Common use of By the Bank Clause in Contracts

By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two­thirds (2/3) of the directors of the Bank then in office; (c) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of (i) twelve (12) months following the termination or (ii) the remaining Term of the Agreement; or (d) Upon the Disability of Executive at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of six (6) months following the termination or until the Executive begins receiving payments under the Bank's long-term disability policy, whichever occurs first.

Appears in 2 contracts

Samples: Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc)

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By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two­thirds two-­thirds (2/3) of the directors of the Bank then in office; (c) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of (i) twelve (12) months following the termination or (ii) the remaining Term of the Agreement; or (d) Upon the Disability of Executive at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of six (6) months following the termination or until the Executive begins receiving payments under the Bank's ’s long-term disability policy, whichever occurs first.

Appears in 1 contract

Samples: Employment Agreement (Nicolet Bankshares Inc)

By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two­thirds two-thirds (2/3) of the directors of the Bank then in office; (c) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of (i) twelve (12) months following the termination or (ii) the remaining Term of the Agreement; or (d) Upon the Disability of Executive at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of six (6) months following the termination or until the Executive begins receiving payments under the Bank's ’s long-term disability policy, whichever occurs first.

Appears in 1 contract

Samples: Employment Agreement (Nicolet Bankshares Inc)

By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two­thirds two- thirds (2/3) of the directors of the Bank then in office, in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination; (cb) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of (i) twelve (12) months following the termination or (ii) the remaining Term of the Agreementmonths; or (dc) Upon the Disability of Executive at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of six (6) months following the termination or until the Executive begins receiving payments under the Bank's ’s long-term disability policy, whichever occurs first.

Appears in 1 contract

Samples: Employment Agreement (NSB Holdings, Inc.)

By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two­thirds two-thirds (2/3) of the directors of the Bank then in office; (c) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of (i) twelve (12) months following the termination or (ii) the remaining Term of the Agreement; or (d) Upon the Disability of Executive at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of six (6) months following the termination or until the Executive begins receiving payments under the Bank's long-term disability policy, whichever occurs first.

Appears in 1 contract

Samples: Employment Agreement (Nicolet Bankshares Inc)

By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, ; where the notice has been approved by a resolution passed by two­thirds two thirds (2/3) of the directors of the Bank then in office;, in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination: (cb) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of (i) twelve (12) months following the termination or (ii) the remaining Term of the Agreementmonths; or (dc) Upon the Disability of the Executive at any time, provided that the Bank shall give the Executive thirty (30) days' day’s prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of six twelve (612) months following the termination or until the Executive begins receiving payments under the Bank's ’s long-term disability policy, whichever occurs first.

Appears in 1 contract

Samples: Employment Agreement (FirstBank Financial Services, Inc.)

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By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two­thirds two-thirds (2/3) of the directors of the Bank then in office;, in which event the Bank shall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination: (cb) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of (i) twelve (12) months following the termination or (ii) the remaining Term of the Agreementmonths; or (dc) Upon the Disability of the Executive at any time, provided that the Bank shall give the Executive thirty (30) days' day’s prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of six twelve (612) months following the termination or until the Executive begins receiving payments under the Bank's ’s long-term disability policy, whichever occurs first.

Appears in 1 contract

Samples: Employment Agreement (FirstBank Financial Services, Inc.)

By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two­thirds (2/3) of the directors of in which event the Bank then in officeshall have no further obligation to the Executive except for the payment of any amounts due and owing under Section 4 on the effective date of termination; (cb) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of thirty-six (i) twelve (1236) months following the termination or (ii) the remaining Term effective date of the Agreementtermination; or (dc) Upon the Disability of the Executive at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of thirty-six (636) months following the effective date of termination or until the Executive begins receiving payments under the Bank's ’s long-term disability policy, whichever occurs first.

Appears in 1 contract

Samples: Employment Agreement (FirstBank Financial Services, Inc.)

By the Bank. (a) Reserved; (b) For Cause, upon written notice to the Executive pursuant to Section 1.5.1 hereof, where the notice has been approved by a resolution passed by two­thirds two-thirds (2/3) of the directors of the Bank then in office; (cb) Without Cause at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Bank shall be required to continue to meet its obligations to the Executive under Section 4.1 for a period equal to the lesser of (i) twelve (12) months following the termination or (ii) the remaining Term of the Agreement; or (dc) Upon the Disability of Executive at any time, provided that the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Bank shall be required to continue to meet its obligations under Section 4.1 for a period of six (6) months following the termination or until the Executive begins receiving payments under the BankCompany's long-term disability policy, whichever occurs first.

Appears in 1 contract

Samples: Employment Agreement (Nicolet Bankshares Inc)

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