Common use of Notice; Effective Date of Termination Clause in Contracts

Notice; Effective Date of Termination. Any Notice of Termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 17. For purposes of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; (iv) thirty (30) days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 10 contracts

Samples: Employment Agreement (Pathfinder Bancorp, Inc.), Employment Agreement (Central Plains Bancshares, Inc.), Employment Agreement (VWF Bancorp, Inc.)

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Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to Executive (on one hand) or Sterling (on the Executive or the Bank, as applicable, other hand) in writing in accordance with Section 1714. For purposes Termination of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will Agreement shall be effective on the earliest of: : (i) immediately after the Bank Sterling gives notice to the Executive of the Executive’s termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Company Board of Directors of termination of the Executive’s employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; death; (iv) in the case of termination by reason of Executive’s Disability, the date on which Executive is determined to be permanently disabled for purposes of Sterling’s long-term disability plan or policy that covers Executive; or (v) thirty (30) days after the Executive gives written notice to the Bank Sterling of the Executive’s resignation from employment under this Agreement (including With for Good Reason), provided that the Company or the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 5 contracts

Samples: Employment Agreement (Sterling Bancorp), Employment Agreement (Sterling Bancorp), Employment Agreement (Sterling Bancorp)

Notice; Effective Date of Termination. Any Notice of Termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 17. For purposes of this Agreement, the term “Date of Termination” as referenced in this Agreement means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; or (iv) thirty (30) 30 days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 5 contracts

Samples: Employment Agreement (Peapack Gladstone Financial Corp), Employment Agreement (Peapack Gladstone Financial Corp), Employment Agreement (CB Financial Services, Inc.)

Notice; Effective Date of Termination. Any Notice of Termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 17. For purposes of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; or (iv) thirty sixty (3060) days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including or the period of time provided for in Section 4(f)(i) for a termination With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 3 contracts

Samples: Employment Agreement (Security Midwest Bancorp, Inc.), Employment Agreement (Security Midwest Bancorp, Inc.), Employment Agreement (Security Midwest Bancorp, Inc.)

Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to the Executive (on one hand) or the Bank, as applicable, Company (on the other hand) in writing in accordance with Section 1714. For purposes The date of this Agreement, the term “Date termination of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will Agreement (the “Termination Date”) shall be effective on the earliest of: : (i) immediately after the Bank Company gives notice to the Executive of the Executive’s termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; death; (iv) in the case of termination by reason of Executive’s Disability, the date on which Executive is determined to be permanently disabled for purposes of the Company’s long-term disability plan or policy that covers Executive or as defined herein; or (v) thirty (30) days after the Executive gives written notice to the Bank Company of the Executive’s resignation from employment under this Agreement (including With for Good Reason), provided that the Bank Company in its sole discretion may set an earlier termination date Termination Date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 3 contracts

Samples: Employment Agreement (Ampio Pharmaceuticals, Inc.), Employment Agreement (Ampio Pharmaceuticals, Inc.), Employment Agreement (Ampio Pharmaceuticals, Inc.)

Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to the Executive (on one hand) or the Bank, as applicable, Company (on the other hand) in writing in accordance with Section 1713. For purposes Termination of this Agreement, the term “Date of Termination” means the Executive’s termination of 's employment pursuant to this Agreement, which will Agreement shall be effective on the earliest of: : (i) immediately after the Bank Provident gives notice to the Executive of the Executive’s 's termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s 's employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; 's death; (iv) in the case of termination by reason of Executive's Disability, the date on which Executive is determined to be permanently disabled for purposes of Provident's long-term disability plan or policy that covers Executive; or (v) thirty (30) days after the Executive gives written notice to the Bank Provident of the Executive’s 's resignation from employment under this Agreement (including With for Good Reason), provided that the Company or the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s 's resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 3 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

Notice; Effective Date of Termination. Any Notice of Termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 17. For purposes of this Agreement, the term “Date of Termination” as referenced in this Agreement means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; (iv) thirty (30) 30 days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i4(e)(i).

Appears in 2 contracts

Samples: Employment Agreement (Marathon Bancorp, Inc. /MD/), Employment Agreement (Marathon Bancorp, Inc. /MD/)

Notice; Effective Date of Termination. Any Notice of Termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 1718. For purposes of this Agreement, the term “Date of Termination” as referenced in this Agreement means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; (iv) thirty (30) 30 days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i4(e)(i).

Appears in 2 contracts

Samples: Employment Agreement (Bogota Financial Corp.), Employment Agreement (Bogota Financial Corp.)

Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to the Executive (on one hand) or the Bank, as applicable, Company (on the other hand) in writing in accordance with Section 1713. For purposes Termination of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will Agreement shall be effective on the earliest of: : (i) immediately after the Bank Provident gives notice to the Executive of the Executive’s termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; death; (iv) in the case of termination by reason of Executive’s Disability, the date on which Executive is determined to be permanently disabled for purposes of Provident’s long-term disability plan or policy that covers Executive; or (v) thirty (30) days after the Executive gives written notice to the Bank Provident of the Executive’s resignation from employment under this Agreement (including With for Good Reason), provided that the Company or the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 2 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

Notice; Effective Date of Termination. Any Notice of Termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 1719. For purposes of this Agreement, the term “Date of Termination” as referenced in this Agreement means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; (iv) thirty (30) 30 days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i4(e)(i).

Appears in 2 contracts

Samples: Employment Agreement (Bogota Financial Corp.), Employment Agreement (Bogota Financial Corp.)

Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to the Executive (on one hand) or the Bank, as applicable, Company (on the other hand) in writing in accordance with Section 1714. For purposes Termination of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will Agreement (the “Termination Date”) shall be effective on the earliest of: : (i) immediately after the Bank Company gives notice to the Executive of the Executive’s termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; death; (iv) in the case of termination by reason of Executive’s Disability, the date on which Executive is determined to be permanently disabled for purposes of the Company’s long-term disability plan or policy that covers Executive; or (v) thirty (30) days after the Executive gives written notice to the Bank Company of the Executive’s resignation from employment (including With Good Reason)under this Agreement, provided that the Bank Company may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 1 contract

Samples: Employment Agreement (Insys Therapeutics, Inc.)

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Notice; Effective Date of Termination. Any Notice of Termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 17. For purposes of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; (iv) thirty (30) days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date ​ ​ of termination of employment, in which case the Executive’s resignation shall be effective as of that date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 1 contract

Samples: Employment Agreement (VWF Bancorp, Inc.)

Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to the Executive (on one hand) or the Bank, as applicable, Company (on the other hand) in writing in accordance with Section 1714. For purposes Termination of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will Agreement shall be effective on the earliest of: : (i) immediately after the Bank Provident gives notice to the Executive of the Executive’s termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; death; (iv) in the case of termination by reason of Executive’s Disability, the date on which Executive is determined to be permanently disabled for purposes of Provident’s long-term disability plan or policy that covers Executive; or (v) thirty (30) days after the Executive gives written notice to the Bank Provident of the Executive’s resignation from employment under this Agreement (including With for Good Reason), provided that the Company or the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to Executive (on one hand) or Provident (on the Executive or the Bank, as applicable, other hand) in writing in accordance with Section 1714. For purposes Termination of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will Agreement shall be effective on the earliest of: : (i) immediately after the Bank Provident gives notice to the Executive of the Executive’s termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Company Board of Directors of termination of the Executive’s employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; death; (iv) in the case of termination by reason of Executive’s Disability, the date on which Executive is determined to be permanently disabled for purposes of Provident’s long-term disability plan or policy that covers Executive; or (v) thirty (30) days after the Executive gives written notice to the Bank Provident of the Executive’s resignation from employment under this Agreement (including With for Good Reason), provided that the Company or the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancorp)

Notice; Effective Date of Termination. Any Notice of Termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 1716. For purposes of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; (iv) thirty (30) days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 1 contract

Samples: Employment Agreement (VWF Bancorp, Inc.)

Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to Executive (on one hand) or Provident (on the Executive or the Bank, as applicable, other hand) in writing in accordance with Section 1714. For purposes Termination of this Agreement, the term “Date of Termination” means the Executive’s termination of 's employment pursuant to this Agreement, which will Agreement shall be effective on the earliest of: : (i) immediately after the Bank Provident gives notice to the Executive of the Executive’s 's termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Company Board of Directors of termination of the Executive’s 's employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; 's death; (iv) in the case of termination by reason of Executive's Disability, the date on which Executive is determined to be permanently disabled for purposes of Provident's long-term disability plan or policy that covers Executive; or (v) thirty (30) days after the Executive gives written notice to the Bank Provident of the Executive’s 's resignation from employment under this Agreement (including With for Good Reason), provided that the Company or the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s 's resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancorp)

Notice; Effective Date of Termination. Any Notice of Termination termination of employment under this Agreement must shall be communicated by or to Executive (on one hand) or Provident (on the Executive or the Bank, as applicable, other hand) in writing in accordance with Section 1713. For purposes Termination of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will Agreement shall be effective on the earliest of: : (i) immediately after the Bank Provident gives notice to the Executive of the Executive’s termination Without without Cause, unless the parties agree to a later date, in which case, termination will shall be effective as of such later date; ; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; ; (iii) immediately upon the Executive’s death or Disability; death; (iv) in the case of termination by reason of Executive’s Disability, the date on which Executive is determined to be permanently disabled for purposes of Provident’s long-term disability plan or policy that covers Executive; or (v) thirty (30) days after the Executive gives written notice to the Bank Provident of the Executive’s resignation from employment under this Agreement (including With for Good Reason), provided that the Company or the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that such other date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Notice; Effective Date of Termination. Any Notice notice of Termination termination of employment under this Agreement must be communicated by or to the Executive or the Bank, as applicable, in accordance with Section 17. For purposes of this Agreement, the term “Date of Termination” means the Executive’s termination of employment pursuant to this Agreement, which will be effective on the earliest of: (i) immediately after the Bank gives notice to the Executive of the Executive’s termination Without Cause, unless the parties agree to a later date, in which case, termination will be effective as of such later date; (ii) immediately upon approval by the Board of Directors of termination of the Executive’s employment for Cause; (iii) immediately upon the Executive’s death or Disability; or (iv) thirty (30) days after the Executive gives written notice to the Bank of the Executive’s resignation from employment (including With Good Reason), provided that the Bank may set an earlier termination date at any time prior to the date of termination of employment, in which case the Executive’s resignation shall be effective as of that date; or (v) in the event of the Executive’s termination With Good Reason due to a material reduction in Base Salary, the date on which the Executive provides Notice of Termination in accordance with Section 4(f)(i).

Appears in 1 contract

Samples: Employment Agreement (Texas Community Bancshares, Inc.)

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