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

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

Appears in 4 contracts

Samples: Employment Agreement (GBC Bancorp Inc), Employment Agreement (GBC Bancorp Inc), Employment Agreement (GBC Bancorp Inc)

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

Appears in 4 contracts

Samples: Employment Agreement (Xenith Bankshares, Inc.), Employment Agreement (Xenith Bankshares, Inc.), Employment Agreement (Xenith Bankshares, Inc.)

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

Appears in 3 contracts

Samples: Employment Agreement (MetroCity Bankshares, Inc.), Employment Agreement (MetroCity Bankshares, Inc.), Employment Agreement (MetroCity Bankshares, Inc.)

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

Appears in 2 contracts

Samples: Employment Agreement (Xenith Bankshares, Inc.), Employment Agreement (Xenith Bankshares, Inc.)

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

Appears in 2 contracts

Samples: Employment Agreement (Atlantic Capital Bancshares, Inc.), Employment Agreement (Atlantic Capital Bancshares, Inc.)

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

Appears in 1 contract

Samples: Agreement (Dekalb Bankshares Inc)

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

Appears in 1 contract

Samples: Employment Agreement (GBC Bancorp Inc)

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

Appears in 1 contract

Samples: Employment Agreement (GBC Bancorp Inc)

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

Appears in 1 contract

Samples: Employment Agreement (Xenith Bankshares, Inc.)

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

Appears in 1 contract

Samples: Employment Agreement (Regional Bankshares Inc)

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