Cause
34 definitions

A civil or criminal action, suit or litigation. Often used interchangeably with “case.”

FK Reading Ease
45

FK Grade Level
High School
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  • A lawsuit, litigation, or action. Any question, civil or criminal, litigated or contested before a court of law.

    FK Reading Ease
    37.9

    FK Grade Level
    High School
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  • Lawsuit, litigation or action. Any question, civil or criminal, litigated or contested before a court of justice.

    FK Reading Ease
    29

    FK Grade Level
    High School
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  • “Cause” shall mean “Cause” as such term may be defined in any employment agreement or change-in-control agreement in effect at the time of termination of employment between the Grantee and the Company or any of its Subsidiaries or Affiliates, or, if there is no such employment or change-in-control agreement, “Cause” shall mean (i) willful and continued failure by Grantee (other than by reason of a Permanent Disability) to perform his or her material duties with respect to the Company or its Subsidiaries which continues beyond ten (10) business days after a written demand for substantial performance is delivered to Grantee by the Company (the “Cure Period”); (ii) willful or intentional engaging by Grantee in material misconduct that causes material and demonstrable injury, monetarily or otherwise, to the Company, the Investors or their respective Affiliates; (iii) conviction of, or a plea of nolo contendere to, a crime constituting (x) a felony under the laws of the United States or any state thereof or (y) a misdemeanor for which a sentence of more than six months’ imprisonment is imposed; or (iv) Grantee’s engaging in any action in breach of restrictive covenants made by Grantee under any Management Stockholder’s Agreement (if applicable) or other agreement containing restrictive covenants (e.g., covenants not to disclose confidential information, to compete with the business of the Company or its Subsidiaries or to solicit the employees thereof to terminate their employment) or any employment or change-in-control agreement between the Grantee and the Company or any of its Subsidiaries, which continues beyond the Cure Period (to the extent that, in the Board’s reasonable judgment, such breach can be cured).

    FK Reading Ease
    -39

    FK Grade Level
    Graduate School
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  • “Cause” means the occurrence of either or both of the following:

    (i) The Grantee’s conviction for committing an act of fraud, embezzlement, theft, or other act constituting a felony (other than traffic related offenses, as a result of vicarious liability, or as a result of good faith actions as an officer of the Company); or

    (ii) The willful engaging by the Grantee in misconduct that is significantly injurious to the Company. However, no act, or failure to act, on the Grantee’s part shall be considered “willful” unless done, or omitted to be done, by the Grantee not in good faith and without reasonable belief that his or her action or omission was in the best interest of the Company.

     

    FK Reading Ease
    41.2

    FK Grade Level
    College
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  • “Cause,” with respect to any particular Service Provider, has the meaning set forth in any effective Award Agreement, employment agreement or other written contract of engagement entered into between the Company and such Person, or if none, then “Cause” means any of the following:

    (a)        such Person’s failure to perform substantially his duties as an employee or other associate of the Company or any of the Company Subsidiaries (other than any such failure resulting from his Disability) which failure, whether committed willfully or negligently, has continued unremedied for more than ten (10) days after the Company has provided written notice thereof; provided, that a failure to meet financial performance expectations shall not, by itself, constitute a failure by such Person to substantially perform his duties;

    (b)        such Person’s fraud or embezzlement;

    (c)        such Person’s material dishonesty or breach of fiduciary duty against the Company or any of the Company Subsidiaries;

    (d)        such Person’s willful misconduct or gross negligence which is injurious to the Company or any of the Company Subsidiaries;

     (e)       any conviction of, or the entering of a plea of guilty or nolo contendere to, a crime that constitutes a felony (or any state-law equivalent) or that involves moral turpitude, or any willful or material violation by such Person of any federal, state or foreign securities laws;

    (f)        any conviction of any other criminal act or act of material dishonesty, disloyalty or misconduct by such Person that has a material adverse effect on the property, operations, business or reputation of the Company or any of the Company Subsidiaries;

    (g)        the unlawful use (including being under the influence) or possession of illegal drugs by such Person on the premises of the Company or any of the Company Subsidiaries while performing any duties or responsibilities with the Company or any of the Company Subsidiaries;

    (h)       the material violation by such Person of any rule or policy of the Company or any of the Company Subsidiaries which has continued unremedied for more than ten (10) days after the Company has provided written notice thereof (if capable of being cured) and which has caused material harm to the Company or any of the Company Subsidiaries; or

     

    (i)        the material breach by such Person of any covenant undertaken in Article XI herein, any effective Award Agreement, employment agreement, offer letter or any written non-disclosure, non-competition, or non-solicitation covenant or agreement with the Company or any of the Company Subsidiaries.

    FK Reading Ease
    -376.2

    FK Grade Level
    Graduate School
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  • This history of section 1.83-3(c)(2), Income Tax Regs., strongly suggests that discharge "for cause," like discharge "for committing a crime," refers to a narrow and serious form of employee miscounduct that is very unlikely to occur and is thus properly regarded as too remote--as a matter of law--to create a "substantial risk of forfeiture." 

    Context

    Taxpayers claimed to have substantial risk of forfeiture based on a contractual provision dealing with termination for cause. They contended that as defined in the contract, "cause" had a different meaning than in the regulation. The Tax Court agreed, finding that under the peculiar terms of this contract, a voluntary decision by the employee to stop working for the company could be treated as a termination for cause.

    Held: The term “discharged for cause,” as used in section 1.83-3(c)(2), does not necessarily have the same meaning the parties have given that term in their private agreements but refers to termination for serious misconduct which, like criminal misconduct, is highly unlikely to occur.

    FK Reading Ease
    59.6

    FK Grade Level
    High School
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  • “Cause” shall have the meaning set forth in the Grantee’s employment or other agreement with the Company, any Subsidiary or any Affiliate, if any, provided that if the Grantee is not a party to any such employment or other agreement or such employment or other agreement does not contain a definition of Cause, then Cause shall mean (i) the willful and continued failure of the Grantee to perform substantially the Grantee’s duties with the Company or any Subsidiary or Affiliate (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to the Grantee by the employing Company, Subsidiary or Affiliate that specifically identifies the alleged manner in which the Grantee has not substantially performed the Grantee’s duties, or (ii) the willful engaging by the Grantee in illegal conduct or misconduct that is injurious to the Company or any Subsidiary or Affiliate, including without limitation any breach of the Company’s Code of Business Conduct or other applicable ethics policy.

     

    FK Reading Ease
    -38.3

    FK Grade Level
    Graduate School
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  • Sequence of events and interactions (pathways) that lead to outcomes that can be either intended, or unintended and unexpected.

    FK Reading Ease
    22.8

    FK Grade Level
    College
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  • “Cause” and “termination for Cause” during a Coverage Period. If the termination of Optionee’s employment with the Corporation occurs during a Coverage Period, then, for purposes of the Agreement, “Cause” means:

    (i) the willful and continued failure of Optionee to substantially perform Optionee’s duties with the Corporation (other than any such failure resulting from incapacity due to physical or mental illness), after a written demand for substantial performance is delivered to Optionee by the Board or the CEO that specifically identifies the manner in which the Board or the CEO believes that Optionee has not substantially performed Optionee’s duties; or

    (ii) the willful engaging by Optionee in illegal conduct or gross misconduct that is materially and demonstrably injurious to PNC or any of its subsidiaries.

    For purposes of the preceding clauses (i) and (ii), no act or failure to act, on the part of Optionee, shall be considered willful unless it is done, or omitted to be done, by Optionee in bad faith and without reasonable belief that Optionee’s action or omission was in the best interests of the Corporation. Any act, or failure to act, based upon the instructions or prior approval of the Board, the CEO or Optionee’s superior or based upon the advice of counsel for the Corporation, shall be conclusively presumed to be done, or omitted to be done, by Optionee in good faith and in the best interests of the Corporation.

    The cessation of employment of Optionee will be deemed to be a termination of Optionee’s employment with the Corporation for Cause for purposes of this Section 7.3(a) only if and when there shall have been delivered to Optionee, as part of the notice of Optionee’s termination, a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the entire membership of the Board, at a Board meeting called and held for the purpose of considering such termination, finding on the basis of clear and convincing evidence that, in the good faith opinion of the Board, Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case, specifying the particulars thereof in detail. Such resolution shall be adopted only after (1) reasonable notice of such Board meeting is provided to Optionee, together with written notice that PNC believes that Optionee is guilty of conduct described in clause (i) or (ii) above and, in either case, specifying the particulars thereof in detail, and (2) Optionee is given an opportunity, together with counsel, to be heard before the Board.

    Context

    during a Coverage Period

    FK Reading Ease
    3.2

    FK Grade Level
    Graduate School
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