Termination for Cause Clause Example with 6 Variations from Business Contracts

Termination for Cause. a. The Bank may terminate the Executive's employment for Cause, Cause upon written notice to the Executive Executive, which notice shall specify the reason for termination. In the event of termination for Cause, the Executive shall not be entitled to any further payment of benefits under the Agreement other than salary accruing up to the date of termination. b. For purposes of the Agreement, "Cause" shall mean: (i) the willful or repeated continued failure by the Executive to perform his her dut...ies hereunder or failure to abide by any policies of the policies set forth in the Employee Handbook, Bank for a period of at least fifteen (15) calendar days after at least one written warning in writing from the Bank identifying any such failure occurring not less than forty-five (45) days prior to the date notice of termination is given by the Bank pursuant to this section; failure; (ii) the willful misconduct of the Executive in the performance of his her duties hereunder; (iii) conviction of a crime (other than a minor traffic violation); violation) or a plea of nolo contendere; (iv) use of alcohol or other drugs which interferes with the performance by the Executive of Executive's duties; (v) excessive absenteeism, other than for illness, due to Disability after at least one warning in writing written notice from the Bank; (vi) the unauthorized disclosure or use Executive's breach of any confidential information or proprietary data Section 11 of the Bank, its parent, its subsidiaries or its affiliates; this Agreement; (vii) the happening of any event or existence of any circumstances which would prevent the Executive from serving as an officer of the Bank under the Tennessee any state or applicable Federal federal banking laws or regulations; (viii) Executive's conduct that brings brings, or is likely to bring, public discredit on, or injures injures, or is likely to injure the reputation of, of the Bank, in the Bank's commercially reasonable opinion. opinion; (ix) the commission of an act of dishonesty in the performance of her duties 2 7. Termination Without Cause. The hereunder; or (x) failure to follow lawful, written directives of the Board of Directors; provided that, in each case other than with respect to the event described in clause (iii) above, the Board shall have provided at least one written warning to the Executive identifying the conduct or event that would constitute "Cause" and such conduct or event shall not have been remedied or cured within fifteen (15) calendar days after written notice is delivered by the Board to the Executive. In addition, in order for the Board of Directors may, at its discretion, terminate Executive's duties and responsibilities as President. Such action to make a determination that termination shall require a majority vote be for Cause, the Board must provide the Executive with notice of the entire Board of Directors grounds providing the purported basis for termination and shall be effective immediately upon delivery provide the Executive an opportunity to Executive of written notice of this action by meet with the Board of Directors, or at such other time as may be agreed upon by both parties in person to this Agreement. Except as provided in Section 10 and Section 11 of this Agreement, following such termination of this contract, all rights, obligations and duties of both parties relative to this Agreement shall cease and no benefits shall be payable under this Agreement. address the proposed grounds. View More

Termination for Cause. The Bank may terminate the Executive's employment for Cause, upon written notice to the Executive which notice shall specify the reason for termination. In the event of termination for Cause, the Executive shall not be entitled to any further payment of benefits under the Agreement other than salary accruing up to the date of termination. For purposes of the Agreement, "Cause" shall mean: (i) the willful or repeated failure by the Executive to perform his duties hereunder or failure to abide by ...the policies set forth in the Employee Handbook, after at least one warning in writing from the Bank identifying any such failure occurring not less than forty-five (45) days prior to the date notice of termination is given by the Bank pursuant to this section; (ii) the willful misconduct of the Executive in the performance of his duties hereunder; (iii) conviction of a crime (other than a minor traffic violation); (iv) use of alcohol or other drugs which interferes with the performance by the Executive of Executive's duties; (v) excessive absenteeism, other than for illness, after at least one warning in writing from the Bank; (vi) the unauthorized disclosure or use of any confidential information or proprietary data of the Bank, its parent, its subsidiaries or its affiliates; (vii) 2 America. The Executive and the happening Bank agree that the exclusive venue for resolution of any event disputes regarding or existence arising out of this Agreement or the Executive's employment with the Bank shall be the state and federal courts located in Williamson County, Tennessee. The Executive and the Bank further agree to waive any circumstances which would prevent right to a jury trial with respect to any disputes regarding or arising out of this Agreement or the Executive's employment with the Bank. The Executive from serving as an officer and the Bank each acknowledge and agree that this selection of venue and waiver of the Bank under the Tennessee or applicable Federal banking regulations; (viii) Executive's conduct that brings public discredit on, or injures the reputation of, Bank, in Bank's reasonable opinion. 2 7. Termination Without Cause. The Board right to a jury trial is knowingly, freely, and voluntarily given, is made after opportunity to consult with counsel of Directors may, at its discretion, terminate Executive's duties and responsibilities as President. Such action shall require a majority vote of the entire Board of Directors and shall be effective immediately upon delivery to Executive of written notice of this action by the Board of Directors, or at such other time as may be agreed upon by both parties to this Agreement. Except as provided in Section 10 and Section 11 of this Agreement, following such termination of this contract, all rights, obligations and duties of both parties relative to their choosing about this Agreement shall cease and no benefits shall be payable under this Agreement. its provisions, and is in the best interests of each party hereto. View More

Termination for Cause. The Bank Company may terminate the Executive's employment for Cause, upon written notice to the Executive which notice shall specify the reason for termination. In the event of termination for Cause, the Executive shall not be entitled to any further payment of benefits under the Agreement other than salary accruing up to the date of termination. For purposes of the Agreement, "Cause" shall mean: (i) the willful or repeated failure by the Executive to perform his her duties hereunder or failure ...to abide by the policies set forth in the Employee Handbook, after at least one warning in writing from the Bank Company identifying any such failure occurring not less than forty-five (45) days prior to the date notice of termination is given by the Bank Company pursuant to this the section; (ii) the willful misconduct of the Executive in the performance of his her duties hereunder; (iii) conviction of a crime (other than a minor traffic violation); (iv) use of alcohol or other drugs which interferes with the performance by the Executive of Executive's duties; (v) excessive absenteeism, other than for illness, after at least one warning in writing from the Bank; Company; (vi) the unauthorized disclosure or use of any confidential information or proprietary data of the Bank, Company, its parent, its subsidiaries or its affiliates; (vii) the happening of any event or existence of any 2 circumstances which would prevent the Executive from serving as an officer of the Bank Company under the Tennessee or applicable Federal banking Companying regulations; (viii) Executive's conduct that brings public discredit on, or injures the reputation of, Bank, Company, in Bank's Company's reasonable opinion. 2 7. Termination Without Cause. The Board of Directors may, at its discretion, terminate Executive's duties and responsibilities as President. Such action shall require a majority vote of the entire Board of Directors and shall be effective immediately upon delivery to Executive of written notice of this action by the Board of Directors, or at such other time as may be agreed upon by both parties to this Agreement. Except as provided in Section 10 and Section 11 of this Agreement, following such termination of this contract, all rights, obligations and duties of both parties relative to this Agreement shall cease and no benefits shall be payable under this Agreement. View More

Termination for Cause. (a) The Bank may terminate the Executive's employment for Cause, cause upon written notice to the Executive Executive, which notice shall specify the reason for termination. In the event of termination Termination for Cause, the Executive shall not be entitled to any further payment of benefits under the Agreement other than salary accruing up to the date of termination. (b) For purposes of the Agreement, "Cause" shall mean: mean; (i) the willful or repeated failure by the Executive to perform h...is duties hereunder or failure to abide by the policies set forth in the Employee Handbook, after at least one warning three (3) warnings in writing from the Bank identifying any such failure occurring not less than forty-five (45) days prior to the date notice of termination is given by the Bank pursuant to this section; (ii) the willful misconduct of the Executive in the performance of his duties hereunder; (iii) conviction of a crime (other than a minor traffic violation); (iv) use of alcohol or other drugs which 2 interferes with the performance by the Executive of Executive's duties; (v) excessive absenteeism, other than for illness, after at least one warning three (3) warnings in writing from the Bank; (vi) the unauthorized disclosure or use of any confidential information or proprietary data of the Bank, its parent, its subsidiaries or its affiliates; subsidiaries; (vii) the happening of any event or existence of any circumstances which would prevent the Executive from serving as an officer of the Bank under the Tennessee or applicable Federal state and federal banking regulations; (viii) Executive's conduct that brings public discredit on, or injures the reputation of, of the Bank, in Bank's commercially reasonable opinion. 2 7. Termination Without Cause. The Board of Directors may, at its discretion, terminate Executive's duties and responsibilities as President. Such action shall require a majority vote of the entire Board of Directors and shall be effective immediately upon delivery to Executive of written notice of this action by the Board of Directors, or at such other time as may be agreed upon by both parties to this Agreement. Except as provided in Section 10 and Section 11 of this Agreement, following such termination of this contract, all rights, obligations and duties of both parties relative to this Agreement shall cease and no benefits shall be payable under this Agreement. View More

Termination for Cause. The Bank may terminate the Executive's employment for Cause, upon written notice to the Executive which notice shall specify the reason for termination. In the event of termination for Cause, the Executive shall not be entitled to any further payment of benefits under the Agreement other than salary accruing up to the date of termination. For purposes of the Agreement, "Cause" shall mean: (i) the willful or repeated failure by the Executive to perform his duties hereunder or failure to abide by ...the policies set forth in the Employee Handbook, after at least one warning in writing from the Bank identifying any such failure occurring not less than forty-five (45) days prior to the date notice of termination is given by the Bank pursuant to this section; (ii) the willful misconduct of the Executive in the performance of his duties hereunder; (iii) conviction of a crime (other than a minor traffic violation); (iv) use of alcohol or other drugs which interferes with the performance by the Executive of Executive's duties; (v) excessive absenteeism, other than for illness, after at least one warning in writing from the Bank; (vi) the unauthorized disclosure or use of any confidential information or proprietary data of the Bank, its parent, its subsidiaries or its 2 affiliates; (vii) the happening of any event or existence of any circumstances which would prevent the Executive from serving as an officer of the Bank under the Tennessee or applicable Federal banking regulations; (viii) Executive's conduct that brings public discredit on, or injures the reputation of, Bank, in Bank's reasonable opinion. 2 7. Termination Without Cause. The Board of Directors may, at its discretion, terminate Executive's duties and responsibilities as President. Such action shall require a majority vote of the entire Board of Directors and shall be effective immediately upon delivery to Executive of written notice of this action by the Board of Directors, or at such other time as may be agreed upon by both parties to this Agreement. Except as provided in Section 10 and Section 11 of this Agreement, following such termination of this contract, all rights, obligations and duties of both parties relative to this Agreement shall cease and no benefits shall be payable under this Agreement. View More

Termination for Cause. The Bank Company may terminate the Executive's employment for Cause, upon written notice to the Executive which notice shall specify the reason for termination. In the event of termination for Cause, the Executive shall not be entitled to any further payment of benefits under the Agreement other than salary accruing up to the date of termination. For purposes of the Agreement, "Cause" shall mean: (i) the willful or repeated failure by the Executive to perform his her duties hereunder or failure ...to abide by the policies set forth in the Employee Handbook, after at least one warning in writing from the Bank Company identifying any such failure occurring not less than forty-five (45) days prior to the date notice of termination is given by the Bank Company pursuant to this the section; (ii) the willful misconduct of the Executive in the performance of his her duties hereunder; (iii) conviction of a crime (other than a minor traffic violation); (iv) use of alcohol or other drugs which interferes with the performance by the Executive of Executive's duties; (v) excessive absenteeism, other than for illness, after at least one warning in writing from the Bank; Company; (vi) the unauthorized disclosure or use of any confidential information or proprietary data of the Bank, Company, its parent, its subsidiaries or its affiliates; (vii) the happening of any event or existence of any circumstances which would prevent the Executive from serving as an officer of the Bank Company under the Tennessee or applicable Federal banking Companying regulations; (viii) Executive's conduct that brings public discredit on, or injures the reputation of, Bank, Company, in Bank's Company's reasonable opinion. 2 7. Termination Without Cause. The Board of Directors may, at its discretion, terminate Executive's duties and responsibilities as President. Executive Vice President/Chief Financial Officer. Such action shall require a majority vote of the entire Board of Directors and shall be effective immediately upon delivery to Executive of written notice of this action by the Board of Directors, or at such other time as may be agreed upon by both parties to this Agreement. Except as provided in Section 10 and Section 11 of this Agreement, following such termination of this contract, all rights, obligations and duties of both parties relative to this Agreement shall cease and no benefits shall be payable under this Agreement. View More