Breach by FNB Clause Samples
Breach by FNB. If FNB breaches any provision of this Agreement (specifically including, but not limited to, substantial diminution in the position and authority of F▇▇▇▇▇▇▇▇▇ as set forth in Section 4 hereof), F▇▇▇▇▇▇▇▇▇ shall have the right to leave the employment of FNB. Thereafter, he shall be under no obligation to perform his duties hereunder and shall have no further liability or obligations under any provision of this Agreement. In such event, however, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to F▇▇▇▇▇▇▇▇▇ for twenty-four months, at the rates, times and intervals at which such Compensation and Benefits are being paid and provided on the date on which FNB commits a breach of this Agreement.
Breach by FNB. If FNB breaches any provision of this Agreement (specifically including, but not limited to, substantial diminution in the position and authority of ▇▇▇▇▇▇ which has not been cured by FNB as set forth in the preceding paragraphs as well as any failure by FNB to appoint or nominate for re-election ▇▇▇▇▇▇ to the Board of the Corporation and any failure to appoint or nominate for re-election ▇▇▇▇▇▇ to the Board of the Bank), ▇▇▇▇▇▇ may leave the employment of FNB; however, ▇▇▇▇▇▇ must provide written notice to FNB of any alleged breach and FNB must have thirty (30) days to cure or correct such breach or otherwise inform ▇▇▇▇▇▇ that it declines to do so. If FNB fails to cure or correct such breach, or otherwise informs ▇▇▇▇▇▇ that it declines to do so, ▇▇▇▇▇▇ will be under no obligation to perform his duties hereunder and shall have no further liability or obligations under any provisions of this Agreement. In such event, however, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to ▇▇▇▇▇▇ for twenty-four (24) months, at the rate, times and intervals at which such Compensation is being paid on the date on which FNB commits a breach of this Agreement.
Breach by FNB. If FNB breaches any provision of this Agreement (specifically including, but not limited to, substantial diminution in the position and authority of ▇▇▇▇▇ which has not been cured by FNB as set forth in the preceding paragraphs), ▇▇▇▇▇ may leave the employment of FNB; however, ▇▇▇▇▇ must provide written notice to FNB of any alleged breach and FNB must have thirty (30) days to cure or correct such breach or otherwise inform ▇▇▇▇▇ that it declines to do so. If FNB fails to cure or correct such breach, or otherwise informs ▇▇▇▇▇ that it declines to do so, ▇▇▇▇▇ will be under no obligation to perform her duties hereunder and shall have no further liability or obligations under any provisions of this Agreement. In such event, however, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to ▇▇▇▇▇ for twelve (12) months, at the rate, times and intervals at which such Compensation is being paid on the date on which FNB commits a breach of this Agreement.
Breach by FNB. If FNB breaches any pro▇▇▇▇▇▇ ▇▇ this Agreement (specifically including, but not limited to, substantial diminution in the position and authority of Featherman as set forth in Section 4 hereof), Featherman shal▇ ▇▇▇▇ ▇▇▇ right to leave the employment of FNB. T▇▇▇▇▇▇▇▇▇, he shall be under no obligation to perform his duties hereunder and shall have no further liability or obligations under any provision of this Agreement. In such event, however, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Featherman for the remainder of the Term or for one year, whic▇▇▇▇▇ ▇▇ longer, at the rates, times and intervals at which such Compensation and Benefits are being paid and provided on the date on which FNB commits a breach of this Agreement.