Termination by the Board for Cause. The Board may terminate the Executive's employment at any time for Cause, such termination to be effective as of the date stated in a written notice of termination delivered to the Executive. Before proceeding with termination under subparts (iii) through (vi) of the definition of “Cause,” above, the Board shall give the Executive written notice of the grounds for termination and thirty (30) days to cure, if curable. If the Executive fails or is unable to cure, the Executive’s employment shall terminate on the thirty-first (31st) day following the giving by the Bank of such written notice of termination;
Appears in 2 contracts
Samples: Employment Agreement (Federal Home Loan Bank of Chicago), Employment Agreement (Federal Home Loan Bank of Chicago)
Termination by the Board for Cause. The Board may terminate the Executive's employment at any time for Cause, such termination to be effective as of the date stated in a written notice of termination delivered to the Executive. Before proceeding with termination under subparts (iii) through (vi) of the definition of “"Cause,” above", the Board shall will give the Executive written notice of the grounds for termination and thirty (30) days to cure, if curable. If the Executive fails or is unable to cure, the Executive’s 's employment shall will terminate on the thirty-first (31st) day following the giving by the Bank of such written notice of terminationimmediately;
Appears in 1 contract
Samples: Employment Agreement (Federal Home Loan Bank of Chicago)
Termination by the Board for Cause. The Board may terminate the Executive's employment at any time for Cause, such termination to be effective as of the date stated in a written notice of termination delivered to the Executive. Before proceeding with termination under subparts (iii) through (vi) of the definition of “Cause,” above”, the Board shall will give the Executive written notice of the grounds for termination and thirty (30) days to cure, if curable. If the Executive fails or is unable to cure, the Executive’s employment shall will terminate on the thirty-first (31st) day following the giving by the Bank of such written notice of terminationimmediately;
Appears in 1 contract
Samples: Employment Agreement (Federal Home Loan Bank of Chicago)
Termination by the Board for Cause. The Board may terminate the Executive's employment at any time for Cause, such termination to be effective as of the date stated in a written notice of termination delivered to the Executive. Before proceeding with termination under subparts (iii) through (vi) of the definition of “Cause,” above”, the Board shall will give the Executive written notice of the grounds for termination and thirty (30) days to cure, if curable. If the Executive fails or is unable to cure, the Executive’s 's employment shall will terminate on the thirty-first (31st) day following the giving by the Bank of such written notice of terminationimmediately;
Appears in 1 contract
Samples: Employment Agreement (Federal Home Loan Bank of Chicago)