Common use of Discharge For Cause During the Protection Period Clause in Contracts

Discharge For Cause During the Protection Period. If the Company or the Bank terminates the Executive’s employment For Cause during the Protection Period, the Executive shall be entitled to receive payment when due of any unpaid base salary, awarded but unpaid cash bonus, and expense reimbursements; plus base salary for any accrued but unused vacation days. In addition, Executive shall be entitled to any rights and benefits under any retirement and non-retirement employee benefit plans and programs (including deferred compensation programs) and under any outstanding long-term incentives in accordance with the terms and conditions of the relevant plan or program.