Common use of Termination by the Bank Without Cause Clause in Contracts

Termination by the Bank Without Cause. The Executive’s employment with the Bank may be terminated without cause at any time by the Bank.

Appears in 4 contracts

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

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Termination by the Bank Without Cause. The Executive’s 's employment with the Bank may be terminated without cause at any time by the Bank.

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 employment with the Bank may be terminated without cause Cause by the Chief Executive Officer or the Board of Directors at any time by upon notice to the BankExecutive, 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 2 contracts

Samples: Employment Agreement (Provident Bancorp, Inc. /MD/), Employment Agreement (Provident Bancorp, Inc. /MD/)

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Termination by the Bank Without Cause. The Bank may terminate Executive’s employment with the Bank may be terminated without cause hereunder at any time without Cause by written notice to Executive, in which event the BankBank shall pay Executive an amount equal to $150,000 less the aggregate amount of Base Salary and committee fees previously paid to or accrued by Executive at the time of termination.

Appears in 1 contract

Samples: Employment Agreement (First National Banc Inc)

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