Common use of Terminated for Cause Clause in Contracts

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.