Common use of Payments After Termination Clause in Contracts

Payments After Termination. (i) The Executive shall be entitled to salary and benefits under this Agreement (including (x) unreimbursed expenses incurred in the performance of his duties prior to the date of termination, and for which he would be entitled to reimbursement under Section 4(h), to the extent documentation therefor is promptly, and in any event within 45 days of termination, provided to FB&T, (y) unused vacation time in accordance with FB&T’s policies, and (z) any vested benefits as of the date of his termination) through the date of any termination pursuant to Section 8(a), including any bonus determined to be payable with respect to a completed fiscal year and not yet paid, but not including any bonus payment with respect to the year in which termination occurs. Subject to any right to elect COBRA continuation coverage or similar state group health continuation law coverage, and, except as provided in Section 8(d)(ii), the Executive’s right to salary and benefits shall immediately terminate upon the effective date of termination of this Agreement under Section 8(a). (ii) If the Executive’s employment is terminated during the Initial Term pursuant to Section 8(a)(ii) or 8(a)(iv), and provided (1) the Executive has executed a written release to FB&T in the form attached hereto as Exhibit A and the revocation or rescission period specified therein has expired without revocation or rescission by the Executive, and (2) the Executive has continued to comply with the provisions of this Agreement intended to survive termination, including but not limited to the Executive’s obligations under Sections 5, 6, 7 and 8(e) of this Agreement, then, in addition to the payments described in Section 8(d)(i), (y) FB&T shall continue to pay Executive’s Base Salary for the remainder of Initial Term, and (z) any unvested RSUs previously awarded to Executive pursuant to Section 4(e) of this Agreement shall immediately vest as of the effective date of Executive’s termination, subject to the terms of the LTIP, with any performance-related measure being deemed fully achieved.

Payments After Termination. (i) The Executive shall be entitled to salary and benefits under this Agreement (including (x) unreimbursed expenses incurred in the performance of his duties prior to the date of termination, and for which he would be entitled to reimbursement under Section 4(h) and Section 4(i), to the extent documentation therefor is promptly, and in any event within 45 days of termination, provided to FB&T, (y) unused vacation time in accordance with FB&T’s policies, and (z) any vested benefits as of the date of his termination) through the date of any termination during the Term pursuant to Section 8(a), including any bonus determined to be payable with respect to a completed fiscal year and not yet paid, but not including any bonus payment with respect to the year in which termination occurs. Subject to any right to elect COBRA continuation coverage or similar state group health continuation law coverage, and, except as provided in Section 8(d)(ii), the Executive’s right to salary and benefits shall immediately terminate upon the effective date of termination of this Agreement under Section 8(a). (ii) If the Executive’s employment is terminated during the Initial Term pursuant to Section 8(a)(ii) or 8(a)(iv), and provided (1A) the Executive has executed a written release to FB&T in the form attached hereto as Exhibit A and the revocation or rescission period specified therein has expired without revocation or rescission by the Executive, and (2B) the Executive has continued to comply with the provisions of this Agreement intended to survive termination, including but not limited to the Executive’s obligations under Sections 5, 6, 7 and 8(e) of this Agreement, then, in addition to the payments described in Section 8(d)(i), (y) FB&T shall continue to pay Executive’s Base Salary for the remainder of the Initial Term, and (z) any unvested RSUs previously awarded to Executive pursuant to Section 4(e) of this Agreement shall immediately vest as of the effective date of Executive’s termination, subject to the terms of the LTIP, with any performance-related measure being deemed fully achieved.

Payments After Termination. In the event Employer terminates Employee’s employment during the Term without Cause pursuant to Section 7(a)(ii) above, Employee shall have no further rights or claims against the Employer, the Employer, or their Affiliates except for (i) The Executive shall the right to continue to be entitled to salary and benefits receive the base compensation under this Agreement Section 6(a) above for a period of ten (including 10) months following the date of Employee’s termination (xthe “Severance Period”) unreimbursed payable ratably over the Severance Period in accordance with the Employer’s normal payroll practices; (ii) reimbursement of all business expenses incurred in by the performance of his duties Employee prior to the date of termination; and (iii) the right to continue to receive during the Severance Period all medical, dental or other health and for which he would be entitled welfare benefits provided to reimbursement under Section 4(h)Employee during the Term; provided, however, that such benefits shall cease to the extent documentation therefor is promptly, and in Employee receives similar benefits from any business which employs Employee during the Severance Period. In the event within 45 days of termination, provided to FB&T, (y) unused vacation time in accordance with FB&T’s policies, and (z) any vested benefits as termination of the date Employee’s employment for any reason other than by Employer without Cause pursuant to Section 7(a)(ii) above, neither Employee nor his beneficiary or estate will have any further rights or claims against the Employer, the Employer or their Affiliates except for (i) the unpaid portion of his termination) the base compensation through the date of any termination pursuant to Section 8(a)termination, including any bonus determined to be payable with respect to a completed fiscal year and not yet paid, but not including any bonus payment with respect to the year in which termination occurs. Subject to any right to elect COBRA continuation coverage or similar state group health continuation law coverage, and, except as provided in Section 8(d)(ii), the Executive’s right to salary and benefits shall immediately terminate upon the effective date of termination of this Agreement under Section 8(a). (ii) If reimbursement of all business expenses incurred by the Executive’s employment is terminated during the Initial Term pursuant Employee prior to Section 8(a)(iisuch date; and (iii) or 8(a)(iv), and provided (1) the Executive has executed a written release to FB&T in the form attached hereto as Exhibit A and the revocation event of Employee’s death or rescission period specified therein has expired without revocation or rescission by the Executivepermanent disability, and (2) the Executive has continued to comply with the provisions all rights of this Agreement intended to survive termination, including but not limited to the Executive’s obligations Employee under Sections 5, 6, 7 and 8(e) of this Agreement, then, in addition to the payments described in Section 8(d)(i), (y) FB&T shall continue to pay Executive’s Base Salary for the remainder of Initial Term, and (z) any unvested RSUs previously awarded to Executive pursuant to Section 4(e) of this Agreement shall immediately vest as of the effective date of Executive’s termination, subject to the terms of the LTIP, with any performance-related measure being deemed fully achievedEmployee benefit plans or insurance policies of Employer applicable to Employee.

Payments After Termination. (i) The Executive shall be entitled to salary and benefits under this Agreement (including (x) unreimbursed expenses incurred in the performance of his duties prior to the date of termination, and for which he would be entitled to reimbursement under Section 4(h4(g), to the extent documentation therefor is promptly, and in any event within 45 days of termination, provided to FB&Tthe Surviving Bank, (y) unused vacation time in accordance with FB&Tthe Surviving Bank’s policies, and (z) any vested benefits as of the date of his termination) through the date of any termination pursuant to Section 8(a), including any bonus determined to be payable with respect to a completed fiscal year and not yet paid, but not including any bonus payment with respect to the year in which termination occurs. Subject to any right to elect COBRA continuation coverage or similar state group health continuation law coverage, and, except as provided in Section 8(d)(ii), the Executive’s right to salary and benefits shall immediately terminate upon the effective date of termination of this Agreement under Section 8(a). (ii) If the Executive’s employment is terminated during the Initial Term pursuant to under Section 8(a)(ii) or 8(a)(iv), and provided (1) the Executive has executed a written release to FB&T in favor of the Surviving Bank and the Company in the form attached hereto as Exhibit A and the revocation or rescission period specified therein has expired without revocation or rescission by the Executive, and (2) the Executive has continued to comply with the provisions of this Agreement intended to survive termination, including but not limited to the Executive’s obligations under Sections 5, 6, 7 and 8(e) of this Agreement), then, in addition to the payments described in Section 8(d)(i), (y) FB&T shall continue to pay Executive’s Base Salary for the remainder of Initial Term, and (zx) any unvested RSUs previously awarded to the Executive pursuant to Section 4(e4(d) of this Agreement shall immediately vest as of the effective date of the Executive’s termination, subject to the terms of the LTIP, with and (y) the Surviving Bank shall continue to pay the Executive’s Base Salary for one year from the date of termination of employment, so long as the Executive has not committed any performance-related measure being deemed fully achievedmaterial breach of this Agreement. Notwithstanding the foregoing, if the Company and the Surviving Bank elect not to renew this Agreement following the expiration of the Initial Term pursuant to Section 2, any unvested RSUs previously awarded to the Executive pursuant to Section 4(d) of this Agreement shall immediately vest as of the last day of the Initial Term, subject to the terms of the LTIP.

Payments After Termination. (i) The Executive shall be entitled to salary and benefits under this Agreement (including (x) unreimbursed expenses incurred in the performance of his duties prior to the date of termination, and for which he would be entitled to reimbursement under Section 4(h), to the extent documentation therefor is promptly, and in any event within 45 days of termination, provided to FB&Tthe Surviving Bank, (y) unused vacation time in accordance with FB&Tthe Surviving Bank’s policies, and (z) any vested benefits as of the date of his termination) through the date of any termination pursuant to Section 8(a), including any bonus determined to be payable with respect to a completed fiscal year and not yet paid, but not including any bonus payment with respect to the year in which termination occurs. Subject to any right to elect COBRA continuation coverage or similar state group health continuation law coverage, and, except as provided in Section 8(d)(ii), the Executive’s right to salary and benefits shall immediately terminate upon the effective date of termination of this Agreement under Section 8(a). (ii) If the Executive’s employment is terminated during the Initial Term pursuant to under Section 8(a)(ii) or 8(a)(iv), and provided (1) the Executive has executed a written release to FB&T the Surviving Bank in the form attached hereto as Exhibit A and the revocation or rescission period specified therein has expired without revocation or rescission by the Executive, and (2) the Executive has continued to comply with the provisions of this Agreement intended to survive termination, including but not limited to the Executive’s obligations under Sections 5, 6, 7 and 8(e) of this Agreement, then, in addition to the payments described in Section 8(d)(i), (yx) FB&T the Surviving Bank shall continue to pay Executive’s Base Salary for the remainder of Initial Termthe Non-Competition Period, if any, and (zy) any unvested RSUs previously awarded to Executive pursuant to Section 4(e) of this Agreement shall immediately vest as of the effective date of Executive’s termination, subject to the terms of the LTIP, with any performance-related measure being deemed fully achieved.