Right of Discharge. Subject to the obligations to make the payments specified in Section 4(b), and subject to the obligations of Bank under any employment agreement that may exist between Bank and Executive, it is expressly agreed that, except as set forth in Section 3 above, Bank shall have the right to discharge or terminate Executive at any time and for any reason, or no reason.
Appears in 14 contracts
Samples: Change in Control Severance Agreement (SBT Bancorp, Inc.), Change in Control Severance Agreement (SBT Bancorp, Inc.), Change in Control Severance Agreement (SBT Bancorp, Inc.)
Right of Discharge. Subject to the obligations to make the payments specified in Section 4(b), and subject to the obligations of Bank under any employment agreement that may exist between Bank and Executive, it is expressly agreed that, except as set forth in Section 3 above, Bank shall have the right to discharge or terminate Executive at any time and for any reason, or no reason.
Appears in 5 contracts
Samples: Change in Control Severance Agreement (CNB Financial Corp.), Change in Control Severance Agreement (CNB Financial Corp.), Change in Control Severance Agreement (CNB Financial Corp.)
Right of Discharge. Subject to the obligations to make the payments specified in Section 4(b), and subject to the obligations of Bank under any employment agreement that may exist between Bank and Executive4, it is expressly agreed that, except as set forth in Section 3 above, that Bank shall have the right to discharge or terminate Executive at any time and for any reason, or no reason.
Appears in 1 contract
Samples: Change in Control Severance Agreement (CNB Financial Corp.)
