Common use of Optional Cancellation Clause in Contracts

Optional Cancellation. May permit an Eligible Employee who experiences a Disability as defined in paragraph 2.5 to cancel is Deferred Compensation Election. If the Option is not selected, no cancellation will be required or permitted upon the occurrence of a Disability.

Appears in 3 contracts

Samples: American National Bankshares Inc., C & F Financial Corp, C & F Financial Corp

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Optional Cancellation. May permit an Eligible Employee who experiences a Disability as defined in paragraph 2.5 subparagraph 3.5(b) to cancel is his Deferred Compensation Election. If the this Option is not selected, no cancellation will be required or permitted upon the occurrence of a Disability.

Appears in 1 contract

Samples: Non Qualified Deferred (Atlantic Union Bankshares Corp)

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