Common use of Termination for Cause Defined Clause in Contracts

Termination for Cause Defined. For purposes of this Agreement, termination for Cause shall include termination by reason of any of the following: (a) Continuing any arrangement, holding any position or engaging in any activities that conflict with the interest of, or that interfere with Executive’s duties owed to, the Company or the Bank, after ten (10) days prior written notice by the Company or the Bank, as applicable, to him of the same; (b) Conviction of embezzlement or other crimes against the Company or the Bank, deliberate misappropriation of the Company’s or the Bank’s funds or dishonesty; (c) Material violation of written policies of the Company or the Bank, irresponsible acts in the performance of Executive’s duties or material breach of any of his obligations under the terms of this Agreement; (d) Material non-performance of Executive’s duties or material acts (or omissions) of mismanagement; and (e) Refusal to perform assigned duties when such refusal is not justified or excused either by the terms of this Agreement or by actions taken by the Company or the Bank in violation of this Agreement.

Termination for Cause Defined. For purposes of this Agreement, termination for Cause shall include termination by reason of any of the following: (a) Continuing any arrangement, holding any position or engaging in any activities that conflict with the interest of, or that interfere with Executive’s duties owed to, the Company or the Bank, after ten (10) days prior written notice by the Company or the Bank, as applicable, to him of the same; (b) Conviction of embezzlement or other crimes against the Company or the Bank, deliberate misappropriation of the Company’s or the Bank’s funds or dishonesty; (c) Material violation of written policies of the Company or the Bank, irresponsible acts in the performance of Executive’s duties or material breach of any of his obligations under the terms of this Agreement; (d) Material non-performance of Executive’s duties or material acts (or omissions) of mismanagement; and (e) Refusal to perform assigned duties when such refusal is not justified or excused either by the terms of this Agreement or by actions taken by the Company or the Bank in violation of this Agreement.

Termination for Cause Defined. For purposes of this Agreement, termination for Cause shall include termination by reason of any of the following: (a) Continuing any arrangement, holding any position or engaging in any activities that conflict with the interest of, or that interfere with Executive’s 's duties owed to, the Company or the Bank, after ten (10) days prior written notice by the Company or the Bank, as applicable, to him of the same; (b) Conviction of embezzlement or other crimes against the Company or the Bank, deliberate misappropriation of the Company’s 's or the Bank’s 's funds or dishonesty;; <PAGE 6> (c) Material violation of written policies of the Company or the Bank, irresponsible acts in the performance of Executive’s 's duties or material breach of any of his obligations under the terms of this Agreement; (d) Material non-performance of Executive’s 's duties or material acts (or omissions) of mismanagement; and (e) Refusal to perform assigned duties when such refusal is not justified or excused either by the terms of this Agreement or by actions taken by the Company or the Bank in violation of this Agreement.

Termination for Cause Defined. For purposes of this Agreement, termination for Cause shall include termination by reason of any of the following: (a) Continuing any arrangement, holding any position or engaging in any activities that conflict with the interest of, or that interfere with Executive’s duties owed to, to the Company or the Bank, after ten (10) days prior written notice by the Company or the Bank, as applicable, to him her of the same; (b) Conviction of embezzlement or other crimes against the Company or the Bank, deliberate misappropriation of the Company’s or the Bank’s funds or dishonesty; (c) Material violation of written policies of the Company or the Bank, irresponsible acts in the performance of Executive’s duties or material breach of any of his her obligations under the terms of this Agreement; (d) Material non-performance of Executive’s duties or material acts (or omissions) of mismanagement; and (e) Refusal to perform assigned duties when such refusal is not justified or excused either by the terms of this Agreement or by actions taken by the Company or the Bank in violation of this Agreement.