Common use of Resignation by Executive Clause in Contracts

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety (90) days written notice. Upon Executive’s resignation, the Bank shall pay Executive his Base Salary, (minus applicable taxes and withholdings) prorated through the date of resignation, together with the amount of any reimbursed business expenses as of the date of resignation and, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Orrstown Financial Services Inc), Executive Employment Agreement (Orrstown Financial Services Inc)

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Resignation by Executive. The Executive may terminate his employment hereunder upon ninety (90) days days’ written notice, however, the ninety (90) day written notice may be modified by mutual agreement of the parties. Upon Executive’s resignation, the Bank shall pay Executive his Annual Base Salary, Salary (minus applicable taxes and withholdingswithholding) prorated through the date of resignationtermination at the rate then in effect at the time of the termination, together with the dollar value of any accrued vacation and the amount of any reimbursed unreimbursed business expenses as of the date of resignation andtermination, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive executive under this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (CCCB Bancorp, Inc.)

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety (90) days written notice, however, the ninety (90) days written notice may be modified by mutual agreement of the parties. Upon Executive’s resignation, the Bank shall pay Executive his Annual Base Salary, Salary (minus applicable taxes and withholdingswithholding) prorated through the date of resignationtermination at the rate then in effect at the time of the termination, together with the dollar value of any accrued vacation and the amount of any reimbursed unreimbursed business expenses as of the date of resignation andtermination, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive executive under this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (CCCB Bancorp, Inc.)

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety (90) days written notice. Upon Executive’s resignation, the Corporation/Bank shall pay Executive his Base Salary, (minus applicable taxes and withholdings) prorated through the date of resignation, together with the amount of any reimbursed business expenses as of the date of resignation andresignation, except as otherwise provided in this Section 13, and the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Orrstown Financial Services Inc)

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety one hundred twenty (90120) days written notice. Upon Executive’s resignation, the Bank shall pay Executive his Annual Base Salary, Salary (minus applicable taxes and withholdingswithholding) prorated through the date of resignationtermination at the rate then in effect at the time of the termination, together with the dollar value of any accrued vacation and the amount of any reimbursed unreimbursed business expenses as of the date of resignation andtermination, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (CCFNB Bancorp Inc)

Resignation by Executive. The Upon thirty (30) days prior notice, Executive may terminate his employment hereunder upon ninety (90) days written noticeresign or voluntarily leaves the employ of the Bank, other than under circumstances treated as Resignation for Good Reason. Upon In the event of Executive’s resignationresignation under this Section 7(c), the Bank Executive shall pay Executive his Base Salary, (minus applicable taxes be paid any accrued and withholdings) prorated unpaid salary and accrued and unused paid time off through the Executive’s date of resignation, together with the amount of any reimbursed business expenses as of the date of resignation and, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (ASB Bancorp Inc)

Resignation by Executive. The Executive may terminate his Executive’s employment hereunder may be terminated upon the Executive providing a notice of resignation with at least ninety (90) days days’ written notice. Upon Executive’s resignationIn the event of any such termination, the Bank shall pay Executive his Base Salary, (minus applicable taxes will be entitled to receive the Accrued Obligations and withholdings) prorated through the date of resignation, together with the amount of any reimbursed business expenses such other compensation and benefits as of the date of resignation and, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Neptune Wellness Solutions Inc.)

Resignation by Executive. The Executive may terminate his her employment hereunder upon ninety one hundred twenty (90120) days written notice. Upon Executive’s 's resignation, the Bank shall pay Executive his her Annual Base Salary, (minus applicable taxes and withholdingswithholding) prorated through the date of resignationtermination at the rate then in effect at the time of the termination, together with the dollar value of any accrued vacation and the amount of any reimbursed unreimbursed business expenses as of the date of resignation andtermination, except as otherwise provided in this Section 13, the Corporation and the Bank Employers shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (CCFNB Bancorp Inc)

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety one hundred twenty (90120) days written notice. Upon Executive’s 's resignation, the Bank shall pay Executive his Base Salaryannual base salary, (minus applicable taxes and withholdings) prorated through the date of resignation, termination at the rate then in effect at the time of termination (together with the dollar value of any accrued vacation and the amount of any reimbursed unreimbursed business expenses as of the date of resignation and, except as otherwise provided in this Section 13, the Corporation termination) and the Bank shall have no further obligation to the Executive under this Agreement.this

Appears in 1 contract

Samples: Executive Employment Agreement (CCFNB Bancorp Inc)

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Resignation by Executive. The Executive may terminate his resign from employment hereunder during the term of this Agreement upon ninety at least thirty (9030) days prior written notice. Upon notice to the Board of Directors, provided, however, that the Bank may accelerate the Date of Termination upon receipt of written notice of the Executive’s resignation. In the event the Term ends under paragraph 2(a), or the Executive resigns, the Bank shall Bank’s sole obligation under this Agreement will be to pay Executive his Base Salary, (minus applicable taxes and withholdings) prorated through the date of resignation, together with the amount of or provide any reimbursed business expenses as of the date of resignation and, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation Accrued Obligations to the Executive under this AgreementExecutive.

Appears in 1 contract

Samples: Executive Employment Agreement (Carver Bancorp Inc)

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety (90) days written notice. Upon Executive’s resignation, the Bank shall pay Executive his Base Salary, (minus applicable taxes and withholdings) prorated through the date of resignation, together with the amount of any reimbursed business expenses as of the date of resignation and, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Orrstown Financial Services Inc)

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety one hundred twenty (90120) days written notice. Upon Executive’s 's resignation, the Bank shall pay Executive his Annual Base Salary, Salary (minus applicable taxes and withholdingswithholding) prorated through the date of resignationtermination at the rate then in effect at the time of the termination, together with the dollar value of any accrued vacation and the amount of any reimbursed unreimbursed business expenses as of the date of resignation andtermination, except as otherwise provided in this Section 13, the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (CCFNB Bancorp Inc)

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety one hundred twenty (90120) days written notice. Upon Executive’s 's resignation, the Bank shall pay Executive his Annual Base Salary, (minus applicable taxes and withholdingswithholding) prorated through the date of resignationtermination at the rate then in effect at the time of the termination, together with the dollar value of any accrued vacation and the amount of any reimbursed unreimbursed business expenses as of the date of resignation andtermination, except as otherwise provided in this Section 13, the Corporation and the Bank Employers shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (CCFNB Bancorp Inc)

Resignation by Executive. The Executive may terminate his employment hereunder upon ninety one hundred twenty (90120) days written notice. Upon Executive’s 's resignation, the Corporation/Bank shall pay Executive his Base Salaryannual base salary, (minus applicable taxes and withholdings) prorated through the date of resignation, termination at the rate then in effect at the time of termination (together with the dollar value of any accrued vacation and the amount of any reimbursed unreimbursed business expenses as of the date of resignation and, except as otherwise provided in this Section 13, termination) and the Corporation and the Bank shall have no further obligation to the Executive under this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (CCFNB Bancorp Inc)

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