Termination For Cause

Termination For Cause. The Company shall have the right to terminate the services of Executive at any time without further liability or obligations to Executive if: (i) Executive has failed or refused to perform such services as may reasonably be delegated or assigned to Executive consistent with the Executive's position, by the Chief Executive Officer or the Board of Directors, (ii) Executive has been grossly negligent in connection with the performance of Executive's duties, (iii) Executive has committed acts... involving dishonesty, willful misconduct, breach of fiduciary duty, fraud, or any similar offense which materially affects Executive's ability to perform Executive's duties for the Company or may materially adversely affect the Company, (iv) Executive has been convicted of a felony; or (v) Executive has violated or breached in any respect any material term, covenant or condition contained in this Agreement or in any employment, confidentiality and/or non-competition agreement between the Company and Executive. Termination of the services of Executive for Cause shall not be effective unless and until acted upon by the Board of Directors and unless and until written notice shall have been given to Executive which notice shall include identification with specificity of each and every factual basis or incident upon which the termination is based. View More

Termination For Cause. Shall have that meaning set forth in Officer's Employment Agreement.

Termination For Cause. Has the meaning set forth in the Employment Agreement. 1

Termination For Cause. Means a termination of a Participant's employment whenever occasioned by (i) the willful and continued failure by a Participant 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 the Participant by the Board, which demand specifically identifies the manner in which the ... Board believes the Participant has not substantially performed the Participant's duties, or (ii) the willful engaging by a Participant 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 a Participant's part shall be deemed "willful" unless done, or omitted 6 to be done, by Participant not in good faith and without reasonable belief that Participant's act, or failure to act, was in the best interest of Reynolds. View More

Termination For Cause. Means the Optionee or Grantee has terminated employment and has been found by the Committee to be guilty of theft, embezzlement, fraud or misappropriation of the Company's property or any action which, if the individual were an officer of the Company, would constitute a breach of fiduciary duty.

Termination For Cause. Means the termination by the Company or any subsidiary of Executive's employment with the Company or any subsidiary as a result of (i) the commission by Executive of a felony or a fraud, (ii) conduct by Executive that brings the Company or any subsidiary or affiliate of the Company into substantial public disgrace or disrepute, (iii) gross negligence or gross misconduct by Executive with respect to the Company or any subsidiary or affiliate... of the Company or (iv) Executive's violation of paragraph 7 of this Agreement. View More

Termination For Cause. Shall mean termination of Executive's employment by the Company (or its subsidiaries) by reason of Executive's gross negligence, gross neglect or willful misconduct in the performance of his duties or Executive's final conviction of a felony or of a misdemeanor involving moral turpitude, excluding misdemeanor convictions relating to the operation of a motor vehicle.

Termination For Cause. Shall mean termination of the Executive's employment by the Corporation as a result of activity by the Executive detrimental to the interests of the Corporation, including without limitation: (i) the rendering of services for an organization, or engaging in a business, that is in competition with the Corporation; (ii) the disclosure to anyone outside of the Corporation, or the use for any purpose other than the Corporation's... business, of confidential information or material related to the Corporation; (iii) fraud, embezzlement, theft-in-office or other illegal activity; or (iv) violation of the Corporation's Code of Ethics. View More

Termination For Cause. Means termination by the Company of Employee's employment by the Company and its subsidiaries by reason of (i) the commission of any criminal act by Employee (other than minor traffic violations), (ii) gross misconduct or gross negligence by the Employee in the performance of his duties, or (iii) material willful violation by Employee of any of the policies of Employer.

Termination For Cause. Shall mean termination by Company of Consultant's engagement by Company by reason of (a) Consultant's willful dishonesty towards, fraud upon, or deliberate injury or attempted injury to Company which has resulted in material injury to Company, or (b) violation by Consultant of the provisions of Section 6, 7, or 8 hereof which has resulted in material injury to Company; provided, however, that Consultant's engagement shall not be deemed to have been a "Termination for Cause" if such... termination took place as a result of any act or omission believed by Consultant in good faith to have been in the interest of Company. View More