Common use of Termination by You Other Than for Good Reason Clause in Contracts

Termination by You Other Than for Good Reason. You may terminate your employment hereunder without Good Reason (as defined below) by written notice to the Company effective thirty (30) days after receipt of such notice by the Company or at any time by mutual agreement in writing. If you terminate your employment without Good Reason, you will be entitled to receive the Accrued Amounts as provided in Section 5(b). It shall not constitute a breach of this Agreement for the Company to suspend your duties and to place you on paid leave during the notice period.

Appears in 5 contracts

Samples: Employment Agreement (Virginia National Bankshares Corp), Employment Agreement (Fauquier Bankshares, Inc.), Employment Agreement (Fauquier Bankshares, Inc.)

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Termination by You Other Than for Good Reason. You may terminate your employment hereunder without Good Reason (as defined below) by written notice to the Company effective thirty (30) days after receipt of such notice by the Company or at any time by mutual agreement in writing. If you terminate your employment without Good Reason, you will be entitled to receive the Accrued Amounts as provided in Section 5(b). It shall not constitute a breach of this Agreement for the Company to suspend your duties and to place you on paid leave during the thirty (30) day notice period. Upon termination of employment by you without Good Reason, this Agreement will terminate without any further obligation of the Company to you other than to pay you any unpaid Base Salary through the date of termination within thirty (30) days after the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Fauquier Bankshares, Inc.)

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