Involuntary Termination with Cause. The Employer may terminate the Executive’s employment with Cause. If the Executive’s employment terminates with 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 –
Appears in 10 contracts
Samples: Employment Agreement (Carolina Bank Holdings Inc), Employment Agreement (Carolina Bank Holdings Inc), Merger Agreement (1st Financial Services CORP)
Involuntary Termination with Cause. The Employer may terminate the Executive’s employment with Cause. If the Executive’s employment terminates with 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. If the Executive is terminated with Cause by either of the Corporation or the Bank, the Executive shall be deemed also to have been terminated with Cause by the other. For purposes of this Agreement “Cause” means any of the following –
Appears in 7 contracts
Samples: Employment Agreement (Oak Ridge Financial Services, Inc.), Employment Agreement (Oak Ridge Financial Services, Inc.), Employment Agreement (Tidelands Bancshares Inc)
Involuntary Termination with Cause. The Employer may terminate the Executive’s employment with Cause. If the Executive’s employment terminates with Cause, the Executive shall receive the Base Salary salary to which the Executive was entitled through the date on which termination becomes became effective and reimbursement of expenses any other benefits to which the Executive is may be entitled when under Employer’s benefit plans and policies in effect on the termination becomes effectivedate. For purposes of this Agreement “Cause” means any of the following –
Appears in 2 contracts
Samples: Employment Agreement (Crescent Financial Corp), Employment Agreement (Crescent Financial Corp)
Involuntary Termination with Cause. The Employer Bank may terminate the Executive’s employment with “Cause” (as defined below). If the Executive’s employment terminates with 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 –termination
Appears in 2 contracts
Samples: Employment Agreement (SOUTH STATE Corp), Employment Agreement (SOUTH STATE Corp)
Involuntary Termination with Cause. The Employer Bank may terminate the Executive’s employment with “Cause” (as defined below). If the Executive’s employment terminates with 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 The Executive shall not be deemed to have been terminated with Cause under this Agreement “Cause” means any unless and until there is delivered to the Executive a copy of a resolution adopted at a meeting of the following –Board of Directors called
Appears in 1 contract
Involuntary Termination with Cause. The Employer Bank may terminate the Executive’s employment with “Cause” (as defined below). If the Executive’s employment terminates with 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 –when
Appears in 1 contract
Involuntary Termination with Cause. The Employer may terminate the Executive’s employment with Cause. If the Executive’s employment is terminated with Cause by either of the Corporation or the Bank, the Executive’s employment with the other shall also terminate at the same time. If the Executive’s employment terminates with 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
Involuntary Termination with Cause. The Employer may terminate the Executive’s employment with Cause. If the Executive’s employment terminates with 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. If the Executive is terminated with Cause by either of the Corporation or the Bank, the Executive shall be deemed also to have been terminated with Cause by the other. For purposes of this Agreement “Cause” means any of the following –—
Appears in 1 contract
Involuntary Termination with Cause. The Employer may terminate the Executive’s employment with Cause. If the Executive’s employment terminates with 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 –If the
Appears in 1 contract
Samples: Employment Agreement (Oak Ridge Financial Services, Inc.)
Involuntary Termination with Cause. The Employer may terminate the Executive’s employment with Cause. If the Executive’s employment is terminated with Cause by either of the Corporation or the Bank, the Executive’s employment with the other shall also terminate at the same time. If the Executive’s employment terminates with 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
Involuntary Termination with Cause. The Employer may terminate the Executive’s employment with Cause. If the Executive’s employment terminates with 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 –
Appears in 1 contract
Samples: Employment Agreement (BNC Bancorp)