Common use of Resignation by Executive for Good Reason Clause in Contracts

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate his employment with the Company and the Bank upon the Company’s and the Bank’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement shall terminate as of the end of such period and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 6 contracts

Samples: Employment Agreement (NorthEast Community Bancorp, Inc./Md/), Employment Agreement (NorthEast Community Bancorp, Inc./Md/), Employment Agreement (NorthEast Community Bancorp, Inc./Md/)

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Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board CEO with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate his employment with the Company and the Bank upon the Company’s and the Bank’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement shall terminate as of the end of such period and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 5 contracts

Samples: Employment Agreement (Columbia Financial, Inc.), Employment Agreement (Columbia Financial, Inc.), Employment Agreement (Columbia Financial, Inc.)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his his/her intention to terminate his employment with the Company and the Bank Terminate his/her Employment upon the Company’s and the Bank’s Employing Companies’ failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 6 and Section 5 7 or 68, as applicable.

Appears in 4 contracts

Samples: Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate Terminate his employment with the Company and the Bank Employment upon the Company’s and the Bank’s Employing Companies’ failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 6 and Section 5 7 or 68, as applicable.

Appears in 3 contracts

Samples: Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate his employment with the Company and the Bank upon the Company’s and the Bank’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement shall terminate as of the end of such period and the Executive shall be entitled to benefits as provided in Section 4 and Section Sections 5 or 6, as applicable.

Appears in 2 contracts

Samples: Employment Agreement (ECB Bancorp, Inc. /MD/), Employment Agreement (ECB Bancorp, Inc. /MD/)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate his employment with the Company Bancorp and the Bank upon the CompanyBancorp’s and the Bank’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company Bancorp and the Bank fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company Bancorp and the Bank and this Agreement shall terminate as of the end of such period and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 2 contracts

Samples: Employment Agreement (William Penn Bancorporation), Chief Executive Officer Employment Agreement (William Penn Bancorporation)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his his/her intention to terminate his employment with the Company and the Bank Terminate his/her Employment upon the Company’s and the Bank’s Employing Companies' failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s 's notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement 's Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 6 and Section 5 7 or 68, as applicable.

Appears in 2 contracts

Samples: Employment Agreement (Old National Bancorp /In/), Employment Agreement (Old National Bancorp /In/)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate Terminate his employment with the Company and the Bank Employment upon the Company’s and the Bank’s Employing Companies’ failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Old National Bancorp /In/)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his his/her intention to terminate his employment with the Company and the Bank Terminate Employment upon the Company’s and the Bank’s Employing Companies’ failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 Sections 3 and Section 5 or 6, as applicable4.

Appears in 1 contract

Samples: Severance Agreement (Old National Bancorp /In/)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his her intention to terminate his employment with the Company and the Bank Terminate her Employment upon the Company’s and the Bank’s Employing Companies' failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s 's notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement 's Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 1 contract

Samples: Severance Agreement (Old National Bancorp /In/)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate Terminate his employment with the Company and the Bank Employment upon the Company’s and the Bank’s Employing Companies' failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s 's notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement 's Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 6 and Section 5 7 or 68, as applicable.

Appears in 1 contract

Samples: Employment Agreement (Old National Bancorp /In/)

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Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety sixty (9060) day period following the initial occurrence of such event, provide the Company and the Bank Board with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate his employment with the Company and the Bank upon the Company’s and the Bank’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s 's notice of termination. If the Company and the Bank fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s 's employment with the Company and the Bank and this Agreement shall terminate as of the end of such period period, and the Executive shall be entitled to payments and benefits as provided in Section 4 and Section 5 8 or 69, as applicable.

Appears in 1 contract

Samples: Employment Agreement (Amerant Bancorp Inc.)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his intention to terminate Terminate his employment with the Company and the Bank Employment upon the Company’s and the Bank’s Employing Companies' failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s 's notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement 's Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Monroe Bancorp)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board CEO with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his her intention to terminate his her employment with the Company and the Bank upon the Company’s and the Bank’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement shall terminate as of the end of such period and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 1 contract

Samples: Employment Agreement (Columbia Financial, Inc.)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his her intention to terminate his her employment with the Company Bancorp and the Bank upon the CompanyBancorp’s and the Bank’s failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company Bancorp and the Bank fails to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company Bancorp and the Bank and this Agreement shall terminate as of the end of such period and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 1 contract

Samples: Employment Agreement (William Penn Bancorporation)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his his/her intention to terminate his employment with the Company and the Bank Terminate his/her Employment upon the Company’s and the Bank’s Employing Companies’ failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 1 contract

Samples: Severance/Change of Control Agreement (Old National Bancorp /In/)

Resignation by Executive for Good Reason. If an event of Good Reason occurs during the Term, the Executive may, at any time within the ninety (90) day period following the initial occurrence of such event, provide the Bank Board Company with a written notice of termination specifying the event of Good Reason and notifying the Company and the Bank of his his/her intention to terminate his employment with the Company and the Bank Terminate his/her Employment upon the Company’s and the Bank’s Employing Companies' failure to correct the event of Good Reason within thirty (30) days following receipt of the Executive’s 's notice of termination. If the Company and the Bank fails Employing Companies fail to correct the event of Good Reason and provide the Executive with notice of such correction within such thirty (30) day period, the Executive’s employment with the Company and the Bank and this Agreement 's Employment shall terminate Terminate as of the end of such period period, and the Executive shall be entitled to benefits as provided in Section 4 and Section 5 or 6, as applicable.

Appears in 1 contract

Samples: Severance/Change of Control Agreement (Old National Bancorp /In/)

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