Common use of Non-Compensated Termination Clause in Contracts

Non-Compensated Termination. For the avoidance of doubt, none of the following events shall result in any payment to the Executive for a Compensated Termination under Section 4(a): (i) The termination of employment by the Executive without Good Reason; (ii) The termination of the Executive’s employment for Cause by the Bank or its successor in a Reorganization; (iii) The termination of the Executive’s employment Without Cause by the Bank or its successor in a Reorganization, (1) prior to the date which is the earliest to occur of the following three dates, as applicable: (A) twelve (12) months prior to the execution of a definitive agreement regarding a Reorganization of the Bank or (B) if a Reorganization has been mandated by federal statute, rule, regulation or directive, twelve (12) months prior to the effective date of such Reorganization or (C) twelve (12) months prior to the adoption of a plan or proposal for the liquidation or dissolution of the Bank, or (2) more than twenty-four (24) months after the effective date of a Reorganization; (iv) The termination of the Executive’s employment by the Bank or its successor in a Reorganization for Disability; (v) The death of the Executive; or (vi) The Retirement of the Executive.

Non-Compensated Termination. For the avoidance of doubt, none of the following events shall result in any payment to the Executive for a Compensated Termination under Section 4(a):) of this Agreement: (i) The termination of employment by the Executive without Good Reason; (ii) The termination of the Executive’s employment for Cause by the Bank (or its successor in a ReorganizationChange in Control); (iii) The termination of the Executive’s employment Without without Cause by the Bank (or its successor in a Reorganization, Change in Control) — (1) prior to the date which is the earliest to occur of the following three dates, as applicable: : (A) twelve (12) months prior to the execution of a definitive agreement regarding a Reorganization Change of Control of the Bank or Bank, or (B) if a Reorganization Change of Control has been mandated by federal statute, rule, regulation or directive, twelve (12) months prior to the effective date of such Reorganization or Change of Control, or (C) twelve (12) months prior to the adoption of a plan or proposal for the liquidation or dissolution of the Bank, or or (2) more than twenty-four (24) months after the effective date of a ReorganizationChange of Control; (iv) The termination of the Executive’s employment by the Bank (or its successor in a Reorganization Change of Control) for Disability; (v) The death of the Executive; or (vi) The Retirement of the Executive, if the Executive has delivered written notice to the Bank, before the commencement of the time period described in Section 2(c)(iii), of the Executive’s intention to retire.

Non-Compensated Termination. For the avoidance of doubt, none of the following events shall result in any payment to the Executive for a Compensated Termination under Section 4(a4 (a): (i) The termination of employment by the Executive without Good Reason; (ii) The termination of the Executive’s employment for Cause by the Bank or its successor in a Reorganization; (iii) The termination of the Executive’s employment Without Cause by the Bank or its successor in a Reorganization, (1) prior to the date which is the earliest to occur of the following three dates, as applicable: (A) twelve (12) months prior to the execution of a definitive agreement regarding a Reorganization of the Bank or (B) if a Reorganization has been mandated by federal statute, rule, regulation or directive, twelve (12) months prior to the effective date of such Reorganization or (C) twelve (12) months prior to the adoption of a plan or proposal for the liquidation or dissolution of the Bank, or (2) more than twenty-four twenty -four (24) months after the effective date of a Reorganization; (iv) The termination of the Executive’s employment by the Bank or its successor in a Reorganization for Disability; (v) The death of the Executive; or (vi) The Retirement of the Executive, if the Executive has delivered written notice to the Bank, before the commencement of the time period described in Section 2(c)(iii), of his intention to retire.

Non-Compensated Termination. For the avoidance of doubt, none of the following events shall result in any payment to the Executive for a Compensated Termination under Section 4(a): (i) The termination of employment by the Executive without Good Reason; (ii) The termination of the Executive’s 's employment for Cause by the Bank or its successor in a Reorganization; (iii) The termination of the Executive’s 's employment Without Cause by the Bank or its successor in a Reorganization, (1) prior to the date which is the earliest to occur of the following three dates, as applicable: (A) twelve (12) months prior to the execution of a definitive agreement regarding a Reorganization of the Bank or (B) if a Reorganization has been mandated by federal statute, rule, regulation or directive, twelve (12) months prior to the effective date of such Reorganization or (C) twelve (12) months prior to the adoption of a plan or proposal for the liquidation or dissolution of the Bank, or (2) more than twenty-four (24) months after the effective date of a Reorganization; (iv) The termination of the Executive’s 's employment by the Bank or its successor in a Reorganization for Disability; (v) The death of the Executive; or (vi) The Retirement of the Executive, if the Executive has delivered written notice to the Bank, before the commencement of the time period described in Section 2(c)(iii), of his intention to retire.

Non-Compensated Termination. For the avoidance of doubt, none of the following events shall result in any payment to the Executive for a Compensated Termination under Section 4(a): (i) The termination of employment by the Executive without Good Reason; (ii) The termination of the Executive’s employment for Cause by the Bank or its successor in a Reorganization; (iii) The termination of the Executive’s employment Without Cause by the Bank or its successor in a Reorganization, (1) prior to the date which is the earliest to occur of the following three dates, as applicable: (A) twelve (12) months prior to the execution of a definitive agreement regarding a Reorganization of the Bank or (B) if a Reorganization has been mandated by federal statute, rule, regulation or directive, twelve (12) months prior to the effective date of such Reorganization or (C) twelve (12) months prior to the adoption of a plan or proposal for the liquidation or dissolution of the Bank, or (2) more than twenty-four (24) months after the effective date of a Reorganization; (iv) The termination of the Executive’s employment by the Bank or its successor in a Reorganization for Disability; (v) The death of the Executive; or (vi) The Retirement of the Executive, if the Executive has delivered written notice to the Bank, before the commencement of the time period described in Section 2(c)(iii) above, of his intention to retire.

Non-Compensated Termination. For the avoidance of doubt, none of the following events shall result in any payment to the Executive for a Compensated Termination under Section 4(a): (i) The termination of employment by the Executive without Good Reason; (ii) The termination of the Executive’s employment for Cause by the Bank or its successor in a Reorganization; (iii) The termination of the Executive’s employment Without Cause by the Bank or its successor in a Reorganization, (1) prior to the date which is the earliest to occur of the following three dates, as applicable: (A) twelve (12) months prior to the execution of a definitive agreement regarding a Reorganization of the Bank or (B) if a Reorganization has been mandated by federal statute, rule, regulation or directive, twelve (12) months prior to the effective date of such Reorganization or (C) twelve (12) months prior to the adoption of a plan or proposal for the liquidation or dissolution of the Bank, or (2) more than twenty-four (24) months after the effective date of a Reorganization; (iv) The termination of the Executive’s employment by the Bank or its successor in a Reorganization for Disability; (v) The death of the Executive; or (vi) The Retirement of the Executive, if the Executive has delivered written notice to the Bank, before the commencement of the time period described in Section 2(c)(iii), of his intention to retire.