Common use of Termination and Termination Pay Clause in Contracts

Termination and Termination Pay. (a) The Officer's employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his death shall have occurred and for a period of one month thereafter. Notwithstanding the foregoing, in the event of the Officer's death following a change in control (as defined in Paragraph 10), the Officer's designated beneficiary or the designated beneficiary's estate shall be entitled to receive the compensation due the Officer through the last day of the remaining term of this Agreement. (b) The Officer's employment under this Agreement may be terminated at any time by the Officer upon sixty (60) days' written notice to the Board of Directors. Upon such termination, the Officer shall be entitled to receive compensation through the effective date of such termination. (c) The Board may terminate the Officer's employment at any time, but any termination by the Board, other than termination for cause, shall not prejudice the Officer's right to compensation or other benefits under this Agreement. The Officer shall have no right to receive compensation or other benefits for any period after termination for "cause." Termination for "cause" shall include termination because of the Officer's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provisions of this Agreement.

Termination and Termination Pay. (a) The Officer's employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his death shall have occurred and for a period of one month thereafter. Notwithstanding the foregoing, in the event of the Officer's death following a change in control (as defined in Paragraph 10), the Officer's designated beneficiary or the designated beneficiary's estate shall be entitled to receive the compensation due the Officer through the last day of the lesser of (i) the remaining term of this AgreementAgreement or (ii) a period of twelve months. (b) The Officer's employment under this Agreement may be terminated at any time by the Officer upon sixty (60) days' written notice to the Board of Directors. Upon such termination, the Officer shall be entitled to receive compensation through the effective date of such termination. (c) The Board may terminate the Officer's employment at any time, but any termination by the Board, other than termination for cause, shall not prejudice the Officer's right to compensation or other benefits under this Agreement. The Officer shall have no right to receive compensation or other benefits for any period after termination for "cause." Termination for "cause" shall include termination because of the Officer's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provisions of this Agreement.

Termination and Termination Pay. (a) The OfficerEmployee's employment under this Agreement shall be terminated upon any of the following occurrences: (a) The death of the Officer Employee during the term of this Agreement, in which event, event the OfficerEmployee's estate shall be entitled to receive the compensation due the Officer Employee through the last day of the first calendar month in which his Employee's death shall have occurred and for a period of one month thereafter. Notwithstanding the foregoing, in the event of the Officer's death following a change in control (as defined in Paragraph 10), the Officer's designated beneficiary or the designated beneficiary's estate shall be entitled to receive the compensation due the Officer through the last day of the remaining term of this Agreementoccurred. (b) The OfficerBank may terminate the Employee's employment under this Agreement may be terminated at any time by with or without Just Cause within its sole discretion. This Agreement shall not be deemed to give Employee any right to be retained in the Officer upon sixty (60) days' written notice employment or service of the Bank, or to interfere with the Board right of Directors. Upon such termination, the Officer shall be entitled Bank to receive compensation through the effective date of such termination. (c) The Board may terminate the Officer's employment of the Employee at any time, but any termination by the Board, Bank other than termination for causeJust Cause, shall not prejudice the OfficerEmployee's right to compensation or other benefits detailed under this the Agreement. The Officer Employee shall have no right to receive compensation or other benefits for any period after termination for "cause." Just Cause. The Bank may within its sole discretion, acting in good faith, terminate the Employee for Just Cause and shall notify such Employee accordingly. Termination for "causeJust Cause" shall include termination because of the OfficerEmployee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provisions provision of this the Agreement.

Termination and Termination Pay. (a) The OfficerEmployee's employment under this Agreement shall be terminated upon any of the following occurrences: (a) The death of the Officer Employee during the term of this Agreement, in which event, event the OfficerEmployee's estate shall be entitled to receive the compensation due the Officer Employee through the last day of the calendar month in which his Employee's death shall have occurred and for a period of one month thereafter. Notwithstanding the foregoing, in the event of the Officer's death following a change in control (as defined in Paragraph 10), the Officer's designated beneficiary or the designated beneficiary's estate shall be entitled to receive the compensation due the Officer through the last day of the remaining term of this Agreementoccurred. (b) The OfficerBank may terminate the Employee's employment under this Agreement may be terminated at any time by with or without Just Cause within its sole discretion. This Agreement shall not be deemed to give Employee any right to be retained in the Officer upon sixty (60) days' written notice employment or service of the Bank, or to interfere with the Board right of Directors. Upon such termination, the Officer shall be entitled Bank to receive compensation through the effective date of such termination. (c) The Board may terminate the Officer's employment of the Employee at any time, but any termination by the Board, Bank other than termination for causeJust Cause, shall not prejudice the OfficerEmployee's right to compensation or other benefits under this the Agreement. The Officer Employee shall have no right to receive compensation or other benefits for any period after termination for "cause." Just Cause. The Bank may within its sole discretion, acting in good faith, terminate the Employee for Just Cause and shall notify such Employee accordingly. Termination for "causeJust Cause" shall include termination because of the OfficerEmployee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provisions provision of this the Agreement.

Termination and Termination Pay. (a) The Officer's employment under this Agreement shall be terminated upon the death of the Officer during the term of this Agreement, in which event, the Officer's estate shall be entitled to receive the compensation due the Officer through the last day of the calendar month in which his death shall have occurred and for a period of one month thereafter. Notwithstanding the foregoing, in the event of the Officer's death following a change in control (as defined in Paragraph 10), the Officer's designated beneficiary or the designated beneficiary's estate shall be entitled to receive the compensation due the Officer through the last day of the remaining term of this Agreement. (b) The Officer's employment under this Agreement may be terminated at any time by the Officer upon sixty (60) days' written notice to the Board of DirectorsBoard. Upon such termination, the Officer shall be entitled to receive compensation through the effective date of such termination. (c) The Board may terminate the Officer's employment at any time, but any termination by the Board, other than termination for cause, shall not prejudice the Officer's right to compensation or other benefits under this Agreement. The Officer shall have no right to receive compensation or other benefits for any period after termination for "cause." Termination for "cause" shall include termination because of the Officer's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses) or final cease-and-desist order, or material breach of any provisions of this Agreement.

Termination and Termination Pay. (a) The OfficerEmployee's employment under this Agreement shall be terminated upon any of the following occurrences: (a) The death of the Officer Employee during the term of this Agreement, in which event, event the OfficerEmployee's estate shall be entitled to receive the compensation due the Officer Employee through the last day of the calendar month in which his Employee's death shall have occurred and for a period of one month thereafter. Notwithstanding the foregoing, in the event of the Officer's death following a change in control (as defined in Paragraph 10), the Officer's designated beneficiary or the designated beneficiary's estate shall be entitled to receive the compensation due the Officer through the last day of the remaining term of this Agreementoccurred. (b) The Officer's employment under this Agreement may be terminated at any time by the Officer upon sixty (60) days' written notice to the Board of Directors. Upon such termination, the Officer shall be entitled to receive compensation through the effective date of such termination. (c) The Board Directors may terminate the OfficerEmployee's employment at any time, but any termination by the Board, Board of Directors other than termination for causeJust Cause, shall not prejudice the OfficerEmployee's right to compensation or other benefits under this the Agreement. The Officer Employee shall have no right to receive compensation or other benefits for any period after termination for "cause." Just Cause. The Board may within its sole discretion, acting in good faith, terminate the Employee for Just Cause and shall notify such Employee accordingly. Termination for "causeJust Cause" shall include termination because of the OfficerEmployee's personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, rule or regulation (other than traffic violations or similar offenses) or final cease-and-and- desist order, or material breach of any provisions provision of this the Agreement.