Common use of Other Termination Matters Clause in Contracts

Other Termination Matters. As to the Bank's obligations under Paragraph 12, the term "as needed" refers to Mr. Rossell's continuing resxxxxxxx xxxxxs as otherwise uninsured. Should he become employed, and become so insured as a result of his employment, the Bank would, from that moment forward, be released from its related insurance or insurance premium reimbursement obligations. As to the Bank's obligations under 12.1 (iii), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell in 12 consecutixx xxxxxxx installments, as needed by Mr. Rossell, a monthly amounx xxxxx xx the Bank's monthly cost of providing such respective coverage during Mr. Rossell's employment. Xx xx xxx Xxxk's obligations under 12.1 (iv), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell in 12 consecutixx xxxxxxx installments a monthly amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's employment. Uxxxx xx xxxxxmstances will the Bank be under obligation to assign to Mr. Rossell policies, which xx xxxx xxx possess, or which are otherwise non-assignable. As to the Bank's obligations under 12.2 (iii), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell in 18 consecutixx xxxxxxx installments, as needed by Mr. Rossell, a monthly amounx xxxxx xx the Bank's monthly cost of providing such respective coverage during Mr. Rossell's employment. Ax xx xxx Xxxx's obligations under 12.2 (iv), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell in 18 consecutixx xxxxxxx installments a monthly amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's employment. Xxxxx xx xxxxumstances will the Bank be under obligation to assign to Mr. Rossell policies, which xx xxxx xxx possess, or which are otherwise non-assignable. The term "Average Annual Performance Bonus," as used herein, will be calculated as of Mr. Rossell's last date of exxxxxxxxx xxx will mean the higher of (i) Mr. Rossell's annual performxxxx xxxxxxx averaged from the date of this Agreement, or (ii) the average of his three most recent annual performance bonuses.

Other Termination Matters. As to the Bank's obligations under Paragraph 12, the term "as needed" refers to Mr. Rossell's Xx. Xxxxxxx'x continuing resxxxxxxx xxxxxs respective status as otherwise uninsured. Should he become employed, and become so insured as a result of his employment, the Bank would, from that moment forward, be released from its related insurance or insurance premium reimbursement obligations. As to the Bank's obligations under 12.1 (iii), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Xx. Xxxxxxx in 12 consecutixx xxxxxxx consecutive monthly installments, as needed by Mr. RossellXx. Xxxxxxx, a monthly amounx xxxxx xx amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's Xx. Xxxxxxx'x employment. Xx xx xxx XxxkAs to the Bank's obligations under 12.1 (iv), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Xx. Xxxxxxx in 12 consecutixx xxxxxxx consecutive monthly installments a monthly amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's Xx. Xxxxxxx'x employment. Uxxxx xx xxxxxmstances Under no circumstances will the Bank be under obligation to assign to Mr. Rossell policies, which xx xxxx xxx Xx. Xxxxxxx policies that it does not possess, or which are otherwise non-assignable. As to the Bank's obligations under 12.2 (iii), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Xx. Xxxxxxx in 18 consecutixx xxxxxxx consecutive monthly installments, as needed by Mr. RossellXx. Xxxxxxx, a monthly amounx xxxxx xx amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's Xx. Xxxxxxx'x employment. Ax xx xxx XxxxAs to the Bank's obligations under 12.2 (iv), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Xx. Xxxxxxx in 18 consecutixx xxxxxxx consecutive monthly installments a monthly amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's Xx. Xxxxxxx'x employment. Xxxxx xx xxxxumstances Under no circumstances will the Bank be under obligation to assign to Mr. Rossell policies, which xx xxxx xxx Xx. Xxxxxxx policies that it does not possess, or which are otherwise non-assignable. The term "Average Annual Performance Bonus," as used herein, will be calculated as of Mr. Rossell's Xx. Xxxxxxx'x last date of exxxxxxxxx xxx employment and will mean the higher of (i) Mr. Rossell's Xx. Xxxxxxx'x annual performxxxx xxxxxxx performance bonuses averaged from the date of this Agreement, or (ii) the average of his three most recent annual performance bonuses.

Other Termination Matters. As to the Bank's obligations under Paragraph 12, the term "as needed" refers to Mr. Rossell's Xx. Xxxxxxxxxx'x continuing resxxxxxxx xxxxxs respective status as otherwise uninsured. Should he become employed, and become so insured as a result of his employment, the Bank would, from that moment forward, be released from its related insurance or insurance premium reimbursement obligations. As to the Bank's obligations under 12.1 (iii), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Xx. Xxxxxxxxxx in 12 consecutixx xxxxxxx consecutive monthly installments, as needed by Mr. RossellXx. Xxxxxxxxxx, a monthly amounx xxxxx xx amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's Xx. Xxxxxxxxxx'x employment. Xx xx xxx XxxkAs to the Bank's obligations under 12.1 (iv), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Xx. Xxxxxxxxxx in 12 consecutixx xxxxxxx consecutive monthly installments a monthly amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's Xx. Xxxxxxxxxx'x employment. Uxxxx xx xxxxxmstances Under no circumstances will the Bank be under obligation to assign to Mr. Rossell Xx. Xxxxxxxxxx policies, which xx xxxx xxx it does not possess, or which are otherwise non-assignable. As to the Bank's obligations under 12.2 (iii), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Xx. Xxxxxxxxxx in 18 consecutixx xxxxxxx 12 consecutive monthly installments, as needed by Mr. RossellXx. Xxxxxxxxxx, a monthly amounx xxxxx xx amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's Xx. Xxxxxxxxxx'x employment. Ax xx xxx XxxxAs to the Bank's obligations under 12.2 (iv), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Xx. Xxxxxxxxxx in 18 consecutixx xxxxxxx 12 consecutive monthly installments a monthly amount equal to the Bank's monthly cost of providing such respective coverage during Mr. Rossell's Xx. Xxxxxxxxxx'x employment. Xxxxx xx xxxxumstances Under no circumstances will the Bank be under obligation to assign to Mr. Rossell Xx. Xxxxxxxxxx policies, which xx xxxx xxx it does not possess, or which are otherwise non-assignable. The term "Average Annual Performance Bonus," as used herein, will be calculated as of Mr. Rossell's Xx. Xxxxxxxxxx'x last date of exxxxxxxxx xxx employment and will mean the higher of (i) Mr. Rossell's Xx. Xxxxxxxxxx'x annual performxxxx xxxxxxx performance bonuses averaged from the date of this Agreement, or (ii) the average of his three most recent annual performance bonuses.

Other Termination Matters. As to the Bank's obligations under Paragraph 12, the term "as needed" refers to Mr. RossellSmith's continuing resxxxxxxx respexxxxx xxxxxs as otherwise uninsured. Should he become employed, and become so insured as a result of his employment, the Bank would, from that moment forward, be released from its related insurance or insurance premium reimbursement obligations. As to the Bank's obligations under 12.1 (iii), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Smith in 12 consecutixx consecutive xxxxxxx installments, as needed by Mr. RossellSmith, a monthly amounx amount xxxxx xx the Bank's monthly cost of providing such respective coverage during Mr. RossellSmith's employment. Xx As xx xxx Xxxk's obligations under 12.1 (iv), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Smith in 12 consecutixx consecutive xxxxxxx installments a monthly amount equal to the Bank's monthly cost of providing such respective coverage during Mr. RossellSmith's employment. Uxxxx Undxx xx xxxxxmstances will the Bank be under obligation to assign to Mr. Rossell Smith policies, which xx ix xxxx xxx possess, or which are otherwise non-assignable. As to the Bank's obligations under 12.2 (iii), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Smith in 18 consecutixx consecutive xxxxxxx installments, as needed by Mr. RossellSmith, a monthly amounx amount xxxxx xx the Bank's monthly cost of providing such respective coverage during Mr. RossellSmith's employment. Ax As xx xxx Xxxx's obligations under 12.2 (iv), the Bank may, in the alternative, in its sole discretion, elect to pay to Mr. Rossell Smith in 18 consecutixx consecutive xxxxxxx installments a monthly amount equal to the Bank's monthly cost of providing such respective coverage during Mr. RossellSmith's employment. Xxxxx Unxxx xx xxxxumstances will the Bank be under obligation to assign to Mr. Rossell Smith policies, which xx ix xxxx xxx possess, or which are otherwise non-assignable. The term "Average Annual Performance Bonus," as used herein, will be calculated as of Mr. Rossell's last date of exxxxxxxxx xxx will mean the higher of (i) Mr. Rossell's annual performxxxx xxxxxxx averaged from the date of this Agreement, or (ii) the average of his three most recent annual performance bonuses.