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https://www.lawinsider.com/dictionary/failure-to-perform-duties
Breach of Duty means the Director or Officer breached or failed to perform his or her duties to the Corporation and his or her breach of or failure to perform those duties is determined, in accordance with Section 8.04, to constitute misconduct under Section 180.0851 (2) (a) …
https://www.lawinsider.com/dictionary/failure-to-perform
failure to perform means a circumstance wherein the owner or contributor shall fail to perform a material obligation which is required to be performed by contributor or owner pursuant to this agreement and shall include a failure to perform any obligation set forth in section 15.2 unless included as part of the obligations covered within the …
https://www.lawinsider.com/clause/failure-to-perform-duties
the employee’s material failure to perform (other than by reason of illness or disability) his duties to the company, or his material negligence in the performance of his duties and/or responsibilities to the company, provided that the employee shall have had prior written notice and a reasonable opportunity of not less than thirty (30) days to …
https://groups.google.com/g/62rcqsj/c/l-6gq5fmIEg
Legal Definition of failure 1 omission of occurrence or performance specifically a failing to perform a skillet or expected action a ceiling to …
https://www.stimmel-law.com/en/articles/corporate-officers-duties-and-fiduciary-responsibilities
Failure to perform that duty can result in personal liability of the officer to the company. The president (also called chief executive officer) reports to the board of directors and oversees day to day operations. He or she normally hires and fires employees, supervises same, and develops strategy for the company.
https://definitions.uslegal.com/f/failure-to-perform-exclusion/
Failure to perform exclusion is a provision in some commercial general liability policies, which excludes coverage for the loss of use of undamaged property caused by the insured’s delay or failure in performing an obligation, or by a design defect or failure of the performance of a product or service as warranted or represented by the insured.
https://watkinsfirm.com/failure-to-perform-on-a-contract-or-poor-workmanship/
Poor Workmanship The issue of poor workmanship is usually associated with either an expressed or implied warranty, or upon the testimony of “experts.” Business contracts, as well as contracts between contractors and consumers should be carefully prepared and executed.
https://www.lawinsider.com/dictionary/corporate-officer
in the case of the death or total and permanent disability of the chief executive officer and president (s), the chief operating officer or chief corporate officer, in order of rank or seniority, shall perform all of the duties of such officer, and when so acting shall have all the powers of and be subject to all the restrictions upon such …
https://www.lawinsider.com/clause/failure-to-perform
Failure to Perform. In the event the Contractor fails to perform Products and Services required under this Agreement or performs Products and Services in an improper manner, the Parties agree that the damage that the Authority will sustain as a result thereof will be substantial and difficult, if not impossible, to ascertain.
https://www.upcounsel.com/corporate-officer-definition
In some cases, corporations have failed to indemnify employees, arguing that their titles are merely for show and not reflective of actual duties. Reasonable Compensation For an S corporation, an officer must be paid a reasonable salary for the duties he or she performs before profits are distributed.
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