TERMINATION BY EITHER PARTY FOR NON-CAUSE OR OTHER REASONS. Either party may terminate this Agreement upon ninety (90) days written notice to the other party for any reason. Termination pursuant to this section shall be referred to as a "Non-Cause Termination." Specifically, a "Non-Cause Termination" shall be any termination of the Executive's employment other than by the Bank for cause, as defined in subsection (a), or by the Employee for cause, as defined in subsection (b), of this Section 7.
Appears in 4 contracts
Samples: Employment Agreement (Capital Bancorp Inc), Employment Agreement (Capital Bancorp Inc), Employment Agreement (Capital Bancorp Inc)
TERMINATION BY EITHER PARTY FOR NON-CAUSE OR OTHER REASONS. Either party may terminate this Agreement upon ninety (90) days written notice to the other party for any reason. Termination pursuant to this section shall be referred to as a "Non-Cause Termination." Specifically, a "Non-Cause Termination" shall be any termination of the ExecutiveEmployee's employment other than by the Bank for cause, as defined in subsection (a), subparagraph VI(a) or by the Employee for cause, as defined in subsection (b), of this Section 7IV(b) above.
Appears in 2 contracts
Samples: Employment Agreement (Piedmont Bancorp Inc), Employment Agreement (Piedmont Bancorp Inc)
