Common use of Termination by Bank for Cause or by Executive Without Good Reason Clause in Contracts

Termination by Bank for Cause or by Executive Without Good Reason. If, before the end of the Term, the Bank terminates this Agreement for Cause or the Executive terminates this Agreement without Good Reason, the Bank will pay the Executive the salary earned and expenses reimbursable under this Agreement incurred through the date of the Executive's termination. The Executive will have no right to receive compensation or other benefits for any period after termination under this Section 5(b).

Appears in 1 contract

Samples: Employment Agreement (Harbor Bancorp Inc)

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Termination by Bank for Cause or by Executive Without Good Reason. If, before the end of the Term, the Bank terminates this Agreement for Cause (as defined in Section 5) or the Executive terminates this Agreement without Good ReasonReason (as defined in Section 6), the Bank will pay the Executive the salary earned and expenses reimbursable under this Agreement incurred through the date of the Executive's termination. The Executive will have no right to receive compensation or other benefits for any period after termination under this Section 5(b4(b).

Appears in 1 contract

Samples: Employment Agreement (Pacific Financial Corp)

Termination by Bank for Cause or by Executive Without Good Reason. If, before the end of the Term, the Bank terminates this Agreement for Cause (as defined in Section 5) or the Executive terminates this Agreement without Good ReasonReason (as defined in Section 6), the Bank will pay the Executive the salary earned and expenses reimbursable under this Agreement incurred through the date of the Executive's termination. The Executive will have no right to receive compensation or other benefits for any period after termination under this Section 5(b4(b).

Appears in 1 contract

Samples: Employment Agreement (Pacific Financial Corp)

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Termination by Bank for Cause or by Executive Without Good Reason. If, before the end of the Term, the Bank terminates this Agreement for Cause (as defined in Section 5) or the Executive terminates this Agreement without Good ReasonReason (as defined in Section 6), the Bank will pay the Executive the salary and benefits earned and expenses reimbursable under this Agreement incurred through the date of the Executive's ’s termination. The Executive will have no right to receive compensation or other benefits for any period after termination under this Section 5(b4(b).

Appears in 1 contract

Samples: Employment Agreement (Columbia Banking System Inc)

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