Common use of No Effect on Employee Benefit Plans or Programs Clause in Contracts

No Effect on Employee Benefit Plans or Programs. The termination of Executive's employment during the term of this Agreement or thereafter, whether by the Company or by Executive, shall have no effect on the rights and obligations of the parties hereto under the Company's or Bank's qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long-term disability insurance plans or such other employee benefit plans or programs, or compensation plans or programs, as may be maintained by, or cover employees of, the Company or the Bank from time to time. Except as otherwise provided under this Agreement, the Executive's rights under such plans and programs shall be determined under the governing documents of such plans and programs.

Appears in 3 contracts

Samples: Employment Agreement (Slades Ferry Bancorp), Employment Agreement (Slades Ferry Bancorp), Employment Agreement (Slades Ferry Bancorp)

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No Effect on Employee Benefit Plans or Programs. The termination of Executive's ’s employment during the term of this Agreement or thereafter, whether by the Company Bank or by Executive, shall have no effect on the rights and obligations of the parties hereto under the Company's or Bank's ’s qualified or non-qualified retirement, pension, savings, thrift, or profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long-term disability insurance plans or such other employee benefit plans or programs, or compensation plans or programs, as may be maintained by, or cover employees of, the Company or the Bank from time to time. Except as otherwise provided under this Agreement, the Executive's ’s rights under such plans and programs shall be determined under the governing documents of such plans and programs.

Appears in 3 contracts

Samples: Employment Agreement (Beverly Financial, Inc.), Employment Agreement (CMS Bancorp, Inc.), Employment Agreement (CMS Bancorp, Inc.)

No Effect on Employee Benefit Plans or Programs. The termination of the Executive's ’s employment during the term of this Agreement or thereafter, whether by the Company Company, the Bank or by the Executive, shall have no effect on the rights and obligations of the parties hereto under the Bank’s and Company's or Bank's ’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long-long term disability insurance plans or such other employee benefit plans or programs, or compensation plans or programs, as may be maintained by, or cover employees of, the Company Bank or the Bank Company from time to time. Except as otherwise provided under this Agreement, the Executive's rights under such plans and programs shall be determined under the governing documents of such plans and programs.

Appears in 2 contracts

Samples: Employment Agreement (State Bancorp Inc), Employment Agreement (State Bancorp Inc)

No Effect on Employee Benefit Plans or Programs. The termination of the Executive's ’s employment during the term of this Agreement or thereafter, whether by the Company Bank or by the Executive, shall have no effect on the rights and obligations of the parties hereto under the Company's or Bank's ’s qualified or non-qualified retirement, pension, savings, thrift, or profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long-term disability insurance plans or such other employee benefit plans or programs, or compensation plans or programs, as may be maintained by, or cover employees of, the Company or the Bank from time to time. Except as otherwise provided under this Agreement, the Executive's ’s rights under such plans and programs shall be determined under the governing documents of such plans and programs.

Appears in 2 contracts

Samples: Employment Agreement (CMS Bancorp, Inc.), Employment Agreement (CMS Bancorp, Inc.)

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No Effect on Employee Benefit Plans or Programs. The termination of the Executive's employment during the term of this Agreement or thereafter, whether by the Company Company, the Bank or by the Executive, shall have no effect on the rights and obligations of the parties hereto under the Company's or the Bank's qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long-long term disability insurance plans or such other employee benefit plans or programs, or compensation plans or programs, as may be maintained by, or cover employees of, the Company or the Bank from time to time. Except as otherwise provided under this Agreement, the Executive's rights under such plans and programs shall be determined under the governing documents of such plans and programs.

Appears in 1 contract

Samples: Employment Agreement (Republic Security Financial Corp)

No Effect on Employee Benefit Plans or Programs. The termination of the Executive's employment during the term of this Agreement or thereafter, whether by the Bank, the Company or by the Executive, shall have no effect on the rights and obligations of the parties hereto under the Company's or the Bank's qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long-long term disability insurance plans or such other employee benefit plans or programs, or compensation plans or programs, as may be maintained by, or cover employees of, the Company or the Bank from time to time. Except as otherwise provided under this Agreement, the Executive's rights under such plans and programs shall be determined under the governing documents of such plans and programs.

Appears in 1 contract

Samples: Employment Agreement (Republic Security Financial Corp)

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