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

Termination by Company for Cause or by Executive Without Good Reason. If, before the end of the Term, the Company terminates this Agreement for Cause or the Executive terminates this Agreement without Good Reason, the Company 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 2 contracts

Samples: Employment Agreement (Harbor Bancorp Inc), Employment Agreement (Harbor Bancorp Inc)

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Termination by Company for Cause or by Executive Without Good Reason. If, before the end of the Term, the Company terminates this Agreement for Cause or the Executive terminates this Agreement without Good Reason, the Company or the Bank will pay the Executive the salary and bonus 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 (Harbor Bancorp Inc)

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Termination by Company for Cause or by Executive Without Good Reason. If, before the end of the Term, the Company terminates this Agreement for Cause or the Executive terminates this Agreement without Good Reason, the Company or 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 (Harbor Bancorp Inc)

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