Common use of Termination by Bank Clause in Contracts

Termination by Bank. The Executive's employment hereunder may be terminated by the Bank, without further liability on the part of the Bank, effective immediately, by a two-thirds vote of all of the members of the Board of Directors of the Bank for Cause (as such term is defined in Section 6.2) by written notice to the Executive setting forth in reasonable detail the nature of such Cause, provided that the Board has complied with the provisions of Section 6.3.

Termination by Bank. The Executive's ’s employment hereunder may be terminated by the Bank, Bank without further liability on the part of the Bank, effective immediately, by a two-thirds vote of all of the members of the Board of Directors of the Bank for Cause (as such term is defined in Section 6.2) by written notice to the Executive setting forth in reasonable detail the nature of such Cause, provided that the Board has complied with the provisions of Section 6.3.

Termination by Bank. The Executive's employment hereunder may be terminated by the Bank, Bank without further liability on the part of the Bank, effective immediately, by a two-thirds vote of all of the members of the Board of Directors of the Bank for Cause (as such term is defined in Section 6.2) by written notice to the Executive setting forth in reasonable detail the nature of such Cause, provided that the Board has complied with the provisions of Section 6.3.

Termination by Bank. The Executive's employment hereunder may be terminated by the Bank, without further liability on the part of the Bank, effective immediately, by a two-thirds vote of all of the members of the Board of Directors of the Bank for Cause (as such term is defined in Section 6.2) by written notice to the Executive setting forth in reasonable detail the nature of such Cause, provided PROVIDED that the Board has complied with the provisions of Section 6.3.

Termination by Bank. The Executive's employment hereunder may be terminated by the Bank, Bank without further liability on the part of the Bank, effective immediately, by a two-thirds majority vote of all of the members of the Board of Directors of the Bank for Cause (as such term is defined in Section 6.28.2) by written notice to the Executive setting forth in reasonable detail the nature of such Cause, provided that the Board has complied with the provisions of Section 6.3.