Common use of Justified Termination Clause in Contracts

Justified Termination. If the Employment Period shall be terminated by Patriot prior to the Termination Date (a) for Cause, (b) as a result of the Executive's resignation, or (c) as a result of the death or permanent disability of the Executive (collectively, a "Justified Termination"), the Executive shall be entitled to receive his compensation through the date of termination and reimbursement of all Reimbursable Expenses incurred by the Executive prior to the termination of the Employment Period. A termination for Cause shall become effective on the date designated by Patriot.

Appears in 7 contracts

Samples: Employment Agreement (Patriot National Bancorp Inc), Employment Agreement (Patriot National Bancorp Inc), Employment Agreement (Patriot National Bancorp Inc)

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Justified Termination. If the Employment Period shall be terminated by Patriot prior to the Termination Date (a) for Cause, (b) as a result of the Executive's resignation, or (c) as a result of the death or permanent disability Permanent Disability of the Executive (collectively, a "Justified Termination"), the Executive shall be entitled to receive only his compensation through the date of termination and reimbursement of all Reimbursable Expenses incurred by the Executive prior to the termination of the Employment Period. A termination for Cause shall become effective on the date designated by Patriot.

Appears in 1 contract

Samples: Employment Agreement (Patriot National Bancorp Inc)

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Justified Termination. If the Employment Period shall be terminated by Patriot prior to the Termination Date (a) for Cause, (b) as a result of the Executive's resignation, or (c) as a result of the death or permanent disability of the Executive (collectively, a "Justified Termination"), the Executive shall be entitled to receive only his compensation through the date of termination and reimbursement of all Reimbursable Expenses incurred by the Executive prior to the termination of the Employment Period. A termination for Cause shall become effective on the date designated by Patriot.

Appears in 1 contract

Samples: Employment Agreement (Patriot National Bancorp Inc)

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