By the Bank. (a) For Cause, following approval of such action by the Board of Directors and upon written notice to the Executive subject to compliance with Section 1.8 hereof, if applicable, in which event neither the Bank nor the Company shall have any further obligation to the Executive except for the payment of any amounts earned and unpaid and any vested benefits as of the effective date of termination; or (b) Without Cause at any time, following approval of such action by the Board of Directors, in which event the Bank shall be required to meet its obligations to the Executive under Section 3.3.1 below.
Appears in 3 contracts
Samples: Employment Agreement (Affinity Bancshares, Inc.), Employment Agreement (Affinity Bancshares, Inc.), Employment Agreement (Community First Bancshares, Inc.)
