Involuntary Termination for Cause. Employer may terminate Executive’s employment for Cause by giving Executive written notice of such termination and the reasons therefor. Executive’s employment shall terminate immediately upon receipt of the notice.
Appears in 7 contracts
Samples: Employment Agreement (Americanwest Bancorporation), Employment Agreement (Americanwest Bancorporation), Employment Agreement (Americanwest Bancorporation)
Involuntary Termination for Cause. Employer may reserves the right to terminate Executive’s 's employment for Cause by giving Cause. Employer shall give Executive written notice of such the termination and the reasons therefor. Executive’s employment The Term of Employment shall terminate immediately upon receipt of the notice.
Appears in 5 contracts
Samples: Employment Agreement (Humboldt Bancorp), Employment Agreement (Humboldt Bancorp), Employment Agreement (Humboldt Bancorp)
Involuntary Termination for Cause. The Employer may terminate the Executive’s employment for Cause by giving Executive written notice of such termination and Cause. If the reasons therefor. Executive’s employment shall terminate immediately upon receipt is terminated for Cause by either of the notice.Corporation or the Bank, the Executive’s employment with the other shall also terminate at the same time. If the Executive’s employment terminates for Cause, the Executive shall receive the Base Salary through the date on which termination becomes effective and reimbursement of expenses to which the Executive is entitled when termination becomes effective. For purposes of this Agreement “Cause” means any of the following occur –
Appears in 3 contracts
Samples: Employment Agreement (Crescent Financial Corp), Employment Agreement (Crescent Financial Corp), Employment Agreement (Crescent Financial Corp)
Involuntary Termination for Cause. The Employer may terminate the Executive’s employment for Cause by giving Executive written notice of such termination and Cause. If the reasons therefor. Executive’s employment shall terminate immediately upon receipt is terminated for Cause by either of the notice.Corporation or the Bank, the Executive’s employment with the other shall also terminate at the same time. If the Executive’s employment terminates for Cause, the Executive shall receive the Base Salary through the date on which termination becomes effective and reimbursement of expenses to which the Executive is entitled when termination becomes effective. For purposes of this Agreement “Cause” means any of the following occur -
Appears in 1 contract
