Early Termination by the Executive Sample Clauses

Early Termination by the Executive. Subject to the payments contemplated by Sections 7.4 and 7.5, the Executive's employment by the Company may be terminated by the Executive at any time, as follows:
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Early Termination by the Executive. The Executive may terminate his employment with any of the Bank-Related Entities prior to the date it would otherwise terminate under the Employment Agreement or otherwise by delivering written notice to the employer three (3) months in advance of the date such termination is to take effect. In the event of any voluntary termination by the Executive of employment with any of the Bank-Related Entities that occurs within five (5) years from the date of this Agreement, the Bank shall pay to the Executive only the annual sum of the Executive's Personal Funded Annual Benefit vested under Paragraph 3.1.2 at the date of such termination. In the event of any voluntary termination by the Executive of employment with any of the Bank-Related Entities that occurs after five (5) years from the date of this Agreement, the Bank shall pay to the Executive (i) the annual sum of the Executive's Personal Funded Annual Benefit vested under Paragraph 3.1.2 at the date of such termination. and (ii) the annual sum of the Executive's Bank Funded Annual Benefit vested under Schedule B-1. The annual sums will be payable monthly on the first day of each month following the later of the date
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Early Termination by the Executive. Subject to the payments contemplated by Sections 7.4 and 7.5, the Executive's
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Early Termination by the Executive. The Executive shall have the ---------------------------------- right to terminate his employment described under Section 2 of this Agreement for any reason or no reason ("Early Termination") upon not less than six months' prior written notice to the Company given no earlier than June 30, 1999 and no later than June 30, 2001, in which case, except as set forth below, this Agreement shall terminate on the date that is six months from the day of such notice (or such later day specified in such notice). If the Executive elects Early Termination, (i) the Company shall have no further obligations under this Agreement, except as provided in Section 6 hereof and except to (x) pay all unpaid amounts of Base Salary, Guaranteed Bonus Amount and Incentive Bonus, if any, and reimburse all reasonable unreimbursed out-of-pocket business-related expenses, in each case accrued to the effective date of such Early Termination, (y) pay to the Executive the Minimum Amount, and (z) provide all other benefits set forth in Section 3(b) hereof for such period, if any, as such benefits generally are provided to the Company's senior officers following termination of employment at their election and (ii) the Executive shall have no further obligations under this Agreement, except those provided in Sections 6, 7 and 8 hereof. All such amounts of unpaid Base Salary, Guaranteed Bonus Amount, Incentive Bonus and Minimum Amount and the reimbursement of expenses shall be payable to the Executive within thirty (30) days following the effective date of Early Termination or the submission of documented evidence of such unreimbursed expense, as the case may be.
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Early Termination by the Executive. Notwithstanding the ---------------------------------- foregoing, the Executive may terminate his employment under this Agreement prior to the expiration of the term specified herein upon 30-days prior written notice. However, in the event of such early termination by the Executive during the initial two year term of his employment, the Executive shall not accept employment or perform services for another bank, bank holding company or other financial institution located within 200 miles of the main offices of the Corporation and which competes with Employer during the one (1) year period immediately following the termination of his employment under this Agreement.
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Early Termination by the Executive 
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Related to Early Termination by the Executive

  • Termination by the Executive The Executive may terminate employment hereunder at any time for any reason, including but not limited to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive’s consent (each, a “Good Reason Condition”):

  • Voluntary Termination by the Executive Notwithstanding anything in this Agreement to the contrary, the Executive may, upon not less than thirty (30) days' written notice to the Company, voluntarily terminate employment for any reason (including retirement under the terms of the Company's retirement plan as in effect from time to time).

  • Termination by the Employee The Employee may terminate his employment under this Agreement at any time upon not less than thirty days prior written notice to the Company. The Company may, however, elect to accelerate the date of termination. In the event of such a termination, the Company shall be required to pay to the Employee:

  • Voluntary Termination by the Employee The Employee may voluntarily terminate the Employee's status as employee for other than Good Reason.

  • Termination by the Employer The Employer may terminate the Employment Period (i) immediately upon the delivery of a Notice of Termination (as defined in Section 4.01(d) of this Agreement) by the Employer to the Executive setting forth the facts that indicate that a determination has been made that the Executive has a Disability in accordance with Section 4.02 of this Agreement; (ii) immediately upon delivery of a Notice of Termination by the Employer to the Executive setting forth the facts that indicate that an event constituting Cause (as defined in Section 4.03 of this Agreement) has occurred, or on such later date as may be set forth in such Notice of Termination; or (iii) at any time without Cause effective as of the 30th day following the delivery of a Notice of Termination by the Employer to the Executive, or on such later date as may be set forth in such Notice of Termination.

  • Termination by the Employer for Cause The Executive’s employment under this Agreement may be terminated for Cause (as defined below) on the part of the Employer effective upon a vote of the Board of Directors, prior to which the Employer shall have given the Executive ten (10) days prior written notice and the opportunity to be heard on such matter at a meeting of the Board. Only the following shall constitute “Cause” for such termination:

  • Termination by the Employer Without Cause Subject to the payment of Termination Benefits pursuant to Section 7(b), the Executive’s employment under this Agreement may be terminated by the Employer without Cause upon no less than sixty (60) days prior written notice to the Executive.

  • Termination by the Company without Cause; Termination by the Executive for Good Reason (a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to by the Executive,

  • Resignation by the Executive Executive may voluntarily resign from his employment with the Company, provided that Executive shall provide the Company with thirty (30) days advance written notice (which notice requirement may be waived, in whole or in part, by the Company in its sole discretion) of his intent to resign. If Executive so terminates his employment with the Company, other than in accordance with Section 4.5, the Company shall have no obligation other than the payment of the Accrued Obligations to the effective date of such termination.

  • Termination by the Executive for Good Reason Termination by the Executive of the Executive’s employment with the Company for Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has complied with the “Good Reason Process” (hereinafter defined) following, the occurrence of any of the following events:

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