Termination by the Bank Without Cause. The Executive’s employment under this Agreement may be terminated by the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 4 contracts
Samples: Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Interstate Bancorp Inc)
Termination by the Bank Without Cause. The Executive’s employment under this Agreement with the Bank may be terminated without cause at any time by the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of DirectorsBank.
Appears in 4 contracts
Samples: Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp)
Termination by the Bank Without Cause. The Executive’s employment under this Agreement with the Bank may be terminated without Cause by the Bank without Cause (which, for purposes Board of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) Directors at any time upon written notice to the Executive. A determination of whether , provided, however, that the Executive’s employment Bank shall be terminated without Cause will be made solely by have the obligation upon any such termination to make the payments to the Executive Committee provided for under Section 9 of the Board of Directorsthis Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Provident Bancorp, Inc. /MD/), Employment Agreement (Provident Bancorp, Inc.), Employment Agreement (Provident Bancorp, Inc.)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without cause by a two-thirds vote of all of the members of the Board of Directors of the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon on written notice to the Executive. A determination of whether , provided, however, that the Executive’s employment Bank shall be terminated without Cause will be made solely by have the obligation upon any such termination to make the payments to the Executive Committee provided for under Section 10 of the Board of Directorsthis Agreement.
Appears in 3 contracts
Samples: Employment Agreement (First Essex Bancorp Inc), Employment Agreement (First Essex Bancorp Inc), Employment Agreement (First Essex Bancorp Inc)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without cause at any time by the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of DirectorsBank.
Appears in 3 contracts
Samples: Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement may be terminated by the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s 's employment under this Agreement due to Executive’s 's death or Disability) upon written notice to the Executive. A determination of whether the Executive’s 's employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 2 contracts
Samples: Employment Agreement (Meridian Interstate Bancorp Inc), Employment Agreement (Meridian Interstate Bancorp Inc)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without cause by a two-thirds vote of all of the Bank without Cause (which, for purposes members of clarification, shall not include a termination the Board of Executive’s employment under this Agreement due to Executive’s death or Disability) upon Directors on written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 2 contracts
Samples: Employment Agreement (GBT Bancorp), Employment Agreement (LSB Corp)
Termination by the Bank Without Cause. The Executive’s employment under this Agreement may be terminated by the Bank Bank, or its successor, without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Meridian Bancorp, Inc.), Supplemental Executive Retirement Agreement (Meridian Interstate Bancorp Inc)
Termination by the Bank Without Cause. The Executive’s employment under this Agreement with the Bank may be terminated without Cause by the Bank without Cause (which, for purposes Chief Executive Officer or the Board of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) Directors at any time upon written notice to the Executive. A determination of whether , provided, however, that the Executive’s employment Bank shall be terminated without Cause will be made solely by have the obligation upon any such termination to make the payments to the Executive Committee provided for under Section 9 of the Board of Directorsthis Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Provident Bancorp, Inc. /MD/), Employment Agreement (Provident Bancorp, Inc. /MD/)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without cause only by a majority vote of all of the members of the Board of Directors of the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon on written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 2 contracts
Samples: Employment Agreement (Ipswich Bancshares Inc), Employment Agreement (Ipswich Bancshares Inc)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without cause by a two-thirds vote of all of the members of the Board of Directors of the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon on written notice to the Executive. A determination of whether , PROVIDED, HOWEVER, that the Executive’s employment Bank shall be terminated without Cause will be made solely by have the obligation upon any such termination to make the payments to the Executive Committee provided for under Section 10 of the Board of Directorsthis Agreement.
Appears in 1 contract
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without Cause by a two-thirds vote of all of the members of the Board of Directors of the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon on written notice to the Executive. A determination of whether , provided, however, that the Executive’s employment Bank shall be terminated without Cause will be made solely by have the obligation upon any such termination to make the payments to the Executive Committee provided for under Section 9 of the Board of Directorsthis Agreement.
Appears in 1 contract
Samples: Employment Agreement (1855 Bancorp)
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement may be terminated by the Bank Bank, or its successor, without Cause (which, for purposes of clarification, shall not include a termination of Executive’s 's employment under this Agreement due to Executive’s 's death or Disability) upon written notice to the Executive. A determination of whether the Executive’s 's employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Meridian Interstate Bancorp Inc)
Termination by the Bank Without Cause. The Bank may terminate Executive’s employment under this Agreement may be terminated by the Bank hereunder at any time without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon by written notice to Executive, in which event the Executive. A determination Bank shall pay Executive an amount equal to $150,000 less the aggregate amount of whether Base Salary and committee fees previously paid to or accrued by Executive at the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee time of the Board of Directorstermination.
Appears in 1 contract
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without cause only by a two-thirds vote of all of the members of the Board of Directors of the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon on written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 1 contract
Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without cause by a three-fourths vote of all of the Bank without Cause (which, for purposes members of clarification, shall not include a termination the Board of Executive’s employment under this Agreement due to Executive’s death or Disability) upon Directors on written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directors.
Appears in 1 contract
Termination by the Bank Without Cause. The Executive’s employment under this Agreement with the Bank may be terminated by the Bank without Cause (which, for purposes by a two-thirds vote of clarification, shall not include a termination all of Executive’s employment under this Agreement due to Executive’s death or Disability) upon the members of the Board on written notice to the Executive. A determination of whether , provided, however, that the Executive’s employment Bank shall be terminated without Cause will be made solely by have the obligation upon any such termination to make the payments to the Executive Committee provided for under Section 9 of the Board of Directorsthis Agreement.
Appears in 1 contract
Samples: Employment Agreement (Seacoast Financial Services Corp)
Termination by the Bank Without Cause. The Bank shall have the right to terminate Executive’s employment under this Agreement at any time on written notice without Cause, for any or no reason, such termination to be effective on the date on which the Bank gives such notice to Executive or such later date as may be terminated specified in such notice. In the event the Bank terminates Executive without Cause, the Bank’s obligations to provide supplemental benefits to Executive is governed by the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon written notice to the Executive. A determination of whether the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee terms of the Board Parties’ separately executed Non-Competition Agreement dated as of Directorsthe Effective Date.
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Termination by the Bank Without Cause. The Executive’s 's employment under this Agreement with the Bank may be terminated without Cause by a majority vote of all of the members of the Board of Directors of the Bank without Cause (which, for purposes of clarification, shall not include a termination of Executive’s employment under this Agreement due to Executive’s death or Disability) upon on written notice to the Executive. A determination of whether , PROVIDED, HOWEVER, that the Executive’s employment Bank shall be terminated without Cause will be made solely by have the obligation upon any such termination to make the payments to the Executive Committee provided for under Section 11 of the Board of Directorsthis Agreement.
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Termination by the Bank Without Cause. The Executive’s Executive;s employment under this Agreement with the Bank may be terminated without cause by a two-thirds vote of all of the Bank without Cause (which, for purposes members of clarification, shall not include a termination the Board of Executive’s employment under this Agreement due to Executive’s death or Disability) upon Directors on written notice to the Executive. A determination of whether , such termination to be effective upon the Executive’s employment shall be terminated without Cause will be made solely by the Executive Committee of the Board of Directorsdate set forth in such notice.
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