Forfeiture Provision. The Executive shall forfeit any unpaid benefit hereunder, if the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 11 contracts
Samples: Deferred Compensation Agreement (Peapack Gladstone Financial Corp), Deferred Compensation Agreement (Peapack Gladstone Financial Corp), Deferred Compensation Agreement (Peapack Gladstone Financial Corp)
Forfeiture Provision. The Executive shall forfeit any unpaid benefit hereunder, non-distributed benefits under this Agreement if the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 9 contracts
Samples: Salary Continuation Agreement (Orrstown Financial Services Inc), Supplemental Executive Retirement Agreement (Farmers & Merchants Bancshares, Inc.), Deferred Compensation Agreement (Orrstown Financial Services Inc)
Forfeiture Provision. The Executive shall forfeit forfeit, for the Executive and the Beneficiary, any unpaid benefit benefits hereunder, if the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, directortrustee, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 7 contracts
Samples: Salary Continuation Agreement (Norwood Financial Corp), Salary Continuation Agreement (Norwood Financial Corp), Salary Continuation Agreement (Norwood Financial Corp)
Forfeiture Provision. The Executive shall forfeit any unpaid benefit hereundernon-distributed benefits under this Agreement if during the term of this Agreement, if the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan (Penns Woods Bancorp Inc), Supplemental Executive Retirement Plan (Penns Woods Bancorp Inc)
Forfeiture Provision. The Executive shall forfeit any unpaid benefit hereundernon-distributed benefits under this Agreement if, if during the period set forth in Section 11.4.3 below, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, directortrustee, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 1 contract
Samples: Split Dollar Life Insurance Agreement (WVS Financial Corp)
Forfeiture Provision. The Executive shall forfeit any unpaid benefit hereundernon-distributed benefits under this Agreement if during the term of this Agreement, if without prior written consent of the Employer, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 1 contract
Samples: MUNCY COLUMBIA FINANCIAL Corp
Forfeiture Provision. The Executive shall forfeit any unpaid benefit hereundernon-distributed benefits under this Agreement if, if during the period set forth in section 7.10.3 below, the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, directortrustee, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding an ownership interest of three percent (3%) or less in the stock of a publicly-traded company):
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (WVS Financial Corp)