Common use of Early Termination Benefit Clause in Contracts

Early Termination Benefit. Subject to the limitations of Article 5, upon Early Termination, the Company shall pay to the Director the annual benefit described in this Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 15 contracts

Samples: Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc), Director Retirement Agreement (United Security Bancshares Inc)

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Early Termination Benefit. Subject to the limitations of Article 5, upon Early Termination, the Company shall pay to the Director Executive the annual benefit described in this Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 5 contracts

Samples: Salary Continuation Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc), Salary Continuation Agreement (United Security Bancshares Inc)

Early Termination Benefit. Subject to the general limitations of Article 5, upon in the event of Executive's Early Termination, the Company shall pay to the Director the Executive an annual benefit Early Termination Benefit described in this Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 2 contracts

Samples: Salary Continuation Agreement (First Community Financial Corp), Salary Continuation Agreement (First Community Financial Corp)

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Early Termination Benefit. Subject to the limitations of Article 5, upon Early Termination, whether voluntary or involuntary, the Company shall pay to the Director Executive the annual Early Termination benefit described in this Section 2.2 in lieu of any other benefit under this Agreement.

Appears in 1 contract

Samples: Salary Continuation Agreement (Fidelity Federal Bancorp)

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