At the Employee's Option. The Employee may terminate his employment, without cause, at any time upon at least sixty (60) days' advance written notice to the Company.
At the Employee's Option. The Employee may terminate his employment, with or without cause, at any time upon at least thirty (30) days' advance written notice to the Company. In the event of termination at the Employee's option, the Employee shall not be entitled to any severance or other termination benefits after the expiration of the said thirty (30) day period.
At the Employee's Option. The Employee may terminate his ------------------------ employment hereunder at any time during the Initial Term of this Agreement by giving at least thirty (30) calendar days' advance written notice to the Company. In the event of such a termination at the Employee's option, the Company may accelerate Employee's departure date and shall have no obligation to pay Employee after his actual departure date. In the event of such a termination at the Employee's option, the Employee shall be entitled to no further payments, severance or other benefits after the effective date of his termination, except as otherwise required by law.
At the Employee's Option. The Employee may terminate his employment under this Agreement, with or without cause, at any time by giving at least sixty (60) days’ advance written notice to the Company. In the event of a termination at the Employee’s option, the Company may accelerate Employee’s departure date and will have no obligation to pay Employee after his actual departure date. In the event of termination at the Employee’s option, the Employee shall be entitled to no payments, salary continuation, severance or other benefits, except for: (i) Base Salary to the extent accrued but unpaid through the date of Employee’s departure; (ii) payment for accrued but unused vacation time up to the Employee’s departure date; and (iii) statutory benefit continuation rights in accordance with COBRA (or a state law equivalent), provided Employee makes the appropriate voluntary contribution payments and subject to applicable law and the requirements of the Company’s health insurance plans then in effect.
At the Employee's Option. Subject to the Company's right to terminate the Employee's employment pursuant to Sections 4.B and 4.C below and the Employee's right to terminate his employment pursuant to Section 4.D, the Employee may terminate his employment for any reason, or for no reason, at any time upon at least sixty (60) days' prior notice. In the event the Employee terminates his employment pursuant to this Section, the Employee shall be entitled to no severance or other termination benefits, except as required by law.
At the Employee's Option. The Employee may terminate his employment at any time upon at least 60 days advance written notice to the Bank; provided, however, that the Bank, in its discretion, may cause such termination to be effective at any time during such notice period. In the event of such a voluntary termination of employment, the Employee will be entitled to receive only any earned but unpaid Base Salary and the other benefits of this Agreement through the date on which the Employee’s termination becomes effective. Notwithstanding the foregoing, any rights and benefits the Employee may have under employee benefit plans and programs of the Bank or FNB following a voluntary termination of the Employee’s employment shall be determined in accordance with the terms of such plans, agreements and programs.
At the Employee's Option. The Employee may terminate his employment at any time upon at least 60 days advance written notice to the Bank; provided, however, that the Bank, in its discretion, may cause such termination to be effective at any time during such notice period. In the event of such a voluntary termination of employment, the Employee will be entitled to receive only any earned but unpaid Base Salary and the other benefits of this Agreement through the date on which the Employee's termination becomes effective.
At the Employee's Option. Subject to the Company's right to terminate the Employee pursuant to paragraphs 3.B and 3.C below, the Employee may terminate his employment hereunder for any reason at any time upon at least sixty (60) days' prior written notice. In the event the Employee terminates his employment pursuant to this paragraph 3.A, the Employee shall not be entitled to any severance payments pursuant to paragraph 3.D hereof. If the Employee becomes disabled for such period of time and under circumstances which entitle him to receive disability benefits under the terms of any disability policy now maintained or to be purchased for the Employee by the Company, then the Board of Directors of the Company, in its discretion, may elect to terminate the Employee's employment by reason of such disability. In the event of such termination the Employee shall be entitled to severance payments pursuant to Paragraph 3D hereof, less the "before income tax" value of disability benefits received under said disability policy.
At the Employee's Option. (a) In the event that the Optionee’s employment with the Company terminates for any reason other than for Cause, upon the Optionee’s request, the Company will repurchase the Option Shares issued upon exercise of the Option at their then applicable fair market value as determined by the Board of Directors in its sole discretion. The Optionee’s written irrevocable request to the Company to repurchase such Option Shares must be received by the Company within 90 days after the Optionee’s last date of employment. The Company will repurchase the Option Shares within 60 days after receipt of the Optionee’s request by delivering a check to the Optionee in the full amount of the purchase price.
At the Employee's Option. The Employee may terminate his employment at any time upon at least 60 days advance written notice to the Bank; provided, however, that the Bank, in its discretion, may cause such termination to be effective at any time during such notice period. Except as provided pursuant to Section 5(f) below, in the event of such a voluntary termination of employment, the Employee will be entitled to receive only any earned but unpaid Base Salary and the other benefits of this Agreement through the date on which the Employee's termination becomes effective. Notwithstanding the foregoing, any rights and benefits the Employee may have under employee benefit plans and programs of the Bank, or any benefit plans or agreements of Richmond Savings or Carolina that were assumed by the Bank or FNB in connection with FNB’s acquisition of Carolina, following a voluntary termination of the Employee’s employment pursuant to this Section 5(e), including rights and benefits under retirement plans and programs, shall be determined in accordance with the terms of such plans, agreements and programs.
