Common use of Removal for Cause Clause in Contracts

Removal for Cause. The Director agrees that if the Director’s service as a member of the Board of Directors of the Bank is terminated as a result of a “Removal for Cause”, as defined in subparagraph 1.12 of this Agreement, the Director shall forfeit any and all rights and benefits the Director may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid to the Director by the Bank pursuant to the terms of this Agreement.

Removal for Cause. The Director agrees that if the Director’s service as a member of the Board of Directors of the Bank is terminated as a result of a “Removal for Cause”, as defined in subparagraph 1.12 1.10 of this Agreement, the Director shall forfeit any and all rights and benefits the Director may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid to the Director by the Bank pursuant to the terms of this Agreement.

Removal for Cause. The Director agrees that if the Director’s service as a member of the Board of Directors of the Bank is terminated as a result of a “Removal for Cause”, as defined in subparagraph 1.12 1.11 of this Agreement, the Director shall forfeit any and all rights and benefits the Director may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid to the Director by the Bank pursuant to the terms of this Agreement.

Removal for Cause. The Director agrees that if he is removed from the DirectorBank’s service as a member of the Board of Directors of the Bank and such removal is terminated as a result of a “Removal for For Cause”, as defined in subparagraph 1.12 Paragraph 1.8 of this Agreement, the Director he shall forfeit any and all rights and benefits the Director he may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid pursuant to the terms of this Agreement. In addition, in the event Director by the Bank is removed For Cause, Director’s beneficiary(ies) shall no longer have any right to be paid any monies to which they may have otherwise have been entitled pursuant to the terms of this Agreement.

Removal for Cause. The Director agrees that if the Director’s service as a member of the Board of Directors of the Bank is terminated as a result of a “Removal for Cause”, as defined in subparagraph 1.12 of this Agreement, the Director shall forfeit any and all rights and benefits the Director may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid to the Director by the Bank pursuant to the terms of this Agreement.

Removal for Cause. The Director agrees that if the Director’s 's service as a member of the Board of Directors of the Bank is terminated as a result of a “"Removal for Cause”", as defined in subparagraph 1.12 of this Agreement, the Director shall forfeit any and all rights rights. and benefits the Director may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid to the Director by the Bank pursuant to the terms of this Agreement.