Involuntary Separation From Service. In accordance with IRC 409A, the term “Involuntary Separation from Service” shall mean a Separation From Service due to the independent exercise of the unilateral authority of the Bank to terminate the Executive’s services, other than due to the Executive’s implicit or explicit request, where the Executive was willing and able to continue performing services.
Appears in 4 contracts
Samples: Executive Supplemental Compensation Agreement (Pacific Financial Corp), Executive Supplemental Compensation Agreement (Pacific Financial Corp), Executive Supplemental Compensation Agreement (Pacific Financial Corp)
Involuntary Separation From Service. In accordance with IRC 409A, the term “Involuntary Separation from Service” shall mean a Separation From from Service due to the independent exercise of the unilateral authority of the Bank Employer to terminate the Executive’s services, other than due to the Executive’s implicit or explicit request, where the Executive was willing and able to continue performing services.
Appears in 2 contracts
Samples: Executive Supplemental Compensation Agreement (Columbia Banking System Inc), Executive Supplemental Compensation Agreement (Columbia Banking System Inc)
Involuntary Separation From Service. In accordance with IRC 409A, the term “Involuntary Separation from Service” shall mean a Separation From from Service due to the independent exercise of the unilateral authority of the Bank to terminate the Executive’s services, other than due to the Executive’s implicit or explicit request, where the Executive was willing and able to continue performing services.
Appears in 1 contract
Samples: Salary Continuation Agreement (Santa Lucia Bancorp)
Involuntary Separation From Service. In accordance with IRC 409A, the term “"Involuntary Separation from Service” " shall mean a Separation From from Service due to the independent exercise of the unilateral authority of the Bank to terminate the Executive’s 's services, other than due to the Executive’s 's implicit or explicit request, where the Executive was willing and able to continue performing services.
Appears in 1 contract
Samples: Executive Supplemental Compensation Agreement (Columbia Banking System, Inc.)
Involuntary Separation From Service. In accordance with IRC 409A, the term “Involuntary Separation from From Service” shall mean a Separation From Service due to the independent exercise of the unilateral authority of the Bank to terminate the Executive’s services, other than due to the Executive’s implicit or explicit request, where the Executive was willing and able to continue performing services.
Appears in 1 contract
Samples: Santa Lucia Bank Salary Continuation Agreement (Santa Lucia Bancorp)
Involuntary Separation From Service. In accordance with IRC 409A, the term “Involuntary Separation from Service” shall mean a Separation From from Service due to the independent exercise of the unilateral authority of the Bank to terminate the Executive’s services, other than due to the Executive’s implicit or explicit request, where the Executive was willing and able to continue performing services.
Appears in 1 contract
Samples: Supplemental Compensation Agreement (Columbia Banking System Inc)
