accordance with the provisions of Section 7(d) below for any of the reasons listed therein.

Termination For Cause. Shall mean a Pre-Retirement Termination of Service by the Bank on account of a Participant's (1) gross negligence in the performance of duties or gross neglect of duties; (2) commission of a misdemeanor involving moral turpitude or a felony; or (3) fraud, disloyalty or willful violation of any law.

Termination For Cause. Means the termination of the Employee's employment by act of the Board on account of (i) conviction of, plea of nolo contendre to, or formal admission to, a felony, including conviction of, or formal admission to, a misdemeanor the circumstances of which are to the material detriment of the Company's reputation whether or not in the performance of duties thereunder as determined in the reasonable judgment of the Company; (ii) an act by the Employee of willful misconduct, willful or gross... neglect, fraud, misappropriation or embezzlement in the performance of the Employee's duties with the Company; (iii) repeated failure to adhere to the lawful directions of Company management, or to adhere to the Company's lawful policies and practices; (iv) continued failure to substantially perform the Employee's duties properly assigned to him after demand for substantial performance is delivered by the Company specifically identifying the manner in which the Company believes the Employee has not substantially performed his duties; or (v) breach in any material respect of the terms and provisions of this Agreement (including the separately executed Non-Disclosure, Non-Compete and Non-Solicitation Agreement entered into between the Employee and the Company) and failure to cure such breach within 30 days following written notice from the Company specifying such breach. View More

Termination For Cause. Any termination of Employee's employment with the Employer by reason of a finding by the Employer of acts or omissions constituting, in the Employer's reasonable judgment, (1) a breach of duty by Employee in the course of Employee's employment involving fraud, acts of dishonesty (other than inadvertent acts or omissions), disloyalty to the Employer, or moral turpitude constituting criminal felony; (2) conduct by Employee that is materially detrimental to the Employer, monetarily or otherwise,... or reflects unfavorably on the Employer or Employee to such an extent that the Employer's best interests reasonably require the termination of Employee's employment; (3) acts or omissions of Employee materially in violation of Employee's obligations under any written employment or other agreement between Employee and the Employer or at law; (4) Employee's failure to comply with or enforce Employer policies concerning equal employment opportunity, including engaging in sexually or otherwise harassing conduct; (5) Employee's repeated insubordination; (6) Employee's failure to comply with or enforce, in any material respect, all other personnel policies of the Employer; (7) Employee's failure to devote Employee's full (or other required) working time and best efforts to the performance of his responsibilities to the Employer; or (8) Employee's conviction of, or entry of a plea agreement or consent decree or similar arrangement with respect to a felony or any violation of federal or state securities laws. View More

Termination For Cause. A termination of the directorship of Optionee by the Company or any Affiliate due to: (i) The commission by Optionee, as reasonably determined by the Committee, of any theft, embezzlement or felony against the Company or any Affiliates; (ii) The commission of an unlawful or criminal act by Optionee resulting in material injury to the business or property of the Company or Affiliates or of an act generally considered to involve moral turpitude, all as reasonably determined by the Committee;... (iii) The commission of an intentional act by Optionee in the performance of Optionee's duties as a director of the Company or any Affiliate amounting to gross negligence or misconduct or resulting in material injury to the business or property of the Company or Affiliates, all as reasonably determined by the Committee; or (iv) The habitual drunkenness or drug addiction of Optionee, as reasonably determined by the Committee View More

Termination For Cause. The termination by PPL or an Affiliated Company of the Executive's employment due to the willful violation of any PPL or an Affiliated Company policy (including PPL's Standards of Conduct and Integrity or any successor thereto), violation of any lawful direction of PPL or an Affiliated Company, gross negligence in the performance of duties, or commission of a felony.

Termination For Cause. A Termination of Service for "cause," "just cause," "misbehavior," or any similar term, as defined in any unexpired employment agreement between the Participant or other individual and the Company, as the case may be (including without limitation any employment agreement the effectiveness of which has been triggered by a change of control as defined therein), or, in the absence of such an agreement, or if such agreement exists but does not define any such term, an involuntary Termination of... Service of the Participant or other individual on account of the Participant's or other individual's engaging in (i) any willful or intentional neglect in performing his duties, including, but not limited to, fraud, misappropriation or embezzlement involving property of the Company, or (ii) any other intentional wrongful act that may impair the goodwill or business of the Company, or that may cause damage to any of their businesses View More