Common use of FORM OF WAIVER AND RELEASE Clause in Contracts

FORM OF WAIVER AND RELEASE. The parties to this Waiver and Release (this “Agreement”), United Community Financial Corp., a bank holding company incorporated under Ohio law (“UCFC”), Home Savings Bank, an Ohio chartered bank (“Home Savings”) and their respective affiliates, parents, successors, predecessors, and subsidiaries (collectively, the “Company”) and , an individual (hereinafter referred to as the “Executive”) agree that: The Company employed Employee on an at-will basis, meaning that Employee or the Company could terminate the employment relationship at any time and for any reason, not contrary to law. Employee and the Company now wish to terminate their employment relationship effective , 20 (the “Separation Date”) in a manner that is satisfactory to both Employee and the Company. Executive and the Company, for the good and valuable consideration stated below, the sufficiency of which is acknowledged, agree as follows:

Appears in 4 contracts

Samples: Severance and Change in Control Agreement (United Community Financial Corp), Severance and Change in Control Agreement (United Community Financial Corp), Severance and Change in Control Agreement (United Community Financial Corp)

AutoNDA by SimpleDocs

FORM OF WAIVER AND RELEASE. The parties to this Waiver and Release (this “Agreement”), United Community Financial Corp., a bank holding company incorporated under Ohio law (“UCFC”), Home Savings Bank, an Ohio chartered bank (“Home Savings”) and their respective affiliates, parents, successors, predecessors, and subsidiaries (collectively, the “Company”) and Xxxxx Xxxxx, an individual (hereinafter referred to as the “Executive”) agree that: The Company employed Employee Executive on an at-will basis, meaning that Employee Executive or the Company could terminate the employment relationship at any time and for any reason, not contrary to law. Employee Executive and the Company now wish to terminate their employment relationship effective , 20 (the “Separation Date”) in a manner that is satisfactory to both Employee Executive and the Company. Executive and the Company, for the good and valuable consideration stated below, the sufficiency of which is acknowledged, agree as follows:

Appears in 1 contract

Samples: Severance and Change in Control Agreement (United Community Financial Corp)

AutoNDA by SimpleDocs

FORM OF WAIVER AND RELEASE. The parties to this Waiver and Release (this “Agreement”), United Community Financial Corp., a bank holding company incorporated under Ohio law (“UCFC”), Home Savings Bank, an Ohio chartered bank (“Home Savings”) and their respective affiliates, parents, successors, predecessors, and subsidiaries (collectively, the “Company”) and _________, an individual (hereinafter referred to as the “Executive”) agree that: The Company employed Employee on an at-will basis, meaning that Employee or the Company could terminate the employment relationship at any time and for any reason, not contrary to law. Employee and the Company now wish to terminate their employment relationship effective _____________, 20 20__ (the “Separation Date”) in a manner that is satisfactory to both Employee and the Company. Executive and the Company, for the good and valuable consideration stated below, the sufficiency of which is acknowledged, agree as follows:

Appears in 1 contract

Samples: Severance and Change in Control Agreement (First Defiance Financial Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!