Other Termination by Employer. Employer may, at its election and in its sole discretion, terminate this Agreement for no cause, by giving thirty (30) days’ prior written notice of termination to Employee, without prejudice to any other remedy to which Employer may be entitled either at law, in equity or under this Agreement; and Employer may give sixty (60) days’ prior written notice of non-renewal of this Agreement pursuant to Paragraph 1 above. Upon such termination or non-renewal, Employee shall be entitled to receive any employment benefits which shall have accrued prior to such termination and the severance pay specified in Paragraph 12(d) below. If Employer terminates Employee in breach of this Agreement, Employee’s damages shall be limited to payment of the severance in Paragraph 12(d).
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Samples: Employment Agreement (North Valley Bancorp), Employment Agreement (North Valley Bancorp), Employment Agreement (North Valley Bancorp)
Other Termination by Employer. Employer may, at its election and in its sole discretion, terminate this Agreement for no cause, by giving thirty (30) days’ prior written notice of termination to Employee, without prejudice to any other remedy to which Employer may be entitled either at law, in equity or under this Agreement; and Employer may give sixty (60) days’ prior written notice of non-renewal of this Agreement pursuant to Paragraph 1 above. Upon such termination or non-renewal, Employee shall be entitled to receive any employment benefits which shall have accrued prior to such termination and the severance pay specified in Paragraph 12(d) below. If Employer terminates Employee in breach of this Agreement, Employee’s damages shall be limited to payment of the severance in Paragraph 12(d).. Employment Agreement
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