Not for Cause. Employee's employment may be terminated by the Company for any reason permitted under applicable law so long as Employee is given thirty (30) days advance written notice (or payment in lieu thereof). In the event of a termination pursuant to this subparagraph, Employee shall be entitled to payment from the Company equivalent to the base salary compensation set forth in this Agreement for the remaining term of the Agreement or severance pay equal to twelve (12) months of base salary payments, whichever is greater.
Appears in 1 contract
Sources: Employment Agreement (South Branch Valley Bancorp Inc)
Not for Cause. Employee's employment may be terminated by ------------- the Company for any reason permitted under applicable law so long as Employee is given thirty (30) days advance written notice (or payment in lieu thereof). In the event of a termination pursuant to this subparagraph, Employee shall be entitled to payment from the Company equivalent to the base salary compensation set forth in this Agreement for the remaining term of the Agreement or severance pay equal to twelve six (126) months of base salary payments, whichever is greater.
Appears in 1 contract
Sources: Employment Agreement (South Branch Valley Bancorp Inc)
Not for Cause. Employee's ’s employment may be terminated by the Company Employer for any reason permitted under applicable law so long as Employee is given thirty (30) days advance written notice (or payment in lieu thereof). In the event of a termination pursuant to this subparagraph, Employee shall be entitled to payment from the Company Employer equivalent to the base salary compensation set forth in this Agreement for the remaining term of the Agreement or severance pay equal to twelve (12) months Agreement, provided Employee does not breach the provisions of base salary payments, whichever is greaterParagraph 6 below.
Appears in 1 contract
Not for Cause. Employee's employment may be terminated by the Company for any reason permitted under applicable law so long as Employee is given thirty (30) days advance written notice (or payment in lieu thereof). In the event of a termination pursuant to this subparagraph, Employee shall be entitled to payment from the Company equivalent to the base salary compensation set forth in this Agreement for the remaining term of the Agreement or severance pay equal to twelve six (126) months of base salary payments, whichever is greater.
Appears in 1 contract
Sources: Employment Agreement (South Branch Valley Bancorp Inc)
Not for Cause. Employee's ’s employment may be terminated by the Company for any reason permitted under applicable law so long as Employee is given thirty (30) days advance written notice (or payment in lieu thereof). In the event of a termination pursuant to this subparagraph, Employee shall be entitled to payment from the Company equivalent to the base salary compensation set forth in this Amended and Restated Agreement for the remaining term of the Agreement or severance pay equal to twelve six (126) months of base salary payments, whichever is greater.
Appears in 1 contract