Common use of Notice of Termination of Agreement Clause in Contracts

Notice of Termination of Agreement. Either Executive or Employer may give written notice to the other of such party's election to terminate this Agreement on the third anniversary (the "Termination Date") of the date such notice is delivered to such other party. In such event, this Agreement will continue in effect until the Termination Date, and shall thereafter be of no force or effect, except (i) for the provisions of Sections 4 (Restrictive Covenants), 5 (Unauthorized Disclosure), 6 (Injunctive Relief) and 12 (Miscellaneous) hereof, and (ii) with respect to any payments or benefits to which Executive is entitled hereunder as of the Termination Date.

Appears in 3 contracts

Samples: Employment Agreement (First National Bankshares of Florida Inc), Employment Agreement (First National Bankshares of Florida Inc), Employment Agreement (First National Bankshares of Florida Inc)

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Notice of Termination of Agreement. Either Executive or Employer the Company may give written notice to the other of such party's election to terminate this Agreement on the third anniversary (the "Termination Date") of the date such notice is delivered to such other party. In such event, this Agreement will continue in effect until the Termination Date, and shall thereafter be of no force or effect, except (i) for the provisions of Sections 4 (Restrictive Covenants), 5 (Unauthorized Disclosure), 6 (Injunctive Relief) and 12 (Miscellaneous) hereof, and (ii) with respect to any payments or benefits to which Executive is entitled hereunder as of the Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (First National Bankshares of Florida Inc), Employment Agreement (First National Bankshares of Florida Inc)

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