Document ID: 1005953

Text:
(ii) Cause. For purposes of this Agreement, termination for Cause shall include termination because Executive: (A) continually fails to substantially perform his duties with the Employer; (B) is adjudged guilty of a felony, any crime involving dishonesty or breach of trust or any crime involving a breach of his fiduciary duties to the Employer; (C) is willfully and continually failing to comply with any law, rule, or regulation (other than traffic violations or similar offenses) or final cease and desist order of a regulatory agency having jurisdiction over Employer; (D) commits a material act of dishonesty or disloyalty related to the business of the Employer; or (E) is unable to substantially perform his duties with the Employer due to drug addiction or chronic alcoholism. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a copy of a resolution duly adopted by the affirmative vote of not less than threequarters ( 3/4) of the entire membership of the Employers Board of Directors at a meeting of the Board called for such purpose (after reasonable notice to Executive and an opportunity for him, together with his counsel, to be heard before the Board), finding that in the good faith opinion of the Board, he was guilty of conduct that constitutes Cause (as defined above) and specifying the conduct in detail.

Named Entities:
191
193
Ratio

Tokenized Text:
(
ii
)
Cause
.
For
purposes
of
this
Agreement
,
termination
for
Cause
shall
include
termination
because
Executive
:
(
A
)
continually
fails
to
substantially
perform
his
duties
with
the
Employer
;
(
B
)
is
adjudged
guilty
of
a
felony
,
any
crime
involving
dishonesty
or
breach
of
trust
or
any
crime
involving
a
breach
of
his
fiduciary
duties
to
the
Employer
;
(
C
)
is
willfully
and
continually
failing
to
comply
with
any
law
,
rule
,
or
regulation
(
other
than
traffic
violations
or
similar
offenses
)
or
final
cease
and
desist
order
of
a
regulatory
agency
having
jurisdiction
over
Employer
;
(
D
)
commits
a
material
act
of
dishonesty
or
disloyalty
related
to
the
business
of
the
Employer
;
or
(
E
)
is
unable
to
substantially
perform
his
duties
with
the
Employer
due
to
drug
addiction
or
chronic
alcoholism
.
Notwithstanding
the
foregoing
,
Executive
shall
not
be
deemed
to
have
been
terminated
for
Cause
unless
and
until
there
shall
have
been
delivered
to
him
a
copy
of
a
resolution
duly
adopted
by
the
affirmative
vote
of
not
less
than
threequarters
(
3
/
4
)
of
the
entire
membership
of
the
Employers
Board
of
Directors
at
a
meeting
of
the
Board
called
for
such
purpose
(
after
reasonable
notice
to
Executive
and
an
opportunity
for
him
,
together
with
his
counsel
,
to
be
heard
before
the
Board
)
,
finding
that
in
the
good
faith
opinion
of
the
Board
,
he
was
guilty
of
conduct
that
constitutes
Cause
(
as
defined
above
)
and
specifying
the
conduct
in
detail
.