Common use of By the Employer Clause in Contracts

By the Employer. (a) For Cause, upon written notice to the Executive pursuant to Section 1.4.1 hereof, in which event the Employer 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; (b) Without Cause at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Employer shall be required to continue to meet its obligations to the Executive under Section 4.1 for six (6) months following the termination; or (c) Upon the Disability of the Executive at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, for six (6) months following the date of termination or until the Executive begins receiving payments under the Company's long-term disability policy, whichever occurs first, the Employer shall be required to continue to meet its obligations under Sections 4.1.

Appears in 5 contracts

Samples: Employment Agreement (Neighbors Bancshares Inc), Employment Agreement (Neighbors Bancshares Inc), Employment Agreement (Neighbors Bancshares Inc)

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By the Employer. (a) For Cause, upon written notice to the Executive pursuant to Section 1.4.1 1.5.1 hereof, in which event the Employer 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; (b) Without Cause at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Employer shall be required to continue to meet its obligations to the Executive under Section 4.1 for six the remainder of the Term if the Executive is terminated during the Initial Term and if the Executive is terminated after the Initial Term, then for the lesser of (6i) three (3) months following or (ii) the terminationremainder of the Term. However, during the period that the Executive is receiving compensation pursuant to this Section 3.2.1(b), the Executive must remain available to the Employer to provide consulting services as may be requested by the Employer; or (c) Upon the Disability of the Executive at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, for six (6) months following the date of termination or until the Executive begins receiving payments under the Company's long-term disability policy, whichever occurs first, the Employer shall be required to continue to meet its obligations under Sections 4.1Section 4.1 for six (6) months following the termination or until the Executive begins receiving payments under the long-term disability policy maintained by the Employer for its employees, whichever occurs first.

Appears in 2 contracts

Samples: Merger Agreement (Citizens Bancshares Corp /Ga/), Merger Agreement (CFS Bancshares Inc)

By the Employer. (a) For Cause, upon written notice to the Executive pursuant to Section 1.4.1 hereof, in which event the Employer 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; (b) Without Cause at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Employer shall be required to continue to meet its obligations to the Executive under Section 4.1 for six twelve (612) months following the effective date of termination; or (c) Upon the Disability of the Executive at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, for six (6) months following the effective date of termination or until the Executive begins receiving payments under the Company's long-term disability policypolicy maintained for the employees of the Company and/or the Bank, if any, whichever occurs first, the Employer shall be required to continue to meet its obligations under Sections 4.1.

Appears in 2 contracts

Samples: Employment Agreement (P B Financial Services Corp), Employment Agreement (P B Financial Services Corp)

By the Employer. (a) For Cause, upon written notice to the Executive pursuant to Section 1.4.1 hereof, in which event where the notice has been approved by a resolution passed by two-thirds of the directors of the Employer 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 terminationthen in office; (b) Without Cause at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Employer shall be required to continue to meet its obligations to the Executive under Section 4.1 for six (6) months following a period equal to the terminationremaining Term of the Agreement; or (c) Upon the Disability of the Executive at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, for six (6) months following the date of termination or until the Executive begins receiving payments under the Company's long-term disability policy, whichever occurs first, the Employer shall be required to continue to meet its obligations under Sections 4.1Section 4.1 for a period of six (6) months or until the Executive begins receiving payments under the Employer's long-term disability policy, whichever occurs first.

Appears in 2 contracts

Samples: Employment Agreement (Pinnacle Financial Partners Inc), Employment Agreement (Pinnacle Financial Partners Inc)

By the Employer. (a) For Cause, upon written notice to the Executive pursuant to Section 1.4.1 1.5.1 hereof, where the notice has been approved by a resolution passed by two-thirds of the directors of either the Bank or the Company then in which event the Employer 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 terminationoffice; (b) Without Cause at any time, provided that the Employer Company or the Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Employer shall be required to continue to meet its obligations to the Executive under Section 4.1 for six a period equal to twelve (612) months following the terminationmonths; or (c) Upon the Disability of the Executive at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Employer shall be required to continue to meet its obligations under Section 4.1 for six (6) months following the date of termination or until the Executive begins receiving payments under the Company's long-term disability policy, whichever occurs first, the Employer shall be required to continue to meet its obligations under Sections 4.1.

Appears in 1 contract

Samples: Employment Agreement (Generations Bancshares Inc)

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By the Employer. (a) For Cause, upon written notice to the Executive pursuant to Section 1.4.1 hereof, where the notice has been approved by a resolution passed by two-thirds of the directors of either the Bank or the Company then in which event the Employer 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 terminationoffice; (b) Without Cause at any time, provided that the Employer Bank shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Employer shall be required to continue to meet its obligations to the Executive under Section 4.1 for six (6) months following a period equal to the terminationremaining Term of the Agreement; or (c) Upon the Disability of the Executive at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Employer shall be required to continue to meet its obligations under Section 4.1 for a period of six (6) months following the date of termination or until the Executive begins receiving payments under the Company's long-term disability policy, whichever occurs first, the Employer shall be required to continue to meet its obligations under Sections 4.1.

Appears in 1 contract

Samples: Employment Agreement (Pinnacle Financial Partners Inc)

By the Employer. (a) For Cause, upon written notice to the Executive pursuant to Section 1.4.1 1.5 hereof, in which event the Employer 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; (b) Without Cause at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event the Employer shall be required to continue to meet its obligations obligation to the Executive under Section Sections 4.1 and 4.2 for six (6) months following the terminationremaining Term then in effect; or (c) Upon the Disability of the Executive at any time, provided that the Employer shall give the Executive thirty (30) days' prior written notice of its intent to terminate, in which event, the Employer shall be required to continue to meet its obligation to the Executive under Section 4.1 for six (6) months following the date of termination or until the Executive begins receiving payments under the CompanyEmployer's long-term disability policy, whichever occurs first, the Employer shall be required to continue to meet its obligations under Sections 4.1.

Appears in 1 contract

Samples: Employment Agreement (Southeastern Bank Financial CORP)

By the Employer. (a) For Cause, upon written notice to the Executive pursuant to Section 1.4.1 hereof, in which event the Employer 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; (b) Without Cause at any time, provided that the Employer shall give the Executive thirty (30) days' ’ prior written notice of its intent to terminate, in which event the Employer shall be required to continue to meet its obligations to the Executive under Section 4.1 for six twelve (612) months following the effective date of termination; or (c) Upon the Disability of the Executive at any time, provided that the Employer shall give the Executive thirty (30) days' ’ prior written notice of its intent to terminate, in which event, for six (6) months following the effective date of termination or until the Executive begins receiving payments under the Company's long-term disability policypolicy maintained for the employees of the Company and/or the Bank, if any, whichever occurs first, the Employer shall be required to continue to meet its obligations under Sections 4.1.

Appears in 1 contract

Samples: Employment Agreement (P B Financial Services Corp)

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