Common use of For Cause Termination Clause in Contracts

For Cause Termination. The Corporation or Bank may terminate the Executive’s employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “Cause” to terminate the Executive’s employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, or (3) the violation by the Executive of the provisions of paragraphs 3, 7, 8 or 9 hereof after written notice from the Bank and a failure to cure such violation within thirty (30) days of said notice, or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, or (5) the breach of Executive’s fiduciary duty to the Employers involving personal profit, or (6) the violation of any law, rule or regulation governing banks or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly and materially xxxxx the business of the Corporation or Bank, or (7) moral turpitude or other serious misconduct on the part of Executive which brings material public discredit to the Corporation or Bank. Any termination for Cause must be approved by: (i) the affirmative vote of a majority of the directors then in office of each of the Employers, prior to a change in control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the Employers, following a change in control. If the Executive’s employment shall be terminated for Cause, the Employers shall pay the Executive his Salary (minus applicable taxes and withholdings) prorated through the date of termination, together with the amount of any unreimbursed business expenses as of the date of termination, and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank Employers may terminate the Executive’s 's employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank Employers shall have “"Cause” " to terminate the Executive’s 's employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, ; or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, Employers; or (3) the violation by the Executive of the provisions of paragraphs Paragraphs 3, 6, 7, or 8 or 9 hereof after written notice from the Bank Employers and a failure to cure such violation within thirty (30) days of said notice, ; or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, ; or (5) the breach of Executive’s 's fiduciary duty to the Employers involving personal profit, ; or (6) the violation of any law, rule or regulation governing covering banks or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly and materially xxxxx the business of the Corporation or Bank, Employers; or (7) moral turpitude or other serious misconduct on the part of the Executive which brings material public discredit to the Corporation or BankEmployers. Any termination for Cause must be approved by: (i1) the affirmative vote of a majority of the directors then in office of each of the Employers, prior to a change in control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the Employers, following a change in control. If the Executive’s 's employment shall be terminated for Causecause, the Employers Bank shall pay the Executive his full Annual Base Salary (minus applicable taxes and withholdings) prorated through the date of the termination at the rate in effect at the time of termination, together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination, and the Corporation and Bank Employers shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank Employers may terminate the Executive’s 's employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank Employers shall have “"Cause” " to terminate the Executive’s 's employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, ; or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, Employers; or (3) the violation by the Executive of the provisions of paragraphs Paragraphs 3, 7, 8 8, or 9 hereof after written notice from the Bank Employers and a failure to cure such violation within thirty (30) days of said notice, ; or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, ; or (5) the breach of Executive’s 's fiduciary duty to the Employers involving personal profit, ; or (6) the violation of any law, rule or regulation governing covering banks or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly and materially xxxxx the business of the Corporation or Bank, Employers; or (7) moral turpitude or other serious misconduct on the part of the Executive which brings material public discredit to the Corporation or BankEmployers. Any termination for Cause must be approved by: (i1) the affirmative vote of a majority of the directors then in office of each of the Employers, prior to a change in control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the Employers, following a change in control. If the Executive’s 's employment shall be terminated for Causecause, the Employers Bank shall pay the Executive his full Annual Base Salary (minus applicable taxes and withholdings) prorated through the date of the termination at the rate in effect at the time of termination, together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination, and the Corporation and Bank Employers shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank may terminate the Executive’s employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “Cause” to terminate the Executive’s employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, ; or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, Employers; or (3) the violation by the Executive of the provisions of paragraphs Paragraphs 3, 6, 7, or 8 or 9 hereof after written notice from the Bank and a failure to cure such violation within thirty (30) days of said notice, ; or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, ; or (5) the breach of Executive’s fiduciary duty to the Employers involving personal profit, ; or (6) the violation of any law, rule or regulation governing covering banks or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly and materially xxxxx the business of the Corporation or Bank, Employers; or (7) moral turpitude or other serious misconduct on the part of the Executive which brings material public discredit to the Corporation or BankEmployers. Any termination for Cause must be approved by: (i1) the affirmative vote of a majority of the directors then in office of each of the EmployersBank, prior to a change in controlChange of Control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the EmployersBank, following a change in controlChange of Control. If the Executive’s employment shall be terminated for Causecause, the Employers Bank shall pay the Executive his full Annual Base Salary (minus applicable taxes and withholdings) prorated through the date of the termination at the rate in effect at the time of termination, together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination, and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank may terminate the Executive’s 's employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “"Cause” " to terminate the Executive’s 's employment hereunder upon (1) the willful and repeated failure by the Executive to substantially perform his duties hereunder following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, or (2) the willful engaging by the Executive in serious misconduct injurious to the Corporation or Bank, or (3) the willful violation by the Executive of the provisions of paragraphs 3, 6, 7, or 8 or 9 hereof after written notice from the Bank and a failure to cure such violation within thirty (30) days of said notice, or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, or (5) the serious and willful breach of Executive’s 's fiduciary duty to the Employers Bank involving personal profit, or (6) the willful violation of any law, rule or regulation governing covering banks or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly and materially xxxxx the business of the Corporation or Bank, or (7) moral turpitude or other serious misconduct on the part of Executive which brings material public discredit to the Corporation or Bank. Any termination for Cause cause must be approved by: (i1) the affirmative vote of a majority of the directors of the Bank then in office of each of the Employers, prior to a change in control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the Employers, following a change in controloffice. If the Executive’s 's employment shall be terminated for Causecause, the Employers Bank shall pay the Executive his Salary full annual base salary (minus applicable taxes and withholdings) prorated through the date of termination, termination at the rate in effect at the time of termination (together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination, ) and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank may terminate the Executive’s 's employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “"Cause” " to terminate the Executive’s 's employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, ; or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, Employers; or (3) the violation by the Executive of the provisions of paragraphs Paragraphs 3, 6, 7, or 8 or 9 hereof after written notice from the Bank and a failure to cure such violation within thirty (30) days of said notice, ; or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, ; or (5) the breach of Executive’s 's fiduciary duty to the Employers involving personal profit, ; or (6) the violation of any law, rule or regulation governing covering banks or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly and 101 materially xxxxx the business of the Corporation or Bank, Employers; or (7) moral turpitude or other serious misconduct on the part of the Executive which brings material public discredit to the Corporation or BankEmployers. Any termination for Cause must be approved by: (i1) the affirmative vote of a majority of the directors then in office of each of the EmployersBank, prior to a change in control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the EmployersBank, following a change in control. If the Executive’s 's employment shall be terminated for Causecause, the Employers Bank shall pay the Executive his full Annual Base Salary (minus applicable taxes and withholdings) prorated through the date of the termination at the rate in effect at the time of termination, together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination, and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank may terminate the Executive’s employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “Cause” to terminate the Executiveexecutive’s employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct initiate corrective action to cure such deficiency within thirty (30) days of said notice, ; or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, Employer; or (3) the violation by the Executive of the provisions of paragraphs 3Paragraphs 3,6,7, 7, or 8 or 9 hereof after written notice from the Bank and a failure to initiate measures to cure such violation within thirty (30) days of said notice, ; or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, ; or (5) the breach of Executive’s fiduciary duty to the Employers Employer involving personal profit, ; or (6) the violation of any law, rule or regulation governing banks covering banks, or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly and materially xxxxx the business of the Corporation or Bank, Employer; or (7) moral turpitude or other serious misconduct on the a part of the Executive which brings material public discredit to the Corporation Employer; or Bank(8) a conviction of any felony. Any termination for Cause must be approved by: (i1) the affirmative vote of a majority two-thirds (2/3) of the directors then in office of each of the EmployersBank, prior to a change in controlChange of Control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the EmployersBank, following a change in controlChange of Control. If the Executive’s employment shall be terminated for Causecause, the Employers Bank shall pay the Executive his full Annual Base Salary (minus applicable taxes and withholdings) prorated through the date of the termination at the rate in effect at the time of termination, together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of terminationterminations, and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank may terminate the Executive’s employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “Cause” to terminate the Executive’s employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder hereunder, which failure creates actual, material harm to the Corporation or Bank, following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, or (3) the violation by the Executive of the provisions of paragraphs 3, 7, 8 or 9 hereof after written notice from the Bank and a failure to cure such violation within thirty (30) days of said notice, or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, or (5) the breach of Executive’s fiduciary duty to the Employers Bank involving personal profit, or (6) the violation of any law, rule or regulation governing banks or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly which actually and materially xxxxx the business of the Corporation or Bank, or (7) moral turpitude or other serious misconduct on the part of Executive which brings material public discredit to the Corporation or Bank. Any termination for Cause must be approved by: (i) the affirmative vote of a majority of the directors then in office of each of the EmployersBank, prior to a change in control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the EmployersBank, following a change in control. If the Executive’s employment shall be terminated for Cause, the Employers Bank shall pay the Executive his Base Salary (minus applicable taxes and withholdings) prorated through the date of termination, together with the amount of any unreimbursed business expenses as of the date of terminationtermination and, and except as otherwise provided in this Section 13, the Corporation and Bank shall have no further obligation to the Executive under this Agreement; provided, however, that notwithstanding the foregoing, the Bank, in its sole discretion, may elect to continue to pay the Executive his Base Salary (minus applicable taxes and withholdings) pro rated for an additional period of six (6) months after termination of Executive’s employment, during which six (6) month period Executive shall continue to be legally bound by and subject to the restrictive covenant set forth in Section 8.

For Cause Termination. The Corporation or Bank may terminate the Executive’s employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “Cause” to terminate the Executive’s employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder hereunder, which failure creates actual, material harm to the Corporation or Bank, following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, or (3) the violation by the Executive of the provisions of paragraphs 3, 7, 8 or 9 hereof after written notice from the Bank and a failure to cure such violation within thirty (30) days of said notice, or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, or (5) the breach of Executive’s fiduciary duty to the Employers Corporation or the Bank involving personal profit, or (6) the violation of any law, rule or regulation governing banks or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly which actually and materially xxxxx the business of the Corporation or Bank, or (7) moral turpitude or other serious misconduct on the part of Executive which brings material public discredit to the Corporation or Bank. Any termination for Cause must be approved by: (i) the affirmative vote of a majority of the directors then in office of each of the EmployersCorporation and the Bank, prior to a change in control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the EmployersCorporation and the Bank, following a change in control. If the Executive’s employment shall be terminated for Cause, the Employers Bank shall pay the Executive his Base Salary (minus applicable taxes and withholdings) prorated through the date of termination, together with the amount of any unreimbursed business expenses as of the date of terminationtermination and, and except as otherwise provided in this Section 13, the Corporation and Bank shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank may terminate the Executive’s employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “Cause” to terminate the Executive’s employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder hereunder, which failure creates actual, material harm to the Corporation or Bank, following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct such deficiency within thirty (30) days of said notice, or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, or (3) the violation by the Executive of the provisions of paragraphs 3, 7, 8 or 9 hereof after written notice from the Bank and a failure to cure such violation within thirty (30) days of said notice, or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, or (5) the breach of Executive’s fiduciary duty to the Employers Corporation or the Bank involving personal profit, or (6) the violation of any law, rule or regulation governing banks or bank officers or the violation of any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly which actually and materially xxxxx the business of the Corporation or Bank, or (7) moral turpitude or other serious misconduct on the part of Executive which brings material public discredit to the Corporation or Bank. Any termination for Cause must be approved by: (i) the affirmative vote of a majority of the directors then in office of each of the EmployersCorporation and the Bank, prior to a change in control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the EmployersCorporation and the Bank, following a change in control. If the Executive’s employment shall be terminated for Cause, the Employers Bank shall pay the Executive his Base Salary (minus applicable taxes and withholdings) prorated through the date of termination, together with the amount of any unreimbursed business expenses as of the date of terminationtermination and, and except as otherwise provided in this Section 13, the Corporation and Bank shall have no further obligation to the Executive under this Agreement.

For Cause Termination. The Corporation or Bank may terminate the Executive’s employment hereunder for Cause. For purposes of this Agreement, the Corporation or Bank shall have “Cause” to terminate the Executiveexecutive’s employment hereunder upon (1) the repeated failure by the Executive to substantially perform his duties hereunder following written notice to Executive specifying the nature of his deficient performance and the failure by Executive to correct initiate corrective actions to cure such deficiency within thirty (30) days of said notice, ; or (2) the engaging by the Executive in serious misconduct injurious to the Corporation or Bank, Employer; or (3) the violation by the Executive of the provisions of paragraphs 3Paragraphs 3,6,7, 7, or 8 or 9 hereof after written notice from the Bank and a failure to initiate measures to cure such violation within thirty (30) days of said notice, ; or (4) the dishonesty or gross negligence of the Executive in the performance of his duties under this Agreement, ; or (5) the breach of Executive’s fiduciary duty to the Employers Employer involving personal profit, ; or (6) the violation of any law, rule or regulation governing banks covering banks, or bank officers or any final and unappealable cease and desist order issued by a bank regulatory authority, any of which, directly and materially xxxxx the business of the Corporation or Bank, Employer; or (7) moral turpitude or other serious misconduct on the a part of the Executive which brings material public discredit to the Corporation Employer; or Bank(8) a conviction of any felony. Any termination for Cause must be approved by: (i1) the affirmative vote of a majority two-thirds (2/3) of the directors then in office of each of the EmployersBank, prior to a change in controlChange of Control, or (ii) the affirmative vote of not less than eighty (80%) percent of the directors then in office of each of the EmployersBank, following a change in controlChange of Control. If the Executive’s employment shall be terminated for Causecause, the Employers Bank shall pay the Executive his full Annual Base Salary (minus applicable taxes and withholdings) prorated through the date of the termination at the rate in effect at the time of termination, together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of terminationterminations, and the Corporation and Bank shall have no further obligation to the Executive under this Agreement.