Common use of Other Provisions Relating to Termination Clause in Contracts

Other Provisions Relating to Termination. (a) Notwithstanding the termination of the Executive’s employment pursuant to any provision of this Agreement, the Parties shall be required to carry out any provisions of this Agreement which contemplate performance by them subsequent to such termination. In addition, no termination shall affect any liability or other obligation of either Party which shall have accrued prior to such termination, including, but not limited to, any liability, loss or damage on account of breach, subject to the limitation on damages set forth below. No termination of employment shall terminate the obligation of the Bank to make payments of any vested benefits provided hereunder or the obligations of the Executive under Sections 10, 11, and 12.

Appears in 3 contracts

Samples: Executive Employment Agreement (MainStreet Bancshares, Inc.), Executive Employment Agreement (MainStreet Bancshares, Inc.), Executive Employment Agreement (MainStreet Bancshares, Inc.)

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Other Provisions Relating to Termination. (a) Notwithstanding the termination of the Executive’s employment pursuant to any provision of this Agreement, the Parties shall be required to carry out any provisions of this Agreement which contemplate performance by them subsequent to such termination. In addition, no termination shall affect any liability or other obligation of either Party which shall have accrued prior to such termination, including, but not limited to, any liability, loss loss, or damage on account of breach, subject to the limitation on damages set forth below. No termination of employment shall terminate the obligation of the Bank to make payments of any vested benefits provided hereunder or the obligations of the Executive under Sections 10, 11, and 12.

Appears in 1 contract

Samples: Executive Employment Agreement (MainStreet Bancshares, Inc.)

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Other Provisions Relating to Termination. (a) Notwithstanding the termination of the Executive’s employment pursuant to any provision of this Agreement, the Parties shall be required to carry out any provisions of this Agreement which contemplate performance by them subsequent to such termination. In addition, no termination shall affect any liability or other obligation of either Party which shall have accrued prior to such termination, including, but not limited to, any liability, loss or damage on account of breach, subject to the limitation on damages set forth below. No Except as otherwise provided herein, no termination of employment shall terminate the obligation of the Bank Company to make payments of any vested benefits provided hereunder or the obligations of the Executive under Sections 10, 11, and 12.

Appears in 1 contract

Samples: Executive Employment Agreement (MainStreet Bancshares, Inc.)

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