Common use of Resignation by Executive without Good Reason Clause in Contracts

Resignation by Executive without Good Reason. Executive may resign from employment during the term of this Agreement without Good Reason upon at least 30 days prior written notice to the Board, provided, however, that the Bank may accelerate the date of termination upon receipt of written notice of Executive’s resignation. In the event Executive resigns without Good Reason, the Bank’s sole obligation will be to pay or provide to Executive any Accrued Obligations.

Appears in 2 contracts

Samples: Employment Agreement (Rhinebeck Bancorp, Inc.), Employment Agreement (Rhinebeck Bancorp, Inc.)

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Resignation by Executive without Good Reason. Executive may resign from employment during the term of this Agreement Term without Good Reason upon at least 30 days prior written notice to the Board, provided, however, that the Bank may accelerate the date Date of termination Termination upon receipt of written notice of Executive’s resignation. In the event Executive resigns without Good Reason, the Bank’s sole obligation under this Agreement will be to pay or provide to Executive any Accrued Obligations.

Appears in 2 contracts

Samples: Employment Agreement (Bogota Financial Corp.), Employment Agreement (Bogota Financial Corp.)

Resignation by Executive without Good Reason. The Executive may resign from employment during the term of this Agreement Term without Good Reason (as defined in Section 5(c)) upon at least 30 thirty (30) days prior written notice to the BoardBoard of Directors, provided, however, that the Bank may accelerate the date Date of termination Termination upon receipt of written notice of the Executive’s resignation. In the , in which event Executive resigns without Good Reason, the Bank’s sole obligation will be to pay or provide to Executive any Accrued ObligationsObligations to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Carver Bancorp Inc)

Resignation by Executive without Good Reason. The Executive may resign from employment during the term of this Agreement Term without Good Reason upon at least 30 thirty (30) days prior written notice to the BoardBoard of Directors, provided, however, that the Bank may accelerate the date Date of termination Termination upon receipt of written notice of the Executive’s resignation. In the event the Executive resigns without Good Reason, the Bank’s sole obligation under this Agreement will be to pay or provide to Executive any Accrued ObligationsObligations to the Executive.

Appears in 1 contract

Samples: Employment Agreement (Texas Community Bancshares, Inc.)

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Resignation by Executive without Good Reason. Executive may resign from employment during the term of this Agreement without Good Reason upon at least 30 days prior written notice to the Board, provided, however, that the Bank may accelerate the date of termination upon receipt of written notice of Executive’s 's resignation. In the event Executive resigns without Good Reason, the Bank’s 's sole obligation will be to pay or provide to Executive any Accrued Obligations.

Appears in 1 contract

Samples: Employment Agreement (WCF Bancorp, Inc.)

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