Common use of Cash Severance after Termination Without Cause or Termination for Good Reason Clause in Contracts

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months and in accordance with the Company’s regular pay practices continue to receive the Base Salary in effect at termination of employment. However, the Company and the Executive acknowledge and agree that the compensation and benefits under this Section 4.1 shall not be payable if compensation and benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months the unexpired term of this Agreement and in accordance with the CompanyEmployer’s regular pay practices continue to receive the Base Salary in effect at termination of employment. However, the Company Employer and the Executive acknowledge and agree that the compensation and benefits under this Section 4.1 shall not be payable if compensation and benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months and in accordance with the CompanyAssociation’s regular pay practices continue to receive the Base Salary in effect at termination of employment. However, the Company Association and the Executive acknowledge and agree that the compensation and benefits under this Section 4.1 shall not be payable if compensation and benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six the unexpired term of this Agreement, plus an additional twelve (3612) months months, and in accordance with the CompanyBank’s regular pay practices practices, continue to receive the Base Salary in effect at the Executive’s termination of employment. However, the Company Bank and the Executive acknowledge and agree that the compensation and severance benefits under this Section 4.1 shall not be payable if compensation and severance benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months the unexpired term of this Agreement and in accordance with the CompanyCorporation’s regular pay practices practices, continue to receive the Base Salary in effect at the Executive’s termination of employment. However, the Company Corporation and the Executive acknowledge and agree that the compensation and severance benefits under this Section 4.1 shall not be payable if compensation and severance benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months and the unexpired term of this Agreement, in accordance with the CompanyBank’s regular pay practices practices, continue to receive the Base Salary in effect at the Executive’s termination of employment. However, the Company Bank and the Executive acknowledge and agree that the compensation and severance benefits under this Section 4.1 shall not be payable if compensation and severance benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six the unexpired term of this Agreement, plus an additional twelve (3612) months months, and in accordance with the CompanyCorporation’s regular pay practices practices, continue to receive the Base Salary in effect at the Executive’s termination of employment. However, the Company Corporation and the Executive acknowledge and agree that the compensation and severance benefits under this Section 4.1 shall not be payable if compensation and severance benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months and in accordance with the CompanyBank’s regular pay practices continue to receive the Base Salary in effect at termination of employment. However, the Company Bank and the Executive acknowledge and agree that the compensation and benefits under this Section 4.1 shall not be payable if compensation and benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b)8.9 of this Agreement, if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months and in accordance with the Company’s regular pay practices continue to receive the his Base Salary in effect at the time of his termination for the unexpired term of employmentthis Agreement, plus an additional twelve (12) months, paid in a single lump sum within five (5) business days of his termination. However, the Company Bank and the Executive acknowledge and agree that the compensation and severance benefits under this Section 4.1 shall not be payable if compensation and severance benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b)8.9 of this Agreement, if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months and in accordance with the Company’s regular pay practices continue to receive the his Base Salary in effect at the time of his termination for the unexpired term of employmentthis Agreement, plus an additional twelve (12) months, paid in a single lump sum within five (5) business days of his termination. However, the Company Corporation and the Executive acknowledge and agree that the compensation and severance benefits under this Section 4.1 shall not be payable if compensation and severance benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six the unexpired term of this Agreement, plus an additional twelve (3612) months months, and in accordance with the CompanyEmployer’s regular pay practices practices, continue to receive the Base Salary in effect at the Executive’s termination of employment. However, the Company Employer and the Executive acknowledge and agree that the compensation and severance benefits under this Section 4.1 shall not be payable if compensation and severance benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section section 4.1(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-six (36) months and in accordance with the Company’s regular pay practices unexpired term of this Agreement continue to receive the Base Salary in effect at termination of employmentemployment termination. However, the Company Executive shall not be entitled to continued participation in Service1st Bank’s retirement plan(s) or any stock-based plans. Service1st Bank and the Executive acknowledge and agree that the compensation and benefits under this Section section 4.1 shall not be payable if compensation and benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.

Cash Severance after Termination Without Cause or Termination for Good Reason. (a) Subject to the possibility that cash severance after employment termination might be delayed under Section 4.1(b4.l(b), if the Executive’s employment terminates involuntarily but without Cause or if the Executive voluntarily terminates employment with Good Reason, the Executive shall for thirty-a period of six (366) months months, and in accordance with the CompanyCorporation’s regular pay practices practices, continue to receive the Base Salary in effect at termination the Executive’s tem1ination of employment. However, the Company The Corporation and the Executive acknowledge and agree that the compensation and severance benefits under this Section 4.1 shall not be payable if compensation and severance benefits are payable or shall have been paid to the Executive under Article 5 of this Agreement.