Minimum Payments. If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Payments, in addition to any payments or benefits to which Executive may be entitled under the following provisions of this Section 6 (other than this Section 6(a)) or the express terms of any employee benefit plan or as required by law. Any payments to be made to Executive pursuant to this Section 6(a) shall be made within thirty (30) days after the Termination Date; provided that any benefits, incentives or awards payable as described in Section 6(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may be otherwise expressly provided to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Employer following the Termination Date for purposes of any employee benefit plan or arrangement in which Executive may participate at such time.
Appears in 17 contracts
Samples: Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.)
Minimum Payments. If the Termination Date occurs during the Employment Period for any reason, the Executive shall be entitled to the Minimum Payments, in addition to any payments or benefits to which the Executive may be entitled under the following provisions of this Section 6 5 (other than this Section 6(a5(a)) or the express terms of any employee benefit plan or as required by law. Any payments to be made to the Executive pursuant to this Section 6(a5(a) shall be made within thirty (30) 30 days after the Termination Date; provided that any benefits, incentives or awards payable as described in Section 6(f(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may be otherwise expressly provided to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Employer Company following the Termination Date for purposes of any employee benefit plan or arrangement in which the Executive may participate at such time.
Appears in 3 contracts
Samples: Employment Agreement (ISB Financial Corp.), Employment Agreement (ISB Financial Corp.), Employment Agreement (ISB Financial Corp.)
Minimum Payments. If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Payments, in addition to any payments or benefits to which Executive may be entitled under the following provisions of this Section 6 5 (other than this Section 6(a5(a)) or the express terms of any employee benefit plan or as required by law. Any payments to be made to Executive pursuant to this Section 6(a5(a) shall be made within thirty (30) days after the Termination Date; provided that any benefits, incentives or awards payable as described in Section 6(f6(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may be otherwise expressly provided to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Employer following the Termination Date for purposes of any employee benefit plan or arrangement in which Executive may participate at such time.
Appears in 2 contracts
Samples: Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.)
Minimum Payments. If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Payments, in addition to any payments or benefits to which Executive may be entitled under the following provisions of this Section 6 5 (other than this Section 6(a5(a)) or the express terms of any employee benefit plan or as required by law. Any payments to be made to Executive pursuant to this Section 6(a5(a) shall be made within thirty (30) days after the Termination Date; provided that any benefits, incentives or awards payable as described in Section 6(f5(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may be otherwise expressly provided to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Employer following the Termination Date for purposes of any employee benefit plan or arrangement in which Executive may participate at such time.
Appears in 2 contracts
Samples: Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.)
Minimum Payments. If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Payments, in addition to any payments or benefits to which Executive may be entitled under the following provisions of this Section 6 (other than this Section 6(a)) or the express terms of any employee benefit plan or as required by law. Any payments to be made to Executive pursuant to this Section 6(a) shall be made within thirty (30) days after the Termination Date; provided that any benefits, incentives or awards payable as described in Section 6(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may be otherwise expressly provided to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Employer Bank following the Termination Date for purposes of any employee benefit plan or arrangement in which Executive may participate at such time.
Appears in 2 contracts
Samples: Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.)
Minimum Payments. If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Payments, in addition to any payments or benefits to which Executive may be entitled under the following provisions of this Section 6 5 (other than this Section 6(a5(a)) or the express terms of any employee benefit plan or as required by law. Any payments to be made to Executive pursuant to this Section 6(a5(a) shall be made within thirty (30) days after the Termination Date; provided that any benefits, incentives or awards payable as described in Section 6(f5(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may be otherwise expressly provided to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Employer following the Termination Date for purposes of any employee benefit plan or arrangement in which Executive may participate at such time.
Appears in 1 contract
Samples: Employment Agreement (Midland States Bancorp, Inc.)
Minimum Payments. If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the Minimum Payments, in addition to any payments or benefits to which Executive may be entitled under the following provisions of this Section 6 (other than this Section 6(a6(a)) or the express terms of any employee benefit plan or as required by law. Any payments to be made to Executive pursuant to this Section 6(a6(a) shall be made within thirty (30) days after the Termination Date; provided that any benefits, incentives or awards payable as described in Section 6(f6(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may be otherwise expressly provided to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring Executive to be treated as employed by the Employer following the Termination Date for purposes of any employee benefit plan or arrangement in which Executive may participate at such time.
Appears in 1 contract
Samples: Employment Agreement (Midland States Bancorp, Inc.)
Minimum Payments. If the Termination Date occurs during the Employment Period for any reason, Executive the Employee shall be entitled to the Minimum Payments, in addition to any payments or benefits to which Executive the Employee may be entitled under the following provisions of this Section 6 (other than this Section 6(a)) or the express terms of any employee benefit plan or as required by law. Any payments to be made to Executive the Employee pursuant to this Section 6(a) shall be made within thirty (30) 30 days after the Termination Date; , provided that any benefits, incentives or awards payable as described in Section 6(f6(g) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may be otherwise expressly provided to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring Executive the Employee to be treated as employed by the Employer Bank following the Termination Date for purposes of any employee benefit plan or arrangement in which Executive the Employee may participate at such time.
Appears in 1 contract