Common use of Nature of Employment and Obligations Clause in Contracts

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers and the Executive, and the Employers may terminate the Executive's employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 40 contracts

Samples: Change in Control Agreement (Emclaire Financial Corp), Change in Control Agreement (Provident Financial Services Inc), Change in Control Agreement (Provident Financial Services Inc)

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Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers and the Executive, and the Employers may terminate the Executive's ’s employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 33 contracts

Samples: Change in Control Agreement (Emclaire Financial Corp), Change in Control Agreement (Emclaire Financial Corp), Change in Control Severance Agreement (Silvergate Capital Corp)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Employer and the ExecutiveOfficer, and the Employers Employer may terminate the ExecutiveOfficer's employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 6 contracts

Samples: Change in Control Severance Agreement (Willow Grove Bancorp Inc/New), Change in Control Severance Agreement (Independence Community Bank Corp), Control Severance Agreement (Willow Grove Bancorp Inc/New)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers and the Executive, and the Employers may, subject to such other arrangements as may exist between the Employers and the Executive, terminate the Executive's employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 5 contracts

Samples: Agreement (F&m Bancorp), Agreement (F&m Bancorp), Agreement (F&m Bancorp)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers and the Executive, and the Employers may terminate the Executive's ’s employment at any time, subject to providing providing: (i) any payments specified herein in accordance with the terms hereof, or (ii) any payments and benefits required under any other agreement to which Executive is a party.

Appears in 5 contracts

Samples: Change in Control Agreement (Provident Financial Services Inc), Change in Control Agreement (Provident Financial Services Inc), Change in Control Agreement (Provident Financial Services Inc)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Bank and the Executive, and the Employers Bank may terminate the Executive's ’s employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 4 contracts

Samples: Change in Control Agreement (NB Bancorp, Inc.), Change in Control Agreement (NB Bancorp, Inc.), Change in Control Agreement (Home Federal Bancorp, Inc. Of Louisiana)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Employer and the ExecutiveOfficer, and the Employers Employer may terminate the Executive's Officer’s employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 4 contracts

Samples: Change in Control Severance Agreement (Willow Financial Bancorp, Inc.), Change in Control Severance Agreement (Sterling Banks, Inc.), Control Severance Agreement (Willow Financial Bancorp, Inc.)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Corporation and the Executive, and the Employers Corporation may terminate the Executive's employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 4 contracts

Samples: Agreement (First Keystone Financial Inc), Agreement (First Keystone Financial Inc), Agreement (First Keystone Financial Inc)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Employer and the Executive, and the Employers Employer may terminate the Executive's employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 3 contracts

Samples: Change in Control Agreement (Newalliance Bancshares Inc), Control Severance Agreement (Parkvale Financial Corp), Severance Agreement (Peoples Community Bancorp Inc /De/)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Employer and the Executive, and the Employers Employer may terminate the Executive's ’s employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 3 contracts

Samples: Two Year Change in Control Agreement (Newalliance Bancshares Inc), Control Severance Agreement (Parkvale Financial Corp), Two Year Change in Control Agreement (Newalliance Bancshares Inc)

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Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Bank and the Executive, and the Employers Bank may terminate the Executive's employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 2 contracts

Samples: Control Severance Agreement (Laurel Capital Group Inc), Control Agreement (CCSB Financial Corp)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will at-Will employment relationship between the Employers and the Executive, and the Employers may terminate the Executive's employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 2 contracts

Samples: Control Severance Agreement (Parkvale Financial Corp), Control Severance Agreement (Parkvale Financial Corp)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Corporation and the Executive, and the Employers Corporation may terminate the Executive's ’s employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 2 contracts

Samples: And Restated Agreement (First Keystone Financial Inc), And Restated Agreement (First Keystone Financial Inc)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create other than a terminable at will employment relationship between the Employers Bank and the Executive, and the Employers Bank may terminate the Executive's employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 1 contract

Samples: Control Agreement (Georgetown Bancorp, Inc.)

Nature of Employment and Obligations. (a) Nothing contained herein shall be deemed to create any relationship other than a terminable at will employment relationship between the Employers Employer and the Executive, and the Employers Employer may terminate the Executive's ’s employment at any time, subject to providing any payments specified herein in accordance with the terms hereof.

Appears in 1 contract

Samples: Change in Control Agreement (Capitalsource Inc)

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