Termination and Severance Pay. Both the Bank and Officer acknowledge that the Officer’s employment is “at will,” and may be terminated by either party at any time, with or without Cause, by giving notice to the other party as set forth below. Upon termination of Officer’s employment with Bank, Officer will be entitled to severance pay as set forth below.
Appears in 4 contracts
Samples: Employment Agreement (Cape Fear Bank CORP), Employment Agreement (Cape Fear Bank CORP), Employment Agreement (Cape Fear Bank CORP)
