Termination For Cause

Termination For Cause. Shall mean prior to any termination of employment by the Company, the Executive shall have committed: (a) An intentional act of fraud, embezzlement or theft in connection with his duties or in the course of his employment with the Company; (b) Intentional wrongful damage to property of the Company; or (c) Intentional wrongful disclosure of secret processes or confidential information of the Company; And... any such act shall have been materially harmful to the Company. View More

Termination For Cause. Shall mean termination of a Participant's employment with the Company and/or its Subsidiaries in the event of (i) a Participant's repeated failure to perform work reasonably assigned to him in a competent, diligent and satisfactory manner as determined by the Board in its reasonable judgment, (ii) a Participant's commission of any material act of dishonesty or disloyalty involving the Company or any Subsidiary, (iii) a Participant's chronic absence from work other than by reason of a serious... health condition, (iv) a Participant's commission of a crime which, in the reasonable judgment of the Board, is substantially related to the circumstances of the Participant's position with the Company or any Subsidiary or which has a material adverse effect on the business of the Company or any Subsidiary, or (v) the willful engaging by a Participant in conduct which is demonstrably and materially injurious to the Company or any Subsidiary. For purposes of this Plan, no act, or failure to act, on Participant's part will be deemed "willful" unless done or omitted to be done, by the Participant not in good faith. View More

Termination For Cause. Shall mean the Corporation's termination of the Executive's employment with the Corporation pursuant to a determination by the Board, in its sole and absolute discretion, but acting in good faith, that the individual is guilty of engaging in acts in the course of his employment with the Corporation that constitute theft, dishonesty, fraud, or embezzlement.

Termination For Cause. Shall mean, in the case of an Outside Director, removal from the Board of Directors, or, in the case of an Employee, termination of employment, in both such cases as determined by the Board of Directors, because of an act or acts of gross misconduct, willful neglect of duties or commission of a felony or equivalent violation of law. No act, or the failure to act, on Participant's part shall be "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the... action or omission was in the best interest of the Bank or one of its Affiliates. View More

Termination For Cause. Means the Bank's termination of Mr. Snyder's employment based upon the Bank's reasonable belief, after the exercise of due diligence, that Mr. Snyder (i) consistently has failed to perform substantial duties of his position, (ii) consistently has performed substantial duties of his position in a grossly negligent manner, or (iii) has been guilty of bad faith or wilful misconduct in performing or failing to perform substantial duties of his position and has failed to correct any such condition... identified in subsections (i) , (ii) or (iii) , above, within a reasonable time after written notice by the Bank to Mr. Snyder of such condition; or (iv) has been convicted of a misdemeanor that causes material injury to the business or financial condition of the Bank or (v) has been (A) convicted of a felony or (B) the subject of an information or indictment charging a felony; provided that, he shall be entitled to reinstatement, if requested, in the event no conviction is entered. For purposes hereof, "conviction" and "convicted" mean a final judgment on a verdict or finding of guilty, a plea of guilty, or a plea of nolo contendere. View More

Termination For Cause. Means termination of the employment of the Executive because of the Executive's dishonesty, incompetence, willful misconduct, breach of a fiduciary duty involving personal profit, intentional failure to perform duties or gross negligence in such performance, insubordination, 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 or any other agreement between... Executive and the Bank or the Holding Company. View More

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 conviction of Executive for a felony or a fraud, (ii) gross negligence by Executive with respect to the Company or any subsidiary or affiliate of the Company, (iv) Executive's abandonment of Executive's employment with the Company or any subsidiary, or (v) any material breach by Executive of this Agreement, any other material 6 agreement with... the Company or any subsidiary, or a material employment policy of the Company, which is not cured within thirty days after written notice thereof to Executive. View More

Termination For Cause. Termination of the employment of the Executive because of the Executive's personal dishonesty, incompetence, willful misconduct, breach of a fiduciary duty involving personal profit, intentional failure to perform stated duties, insubordination, 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 or any other agreement between Executive and the Bank or the... Holding Company. The Executive shall not be entitled to any payment or benefit hereunder in the event a termination occurs by reason of a voluntary retirement, voluntary termination other than for reasons specified in Section 1(c) hereof, disability, or Termination for Cause. View More

Termination For Cause. The term "termination of employment or service for cause" shall mean termination of employment or service for (a) the commission of an act of dishonesty, including but not limited to misappropriation of funds or property of the Company; (b) the engagement in activities or conduct injurious to the reputation of the Company; (c) the conviction or entry of a guilty or no contest plea to a misdemeanor (involving an act of moral turpitude) or a felony; (d) the violation of any of the terms and... conditions of any written agreement the person may have from time to time with the Company or any of its subsidiaries (following 30 days, written notice from the Company specifying the violation and the employee's failure to cure such violation within such 30-day period) or (e) any refusal to comply with the written directives, policies or regulations established from time to time by the Board. View More

Termination For Cause. Means termination as a result of Participant's gross negligence or willful misconduct in the performance of his employment or Participant's final conviction of a misdemeanor involving moral turpitude or any felony.