Common use of Severance Compensation Independent Clause in Contracts

Severance Compensation Independent. Bank’s obligation to pay Severance Compensation is conditioned on Executive’s compliance with Paragraphs 7, 8, 9 and 10 of this Agreement and Bank shall not be obligated to pay such Severance Compensation in the event of any breach by Executive of such Paragraphs.

Appears in 5 contracts

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

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Severance Compensation Independent. Bank’s 's obligation to pay Severance Compensation is conditioned on Executive’s 's compliance with Paragraphs 7, 8, 9 and 10 of this Agreement and Bank shall not be obligated to pay such Severance Compensation in the event of any breach by Executive of such Paragraphs.

Appears in 2 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers 1st Bancorp, Inc.)

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