Common use of Termination at Option of Employer Clause in Contracts

Termination at Option of Employer. Employer may terminate this Agreement at any time and without cause by giving Employee sixty (60) days written notice of Employer’s intent to terminate this Agreement. The 60th day after notice shall be deemed to be the Employee’s Separation Date. In the event Employee’s employment is terminated pursuant to this section, Employee shall be paid all accrued salary, vacation and reimbursement expenses for which expense reports have been provided to Employer in accordance with Employer’s policies and this Agreement or which are provided to Employer prior to the Separation Date in accordance with Employer’s policies and this Agreement. In addition to the foregoing amounts, if Employee is terminated pursuant to this section, and subject to Employee’s continued employment through, and termination of employment on, the Separation Date, Employee will be entitled to receipt of additional severance payments as set forth herein:

Appears in 7 contracts

Samples: Employment Agreement (Farmers & Merchants Bancorp), Employment Agreement (Farmers & Merchants Bancorp), Employment Agreement (Farmers & Merchants Bancorp)

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Termination at Option of Employer. Employer may terminate this Agreement at any time and without cause by giving Employee sixty (60) days written notice of Employer’s 's intent to terminate this Agreement. The 60th day after notice shall be deemed to be the Employee’s 's Separation Date. In the event Employee’s 's employment is terminated pursuant to this section, Employee shall be paid all accrued salary, vacation and reimbursement expenses for which expense reports have been provided to Employer in accordance with Employer’s 's policies and this Agreement or which are provided to Employer prior to the Separation Date separation date in accordance with Employer’s 's policies and this Agreement. In addition to the foregoing amounts, if Employee is terminated pursuant to this sectionsection of the Agreement, and subject to Employee’s continued employment through, and termination of employment on, the Separation Date, Employee he/she will be entitled to receipt of additional severance payments as set forth herein:.

Appears in 5 contracts

Samples: Employment Agreement (Farmers & Merchants Bancorp), Employment Agreement (Farmers & Merchants Bancorp), Employment Agreement (Farmers & Merchants Bancorp)

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Termination at Option of Employer. Employer may terminate this Agreement at any time and without cause by giving Employee sixty (60) days written notice of Employer’s 's intent to terminate this Agreement. The 60th day after notice shall be deemed to be the Employee’s 's Separation Date. In the event Employee’s 's employment is terminated pursuant to this section, Employee shall be paid all accrued salary, vacation and reimbursement expenses for which expense reports have been provided to Employer in accordance with Employer’s 's policies and this Agreement or which are provided to Employer prior to the Separation Date separation date in accordance with Employer’s 's policies and this Agreement. In addition to the foregoing amounts, if Employee is terminated pursuant to this sectionsection of the Agreement, and subject to Employee’s continued employment through, and termination of employment on, the Separation Date, Employee he will be entitled to receipt of additional severance payments as set forth herein:.

Appears in 1 contract

Samples: Employment Agreement (Farmers & Merchants Bancorp)

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