Termination For Cause

Termination For Cause. Shall mean termination by Corporation of Officer's employment by Corporation by reason of (i) Officer's failure to comply with the lawful directives of the Board of Directors or the Chief Executive Officer other than as a result of a good faith dispute with respect to the strategic direction of the Corporation, (ii) any criminal act or willful misconduct by Officer that is injurious in any significant respect to the property, operations, business or reputation of the Corporation, or (iii) any... material breach by Officer of any provision of this Agreement, or Officer's failure to exercise good faith efforts to discharge his responsibilities hereunder, if such material breach or failure has not been cured within thirty (30) days following written notice by the Corporation to the Officer of such breach or failure setting forth with specificity the nature of the breach or failure. View More

Termination For Cause. The termination by the Company of Executive's employment as the result of: (i) the willful and continued failure of Executive to perform substantially his duties with the Company (other than any such failure resulting from Executive's incapacity due to physical or mental illness); or (ii) the willful engaging by Executive in illegal conduct (including without limitation, conviction... of a felony) or gross misconduct which is demonstrably and materially injurious to the Company or its affiliates; or (iii) any breach by Executive of the provisions of Sections 8 or 9 below. For purposes of this definition, no act or failure to act by Executive shall be considered "willful" unless done or omitted to be done by Executive in bad faith and without reasonable belief that Executive's action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board, based upon the advice of counsel for the Company (or upon the instructions of the Company's chief executive officer or another senior officer of the Company other than the Executive) shall be conclusively presumed to be done, or omitted to be done, by Executive in good faith and in the best interests of the Company. View More

Termination For Cause. Means termination by the Company of the Optionee's Service with the Company for any of the following reasons: (i) theft, dishonesty, or falsification of any Company records; (ii) improper use or disclosure of the Company's confidential or proprietary information; (iii) any action by the Optionee which has a detrimental effect on the Company's reputation or business; (iv) the Optionee's failure or inability to perform any reasonable assigned duties after written notice from the Company of, and a... reasonable opportunity to cure, such failure or inability; (v) any material breach by the Optionee of any employment agreement between the Optionee and the Company, which breach is not cured pursuant to the terms of such agreement; or (vi) the Optionee's conviction of any criminal act which impairs the Optionee's ability to perform his or her duties with the Company. View More

Termination For Cause. Shall mean (i) conviction of employee for any felony, fraud or embezzlement, or (ii) employee's failure or refusal to comply with the written policies or written directives of the company, or employee being guilty of misconduct in connection with the performance of his or her duties for the Bank.

Termination For Cause. Means a termination of your employment by the Company based on a determination that any one or more of the following has occurred: • Willful refusal to follow lawful and reasonable corporate policy of BOD directives; • Willful failure, gross neglect or refusal to perform duties; • Willful act that intentionally and materially injures the reputation or business of the Company; • Willful breach of confidentiality that has... a material adverse affect on the Company • Fraud or embezzlement; or • Indictment for criminal activity. For purposes of this definition, no act or failure to act shall be considered "willful" unless it was done or omitted to be done not in good faith, and shall not include any act or failure to act resulting from your Disability. Furthermore, a termination for Cause shall not take effect unless you are given written notice by the Company of its intention to terminate you for Cause, and is given to you within 90 days of the Company's learning of such act or acts or failure or failures to act. You shall then have 20 days after the date that such written notice has been given to you in 2 which to cure such conduct, to the extent such cure is possible. If you fail to cure such conduct, you shall then be entitled to a hearing before the BOD at which you and your counsel are entitled to appear. Such hearing shall be held within 25 days of such notice to you, provided you request such hearing within 10 days of the written notice from the Company of the intention to terminate you for Cause. If, within five days following such hearing, you are furnished written notice by the BOD confirming that, in its judgment, grounds for Cause on the basis of the original notice exist, you shall then be terminated for Cause. For purposes of such determination by the BOD, at least 75% of the BOD voting on the issue of your termination must find that there was grounds on which to terminate you for Cause. Any termination initiated by the Company for reasons other than those described above and not made in accordance with the above procedures shall be considered a "Termination without Cause". View More

Termination For Cause. Shall mean termination by the Company of Employee's employment by the Company by reason of Employee's conviction of any felony crime, Employee's dishonesty towards, fraud upon or injury or attempted injury to the Company or its clients, Employee's breach of this Agreement, or any reason that constitutes "cause" under applicable law.

Termination For Cause. Means termination of employment pursuant to the conduct-based provisions of the employer's policy on involuntary termination of employment by reason of a Participant's action or willful omission, including without limitation, the commission of a crime, fraud, willful misconduct or the unauthorized use or disclosure of confidential information which has resulted or is likely to result in damage to the Company or any ... of its subsidiaries. View More

Termination For Cause. The term "Termination for Cause" shall mean termination of Employment of the Executive by reason of any of the following: (A) Dishonest or fraudulent conduct by Executive with respect to the performance of Executive's duties with Bank or its parent corporation (The Bank Holdings); (B) Conduct by Executive that materially discredits Bank or its parent corporation or any of its subsidiaries or is materially... detrimental to the reputation of the Bank or its parent corporation or any of its subsidiaries, including but not limited to conviction or a plea of nolo contendere of Executive of a felony or crime involving moral turpitude; (C) Executive's willful misconduct or gross negligence in performance of Executive's duties under this Agreement, including but not limited to Executive's refusal to comply in any material respect with the legal directives of the Executive's immediate supervisor or the Board of Directors (hereinafter the "Board"), if such misconduct or negligence has not been remedied or is not being remedied to the Board's reasonable satisfaction within thirty (30) days after written notice, including a detailed description of the misconduct or negligence, has been delivered by the Board to Executive; (D) An order or directive from a state or federal banking regulatory agency requesting or requiring removal of Executive or a finding by any such agency that Executive's performance threatens the safety or soundness of Bank, its parent corporation or any of its subsidiaries; (E) Material breach of Executive's fiduciary duties to Bank if such breach has not been remedied or is not being remedied to the Board's reasonable satisfaction within thirty (30) days after written notice, including a detailed description of the breach that has been delivered by the Board to Executive; (F) The Executive is convicted of a felony or misdemeanor involving moral turpitude; (G) State and/or Federal banking regulators request or order termination of this Agreement; or (H) The Executive commits any act which could cause termination of Coverage under the Bank's Blanket Bond as to the Executive, as distinguished from termination of such coverage as to the Bank as a whole. View More

Termination For Cause. Means a termination of Associate's employment whenever occasioned by (i) the willful and continued failure by Associate to substantially perform duties with Reynolds (other than any such failure resulting from incapacity due to physical or mental illness) after a written demand for substantial performance is delivered to Associate by the Board, which demand specifically identifies the manner in which the Board believes Associate has not substantially performed Associate's duties, or (ii) the... willful engaging by Associate in conduct which is demonstrably and materially injurious to Reynolds or its subsidiaries, monetarily or otherwise. For purposes of this definition, no act, or failure to act, on Associate's part shall be deemed "willful" unless done, or omitted to be done, by Associate not in good faith and without reasonable belief that Associate's act, or failure to act, was in the best interest of Reynolds. View More

Termination For Cause. Means a termination of Employee's employment whenever occasioned by (i) the willful and continued failure by Employee to substantially perform duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental illness) after a written demand for substantial performance is delivered to Employee by the Board, which demand specifically identifies the manner in which the Board believes Employee has not substantially performed Employee's duties, or (ii) the... willful engaging by Employee in conduct which is demonstrably and materially injurious to the Corporation or its subsidiaries, monetarily or otherwise. For purposes of this definition, no act, or failure to act, on Employee's part shall be deemed "willful" unless done, or omitted to be done, by Employee not in good faith and without reasonable belief that Employee's act, or failure to act, was in the best interest of the Corporation. View More