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

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the Bank shall pay or provide to Executive any Accrued Obligations, and (ii) if such resignation occurs upon or within twenty-four (24) months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits to the same extent as if Executive’s employment was terminated by Sterling without Cause pursuant to Section 6(a)(ii)(C) as of the date of Executive’s termination of employment for Good Reason.

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the Bank shall pay or provide to Executive any Accrued Obligations, and (ii) if such resignation occurs upon or within twenty-four twelve (2412) months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits to the same extent as if Executive’s employment was terminated by Sterling without Cause pursuant to Section 6(a)(ii)(C) as of the date of Executive’s termination of employment for Good Reason.

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the Bank shall pay or provide to Executive any Accrued Obligations, and (ii) if such resignation occurs upon or within twenty-four (24) months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits to the same extent as if Executive’s 's employment was terminated by Sterling without Cause pursuant to Section 6(a)(ii)(C) as of the date of Executive’s 's termination of employment for Good Reason.

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the Bank shall pay or provide to Executive any Accrued Obligations, (ii) Executive shall, subject to Section 6(g), have the rights in respect of the Retention Award as set forth in Section 3(c), and (iiiii) if such resignation occurs upon or within twenty-four (24) 12 months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits to the same extent as if Executive’s employment was terminated by Sterling Provident without Cause pursuant to Section 6(a)(ii)(C) as of the date of Executive’s termination of employment for Good Reason.

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank Company as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the New Peoples Bank shall pay or provide to Executive any Accrued Obligations, Obligations and (ii) if such resignation occurs upon or within twenty-four (24) months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits Payment, the COBRA Premium Payment and Accelerated Equity Vesting, if applicable (together, the “Severance Benefits”) to the same extent as if Executive’s employment was terminated by Sterling New Peoples without Cause pursuant to Section 6(a)(ii)(C6(a) as of the date of Executive’s termination of employment for Good Reason. Resignation by Executive of employment with either the Company or the Bank shall automatically constitute resignation of employment with the other.

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank Company as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the Bank Provident shall pay or provide to Executive any Accrued Obligations, Obligations and (ii) if such resignation occurs upon or within twenty-four (24) months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits Payment, the COBRA Premium Payment, and Accelerated Equity Vesting, if applicable (together, the “Severance Benefits”) to the same extent as if Executive’s employment was terminated by Sterling Provident without Cause pursuant to Section 6(a)(ii)(C6(a) as of the date of Executive’s termination of employment for Good Reason.

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the Bank shall pay or provide to Executive any Accrued Obligations, (ii) Executive shall, subject to Section 6(g), have the rights in respect of the Retention Award as set forth in Section 3(c), and (iiiii) if such resignation occurs upon or within twenty-four (24) 12 months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits to the same extent as if Executive’s 's employment was terminated by Sterling Provident without Cause pursuant to Section 6(a)(ii)(C) as of the date of Executive’s 's termination of employment for Good Reason.

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the Bank shall pay or provide to Executive any Accrued Obligations, Obligations and (ii) if such resignation occurs upon or within twenty-four (24) months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits Payment, the COBRA Premium Payment and Accelerated Equity Vesting, if applicable (together, the "Severance Benefits") to the same extent as if Executive’s 's employment was terminated by Sterling without Cause pursuant to Section 6(a)(ii)(C6(a) as of the date of Executive’s 's termination of employment for Good Reason.

Resignation by Executive for Good Reason. Executive may resign from employment under this Agreement for Good Reason by giving notice to the Bank as described in Section 6(f). In the event Executive resigns from employment for Good Reason, (i) the Bank shall pay or provide to Executive any Accrued Obligations, Obligations and (ii) if such resignation occurs upon or within twenty-four (24) months after a Change in Control, Executive shall, subject to Section 6(g), be entitled to the CIC Severance Benefits Payment, the COBRA Premium Payment and Accelerated Equity Vesting, if applicable (together, the “Severance Benefits”) to the same extent as if Executive’s employment was terminated by Sterling without Cause pursuant to Section 6(a)(ii)(C6(a) as of the date of Executive’s termination of employment for Good Reason.