Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for the payment of any amount earned and owing under Section 3 through the effective date of the termination of the Agreement and, if applicable, any payments set forth in Section 4.2 or Section 4.3, if applicable.
Appears in 10 contracts
Samples: Employment Agreement (TC Bancshares, Inc.), Employment Agreement (Coastal Banking Co Inc), Employment Agreement (First Security Group Inc/Tn)
Effect of Termination of Employment. (a) 3.3.1 Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for the payment of any amount earned and owing under Section 3 through the effective date of the termination of the Executive's employment hereunder pursuant to a Voluntary Termination or a Termination for Cause, neither the Executive nor his beneficiary or estate shall have any further rights or claims against the Company under this Agreement and, if applicable, any payments set forth in Section 4.2 or Section 4.3, if applicable.except to receive:
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Algos Pharmaceutical Corp), Agreement and Plan of Merger (Endo Pharmaceuticals Holdings Inc), Employment Agreement (Algos Pharmaceutical Corp)
Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for (i) the payment of any amount earned and owing under this Agreement; (ii) the reimbursement of any expenses under Section 3 through 3.4; and (iii) the effective date of the termination of the Agreement and, if applicable, any payments set forth in Section 4.2 or Section 4.34.3 (but not both such sections), if applicable.
Appears in 4 contracts
Samples: Employment Agreement (Community First Inc), Employment Agreement (Community First Inc), Employment Agreement (Community First Inc)
Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for the payment of any amount earned and owing under Section 3 through the effective date of the termination of the Agreement and, if applicable, any payments set forth in Section 4.2 or Section 4.3, if applicableAgreement.
Appears in 4 contracts
Samples: Employment Agreement (Coastal Banking Co Inc), Employment Agreement (Coastal Banking Co Inc), Employment Agreement (Coastal Banking Co Inc)
Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for (1) the payment of any amount earned and owing under this Agreement; (2) the reimbursement of any expenses under Section 3 through the effective date of the termination of the Agreement and, if applicable, 3.5; and (3) any payments payment set forth in Section 4.2 or Section 4.3, if applicable.
Appears in 4 contracts
Samples: Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc), Employment Agreement (Nicolet Bankshares Inc)
Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for the payment of any amount earned and owing under Section 3 through the effective date of the termination of the this Agreement and, if applicable, any payments and payment set forth in Section 4.2 or Section 4.3, if applicable.
Appears in 4 contracts
Samples: Employment Agreement (Park Sterling Corp), Employment Agreement (Park Sterling Corp), Employment Agreement (Park Sterling Corp)
Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer Bank shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for (1) the payment of any amount earned and owing under this Agreement; (2) the reimbursement of any expenses under Section 3 through the effective date of the termination of the Agreement and, if applicable, 3.4; and (3) any payments payment set forth in Section 4.2 4.2(a), (b) or Section 4.3(c), if and as applicable.
Appears in 3 contracts
Samples: Key Officer Compensation Agreement (Southeastern Bank Financial CORP), Key Officer Compensation Agreement (Southeastern Bank Financial CORP), Employment Agreement (Southeastern Bank Financial CORP)
Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for the payment of any amount compensation, benefits or other amounts earned and owing under Section 3 through the effective date of the termination of the Agreement and, if applicable, any payments set forth in Section 4.2 or Section 4.3, if applicable4.2.
Appears in 2 contracts
Samples: Employment Agreement (Southwest Bancorp Inc), Employment Agreement (Southwest Bancorp Inc)
Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for (1) the payment of any amount earned and owing under this Agreement; (2) the reimbursement of any expenses under Section 3 through 3.7; and (3) the effective date of the termination of the Agreement and, if applicable, any payments payment set forth in Section 4.2 or Section 4.34.2, if applicable.
Appears in 2 contracts
Samples: Employment Agreement (Nicolet Bankshares Inc), Agreement and Plan of Merger (Nicolet Bankshares Inc)
Effect of Termination of Employment. (a) Upon the termination of the Executive’s Termination of Employment hereunder 's employment for any reasonCause, neither the Employer Executive nor the Executive's beneficiaries or estate shall have no any further obligations to rights under this Agreement or any claims against the Executive or the Executive’s estate with respect to Company arising out of this Agreement, except the right to receive (i) two months salary; and (ii) reimbursement for any expenses for which the payment of any amount earned and owing under Section 3 through the effective date of the termination of the Agreement andExecutive shall not have theretofore been reimbursed, if applicable, any payments set forth as provided in Section 4.2 or Section 4.3, if applicable4.4 (the "Expense Reimbursement Amount").
Appears in 1 contract
Samples: Employment Agreement (Wi-Tron, Inc.)
Effect of Termination of Employment. (a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further obligations to the Executive or the Executive’s estate with respect to this Agreement, except for the payment of any amount earned and owing under Section 3 through the effective date of the termination of the Agreement and, if applicable, any payments set forth in Section 4.2 4.2, Section 4.3 or Section 4.34.4, if applicable.
Appears in 1 contract
Samples: Employment Agreement (Citizens Bancshares Corp /Ga/)