Common use of Early Involuntary Termination Benefit Clause in Contracts

Early Involuntary Termination Benefit. If Early Involuntary Termination occurs, the Employer shall pay the Executive 100% of the Accrued Benefit, calculated as of the date of Separation from Service. The benefit will be paid in a lump sum within thirty (30) days following Separation of Service.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Community West Bancshares /), Salary Continuation Agreement (Community West Bancshares /), Salary Continuation Agreement (Community West Bancshares /)

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Early Involuntary Termination Benefit. If Early Involuntary Termination occurs, the Employer shall pay the Executive 100% of the Accrued Benefit, calculated as Benefit in lieu of the date of Separation from Serviceany other benefit hereunder. The benefit will be paid in a lump sum within thirty (30) days the month following Separation of from Service.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.)

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