Common use of Removal Without Cause Clause in Contracts

Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to Xxxxx, to terminate the employment of Xxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxx for twelve (12) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Xxxxx.

Appears in 2 contracts

Samples: Merger Agreement (First Chester County Corp), Executive Employment Agreement (First Chester County Corp)

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Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to XxxxxXxxxxx, to terminate the employment of Xxxxx Xxxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxx Xxxxxx for twelve twenty-four (1224) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of XxxxxXxxxxx.

Appears in 2 contracts

Samples: Merger Agreement (First Chester County Corp), Executive Employment Agreement (First Chester County Corp)

Removal Without Cause. The Corporation or the Bank shall have the right at any time upon written notice to XxxxxQxxxx, to terminate the employment of Xxxxx Qxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of disability pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxx Qxxxx for twelve twenty-four (1224) months, at the rate, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of XxxxxQxxxx.

Appears in 1 contract

Samples: Executive Employment Agreement (First Chester County Corp)

Removal Without Cause. The Corporation or the Bank shall have the right at any time time, upon written notice to XxxxxXxxxxxxxxx, to terminate , "without cause", the employment of Xxxxx Xxxxxxxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of death, disability or For Cause pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxx Xxxxxxxxxx for twelve (12) monthsthe remainder of the Term or for one year, whichever is longer, at the raterates, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of XxxxxXxxxxxxxxx.

Appears in 1 contract

Samples: Executive Employment Agreement (First Chester County Corp)

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Removal Without Cause. The Corporation or the Bank shall have the right at any time time, upon written notice to Xxxxx, to terminate , "without cause", the employment of Xxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of death, disability or For Cause pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxx for twelve (12) monthsthe remainder of the Term or for one year, whichever is longer, at the raterates, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of Xxxxx.

Appears in 1 contract

Samples: Executive Employment Agreement (First Chester County Corp)

Removal Without Cause. The Corporation or the Bank shall have the right at any time time, upon written notice to XxxxxFxxxxxxxxx, to terminate terminate, without cause, the employment of Xxxxx Fxxxxxxxxx hereunder. If such termination by the Corporation or the Bank is not by reason of death, disability or For Cause pursuant to paragraph (b), of this Section 5 or for cause pursuant to paragraph (c) of this Section 5, FNB shall be obligated to continue to pay the Compensation and provide the Benefits to Xxxxx Fxxxxxxxxx for twelve (12) twenty-four months, at the raterates, times and intervals at which such Compensation and Benefits are being paid or provided as of the date on which FNB terminates the employment of XxxxxFxxxxxxxxx.

Appears in 1 contract

Samples: Executive Employment Agreement (First Chester County Corp)

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