Common use of Payments to Employee Upon Termination of Employment Clause in Contracts

Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employers may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement. The rights and obligations of Employers and Employee in the event of such termination are set forth in this paragraph 7 as follows:

Appears in 4 contracts

Samples: Employment Agreement (Premier Bancshares Inc /Ga), Employment Agreement (Premier Bancshares Inc /Ga), Employment Agreement (Premier Bancshares Inc /Ga)

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Payments to Employee Upon Termination of Employment. The Boards Board of --------------------------------------------------- Directors of Employers Employer may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement. The rights and obligations of Employers Employer and Employee in the event of such termination are set forth in this paragraph 7 6 as follows:

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Premier Bancshares Inc /Ga), Agreement and Plan of Reorganization (Premier Bancshares Inc /Ga), Employment Agreement (Premier Bancshares Inc /Ga)

Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employers may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement. The rights and obligations of Employers and Employee in the event of such termination are set forth in this paragraph 7 4 as follows:

Appears in 2 contracts

Samples: Severance Pay Agreement (Premier Bancshares Inc /Ga), Severance Agreement (Premier Bancshares Inc /Ga)

Payments to Employee Upon Termination of Employment. The Boards Board of --------------------------------------------------- Directors of Employers Employer may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement. The rights and obligations of Employers Employer and Employee in the event of such termination are set forth in this paragraph 7 as follows:

Appears in 2 contracts

Samples: Employment Agreement (First Alliance/Premier Bancshares Inc), Employment Agreement (First Alliance/Premier Bancshares Inc)

Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employers may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his her employment under this Agreement. The rights and obligations of Employers and Employee in the event of such termination are set forth in this paragraph 7 4 as follows:

Appears in 1 contract

Samples: Severance Pay Agreement (Premier Bancshares Inc /Ga)

Payments to Employee Upon Termination of Employment. The Boards Board of --------------------------------------------------- Directors of Employers Employer may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his her employment under this Agreement. The rights and obligations of Employers Employer and Employee in the event of such termination are set forth in this paragraph 7 as follows:

Appears in 1 contract

Samples: Employment Agreement (Premier Bancshares Inc /Ga)

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Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employers Employer and the Company may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement. The rights and obligations of Employers Employer and/or the Company and Employee in the event of such termination are set forth in this paragraph 7 as follows:

Appears in 1 contract

Samples: Employment Agreement (First Alliance/Premier Bancshares Inc)

Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employers and the Holding Company may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement. The rights and obligations of Employers and/or the Holding Company and Employee in the event of such termination are set forth in this paragraph 7 as follows:

Appears in 1 contract

Samples: Employment Agreement (Premier Bancshares Inc /Ga)

Payments to Employee Upon Termination of Employment. The Boards of --------------------------------------------------- Directors of Employers Employer may terminate Employee's employment under this Agreement at any time; but any termination other than Termination for Cause shall not prejudice Employee's right to compensation or other benefits under this Agreement. Employee may voluntarily terminate his employment under this Agreement. The rights and obligations of Employers Employer and Employee in the event of such termination are set forth in this paragraph 7 as follows:

Appears in 1 contract

Samples: Employment Agreement (First Alliance/Premier Bancshares Inc)

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