Common use of Termination by the Bank for Cause Clause in Contracts

Termination by the Bank for Cause. The Executive’s employment under this Agreement may be terminated for Cause without further liability on the part of the Bank effective immediately upon a vote of the Board of Directors and written notice to the Executive. Only the following shall constitute “Cause” for such termination:

Appears in 4 contracts

Samples: Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Interstate Bancorp Inc)

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Termination by the Bank for Cause. The Executive’s employment under this Agreement hereunder may be terminated for Cause “cause” without further liability on the part of the Bank effective immediately upon a vote determination of the President or the Board of Directors and written notice to the Executivethat such “cause” exists. Only For purposes hereof, any one or more of the following shall constitute “Causecause” for such termination:

Appears in 4 contracts

Samples: Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp)

Termination by the Bank for Cause. The Bank may terminate Executive’s employment under this Agreement may be terminated employment, without notice, for Cause without further liability on the part one or more of the Bank effective immediately upon a vote of the Board of Directors and written notice to the Executive. Only the following shall constitute “reasons, which will be treated as termination for Cause” for such termination:

Appears in 4 contracts

Samples: Executive Employment Agreement (CNB Financial Corp/Pa), Executive Employment Agreement (CNB Financial Corp/Pa), Executive Employment Agreement (CNB Financial Corp/Pa)

Termination by the Bank for Cause. The Executive’s 's employment under this Agreement hereunder may be terminated for Cause without further liability on the part of the Bank effective immediately upon by a two-thirds vote of all of the members of the Board of Directors and for cause by written notice to the ExecutiveExecutive setting forth in reasonable detail the nature of such cause. Only the following shall constitute “Cause” "cause" for such termination:

Appears in 3 contracts

Samples: Employment Agreement (Emerald Isle Bancorp Inc), Employment Agreement (LSB Corp), Employment Agreement (Emerald Isle Bancorp Inc)

Termination by the Bank for Cause. The Executive’s 's employment under this Agreement hereunder may be terminated for Cause "cause" without further liability on the part of the Bank effective immediately upon a vote determination of the President or the Board of Directors and written notice to the Executivethat such "cause" exists. Only For purposes hereof, any one or more of the following shall constitute “Cause” "cause" for such termination:

Appears in 3 contracts

Samples: Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp)

Termination by the Bank for Cause. The Executive’s 's employment under this Agreement may be terminated for Cause without further liability on the part of the Bank effective immediately upon a vote of the Board of Directors and written notice to the Executive. Only the following shall constitute "Cause" for such termination:

Appears in 2 contracts

Samples: Employment Agreement (Meridian Interstate Bancorp Inc), Employment Agreement (Meridian Interstate Bancorp Inc)

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Termination by the Bank for Cause. The Executive’s employment under this Agreement may be terminated for Cause without further liability on the part of the Bank effective immediately upon a vote of the Bank’s Board of Directors and written notice to the Executive. Only the following shall constitute “Cause” for such termination:

Appears in 1 contract

Samples: Employment Agreement (Boston Private Financial Holdings Inc)

Termination by the Bank for Cause. The Executive’s Bank shall have the right to terminate the employment under this Agreement may be terminated of the Executive at any time for Cause without further liability on (as hereinafter defined). For the part purposes of this Agreement, the Bank effective immediately upon a vote of will have "Cause" to terminate Executive's employment as the Board of Directors and written notice to the Executive. Only the following shall constitute “Cause” for such terminationresult of:

Appears in 1 contract

Samples: Employment Agreement (Redwood Empire Bancorp)

Termination by the Bank for Cause. The Executive’s 's employment under this Agreement hereunder may be terminated for Cause without further liability on the part of the Bank effective immediately upon by a two-thirds vote of all of the members of the Board of Directors and for cause by written notice to the ExecutiveExecutive setting forth in reasonable detail the nature of such cause. Only 92 the following shall constitute “Cause” "cause" for such termination:

Appears in 1 contract

Samples: Employment Agreement (GBT Bancorp)

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