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 Savings Bank and the Executive, and the Savings 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 4 contracts

Samples: Agreement (First Keystone Financial Inc), Agreement (First Keystone Financial Inc), Agreement (First Keystone Financial 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 Savings Bank and the Executive, and the Savings 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 2 contracts

Samples: Change in Control Agreement (Georgetown Bancorp, Inc.), Change in Control Agreement (Georgetown 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 Savings Bank and the Executive, and the Savings 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 2 contracts

Samples: First Keystone Bank (First Keystone Financial Inc), Amended and Restated Agreement (First Keystone Financial 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 Savings Bank and the Executive, and the Savings 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 1 contract

Samples: Change in Control Agreement (Georgetown Bancorp, Inc.)

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