Common use of For Any Other Reason Clause in Contracts

For Any Other Reason. If the Employee terminates his employment with the Employer for any reason other than Retirement or Good Reason, then: (1) All payments of Base Annual Salary that have accrued through the Termination Date shall be paid to the Employee on the payroll date following the Termination Date; (2) No further payments under Subparagraphs 5.a., 5.b., or 5.d. shall be payable by the Employer; (3) The Employee's termination shall not terminate or otherwise affect his rights to amounts payable or accrued under the terms of any Fringe Benefit Programs reflected under Subparagraph 5.b. or payable or accrued under the terms of the Employee Benefit Plans reflected under Subparagraph 5.c., or to the reimbursement of accrued expenses under Paragraph 6, except as outlined in such plans or programs.

Appears in 4 contracts

Samples: Employment Agreement (Eagle Bancshares Inc), Employment Agreement (Eagle Bancshares Inc), Employment Agreement (Eagle Bancshares Inc)

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