Other Termination By Bank. If the Bank terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then the Bank will pay Executive a lump sum payment equal to the greater of (i) one-half (0.5 times) Executive's Compensation, or (ii) the Compensation to which Executive would have otherwise been entitled for the remainder of the Term.
Appears in 4 contracts
Samples: Employment Agreement (Pacific Continental Corp), Employment Agreement (Pacific Continental Corp), Employment Agreement (Pacific Continental Corp)
Other Termination By Bank. If the Bank terminates Executive's ’s employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then contingent upon Executive’s execution of a release of any and all claims arising out of such termination or his employment, the Bank will pay Executive a lump sum payment equal to the greater lesser of (i) one-half (0.5 times) one times Executive's Compensation, ’s annual base salary at the time of termination or (ii) the Compensation amount of salary remaining to which Executive would have otherwise been entitled for be paid under the remainder term of the Termthis Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Glacier Bancorp Inc), Employment Agreement (Glacier Bancorp Inc), Employment Agreement (Glacier Bancorp Inc)
Other Termination By Bank. If the Bank terminates Executive's ’s employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then contingent upon Executive’s execution of a release of any and all claims arising out of such termination of his employment, the Bank will pay Executive a lump sum payment equal to the greater amount of (i) one-half (0.5 times) Executive's Compensation, or (ii) the Compensation Base Salary remaining to which Executive would have otherwise been entitled for the remainder of be paid during the Term, plus all compensation and benefits earned and expenses reimbursable through the date of termination, plus the remaining SERP Benefit payable annually.
Appears in 3 contracts
Samples: Merger Agreement (Jefferson Bancshares Inc), Merger Agreement (HomeTrust Bancshares, Inc.), Employment Agreement (HomeTrust Bancshares, Inc.)
Other Termination By Bank. If the Bank terminates Executive's ’s employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then contingent upon Executive’s execution of a release of any and all claims arising out of such termination or his employment, the Bank will pay Executive a lump sum payment equal to the greater lesser of (i) one-half (0.5 times) one times Executive's Compensation, ’s annual base salary at the time of termination or (ii) the Compensation amount of salary remaining to which Executive would have otherwise been entitled for be paid under the remainder Term of the Termthis Agreement.
Appears in 3 contracts
Samples: Employment Agreement (Glacier Bancorp Inc), Employment Agreement (Glacier Bancorp Inc), Employment Agreement (Glacier Bancorp Inc)
Other Termination By Bank. If the Bank terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then the Bank will pay Executive a lump sum payment equal to the greater of (i) one-half (0.5 times) one times Executive's Compensation, or (ii) annual base salary at the Compensation to which Executive would have otherwise been entitled for the remainder time of the Termtermination.
Appears in 3 contracts
Samples: Employment Agreement (Glacier Bancorp Inc), Employment Agreement (Glacier Bancorp Inc), Employment Agreement (Glacier Bancorp Inc)
Other Termination By Bank. If the Bank terminates Executive's ’s employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then contingent upon Executive’s execution of a release of any and all claims arising out of such termination of his employment, the Bank will pay Executive a lump sum payment equal to the greater amount of (i) one-half (0.5 times) Executive's Compensation, or (ii) the Compensation Base Salary remaining to which Executive would have otherwise been entitled for the remainder of be paid during the Term, plus all compensation and benefits earned and expenses reimbursable through the date of termination.
Appears in 2 contracts
Samples: Merger Agreement (Jefferson Bancshares Inc), Merger Agreement (HomeTrust Bancshares, Inc.)
Other Termination By Bank. If the Bank terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then the Bank will pay Executive a lump sum payment equal to the greater of (i) one-half (0.5 times) one times Executive's Compensationannual base salary at the time of termination (the "Termination Payment"); provided, or however, that if within six months following such termination of employment a Change in Control (iidefined below) the Compensation to which Executive would have otherwise been entitled for the remainder of the TermBank is announced or required by law to be announced, then upon consummation of such Change in Control, Executive shall receive the Change in Control Payment (defined below) less the amount of any Termination Payment already received.
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Other Termination By Bank. If the Bank terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then the Bank will pay Executive a lump sum payment equal to the greater of (i) one-half (0.5 times) Executive's Compensation, or (ii) the Compensation to which Executive would have otherwise been entitled for the remainder of the Term.
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Other Termination By Bank. If the Bank terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his her employment for Good ReasonReason (defined below), then the Bank will pay Executive a lump sum payment equal to the greater of (i) one-half (0.5 times) Executive's Compensation, or (ii) the Compensation to which Executive would have otherwise been entitled for the remainder of the TermTerm the compensation and other benefits she would have been entitled to if her employment had not terminated.
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Other Termination By Bank. If the Bank terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good ReasonReason (defined below), then the Bank will pay Executive a lump sum payment equal to the greater of (i) one-half (0.5 times) Executive's Compensation, or (ii) the Compensation to which Executive would have otherwise been entitled for the remainder of the TermTerm the compensation and other benefits he would have been entitled to if his employment had not terminated.
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Other Termination By Bank. If the Bank terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good ReasonReason (defined below), then the Bank will pay Executive a lump sum payment equal to the greater of (i) one-half (0.5 times) one times Executive's Compensation, or (ii) annual base salary at the Compensation to which Executive would have otherwise been entitled for the remainder time of the Termtermination.
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Other Termination By Bank. If the Bank terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason, then contingent upon Executive's execution of a release of any and all claims arising out of such termination or his employment, the Bank will pay Executive a lump sum payment equal to the greater of (i) one-half (0.5 times) one times Executive's Compensation, or (ii) annual base salary at the Compensation to which Executive would have otherwise been entitled for the remainder time of the Termtermination.
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