Termination by the Bank Without Cause. The Executive's employment 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 on written notice to the Executive.
Appears in 2 contracts
Samples: Employment Agreement (Ipswich Bancshares Inc), Employment Agreement (Ipswich Bancshares Inc)
Termination by the Bank Without Cause. The Executive's employment with the Bank may be terminated without cause only by a majority two-thirds vote of all of the members of the Board of Directors of the Bank on written notice to the Executive.
Appears in 2 contracts
Samples: Employment Agreement (LSB Corp), Employment Agreement (GBT Bancorp)
Termination by the Bank Without Cause. The Executive's employment with the Bank may be terminated without cause only Cause by a majority two-thirds vote of all of the members of the Board of Directors of the Bank on written notice to the Executive, provided, however, that the Bank shall have the obligation upon any such termination to make the payments to the Executive provided for under Section 9 of this Agreement.
Appears in 1 contract
Samples: Employment Agreement (1855 Bancorp)
Termination by the Bank Without Cause. The Executive's Executive;s employment with the Bank may be terminated without cause only by a majority two-thirds vote of all of the members of the Board of Directors of the Bank on written notice to the Executive, such termination to be effective upon the date set forth in such notice.
Appears in 1 contract
Termination by the Bank Without Cause. The Executive's employment with the Bank may be terminated without cause only by a majority two-thirds vote of all of the members of the Board of Directors of the Bank on written notice to the Executive, PROVIDED, HOWEVER, that the Bank shall have the obligation upon any such termination to make the payments to the Executive provided for under Section 10 of this Agreement.
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Termination by the Bank Without Cause. The Executive's employment with the Bank may be terminated without cause only by a majority three-fourths vote of all of the members of the Board of Directors of the Bank on written notice to the Executive.
Appears in 1 contract
Termination by the Bank Without Cause. The Executive's ’s employment with the Bank may be terminated without cause only Cause by a majority two-thirds vote of all of the members of the Board of Directors of the Bank on written notice to the Executive, provided, however, that the Bank shall have the obligation upon any such termination to make the payments to the Executive provided for under Section 9 of this Agreement.
Appears in 1 contract
Samples: Employment Agreement (Seacoast Financial Services Corp)
Termination by the Bank Without Cause. The Executive's employment with the Bank may be terminated without cause only by a majority three-fourths vote of all of the members of the Board of Directors of the Bank on written notice to the Executive.
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Termination by the Bank Without Cause. The Executive's employment with the Bank may be terminated without cause only Cause by a majority vote of all of the members of the Board of Directors of the Bank on written notice to the Executive, PROVIDED, HOWEVER, that the Bank shall have the obligation upon any such termination to make the payments to the Executive provided for under Section 11 of this Agreement.
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Termination by the Bank Without Cause. The Executive's employment with the Bank may be terminated without cause only by a majority two-thirds vote of all of the members of the Board of Directors of the Bank on written notice to the Executive.
Appears in 1 contract