Resignation With Cause. Executive shall have the right to resign his employment with Employer at any time hereunder, providing notice as required by the Employer's employment related policies then in effect. In the event such a resignation is for "good cause" (as defined below), such resignation shall be deemed a termination without "cause" under paragraph (b) hereof, and Executive shall, solely in the event the Executive delivers a written resignation for ”good cause" to the Employer within 15 days of the occurrence of either of the events described in subparagraphs (i) and (ii) of this paragraph (c), be entitled to receive all such amounts and benefits as are provided for under such paragraph (b) above. (i) A material reduction in Executive's duties, responsibilities, title or employment status from its level as of the date hereof; or (ii) Any reduction in Executive's Base Salary.
Appears in 7 contracts
Samples: Retention Agreement (Unity Bancorp Inc /Nj/), Retention Agreement (Unity Bancorp Inc /Nj/), Retention Agreement (Unity Bancorp Inc /Nj/)
Resignation With Cause. Executive shall have the right to resign his employment with Employer at any time hereunder, providing notice as required by the Employer's ’s employment related policies then in effect. In the event such a resignation is for "“good cause" ” (as defined below), such resignation shall be deemed a termination without "“cause" ” under paragraph (b) hereof, and Executive shall, solely in the event the Executive delivers a written resignation for ”“good cause" ” to the Employer within 15 days of the occurrence of either of the events described in subparagraphs sub-paragraphs (i) and (ii) of this paragraph (c), be entitled to receive all such amounts and benefits as are provided for under such paragraph (b) above.
(i) A material reduction in Executive's duties, responsibilities, title or employment status from its level as of the date hereof; or
(ii) Any reduction in Executive's Base Salary.
Appears in 6 contracts
Samples: Retention Agreement (Unity Bancorp Inc /De/), Employment Agreement (Unity Bancorp Inc /De/), Retention Agreement (Unity Bancorp Inc /De/)
Resignation With Cause. Executive shall have the right to resign his employment with Employer at any time hereunder, providing notice as required by the Employer's employment related policies then in effect. In the event such a resignation is for "good cause" (as defined below), such resignation shall be deemed a termination without "cause" under paragraph (b) hereof, and Executive shall, solely in the event the Executive delivers a written resignation for ”"good cause" to the Employer within 15 days of the occurrence of either of the events described in subparagraphs (i) and (ii) of this paragraph (c), be entitled to receive all such amounts and benefits as are provided for under such paragraph (b) above.. For purposes of this provision, the term "good cause" shall mean any of the following:
(i) A material reduction in Executive's duties, responsibilities, title or employment status from its level as of the date hereof; or
(ii) Any reduction in Executive's Base Salary.
Appears in 3 contracts
Samples: Retention Agreement (Unity Bancorp Inc /Nj/), Retention Agreement (Unity Bancorp Inc /Nj/), Retention Agreement (Unity Bancorp Inc /Nj/)
Resignation With Cause. Executive shall have the right to resign his employment with Employer at any time hereunder, providing notice as required by the Employer's employment related policies then in effect. In the event such a resignation is for "good cause" (as defined below), such resignation shall be deemed a termination without "cause" under paragraph (b) hereof, and Executive shall, solely in the event the Executive delivers a written resignation for ”good cause" to the Employer within 15 days of the occurrence of either of the events described in subparagraphs (i) and (ii) of this paragraph (c), be entitled to receive all such amounts and benefits as are provided for under such paragraph (b) above.
(i) A material reduction in Executive's duties, responsibilities, title or employment status from its level as of the date hereof; or
or (ii) Any reduction in Executive's Base Salary.
Appears in 3 contracts
Samples: Retention Agreement (Unity Bancorp Inc /Nj/), Retention Agreement (Unity Bancorp Inc /Nj/), Retention Agreement (Unity Bancorp Inc /Nj/)
Resignation With Cause. Executive shall have the right to resign his employment with Employer at any time hereunder, providing notice as required by the Employer's employment related policies then in effect. In the event such a resignation is for "“good cause" ” (as defined below), such resignation shall be deemed a termination without "“cause" ” under paragraph (b) hereof, and Executive shall, solely in the event the Executive delivers a written resignation for ”“good cause" ” to the Employer within 15 days of the occurrence of either of the events described in subparagraphs (i) and (ii) of this paragraph (c), be entitled to receive all such amounts and benefits as are provided for under such paragraph (b) above.
(i) A material reduction in Executive's duties, responsibilities, title or employment status from its level as of the date hereof; or
(ii) Any reduction in Executive's Base Salary.
Appears in 2 contracts
Samples: Employment Agreement (Unity Bancorp Inc /Nj/), Employment Agreement (Unity Bancorp Inc /Nj/)