Resignation by Employee for Good Reason. In the event that Officer resigns for Good Reason, as defined below, during the Employment Period, Officer shall be entitled to receive the Accrued Obligations, Salary Continuance Benefit, and Welfare Continuance Benefit under the terms defined in Section 6. For this purpose, “Good Reason” shall mean any of the following, as determined by Officer and agreed to by the Administrator:
Appears in 8 contracts
Samples: Change in Control Agreement (Blue Ridge Bankshares, Inc.), Change in Control Agreement (Monarch Financial Holdings, Inc.), Change in Control Agreement (Monarch Financial Holdings, Inc.)
Resignation by Employee for Good Reason. In the event that Officer resigns for Good Reason, as defined below, during the Employment Period, Officer shall be entitled to receive the Accrued Obligations, Salary Continuance Benefit, and Welfare Continuance Benefit under the terms defined in Section 6. For this purpose, “Good Reason” shall mean any of the following, as determined by Officer and agreed to by the AdministratorBoard:
Appears in 1 contract
Samples: Change in Control Agreement (Blue Ridge Bankshares, Inc.)
