Common use of Forfeiture of Benefit Clause in Contracts

Forfeiture of Benefit. Rights to any unvested payments of the Executive's Benefit pursuant to this Supplemental Agreement shall be immediately forfeited if the Executive engages in any act that results in the Executive's Termination for Cause (as defined in the Employment Agreement) or the breach of any covenant in the Employment Agreement.

Appears in 5 contracts

Samples: Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/)

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Forfeiture of Benefit. Rights to any unvested payments of the Executive's ’s Benefit pursuant to this Supplemental Agreement shall be immediately forfeited if the Executive engages in any act that results in the Executive's ’s Termination for Cause (as defined in the Employment Agreement) or the breach of any covenant in the Employment Agreement.

Appears in 2 contracts

Samples: Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/)

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