Common use of Death; Disability; Voluntary Termination Clause in Contracts

Death; Disability; Voluntary Termination. (i) If employment is terminated under Section 7(a), (b), (c), or (f) hereof, Executive shall receive: (1) base salary through the date the Term of Employment ends, (2) any incentive compensation earned but not yet paid (no incentive compensation will be payable on voluntary termination). (3) whatever rights may be specified in Stock Option Agreements with the Executive executed pursuant to the First Northern Community Bancorp Stock Option Plan, (4) whatever rights may be specified in Salary Continuation Agreement with the Executive executed pursuant to the First Northern Bank of Xxxxx Salary Continuation Agreement/Split Dollar Agreements, and (5) reimbursement of expenses incurred under Section 5(c) hereof but not yet reimbursed. (ii) Except as provided in this Section 8(a) or required by law, all of Executive’s employee benefits and compensation shall cease on the last day on which the Executive performs services as an employee of the Bank.

Death; Disability; Voluntary Termination. (i) If employment is terminated under Section 7(a), (b), (c), or (f) hereof, Executive shall receive: (1) base salary through the date the Term of Employment ends, (2) any incentive compensation earned but not yet paid (no incentive compensation will be payable on voluntary termination). (3) whatever rights may be specified in Stock Option Award Agreements with the Executive executed pursuant to the First Northern Community Bancorp 2016 Stock Option PlanIncentive Plan (or any successor thereto), (4) whatever rights may be specified in Salary Continuation the Supplemental Executive Retirement Plan Participation Agreement with the Executive executed pursuant to the First Northern Bank of Xxxxx Salary Continuation Agreement/Split Dollar AgreementsSupplemental Executive Retirement Plan, and (5) reimbursement of expenses incurred under Section 5(c) hereof but not yet reimbursed. (ii) Except as provided in this Section 8(a) or required by law, all of Executive’s employee benefits and compensation shall cease on the last day on which the Executive performs services as an employee of the Bank.