Common use of Early Termination Benefit Clause in Contracts

Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Normal Retirement Age for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement.

Appears in 8 contracts

Samples: Incentive Retirement Agreement (First Litchfield Financial Corp), Incentive Retirement Agreement (First Litchfield Financial Corp), Incentive Retirement Agreement (First Litchfield Financial Corp)

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Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Upon Termination of Employment prior to Normal Retirement Age Age, other than for reasons other than death of Disability, Change of Control or Disabilitydeath, the Company shall pay to the Executive the benefit described in this Section 4.3 2.2 in lieu of any other benefits benefit under this Agreement.

Appears in 6 contracts

Samples: Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/), Continuation Agreement (Tri County Financial Corp /Md/)

Early Termination Benefit. If the Executive terminates employment before the prior to Early Retirement Age or Normal Retirement Age for reasons Age, other than by reason of death or Disability, the Company shall pay Executive will not be entitled to a benefit under this Agreement. However, the Company's Board of Directors, in its sole discretion, may provide a benefit to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreementupon Early Termination.

Appears in 4 contracts

Samples: Continuation Agreement (Fidelity Bancorp Inc), Continuation Agreement (Fidelity Bancorp Inc), Continuation Agreement (Fidelity Bancorp Inc)

Early Termination Benefit. If there is a Termination of Employment of the Executive terminates employment before the Early Retirement Age or Normal Retirement Age for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement.

Appears in 4 contracts

Samples: Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp), Executive Incentive Retirement Agreement (First Litchfield Financial Corp)

Early Termination Benefit. If the Executive terminates employment before the his Early Retirement Age or Normal Retirement Age Date for reasons other than death death, Disability or DisabilityChange of Control, the Company Bank shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement2.5.

Appears in 3 contracts

Samples: Continuation Agreement (High Point Financial Corp), Continuation Agreement (High Point Financial Corp), Continuation Agreement (High Point Financial Corp)

Early Termination Benefit. If the Executive terminates Executive's employment is terminated before the Early Retirement Age or Normal Retirement Age absent a Change of Control and for reasons of Executive's voluntary termination of employment, non-renewal of the Executive Employment Agreement, Disability, or if Bank terminates Executive's employment for reasons other than death or Disabilityfor Cause, the Company Bank shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement2.2.

Appears in 3 contracts

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

Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Normal Retirement Age Date, and for reasons other than death or Disabilityfollowing a Change of Control, the Company shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement2.2.

Appears in 2 contracts

Samples: Continuation Agreement (Fulton Bancshares Corp), Continuation Agreement (Fulton Bancshares Corp)

Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Normal Retirement Age for reasons other than death death, Disability or DisabilityChange of Control, the Company shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement2.2.

Appears in 2 contracts

Samples: Supplemental Retirement Agreement (United Financial Corp \Mn\), Supplemental Retirement Agreement (United Financial Corp \Mn\)

Early Termination Benefit. If the Executive terminates employment before the prior to Early Retirement Age or Normal Retirement Age for reasons other than death or DisabilityAge, the Company shall pay Executive will not be entitled to the Executive the a benefit described in this Section 4.3 in lieu of any other benefits under this Agreement.

Appears in 2 contracts

Samples: Juniata Valley Bank Salary Continuation Agreement (Juniata Valley Financial Corp), Juniata Valley Bank Salary Continuation Agreement (Juniata Valley Financial Corp)

Early Termination Benefit. If the Executive terminates employment Executive's Termination of Employment occurs before the Early Retirement Age or Normal Retirement Age Date for reasons other than death or and Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement4.2.

Appears in 2 contracts

Samples: Trust Deferred Compensation Agreement (Southern Michigan Bancorp Inc), Trust Deferred Compensation Agreement (Southern Michigan Bancorp Inc)

Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Normal Retirement Age for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 the 4.3.1 in lieu of any other benefits under this Agreement.

Appears in 2 contracts

Samples: Incentive Retirement Agreement (Smithtown Bancorp Inc), Incentive Retirement Agreement (Smithtown Bancorp Inc)

Early Termination Benefit. If the Executive terminates employment Employment as an Executive before the Early Retirement Age or Normal Retirement Benefit Age for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 4.2. in lieu of any other benefits benefit under this Agreement.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Mid Penn Bancorp Inc)

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Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Upon Termination of Employment prior to Normal Retirement Age for reasons and a Change of Control other than death or because of Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 4.2 in lieu of any other benefits benefit under this Agreement.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Greer Bancshares Inc)

Early Termination Benefit. If the Executive terminates Executive’s employment is terminated before the Early Retirement Age or Normal Retirement Age absent a Change of Control and for reasons of Executive’s voluntary termination of employment, non-renewal of the Executive Employment Agreement, Disability, or if Bank terminates Executive’s employment for reasons other than death or Disabilityfor Cause, the Company Bank shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement2.2.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (CCFNB Bancorp Inc)

Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Normal Retirement Age Date, and for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement2.2.

Appears in 1 contract

Samples: Continuation Agreement (Dimeco Inc)

Early Termination Benefit. If the Executive terminates Executive's employment is terminated before the Early Retirement Age or Normal Retirement Age absent a change of control and for reasons of Executive's voluntary termination of employment, non-renewal of the Employment Agreement, Disability, or if Bank terminates Executive's employment for reasons other than death or Disabilityfor Cause, the Company Bank shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement2.2.

Appears in 1 contract

Samples: Agreement (East Penn Financial Corp)

Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Normal Retirement Age Age, and for reasons other than death or Disability, the Company Bank shall pay to the Executive the benefit described in this Section 4.3 4.2 in lieu of any other benefits benefit under this Agreement.

Appears in 1 contract

Samples: First National South (M&m Financial Corp /Sc/)

Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Normal Retirement Age Date, and for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 in lieu of any other benefits under this Agreement4.3.

Appears in 1 contract

Samples: Deferred Incentive Agreement (Home Federal Bancorp Inc)

Early Termination Benefit. If the Executive terminates employment before the Early Retirement Age or Normal Retirement Age Age, and for reasons other than death or Disability, the Company shall pay to the Executive the benefit described in this Section 4.3 4.2 in lieu of any other benefits benefit under this AgreementAgreement .

Appears in 1 contract

Samples: Incentive Retirement Agreement (Ridgestone Financial Services Inc)

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