Common use of NO BENEFITS UPON DISCHARGE FOR CAUSE Clause in Contracts

NO BENEFITS UPON DISCHARGE FOR CAUSE. Should the Executive be discharged for Cause in accordance with the procedures set forth in Section 2.6 at any time (before or after his Normal Retirement Date), all Benefits under Part 2 of this Agreement shall be forfeited. If a dispute arises as to discharge for “Cause”, such dispute shall be resolved by arbitration as set forth in Section 3.12 of this Agreement.

Appears in 2 contracts

Samples: Defined Contribution Supplemental Executive Retirement Agreement (Abington Bancorp Inc), Defined Contribution Supplemental Executive Retirement Agreement (Abington Bancorp Inc)

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NO BENEFITS UPON DISCHARGE FOR CAUSE. Should the Executive be discharged for Cause in accordance with the procedures set forth in Section 2.6 2.5 at any time (before or after his Normal Retirement DateAge), all Benefits under Part 2 of this Agreement shall be forfeited. If a dispute arises as to discharge for "Cause", such dispute shall be resolved by arbitration as set forth in Section 3.12 3.10 of this Agreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (First Essex Bancorp Inc)

NO BENEFITS UPON DISCHARGE FOR CAUSE. Should the Executive be discharged for Cause in accordance with the procedures set forth in Section 2.6 at any time (before or after his Normal Retirement Date), all Benefits under Part 2 of this Agreement shall be forfeited. If a dispute arises as to discharge for "Cause", such dispute shall be resolved by arbitration as set forth in Section 3.12 3.11 of this Agreement.

Appears in 1 contract

Samples: Benefit Enhancement Plan (First Essex Bancorp Inc)

NO BENEFITS UPON DISCHARGE FOR CAUSE. Should the Executive be discharged for Cause in accordance with the procedures set forth in Section 2.6 2.7 at any time (before or after his Normal Retirement Date), all Benefits under Part 2 of this Agreement shall be forfeited. If a dispute arises as to discharge for "Cause", such dispute shall be resolved by arbitration as set forth in Section 3.12 of this Agreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Abington Bancorp Inc)

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NO BENEFITS UPON DISCHARGE FOR CAUSE. Should the Executive be discharged for Cause in accordance with the procedures set forth in Section 2.6 2.7 at any time (before or after his Normal Retirement Date), all Benefits under Part 2 of this Agreement shall be forfeited. If a dispute arises as to discharge for “Cause”, such dispute shall be resolved by arbitration as set forth in Section 3.12 of this Agreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Abington Bancorp Inc)

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