Common use of Failure to be Nominated or Reelected Clause in Contracts

Failure to be Nominated or Reelected. Upon the failure of the Executive to be terminated or reelected as a director of either of the Bank or the Holding Company (for any reason other than for a Termination for Cause), the Bank shall pay to the Executive the benefit described in this Section 2.5.

Failure to be Nominated or Reelected. Upon the failure of the Executive Director to be terminated nominated or reelected as a director of either of the Bank or the Holding Company (for any reason other than for a Termination for Cause), the Bank shall pay to the Executive Director the benefit described in this Section 2.5.

Failure to be Nominated or Reelected. Upon the failure of the Executive to be terminated nominated or reelected as a director of either of the Bank or the Holding Company (for any reason other than for a Termination for Cause), the Bank shall pay to the Executive the benefit described in this Section 2.5.