Common use of Termination by Bank Before Change in Control or for Cause Clause in Contracts

Termination by Bank Before Change in Control or for Cause. The Bank may terminate Executive's employment and this Agreement (subject to survival of the covenants in Section 6) at any time prior to a Change in Control Window for any or no reason, and may terminate Executive' employment for Cause, even during a Change in Control Window. If Executive's employment is terminated for Cause or prior to a Change in Control Window, Executive shall not be entitled to any payments or benefits except for (1) unpaid salary already earned by Executive and (2) benefits in which he has already become vested by such termination of employment, and which are payable upon such termination of employment under the terms and practices of the plans or arrangements under which such benefits are provided.

Appears in 8 contracts

Samples: Change in Control Severance Agreement (Stock Yards Bancorp, Inc.), Change in Control Severance Agreement (Stock Yards Bancorp, Inc.), Change in Control Severance Agreement (S Y Bancorp Inc)

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