Terminated for Cause Clause Samples

The 'Terminated for Cause' clause defines the right of one party to end a contract if the other party commits a significant breach or fails to fulfill essential obligations. Typically, this clause outlines specific events or behaviors—such as non-payment, violation of key terms, or illegal activity—that justify immediate termination, sometimes after a notice and cure period. Its core function is to protect parties from ongoing harm or risk by allowing them to exit the agreement when the other side fails to perform as required.
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Terminated for Cause. Notwithstanding anything in this Agreement to the contrary, no Benefit under Article 3 shall be due or payable in the event the Executive is Terminated for Cause prior to the date on which the Executive is entitled to start receiving payments hereunder. EagleBank Supplemental Retirement Plan Agreement
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Terminated for Cause. The Participant shall be Terminated for Cause for purposes of this Agreement if the Participant is terminated on account of (a) gross negligence, (b) the conviction of a felony or gross misdemeanor involving moral turpitude, fraud, dishonesty, (c) violation of any law that results in any adverse effect on the Company or (d) breach of fiduciary duty as an employee of the Company. If a dispute arises as to whether the Participant has been Terminated for Cause, the dispute shall be resolved through binding arbitration.
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Terminated for Cause. Notwithstanding anything in this Agreement to the contrary, no Benefit under Article 3 shall be due or payable in the event the Executive is Terminated for Cause prior to the date on which the Executive is entitled to start receiving payments hereunder.
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Terminated for Cause. The parties agree that Employees who are terminated for cause (misconduct), and whose termination is sustained following exhaustion of all appeal rights, shall not be eligible for reemployment with the County. In the unlikely event such a terminated Employee becomes reemployed with the County, said Employee may again be terminated; however, the County will evaluate such instances on a case-by-case basis, considering such factors as length of current employment and job performance. In all circumstances, the County shall retain the sole authority in determining said Employee’s employment status. The County’s decision is final and binding on all parties and shall not be appealed to the Civil Service Commission. Any Employee terminated based on this provision shall be paid for any services rendered to the County. The parties further agree that when administering this article, Local Agency Personnel Standards (LAPS) shall apply and where applicable, in limited circumstances (e.g., Employee’s right to reapply to a LAPS agency), shall supersede the aforementioned “no reemployment” provision.
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Terminated for Cause. If your Service is Terminated for Cause, then this Option will immediately expire and you will immediately forfeit all rights to this Option.
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Terminated for Cause. If your Service is Terminated for Cause, then this Option will immediately expire and you will immediately forfeit all rights to this Option. Death If your Service Terminates because of your death, this Option will expire at the close of business at the Company’s headquarters on the date twelve (12) months after the date of death (or, if earlier, the expiration date specified in the cover sheet). Your estate or heirs may exercise this Option at any time during this period. Disability If your Service Terminates because of your Disability, this Option will expire at the close of business at Company headquarters on the date twelve (12) months after your Termination date (or, if earlier, the expiration date specified in the cover sheet).
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Terminated for Cause. The Executive shall be Terminated for Cause for purposes of this Agreement if the Executive is terminated on account of (i) gross negligence, (ii) gross neglect, or the conviction of a felony or gross misdemeanor involving moral turpitude, fraud, dishonesty or willful violation of any law that results in any adverse effect on the Bank. If a dispute arises as to whether the Executive has been Terminated for Cause the dispute shall be resolved through binding arbitration.
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Terminated for Cause. Contract labor personnel terminated for cause cannot reapply for contract labor or direct hire for a period of 18 months.
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Related to Terminated for Cause

  • For Cause For a material breach that remains uncured for more than thirty calendar days or other specified period after written notice to the Contractor, the Contract or Purchase Order may be terminated by the Commissioner or Authorized User respectively, at the Contractor’s expense where Contractor becomes unable or incapable of performing, or meeting any requirements or qualifications set forth in the Contract, or for non-performance, or upon a determination that Contractor is non-responsible. Such termination shall be upon written notice to the Contractor. In such event, the Commissioner or Authorized User may complete the contractual requirements in any manner it may deem advisable and pursue available legal or equitable remedies for breach.

  • Termination Without Cause or for Good Reason If the Executive’s employment with the Company is terminated by the Company (other than for Cause, Disability or Death) or by the Executive for Good Reason within 24 months following the Change in Control Date, then the Executive shall be entitled to the following benefits: (i) the Company shall pay to the Executive the following amounts: (1) in a lump sum, in cash, within 30 days after the Date of Termination, the sum of (A) the Executive’s base salary through the Date of Termination, (B) a pro rata current year bonus amount (calculated by dividing the number of full and partial months of the current fiscal year in which the Executive is employed through the Date of Termination by 12, and multiplying this fraction by the highest annual bonus payment amount paid to Executive in the preceding three years), and (C) any accrued vacation pay, in each case to the extent not previously paid (the sum of the amounts described in clauses (A), (B), and (C) shall be hereinafter referred to as the “Accrued Obligations”); and (2) in a lump sum, in cash, within 30 days after the Date of Termination, the sum of (A) three times the Executive’s highest annual base salary at the Company during the three-year period prior to the Change in Control Date and (B) three times the Executive’s highest annual bonus amount at the Company during the three-year period prior to the Change in Control Date; (ii) for 36 months after the Date of Termination, or such longer period as may be provided by the terms of the appropriate plan, program, practice or policy, each month the Company shall continue to provide benefits to the Executive and the Executive’s family at least equal to those which would have been provided to them if the Executive’s employment had not been terminated, in accordance with the applicable Benefit Plans in effect on the Measurement Date or, if more favorable to the Executive and his or her family, in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies; provided, however, that if the Executive becomes reemployed with another employer and is eligible to receive a particular type of benefits (e.g., health insurance benefits) from such employer on terms at least as favorable to the Executive and his or her family as those being provided by the Company, then the Company shall no longer be required to provide those particular benefits to the Executive and his or her family; and (iii) to the extent not previously paid or provided, the Company shall timely pay or provide to the Executive any other amounts or benefits required to be paid or provided or which the Executive is eligible to receive following the Executive’s termination of employment under any plan, program, policy, practice, contract or agreement of the Company and its affiliated companies (such other amounts and benefits shall be hereinafter referred to as the “Other Benefits”).

  • Termination Without Cause or Termination for Good Reason In the event (x) the Executive's employment hereunder is terminated by the Company without Cause, other than due to Disability or death, or (y) the Executive terminates his employment for Good Reason hereunder at his initiative within 60 days following the occurrence of a Good Reason which has not been cured by the Company within 20 calendar days of receipt of notice thereof from the Executive, the Executive shall be entitled to the following benefits: (i) Base Salary through the date of termination; (ii) a Pro-Rata annual incentive award for the year of termination, based on the target bonus for such year, payable promptly following such termination; (iii) a lump sum payment in an amount equal to two times the Executive's Base Salary, determined as provided in the last sentence of this Section 14(d), payable promptly following such termination; (iv) a lump sum payment in an amount equal to two times the Executive's target annual incentive award for the year of termination, payable promptly following such termination; (v) all outstanding stock options shall become fully vested and exercisable and shall remain exercisable for a period equal to the lesser of five years and the remainder of their originally scheduled terms; (vi) two additional years of service for the purpose of determining the supplemental pension benefit pursuant to Section 10; provided, however, that the total number of years of service taken into account in determining such benefit shall in no event exceed ten (10); and (vii) continued participation in all medical, dental, vision and hospitalization insurance coverage and benefits and in all other employee and senior-level executive welfare benefit plans, programs and arrangements in which he was participating on the date of the termination of his employment, on the same terms and conditions as if he had remained employed by the Company, for a period equal to 24 months following the termination of his employment; provided, however, that if the Executive becomes re-employed with another employer and is eligible to receive medical or other welfare benefits under another employer-provided plan, the medical and other welfare benefits described above shall be secondary to those provided under such other plan during such applicable period of eligibility, provided that, to the extent that the Company's plans, programs and arrangements do not permit such continuation of the Executive's participation following his termination, the Company shall provide the Executive, no less frequently than quarterly in advance with an amount which, after taxes, is sufficient for him to purchase equivalent benefits. For purposes of Section 14(d)(iv) above, Base Salary shall be determined by the Base Salary at the annualized rate in effect on the date of termination of the Executive's employment, provided however, if, prior to the termination of the Executive's employment pursuant to this Section 14(d), the Base Salary has been reduced without the Executive's consent, the Base Salary in effect on the date of termination of the Executive's employment shall be deemed to be the Base Salary as in effect prior to such reduction.

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

  • Termination by the Company for Cause or by Executive Without Good Reason If the Company terminates the Executive’s employment for Cause or the Executive terminates his employment without Good Reason, the Executive shall have no rights or claims against the Company except to receive the payments and benefits described in Section 6(a).