Termination due to Misconduct Clause Samples

The 'Termination due to Misconduct' clause allows one party to end an agreement if the other party engages in serious inappropriate or unethical behavior. Typically, this clause outlines what constitutes misconduct—such as fraud, theft, or violation of company policies—and specifies the process for investigating and confirming such actions before termination. Its core function is to protect parties from being bound to an agreement with someone who acts in bad faith or jeopardizes the integrity of the relationship.
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Termination due to Misconduct. If your status as an active Service Provider is terminated due to Misconduct (as defined in the Plan), the Company reserves the right to cancel all of your Options, whether vested or unvested.
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Termination due to Misconduct. If a Stock Option grantee's employment is terminated for deliberate, willful or gross misconduct, as determined by the Company, all rights under the Stock Option shall expire upon receipt of the notice of such termination.
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Termination due to Misconduct. Employment may be immediately terminated by the Company without payment made in lieu of such notice for serious misconduct by an employee. This misconduct shall include, but not be limited to, theft, dishonesty, gross negligence, fighting on the job, assault, or for any serious and wilful breach of the terms and conditions of this Agreement.
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Termination due to Misconduct. If your status as an active Service Provider terminates for Misconduct or if you engage in Misconduct while the Options are outstanding, then the Options shall terminate immediately and cease to be outstanding. If your employment or service is suspended pending an investigation of whether you will be terminated for Misconduct, all of yours rights under the Options, including any right to exercise the Options, shall be suspended during the investigation period. For purposes of the Options, your status as a Service Provider will be considered terminated (regardless of the reason for termination and whether or not the termination is in breach of Applicable Laws), effective as of the date that you are no longer actively employed or providing services and will not be extended by any notice period mandated under Applicable Laws (e.g., active employment or service would not include a period of “garden leave” or similar period pursuant to Applicable Laws). The Administrator will have the exclusive discretion to determine when you are no longer actively employed or providing services for purposes of your Options (including whether you may still be considered to be providing services while on a leave of absence).
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Termination due to Misconduct. Exa Mobility, shall have the right to terminate the Agreement by giving a written notice to the Partner, upon the occurrence of any of the following events: 11.1. If any statements/ representations/ particulars made in Partner’s application / proposal are found to be incorrect; 11.2. The Partner breaches any obligation which is set out in the Agreement; 11.3. If in the course of this Agreement it is found that, Partner is involved or is a sole party of any court proceedings where allegations are against the Partner; 11.4. In this particular case, the payable termination amount will be calculated as if the Contract is terminated by the Partner. The termination amount will be equal to the amount as mentioned in the attached annexure named “Annexure A : Financials''.
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Termination due to Misconduct. As used herein, “Misconduct” means: (A) Any willful breach or habitual neglect of duty by Employee; or Employee’s material and continued failure to substantially perform Employee’s duties with the Company in a professional manner and in a manner that is reasonably expected as appropriate for the position (other than any such failure resulting from Employee’s incapacity due to a Disability or any such actual or anticipated failure after the issuance of a Notice of Termination by Employee for Good Reason), which breach, neglect or failure is not cured by Employee within 30 days from receipt by Employee of written notice from the Company that specifies the alleged breach, neglect or failure; (B) the misappropriation or attempted misappropriation by Employee of a material business opportunity of the Company, including attempting to secure any personal profit in connection with entering into any transaction on behalf of the Company; (C) the misappropriation or attempted misappropriation by Employee of any of the Company’s funds or property; (D) an intentional violation by Employee of the Company’s Code of Corporate Conduct or Fraud Policy; or (E) the commission by Employee of a felony offense or a misdemeanor offense involving violent or dishonest behavior; or Employee engaging in conduct involving fraud or dishonesty in connection with his duties with the Company.
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Termination due to Misconduct. As used herein, “Misconduct” means:
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Related to Termination due to Misconduct

  • Termination due to Force Majeure 13.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, either Party shall have the right to cause termination of the Agreement. In such an event, this Agreement shall terminate on the date of such Termination Notice.

  • Termination Due to Force Majeure Event If the period of Force Majeure continues or is in the reasonable judgment of the Parties likely to continue beyond a period of 120 (one hundred and twenty) Days, the Parties may mutually decide to terminate this Agreement or continue this Agreement on mutually agreed revised terms. If the Parties are unable to reach an agreement in this regard, the Affected Party shall after the expiry of the said period of 120 (one hundred and twenty ) Days be entitled to terminate the Agreement in which event, the provisions of Articles 16 and 17 shall, to the extent expressly made applicable, apply.

  • Termination Due to Death If the Optionee’s employment terminates by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.

  • Termination Due to Death or Disability The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

  • Termination With Cause The Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage Loans, as provided in Section 4.01 of this Agreement upon the occurrence of a Primary Servicer Termination Event. Any notice of termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.