Involuntary Termination Without Cause or Voluntary Termination for Good Reason. If the Executive's employment is involuntarily terminated without Cause (as described in Section 3.3 of this Agreement), or voluntarily terminated for Good Reason, the Executive shall vest 100% in all deferral balances derived from Executive Retirement/Retention Awards granted under this Agreement. The payment of such amounts shall be determined by the terms of the Plan.
Appears in 3 contracts
Samples: Executive Retirement/Retention Participation Agreement (First Northern Community Bancorp), Executive Retirement/Retention Participation Agreement (First Northern Community Bancorp), Executive Retirement/Retention Participation Agreement (First Northern Community Bancorp)
Involuntary Termination Without Cause or Voluntary Termination for Good Reason. If the Executive's ’s employment is involuntarily terminated without Cause (as described in Section 3.3 of this Agreement), or voluntarily terminated for Good Reason, the Executive shall vest 100% in all deferral balances derived from Executive Retirement/Retention Awards granted under this Agreement. The payment of such amounts shall be determined by the terms of the Plan.
Appears in 1 contract
Samples: Executive Retirement/Retention Participation Agreement (First Northern Community Bancorp)
