Common use of Grantee Service Clause in Contracts

Grantee Service. Subject to Grantee’s right, under Section 10(a) of the Employment Agreement, to appointed as an advisor of the Corporation and to Continue serving as an advisor of the Corporation until all of the Shares have Vested in full in the event that Grantee’s employment is terminated by the Corporation without “Cause” (as defined in the Employment Agreement) or is terminated as a result of the Grantees resignation for “Good Reason” (as defined in the Employment Agreement), nothing in this Award Agreement shall limit the right of the Corporation or any of its Affiliates to terminate the Grantee’s service as a director, advisory director, employee or advisor, or otherwise impose upon the Corporation or any of its Affiliates any obligation to employ or accept the services of the Grantee.

Appears in 1 contract

Samples: Employment Agreement (First Pactrust Bancorp Inc)

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Grantee Service. Subject to Grantee’s right, under Section 10(a) of the Employment Agreement, to appointed as an advisor of the Corporation and to Continue continue serving as an advisor of the Corporation until all of the Shares have Vested in full in the event that Grantee’s employment is terminated by the Corporation without “Cause” (as defined in the Employment Agreement) or is terminated as a result of the Grantees Grantee’s resignation for “Good Reason” (as defined in the Employment Agreement), nothing in this Award Agreement shall limit the right of the Corporation or any of its Affiliates to terminate the Grantee’s service as a director, advisory director, employee or advisoremployee, or otherwise impose upon the Corporation or any of its Affiliates any obligation to employ or accept the services of the Grantee.

Appears in 1 contract

Samples: Employment Agreement (First Pactrust Bancorp Inc)

Grantee Service. Subject to Grantee’s right, under Section 10(a) of the Employment Agreement, to appointed as an advisor of the Corporation and to Continue serving as an advisor of the Corporation until all of the Shares have Vested in full in the event that Grantee’s employment is terminated by the Corporation without “Cause” (as defined in the Employment Agreement) or is terminated as a result of the Grantees resignation for “Good ReasonCause” (as defined in the Employment Agreement), nothing in this Award Agreement shall limit the right of the Corporation or any of its Affiliates to terminate the Grantee’s service as a director, advisory director, employee or advisor, or otherwise impose upon the Corporation or any of its Affiliates any obligation to employ or accept the services of the Grantee.

Appears in 1 contract

Samples: Employment Agreement (First Pactrust Bancorp Inc)

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Grantee Service. Subject to Grantee’s right, under Section 10(a) of the Employment Agreement, to be appointed as an advisor of the Corporation and to Continue continue serving as an advisor of the Corporation until all of the Shares have Vested in full in the event that Grantee’s employment is terminated by the Corporation without “Cause” (as defined in the Employment Agreement) or is terminated as a result of the Grantees Grantee’s resignation for “Good Reason” (as defined in the Employment Agreement), nothing in this Award Agreement shall limit the right of the Corporation or any of its Affiliates to terminate the Grantee’s service as a director, advisory director, employee or advisor, or otherwise impose upon the Corporation or any of its Affiliates any obligation to employ or accept the services of the Grantee.

Appears in 1 contract

Samples: Employment Agreement (First Pactrust Bancorp Inc)

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